Member Info for Helpful

The bottom line is that Musonoi was and is worth a lot of money. The worst position is we are owed 51% of $20mil.

DYOR

For a reason I can't disclose, the money went via Gecamines and they have not paid it over to VUP. Which is why VUP is suing Kamoto, a subsidiary of Glencore and Gecamines.

The case is in the public doman in DRC.

DYOR

Work out the claim on 200k tonnes of copper and 24k tonnes of cobalt.

DYOR

The assets belong to the JV not VUP.

Any deal should have been between the JV and Glencore not VUP and Glencore.

In DRC we have attached an order freezing the funds and intervened in the case where VUP is suing Gecamines and Glencore.

In the UK RRR is taking advice on seeking damages in the UK courts: it is called Tortious Interference.

Glencore was always the obvious home for Musonoi, as I said on here multiple times. AB hinted in 2020 we were in talks with Glencore and then from late 2020 they DK'd RRR.

Glencore needs to get its cheque book out.

DYOR

Blame it on the NOMAD when they cut out all the material information.

On Musonoi Glencore have dug themselves a very big hole. It will take a large cheque to fill it.

DYOR

Not so. Sometimes we just have to wait a bit longer than we would like.

xx

https://twitter.com/RRR_RedRock/status/1458715634875998208?t=hBnCP6GIgPFzKQ_oWQxlRQ&s=19

Gold currently $1,859 touched $1,865 earlier.

US inflation has scared people.

https://twitter.com/graddhybpc/status/1458448990236782596?s=20

Hard assets is the place to be. Very good for RRR.

DYOR

Eluded is escaped from/avoided as in he eluded capture.

You mean alluded.

Another one who makes stuff up.

"
Silly thing is we already knew we had 128bopd or at least 120bopd plus as it was hinted at back on 05/10/21 as said poster couldn't help themselves letting it out trying to look credible"

Except it wasn't possible to know that at 05/10 because it hadn't happened. Analysis indicated that was the likely position.

"over the past two weeks average production is up by 53% from the first half of this year (to 128 net bopd"

Instead of going on about ten years ago and how ML is a crook, do some analysis on what is happening now. NTOG is in a good place and it now needs to get on with it with urgency. For a £3mil market cap company it is doing well but it could look a lot better at year end.

DYOR

JB

Not sure why you feel the need for me to comment especially as you don't hold shares and ignore the hard facts anyway.

Elephant is not taking opportunities from NTOG. The Benin license goes back a long way. Elephant will be raising $20/$30mil. No way can NTOG do that on AIM.

When Tunisia is signed, it will have a very nice asset that will be enough for NTOG regardless of what Elephant gets up to. There are other deals available in Tunisia which NTOG might have a go at in due course. You have seen how long it has taken to put Tunisia to bed: NTOG started work on it in Q2 20.

And that is the issue with these large overseas blocks compared to a few leases in Texas. On the other hand, scale is harder in Texas.

DYOR

So if Caracal is over valued and RRR is under valued, why would we want to take Caracal paper?

PS and if they want to farm in the answer would be no. If we take a farm in partner for Migori it has to be someone who can take it all the way to production and carry us. That is not Caracal.

It would be cheaper and easier for Caracal to make a bid for RRR. They might get it for 3p a share.

DYOR

NB

*You are or you're not your.

And as if by magic!

https://twitter.com/RRR_RedRock/status/1458047229944545285?s=20

I am sorry H but you can take anything Caracal says with a very large pinch of salt. We don't want their equity under any circumstances but if they want to write a very large cheque that won't bounce I am all ears.

I can't see the tweet that you refer to.. can you post it?

Thanks

DYOR

https://www.legislation.gov.uk/ukpga/2006/46/part/18

Why not think it through?

One way or another both Elephant Oil and RRAL/NBGC will be listed by end of Q1: how much does that add to the balance sheet? In all likelihood they will be listed latest end of January 22.

He says he has at least two more spin outs.

How much progress will POW have made by the end of Q1 and what will the share price be?

What chance a JV or two at Migori? One for the tailings and one in some of the hard rock?

We are due news on both Luanshimba and Migori from the drilling programme.

How much does RRR need for its development programme? I would say no more than $10mil tops.

There is a process to go through for share buybacks that RRR has to go through. It has to go to the High Court to capitalise the carried forward losses and get permission to buy back shares and cancel them. Very tax efficient and it gets the weak holders out. It doesn't happen overnight because of the High Court but they started it Q2, they could be ready Q3.

RRR recently paid back £1mil of its loan. It looks to me that it still has a bit of debt but not much.

DYOR

As usual avoid anything factual.

AGM
It depends what you mean by nothing happens.

Lots of stuff is happening and I mean lots. You listened to his last few updates. He has several spin outs on the way. RRAL/NBGC has been slow but it is close now. I check on Companies House each day to see if the share swap has been done. Once the share swap is done, it means that the listing is happening. Lots of rules in Australia to be navigated relating to foreign ownership of companies.

Elephant is the next one after RRAL/NBGC and then he says he has two more at least to spin out. Elephant should have been done by now but these things just take longer than people want or expect.

Share price is separate from something happening. He can't control that; all he can do is keep adding value and then one day it will all come together because the Tipping Point has been reached.

I suspect share buybacks will be on the agenda Q2 22.

DYOR