Member Info for Helpful

One of the advisers messed up the paperwork to AIM. Should be okay today at some point.

https://twitter.com/BabakTaghvaee/status/1139073740803858432?s=19

Just in time for the NASDAQ listing!

Ok.
That now looks to me that they have sorted the process.

DYOR

https://vimeo.com/341690341

https://twitter.com/TaviCosta/status/1138476464951554048?s=19

12 months in a year. One month is nice but we want it over 12 months.

The Attis BB is now live. Couple if RNSs over there.

PA getting bullish about being profitable......

So JMS has agreed to mine the barrier between itself and the next door mine. Extremely efficient mining, this should give a one off boost to revenues and dividends.

DYOR

https://twitter.com/RRR_RedRock/status/1138109907809579011?s=19

Looks like it is broken again, symptoms:

MYN blue
MYN up 16.67%
Buyers paying over the ask.

Wazzup!

1. Have you looked at Elephant Oil and what UOG have said about farming in?
2. Do you know where we are up to with Migori? Do you know where are up to with the Migori JV AB has promised?
3. Do you know how far we are on with producing the JORC report for Musonoi?
4. Do know how far down the road JMS is with farming down its iron ore interests
5. 4 is relevant to the JMS SP and to RRR's royalty on Mount Ida and the stage payments that are owed.
6. Do you know where Para is up to with its production at El Limon and if RRR intends to sell its holdings in Para?
7. 6 is relevant to RRR's royalty from El Limon.
8. Do you know what RRR's plans are for its five/six DRC licenses other than Musonoi?
9. Do you know what is happening on the Ivory Coast licenses?
10. There are others.

DYOR

No idea about share consolidation and in my opinion that sort of thing doesn't matter.

If you read the RNS the clues are in there;

the geologist is looking at workover potential (I think for BHP, deepenings, missed intervals and, not likely, possibly sidetracks. Additionally, she is looking at new drill targets.

On the back of that the company is looking at farm outs.

So, IMHO, the timescale might look like this:

End June 150 boepd net to Mayan/Attis
CPR August, start the permitting process for new drills
Farm outs for new drills at ZR and FW September/October time.
New drills October/November/December (maybe 4)

In the meantime, I expect that they will pick up some operatorships on other wells.

I also expect them to sell the Austin Chalk wells once they are fully refurbished and value has been maximised.

On the back of that you might see 0.9p/1p. A lot of variables there, including the oil price. As with all these things, it is all up in the air, all you can do is do your reseach and take a view.

We were at 0.9p not so long ago with just hot air.

DYOR

PS the gas price should start its seasonal upswing in two months.

If you work through the figures, you will see that they are slightly over $190k revenue for May. Not received but on its way. Terms can be 30 to 90 days. If I remember rightly, income from gas can be 90 days. So although they have sales, the revenue is only just starting now. They are probably on track for getting paid on April sales about now.

The operations income of course will come in on a monthly basis subject to normal invoicing.

I make it that they should be $200k to $220k for June.

If the management is now bedded down, we could do with them picking up some more operational contracts. Another $25k/$50k pm from operations would be helpful.

The last bit about the geologist, " re-entry, new drill and farm-out data" reads well. If we can get a few new drills funded via th US PI market that would be great, we would also pick up the operator income and fees.

I think we are looking pretty good. I would prefer WTI at $70 but that premium for the Austin oil is a god-send.

PS
DYOR

A couple of important bits:

The progress is not a one off, it is part of a process and will continue.

They have a forward plan: those farm ins into the US PI market will make us some serious money.

Fingers crossed!

https://twitter.com/tfondas1/status/1136556279839809539

Q1 19 royalty about $17,470: projected Q4 19 about $75,800.

AB currently in Kenya: I wonder what he is doing there?

DYOR

https://www.miningweekly.com/article/manganese-poised-to-make-its-mark-as-ev-metal-2019-06-05/rep_id:3650

3 years to do the work.