Member Info for Helpful

https://twitter.com/RRR_RedRock/status/1345908163434872832?s=19

Interesting, a little cryptic.

PS I don't know but I take that "major" to be Glencore..

https://www.northernminer.com/editorial/demand-for-energy-metals-will-be-massive-glencore-ceo-says/1003826505/

Doing a deal with Glencore will be very difficult. AB does know them because they have the two mines next Musonoi (which used to be part of Musonoi) and they had dealings via JMS and the potential sale of Tshipi about three years ago.

DYOR

The mismatch is between what the market wants and what the assets are;

Mining assets typically take a long time to bring into production but the market wants quick hits or near term income. He has to keep doing deals to give the market what it wants.

In the past, this was relatively easy: a mining junior would do a bit of work on an asset and then sell it on to someone larger. They would bank some cash, keep a position and retain a royalty. That model has been more difficult in recent years but looks to have changed in the last six months or so.

Another issue is what AB sees as his and RRR's strengths, which he calls putting the jigsaw together. What that means is that he gets involved in complicated situations where he thinks he has a competitive advantage. He thinks his advantages are his legal background, his deal structuring and his ability to speak French.

To be fair to him he has delivered in 2020 but there is still a lot to be done. There is no doubt that RRR is undervalued and in my view that is down to two things: AB's and RRR's track record and the complexity of the RRR asset portfolio.

RRR currently has five deals that will deliver potentially upside near term: Musonoi, Migori, RRAL, Adidi Kanga and the JMS Iron ore spin out.

In my view the one that will likely give us a left field upside is Musonoi. Musonoi is a mining license rather than an exploration license. AB has confirmed that a major is talking to RRR re a "DRC asset", I take that to be Musonoi. The key is the JORC: he has said that he has commissioned the JORC but we don't know what work is outstanding and time scale to complete the JORC. About 18 months ago, he said he was on with the JORC and needed to send quarter core samples away for analysis by labs outside DRC but then the VUP issues put everything on hold. So..... do we still need the quarter cores analysing, have they been sent for analysis etc.

The analogue for Musonoi is the Nzuri Copper deal: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/chengtun-mining-subsidiary-s-takeover-of-congo-focused-nzuri-copper-takes-effect-57528590

DYOR

The remarkable thing is that there is a set of these people on each bulletin board. The same arguments, the same insults, the same abuse.

What they have at core is what is called Cognitive Dissonance. They say that management is useless and the company is valued accordingly but then won't accept that the assets are undervalued.

What would these assets be valued at if a different company owned them? If it is exactly the same then ML and NTOG hae no effect on valuation. If it is less then the assets are undervalued. I see no point in buying assets that are fully valued. Ideally, we should want to invest into undervalued assets and then sell when they are over-valued.

RRR is a good example: exactly the same sort of drivel on that board but they could have bought at 0.16/0.18p in March 20 and the year high in December was 1.18p. However, according to the trolls all the way along, anyone buying was stupid and wasting their money. Weylandtulani, the big hitter investor, was going on about how RRR has a poor investment, same with Attis/HE1 etc. The same myopic view: they think that what happened last year or the year before or ten years ago determines what should happen now.

NTOG was struggling in March time, partly because of Mr Turney. But what was the reality in March 20 is not the reality in Jan 21. The oil price is going north of $50 in 2021 and there is no shortage of demand as the economies recover.

DYOR

You really do like to misrepresent stuff, don't you?

No one is saying that ML is the messiah and so you are attacking people using a false argument as usual. You lost money, you got it wrong, so what?

I have made money on NTOG and will make more. It won't make any difference how much you come on here misrepresenting things or ****ging people off.

2021 will be a good year for NTOG, I expect I will be selling my 0.25p shares at between 0.5p and 0.75p. I will then exercise my 0.35p warrants and sell them north of 1p. All the while you will be on here abusing people, misleading people and misrepresenting what is happening on the ground.

ML doesn't need to be the Messiah for investors to make money in 2021, he just needs to do his day job and ride the upswing in oil prices.

I expect that NTOG will get a lot of the warrants exercised during January/February.

DYOR

The amount outstanding to Washington Federal won't get repaid, there is no intention to do so. The amount outstanding to Ewan Ainsworth will probably get repaid by the issuing of shares in due course.

The Washington Federal facility is recalculated every six months but can be recalculated on request by the company. It is a standard part of the working capital and cheap money. If anything the company will look to grow that facility. It is much better for the shareholders if the company funds expansion via the facility rather than issuing shares. NTOG can add the production from Caballos Creek and the Cypress Permian Basin drill to facility in due course.

DYOR

We knew why they had to do a fund raise, they had to make payments to Kansai and potentially redeem the CLNs.

DYOR

Titan, don't mislead people. You know that 67 bopd didn't include production NTOG had switched off which has now been switched back on. Nor does it include Caballos Creek or the Permian Basin farm in or the Cypress drill.

DYOR

"A further DRC copper project with a good address and with a producing neighbour from the same structure, where we have applied for a direct grant, awaits finalisation" Obviously forgot to mention that though he has referred to it in interviews. "Finalisation" sounds like he thinks we have got it subject paperwork.

DYOR

Are you still bleating on because you invested £3k and you are down?

https://twitter.com/john_lichfield/status/1344232433185656833?s=19

AGM has not been called. The last one was in January 2020.

Looks like we are about to move up again.

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201230:nRSd0506Ka&default-theme=true

Anyone seen Mr Tragic around?

I would be interested in his views on the CLN conversions. I would also like him to update us on his 0.4p prediction; it looks like he is going to miss that one!!

https://twitter.com/TaviCosta/status/1341933445832962053?s=20

https://twitter.com/TaviCosta/status/1341933445832962053?s=20

https://twitter.com/BazLogicUK/status/1343506083248283648?s=20

Fingers crossed!

https://twitter.com/DavidBurton1971/status/1343132192722067456?s=19

https://twitter.com/DavidBurton1971/status/1343132192722067456?s=19

Very good interview.

https://twitter.com/PowerMetRes/status/1342058690875162627?s=20