Member Info for Helpful

Decent update. Hints that they think they have a decent find.

Fingers crossed.

https://www.investegate.co.uk/power-metal--pow-/rns/australia-copper-gold-acquisition---update/202105241547046337Z/?utm_content=bufferbbab4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

RRR tipped again.

https://twitter.com/graddhybpc/status/1395662914225377288?s=19

WAFD takes security over certain assets. It periodically reviews the assets, the oil price, the reserves, the production, NTOG's cash position and cashflow. If it was renewed in 2020, it is not an issue to renew it now.

WAFD is cold on using the facility to purchase assets but is happy for producing assets to be switched to the facility and will then lend based on its review of the factors above. It is cheap money, not many O&G companies of NTOG's size would such a facility. When I say cold, it doesn't mean that it can't be done but they are not keen.

Each time it is renewed, they set new terms and a drawdown cap. All the factors since the last renewal should lead to the same terms or better and a higher drawdown cap. Likely Caballos Creek will get switched over to it and the current third party facility will get repaid.

In the past WAFD has required some of NTOG's production to be hedged. It may be at renewal that they want some more production to be hedged: I don't know. It may be that they agree with the rising oil price prognosis and don't want hedging at this time.

DYOR

Billy, WAFD does have an effect because it is non-dilutive financing for CAPEX.

If you follow everything you would also know that Caballos was acquired with a debt facility. As part of the renewal of WAFD facility CC will get moved over to the WAFD and the original loan repaid: this will have the effect of reducing the break even point because the WAFD will be cheaper money. It won't make a huge difference but anything that reduces the break even point is good news.

If you are such an expert on the company, you would know that it is up for renewal shortly. You would also know that the annual report is due out soon. What is the point of putting an update out if the AR is due: update everything in the AR.

DYOR

https://www.pscp.tv/w/1yNxaWpdDoNGj

Very good.

https://twitter.com/RRR_RedRock/status/1395280665889939456?s=19

https://twitter.com/JunoMinerals/status/1395249626068840450?s=19

https://twitter.com/RRR_RedRock/status/1394976137198059520?s=20

Fine. You miss the point but heyho!

The Caballos deal was a good deal and the Cypress deal was a good deal. More headroom on the facility means that NTOG can do other deals and/or fund the next Cypress well. I expect we will hear something on the next Cypress well when, NTOG does its next operations update.

DYOR

RRR has sent out a briefing paper on Juno with comparatives. Pretty much what I have been saying. If you want a copy, I suggest you contact the company.

https://twitter.com/SoberLook/status/1394586382522363904?s=19

Listen, I know you are a bit slow but if you read this slowly you might get it.

The WAFD facility has been in place for a number of years. A number of RNSs have disclosed the terms. It is rebased twice a year, as has been confirmed in RNSs.

It is now lateish May, next month is June. When does the facility get renewed? Next few week's maybe? Look at the RNSs.

Has anything changed since the last renewal? Well yes: the Cypress well is online and producing, more reserves have been added, we have acquired more acreage next the Cypress well which brings more reserves in, plus we have the Caballos wells and reserves. Plus the oil price is higher and NTOG is cashflow positive.

Let's pretend you are intelligent and we are interested in your opinion: how do you reckon that the renewal will go?

Once the renewal is done, how much more headroom will NTOG have to fund asset acquisition?

DYOR

https://www.home.saxo/content/articles/commodities/gold-and-silver-break-higher-with-multiple-tailwinds-at-play-18052021

We have silver at Macalder.

DYOR

Ha! Has anyone ever told you that you have a bit of a fixation?

We just have to wait. All will be revealed. Why not ask when the Washington Federal facility is up for renegotiation and the likely basis of the renewal. That should give you plenty to foam and froth about.

DYOR

For someone with no shares and no axe to grind you seem pretty determined to assert falsehoods. Anyone might think you had an agenda.

The plant was processing material, it was already doing it successfully in an earlier iteration. What they have been trying to get to is optimised steady state volume production with third party engineering sign off. Engineering involves constant incremental improvements on this project and on all other projects; it is how engineering works. The hard bit is the third part engineering sign off; those guys will not signing off anything unless they are 100% happy.

Up on the trade from first thing. Free money.

DYOR

Finished up another 9%.

Newsflow should start soon. Our big interest here is the royalties due to RRR.

DYOR

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210517:nRSQ8751Ya&default-theme=true

I expect we will see these exercised in June and some sold for cash and the rest held. As the RNSs indicate, being able to trade is severely limited by regulatory requirements; so RRR will need to take the opportunity when it is there.

DYOR

https://twitter.com/Ole_S_Hansen/status/1394175726199394304?s=19