Member Info for Helpful

Yet more

https://www.investegate.co.uk/power-metal--pow-/rns/botswana-molopo-farms-complex---commercial-update/202105061800018443X/?utm_content=buffer62d7d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

https://www.londonstockexchange.com/news-article/POW/option-agreement-botswana-gold-nickel-properties/14966683

https://twitter.com/PowerMetRes/status/1389963226067128327?s=19

"have to"? Why? On a steady state basis, ie., current production, current oil price and current expenditure then there is no need to raise further capital. It covers its outgoings and doesn't need to raise to pay day to day expenses.

Other than steady state then it might issue further shares; other than steady state would be doing a deal. But the need for capital would have to be greater than the surplus cashflow, the cash at hand and the headroom on the WAFD facility.

That then is down to how attractive any deal is. If they can get a deal similar to Caballos Creek but bigger and they need to raise some funds, I would be happy with that. Caballos Creek brought positive cashflow, reserves and some PUDs. For them to issue shares the deal would need to be bigger than say $1.5mil.

With hindsight, done at around WTI $30 and WTI now at $66.50, the Caballos Creek deal was very good business.

https://www.londonstockexchange.com/news-article/NTOG/acquisition-of-producing-assets-issue-of-shares/14672193

"The Company estimates that the assets will reach payback of the acquisition cost in less than 2 years (based on current production rate and $40 oil price)."

But until they close Tunisia, I would suggest that any other potential deal is on hold unless it really is a no-brainer.

DYOR

The production is fine, the most important thing is the oil price right now. One, it improves cashflow that can be reinvested and two, it will improve the terms of the WAFD facility and the limits.

A good determination means that NTOG has more head room to do further deals without having to issue shares. The last determination was without Caballos Creek, the Cypress well, the extra acreage at the Cypress JV and the Permian Basin farm in. Revenue and reserves are materially higher and so the WAFD facility should be materially higher. I suspect, that WAFD will want NTOG to hedge part of the production at redetermination. Looks like WTI will be knocking on the door of $70 by the time the review is done.

Another $500k on the facility means that another Caballos Creek can be done without raising equity, another $1mil means a larger deal can be done.

We should know more soon.....

I hope you are right on the 3p.

DYOR

$66.48

Suck it trolls. Good for the cashflow and the WAFD redetermination due soon.

DYOR

https://twitter.com/pauljohnson9691/status/1389880988440961024?s=19

https://www-businessinsider-com.cdn.ampproject.org/c/s/www.businessinsider.com/copper-price-outlook-commodities-supercycle-bank-of-america-2021-5?amp

https://twitter.com/Lazerblue/status/1389261189423767559?s=19

https://twitter.com/GoldPredictors/status/1389218455111405570?s=19

https://twitter.com/JunoMinerals/status/1389048834303488005?s=19

https://twitter.com/graddhybpc/status/1388831515958816768?s=19

https://twitter.com/JunoMinerals/status/1386646743014535177?s=19

Website up and running. Confirms it is now demerged.

https://www.junominerals.com.au/about-us#:~:text=Juno%20Minerals%20Limited%20is%20an,the%20Mount%20Ida%20Magnetite%20Project.

Do your research and you will understand why.

https://twitter.com/andrew_neal7/status/1387779819757314056?s=20

https://twitter.com/pauljohnson9691/status/1387772672290000898?s=20

https://www.**********.co.uk/rns/announcement/a44323c7-a6f0-4e88-80f8-4e20c83c0489/

As I said, things are happening. The company cannot put out RNSs every two minutes and it can't put out an RNS until the paperwork is correct. The company will have known for days that the two new licenses had been granted but until the official letter is received; no RNS.

So that is three bits of good news for RRR: the JUNO spin out is worth about £170k at the listing price (it is expected that this is a cheap deal and will go higher but lets see); it brings forward the triggering of the iron ore royalty payments due in respect of the Mt Ida tenements; RRAL is likely to get listed back end of June now. A lot of the work will have been done and will now need updating for the new tenements.

DYOR

$65.30

Kerching!

I would love to be paid, can you let me have details so I can put an invoice in?

xx