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Worth a listen.

https://t.co/H4PATbJxSY

It may take a while for the penny to drop but these assets are top notch. At Musonoi, the license goes up to the boundary with KOV.

These really are top quality assets. It probably needs some proper mining analysts to look at it and confirm what AB is saying.

DYOR

Really well done. It has been a bit of a wait but worth it. The type of assets that a serious mining business would own. The penny will drop over the next few days as people realise just how much these assets are worth: totally out of line with the market capitalisation.

https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKCN1N01MR

https://youtu.be/sVxkWfXU5dc

It is about to get ruined a lot more.

https://twitter.com/WrightmanAIM/status/1065149181906616320

Missed this:

https://www.bloomberg.com/press-releases/2018-11-15/para-signs-agreement-for-contract-mining-at-gold-road-mine

First gold February 2019. Slight delay.

DYOR

Maybe but it can't: Eddie, Paolo and CW are insiders in MYN and therefore Deloro cannot trade in MYN shares; buy, sell or transfer. Deloro can't trade until the Strategic Review is published when PA and CW will cease to be insiders or maybe not even then depending on what the SR says.

That is not my view.

The way it works is as follows:

If you want to control a company you buy it's shares or enough of them till you have control. Never heard of someone controlling a company with practically no shares.

For anyone who wants to control Mayan you have a bargain basement price: fill your boots time I would have thought.

The drop is to be expected given that we have not had the review. Further the market generally is weak and WTI is off.

I have not sold. Quite happy to sit and wait.

DYOR

If this is a dead horse stop flogging it.

1. There is value in Steelmin and it cost RRR nothing. Any return greater than nothing is a good return. I think it will be a very substantial return in due course.
2. Shoats Creek was a minimal investment.
3. A few thousand from royalties is now small beer and not notifiable.
4. Accounts will be out soon.

Keep your pecker up.

So it looks like the November 2018 0.84p warrants have expired unexercised.

A good time to come out with news, IMHO. We can't be too far off them confirming things on DRC, Migori and Steelmin.

Notice it mentions acquisitions, that means more lease acreage. No point in having 300 years of supply locked up, it can only mean that they either intend the current plant to produce a lot more than 1,000 bopd or they intend to have more plants.

At some point with greater acreage, transportation costs and transportation time it makes sense to have more than one plant. The attraction of expanding the current plant makes that the first choice. I have no idea how much they could expand capacity at the current site.

Now they have the first one volume plant up and running, they will have learned a lot of lessons and should be able to do the second one at a fraction of the cost of the first one.

DYOR

The size of the plant is critical to how much of the oil reserves can be moved to P1 status. If I remember rightly, after 30 days production they can move 25 years production at that level to P1. Sealock commented on it in one of his interviews.

So if the current plant can do north of 1,000 bopd they can move X to P1 but if they can increase the output to 5,000 bopd then the quantum moving to P1 goes to 5X

At 1,000 bopd P1 becomes 9.125mil barrels. @ $15 in the ground is $136.875,000
At 5,000 bopd P1 becomes 45.625mil barrels. @ $15 in the ground is $684,375,000.

So with a 5,000 bopd plant about half the resource at AR gets moved to P1 and so you would need 10,000 bopd to move all of it to P1.

Interesting numbers!

DYOR

Fantastic news!

No I just think that would be a decent price. Most people recently invested would be at break even or in profit.

Things can change quickly with small caps. It wouldn't take much to get this to 0.9p. Hopefully, FH is sorted. If they can get FH and ZR producing the SP will move.

DYOR

0.9p would be nice.

https://www.bloomberg.com/amp/news/articles/2018-11-06/africa-enjoys-oil-boom-as-drilling-spreads-across-the-continent?__twitter_impression=true

Only what is in the RNSs.

My point is that if there is gas there, which the company and the Roke Quad Probe said there was, then it is now worth a lot more.

In the short term, ie., today: it is a big day for FH and then we should have PQE shortly.

If it were me, I would try to do a deal with whoever is on the other side of the court case even at this late stage. In the US it is common practice to waste each others' time only to do a deal on the court steps.

DYOR

Quoting for £5.60 in stock.

https://twitter.com/AndrewBRRR/status/1059469194255876098

Up 7%, makes Stockdale more attractive. NG now $3.50, hugely different from $1.40 March 2017.