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Just read this. So as thought, it looks like the front end grinders and augers were to address the centrifuges getting blocked with higher volume throughput.

The grinders were to make the particles smaller on entering the system and the augurs to move the output (a bit like an Archimedian Screw). What I can't see is why they would put that video out and make a fuss about it if you don't know that the upgrades are working. The video implies that the plant is up and running but the RNS says not.

Does this mean that they are implementing more upgrades over and above the front end grinders, augurs and up-rated boiler?

Sealock looks to have let us down here. I understand he has been living and sleeping on site for the last three months.

DYOR

PS I can't see that they would put this RNS out unless NASDAQ was close.It is like a cleansing RNS.

https://www.mining.com/copper-price-surges-as-supply-worries-return/

I don't think that you will get that sort of precise commitment whilst PA is chairman.

The reason I don't answer to you and the other trolls is that you are on filter and have been for a long time. In your case, mainly for being boring. Occasionally, I log out and see what nonsense has been posted and guess what? I am right it is nonsense.

Colin 100 I don't know you and I don't care who you are. I post on here stuff relevant to Red Rock and the metals it is invested in. I have no interest in explaining anything to you now or in the future. Whether the posts are relevant or not, whether the information is useful or not is for you to decide. Anyone looking for advice pro or con on here needs to reconsider their life.

As it happens if you were a genuine investor and wanted to discuss things then I might respond but my experience is that you are not.

If you can't work out why the McArthur Minerals posts are relevant to RRR then you either need to do some research or give up investing.

As I said on a previous post: if the economics work for Moonshine/Lake Giles then they work for Mount Ida/Mount Mason.

As I always say and it is a good idea, DYOR (Do Your Own Research).

https://twitter.com/AfricanBattery/status/1140529647236583425

Looks like they are getting ready for NASDAQ

Not previously seen this.

https://s1.q4cdn.com/460208960/files/News/2019/Zacks_SCR_Research_06112019_PQEFF_Ralston.pdf

There was a later RNS: the deal was redone so we now have 100% but we have given up an ORRI plus we have the Montsanko SWD well.

https://twitter.com/zenithenergyltd/status/1140956532064116736?s=19

https://twitter.com/zenithenergyltd/status/1140955573200068608?s=19

https://www.bloomberg.com/press-releases/2019-06-17/macarthur-files-technical-report-for-lake-giles-iron-ore-project

Market likes it.

DYOR

Trading halt: usually means that some news is on its way. If the economics work for McArthur Minerals then they work for JMS and the Yilgarn.

https://www.bloomberg.com/press-releases/2019-06-17/iiroc-trading-halt-mms

DYOR

PS

I saw a blog earlier about smaller oil & gas companies; it commented on a few including AOGL. It said that not much was happening and that it was still stripper wells and minimal production.

At the same time it was lauding companies like UJO and RBD. I think the West Newton result is great but the reality is that UJO has minimal income. Our assets are nothing like WN but we don't have to spend $50mil to prove them up and bring them into production. We have cashflow, excluding capex we are cashflow positive and in my view profitable. There are not many O&G companies on AIM that can say that.

All to play for here and it is looking a lot better. What we now need to to is gradually improve the assets by working them and rotating them whilst still maintaining cashflows and not over-committing the company.

I expect we will be able to look at RBL in July/August.

We could do with another asset with some existing production and a lot of potential upside with cheap drilling: probably funded by selling the 5 Austin wells or RBL.

DYOR

*focus on running the company rather than all the sundry background rubbish.

No, not inside at the moment.

I speak to CW and PA fairly often. They have their own views on the way forward. I think TB will become increasingly influential and have suggested it would be a good idea for him to do an interview so that investors can get a measure of him. I am quite happy about where we are up to: it is a pity that things were delayed by the weather but these things happen.

You must remember that BODs are reluctant to talk too much about forward plans until they are baked in and the NOMADs are restrictive about what can be said. Given the history of promises and no delivery here, the BOD wants to under-promise and over-deliver. If you read all the RNSs and do a bit of background reading you can see it all pulling together. There are still a few issues that need sorting, like FH but at least the BOD is able to focus on running the company and all the sundry background rubbish we had a while back.

It will be interesting to see the sub-surface survey results in a few weeks.

DYOR

I think the vision has been set out and quite clearly in steps:

Get us to profitability: I think we are there now. I think revenue for June will be somewhere around $220,000 increasing over July and August. Lower than might be expected but oil prices are a bit lower; so higher production but lower prices.

Fully develop the assets we have using farm-ins: I think a little while for this.

Acquire more assets on favourable terms: there are lots of assets to be had with production, workover potential and new drill opportunities in the market size $500k to $2mil.

Rotate in and out of assets as they are fully developed: wells can be sold for around $25k per flowing barrel in the US. The 5 Austin wells cost $500k. Lets suppose that we end up spending $180k on them: total cost $680k. At 100 bopd that asset is worth circa $2.5mil.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AOGL/13765307.html

I met with TB last December and it was clear that he favours new drills over doing lots of work on smaller, older wells. So once our cashflow is sorted, we are profitable and the balance sheet is strong, I expect he will want to do some new drills. There is plenty of scope for new drills at ZR and FW and some scope at Austin.

DYOR

Attis shows up on IG and will let you trade.

The original nameplate capacity was intended to be 1,000 bopd. The process has been changed since it was originally started: it may be that they can more than 1,000 bopd through it in due course but that would be the first big achievement.

The trick is to gradually increase the throughput and keep it in a steady state. If you keep pushing it, eventually you will get a blockage. The augers are new and the shaker beds are new. The heater is bigger and I think so are the centrifuges.

1,000 bopd will be just fine but 1,300 would be better. To get a bigger plant you need more feed trains and centrifuges.

Variously, the next plant should be 5,000, 6,000 or 10,000 bopd. No reason why they can't put multiple trains on one site: though whether you want just one production site with multiple trains but long feedstock transportation times and costs or multiple sites closer to 10 years of feedstock for each train is an operational research decision.

DYOR

https://twitter.com/RRR_RedRock/status/1139131389457027073

What I meant was that it was ridiculous that it has taken so long. The rig was a serious bit of kit to shift.

Operations are obviously not Cattaneo's thing.