Member Info for Helpful

https://m.investing.com/news/commodities-news/citi-says-its-only-a-matter-of-time-before-gold-hits-a-record-2233657

https://www.dailymail.co.uk/news/article-8445421/Huge-gold-nugget-buried-secret-location-Australia.html

https://twitter.com/RRR_RedRock/status/1285114778302783488?s=20

Worth a read. Confirms the Migori JV, that DRC is ongoing etc.

And what might the terms of a Migori JV be?

DYOR

https://twitter.com/SpotlightMining/status/1283401432788541443?s=19

*DRC

Still live. No fights in or out and lockdown till at least 21/07

https://www.universalweather.com/blog/coronavirus-covid-19-impact-on-business-aviation-in-the-middle-east-and-africa/

https://www.youtube.com/watch?v=AJrERlEL2cA&feature=youtu.be

Worth a listen.

DYOR

It is a closed ended fund. The investors get to redeem once a year. The fund has no choice, it has to meet the redemptions. The only out would be if the new investment monies coming in matched the redemption but I don't think that is likely at this time.

DYOR

https://twitter.com/RRR_RedRock/status/1283774688401985537?s=20

The technical report was signed off by Oreteck Mining Solutions

https://www.oreteck.com/

Nice update.

Well email him. I have spoken to him about it and he is quite happy to discuss it.

Permits run out of date. There is no point in getting the permits unless you intend to drill pretty soon.

As to Miton, I have confirmed it is exactly as I said. Miton have a closed ended fund. The investors get a once a year opportunity to redeem: 20% ticked the box to redeem. The redemption is across the board. And no this is not inside information.

DYOR

https://twitter.com/VNS_Global/status/1283315672974589952?s=20

He has told you; Cypress is next and then possibly two further farm outs.

Nothing will happen on Mesquite below $55/$60 oil. It is just not financially viable.

Fine Titan, I will leave you to it.

Nothing will happen on Mesquite. It is a horizontal drill into a tight formation that needs fracking. In the current price environment there is just no point in progressing it.

https://www.londonstockexchange.com/news-article/NTOG/ps1-15-million-placing-to-develop-mesquite/13982784

I never liked Mesquite it was always a mistake in my view.

DYOR

Look Titan, if you want to believe that then fine but it is not the case.

The Cypress deal always had a six month long stop in it and it was extended because of the COVID shut down.

The process is that Cypress needs to get a title report done before they apply for the permits. Doing a drill title report is a big job and expensive. https://mineralrightspodcast.com/mrp-10-how-to-perform-a-title-search/
Cypress are not going to start drilling till they have the drilling title report back. It costs around $25k.

Keep an eye on the RRR database, once the permit application goes in then you know it is on the way.

DYOR

Weyland, because they have been doing the same elsewhere and ML is not involved there.

The statement about ML is called the particular case and what Miton are doing is the general case. They are reducing positions across the board where they can. Why would they reduce now when looks like oil is going to $50 and Cypress are about to drill? The sensible trade would be to wait for $50 and sell in once drilling starts: if you can.

Miton are getting lots of redemptions, they need to produce cash to meet the redemptions..

DYOR

Ok, I will play. Lets pretend you are a real investor and interested in discussing things.

I was responding to the comment that Miton was "dumping" stock and therefore it said a lot about Miton's confidence in NTOG and ML.

My point is that Miton is indiscriminately getting rid of lots of positions and therefore the sale was nothing to do with Miton having a view on NTOG or ML, one way or another. There was an opportunity to reduce its position and it took it.

My "investment strategy", such as it is , is not influenced by Miton or anyone else. I sold some at 0.42p having invested at 0.25p. I have only ever made money on NTOG and when I am out, I reckon that I will have done quite well overall. I fully anticipate going back in at a later date.

$50 oil is coming and with the Cypress drill coming up NTOG should do quite well. Saudi has confirmed earlier that it will not be increasing supply in August and so the $50 is nailed on.

https://twitter.com/Amena__Bakr/status/1283006437690683397?s=20

Cypress will know this just as well as me. I expect that they will be drilling in August (nb expect doesn't mean know).

People need to calm down re ML. If you don't like him, sell and move on. The object of investing is to make money, nothing else.

For the record as I have said several times and I have said to ML: the Mesquite adventure was a mistake from start to finish. He should have just concentrated on Pine Mills. I have always liked Pine Mills, the Permian Basin assets less so.

DYOR

Good news on PG: so it would moved up a lot more on Friday if hadn't bee selling.

RNS from POW that addresses their assets including the forward plan for Victoria. NB RRR has shares and warrants in POW as well as 50.1% of the JV.

https://www.londonstockexchange.com/news-article/POW/strategic-operational-and-financial-update/14613753

Interesting update from Thor. It can be used as a read across for Migori.

DYOR

$6,554

https://markets.businessinsider.com/commodities/copper-price

How about Miton are clearing the deck all over the place and have been doing so for a while. Them getting rid of NTOG stock doesn't say much about NTOG or ML one way or another. Why not just do the basics and check stuff out?

Letting personal invective get in the way is not a rational way to invest.