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Very good. RRAL can now start talking Turkey with third parties.

12 licenses is too much for one vehicle: expect more than one deal.

DYOR

IMHO

NTOG needs 3 things: WTI back towards $50 by year end; they Cypress drill successfully done; either one of the other farm ins executed and/or another transaction similar to the current one.

If they get all three then NTOG will go into 2021 in a very good position and will likely be profitable at the PLC level.

Washington Federal won't let them use that bank facility to buy assets but will let them refinance once the asset has been acquired and proved up.

If NTOG can keep access to the finance deal that they used for the recent deal, that might three small deals a year on its own.

Much better to keep doing these smaller deals, adding in 30/50 bopd on each transaction with some drilling upside than betting the house on one big drill.

DYOR

Try reading again,

The consideration for exercise of the Option would be the issue upon the execution of documentation to transfer the interest in the Assets ("Transfer") of €250,000 of new Red Rock shares at an issue price equal to the prior 5 day average VWAP;

Execution of the documentation....... That can take a little while.

https://www.livemint.com/market/commodities/copper-prices-near-2-year-high-as-chinese-factory-output-accelerates/amp-11600164513300.html?__twitter_impression=true

Some people have a life. Nothing much to be said. We are waiting on some news. No point in constantly repeating the same inane drivel.

Next we want some news on Cypress, the two farm in targets and any further deals.

DYOR

https://www.newswire.ca/news-releases/fosterville-south-reports-multiple-high-grade-gold-assays-from-core-drilling-program-at-golden-mountain-and-applies-for-5-120-metre-drill-permit-at-lauriston-project-812317049.html

https://twitter.com/kirillklip/status/1305778281728401408?s=19

RRAL has 12 license applications in Victoria.

Holding the price down artificially. On the offer at 1.17p but won't quote on NMS. Next offer is 1.2p.

Interesting...

The market under-valuing mining assets..

https://www.proactiveinvestors.co.uk/companies/news/929101/is-glencore-ripe-for-an-mbo-an-investment-bank-has-run-the-numbers-929101.html

DYOR

https://twitter.com/andrew_neal7/status/1305784015321018368?s=19

Note spin outs: plural...

I expect we will keep some, list one set on TSX and do a deal on the other set. We should hear something soon.

DYOR

In auction. Should come back higher.

Looking very good. A decent piece of news takes this to 1.5p+

https://twitter.com/StockBoxMedia/status/1305469013644980224?s=20

see re JV in Victoria and people interested in doing deals.

Neighbours.....

We surround Creswick on three sides.

https://www.lse.co.uk/rns/ECR/business-operations-update-ui3mp6k8389un14.html

RNS re Silver from POW

Our shares and warrants look to be worth decent money here..

https://www.lse.co.uk/rns/POW/canadian-silver-project-option-exercised-9qh0k4ud40xjv8n.html

I would agree and I don't do the technical analysis/chartist stuff but some people do. 1.4p will look pretty good but still only 3.4 x Tragic's promised 0.4p. No doubt he will be on later telling us the admin costs from 2012 or trying explain how the CLNs work and getting it wrong.

Anyone who sold off the back of his scaremongering should pick it up with him.

We look to be heading north again shortly.

Zak Mir's thing is interesting. He reckons 0.9p is the new support and 1.4p is the new target price.

Non-stop.

Morning Tragic, how has your day been so far? Looks like we might get over 1p shortly.