Member Info for Helpful

It is okay Ajaye it is just Mr Tragic failing understand, yet again.

If you want to be libelous you need to try a bit harder.

I have shares, warrants and CLNs here, all funded with my money. There is no potential loss on the CLNs. The World would have to end and all assets become worthless for that to happen.

Migori alone is worth a multiple of the capital value plus rolled up interest.

So here we are, I am sat on circa £100k gain as of today but I am the one who doesn't understand but you who lost most of your money are the one that does understand? Not sure that you have it the right way around. You got it wrong, lost your money but I should take your advice and so should everyone else? Oh and the only thing that matters is what happened ten years ago: the Migori renewals don't matter; the RRAL JV doesn't matter; the £470k in POW doesn't matter; the £2.8mil in JMS doesn't matter; the spin out of the JMS iron ore assets doesn't matter; the DRC JVs don't matter; the secular upswing in metals prices doesn't matter; the coming inflationary environment doesn't matter. All because ten years ago you and the other assorted Ex-Wives Club members got it wrong.

You got it wrong, so what? Who cares? I don't. I took a small profit on a company earlier today that was 77% up on the day; do you want me to apologise for that because you missed out on that one too? I have been taking profits on Angus, QFI, Petroteq and others, I should apologise because you missed out there?

You lost out, you got it wrong, jog on.

DYOR

As I said, if you want to remove him, buy some shares and call a GM otherwise stop wasting everyone's time.

Keep posting Tragic, every time you post it ticks up. How are we doing with the 0.4p forecast?

By posters you mean the Ex-Wives Club? Like I care, I am not the one on losses.

So you should have ousted Bell but didn't but now you are an expert and it should done this but for some reason it is my fault.

If you want to boot Bell out then what you do is buy shares and call a GM. How many shares do you have?

It looks like there is a buy order in that is being worked. A few sells going through and yet we turned blue: normally that would be mean a buy order. It might get late reported.

With a bit of luck we might get over that 1p psychological barrier.

DYOR

A few points

The 30 bopd is without bringing the shut in well back on line.
No indication of the work required on the shut in well to bring it back on line or timing
No estimate of the production from the shut in well (10 bopd will be gratefully received)
No figures for the probable reserves which would be moved to PUD once some work has been done

We will likely get more information when the deal closes over the next week.

This deal along with the Cypress drill likely gives NTOG 50/60 bopd. At $45 oil that probably takes NTOG to break even. So we could do with knowing when Cypress will have their ducks in a row and intend to drill. Cypress being a private business it will be very sensitive about what is put in the public domain and so to some extent NTOG will be restricted on what it can say.

NTOG has indicated that there are other potential farm out deals at Pine Mills.

If NTOG can pick this deal up, there is no reason to surmise it cannot pick up more similar deals.

Going into 2021 with oil heading to $55/$65 NTOG looks like it will be a materially better position.

DYOR

TheeDuke

Posted in: ARB
Posts: 732
Price: 6.32
No Opinion

RE: Bitcoin28 Aug 2020 08:34
Mental health got the better of me again guys !!!! Not selling a share just wont see me for a while - luvs ya !!!!!!!

Ahhhh Mr Tragic, I am glad to see you are still lingering and posting admin expenses from ten years ago. We could have done with your nonsense posting yesterday to tip us over 1p.....

Anyway, what happened to the 0.4p buying opportunity you have been promising everyone for weeks?

What is your price prediction for this Friday and next Friday and no you cannot pick 0.4p.

What you do you reckon to 2.5p a week on Friday?

DYOR

I know this won't penetrate thick skulls but people investing ten years ago into RRR and similar companies were investing at the end of a metals super cycle. We are now at the start of another one. Inflation is on its way and the reason why people like Warren Buffett are changing their investment stance is that they want out of financials and into physicals.

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/072920-metals-prices-set-for-super-cycle-says-adriatic-ceo-analysts-see-bullish-signs

DYOR

PO this is the problem with the Ex-Wives Club, they invested 10 years ago and want to constantly prattle on about ten years ago. I am not sorry you lost money because it was nothing to do with me. I didn't know that RRR and/or AB or you existed and I couldn't care less. The only person responsible for your loss is you.

You can prattle on about the bad old days and I will continue to concentrate on the assets, what they are worth, what it costs to monetise them, near term FCF (look it up) and the macro environment in which RRR is operating.

I am only interested in making money, in this company or another. Once I have got my price, I am out. The only time to look at it again is when trading opportunities crop up.

Instead of going on about ten years ago, why don't you enquire which country is AB in today and why is he there?

DYOR

Take a look at the three month share chart, genius.

Porridge Oats, who cares? I am here to make money, nothing more and nothing less. I have always made money on RRR and will do so again. I fully realise who Andrew Bell is and I know his strengths and weaknesses.

So unless you want to discuss some aspect of the business and assets as RRR currently is, go and bore someone else.

Nice deal. NTOG should be able to pick up similar deals going forward.

Briarbank, you sold your shares much lower, you don't get a vote. It is how it works.

He is part of the ex-Wives Club.

Nzuri Copper/Kalongwe was an analogue for Musonoi. It seems that Chengtun eventually completed the deal at the bottom of the market: great timing...

https://www.globallegalchronicle.com/chengtun-minings-a109-million-acquisition-of-nzuri-copper/

https://nzuricopper.com.au/kalongwe-copper-cobalt-project-drc/

If we can make progress in DRC, the value dwarfs Kenya and Victoria.

Our geologist reckons up to 400k tonnes of copper and 24k tonnes of cobalt at Musonoi. Copper is $6,727 per tonne and Cobalt is $33,025 per tonne. Do the maths...

DYOR

Yep I was just saying that to someone. That they are both up is probably speculation about RRAL rather than Kenya. It would be nice if news comes in on both this week.

DYOR

POW looking pretty good. Our holding there is currently about £425k.

DYOR