Member Info for MineralMagnet

Https://x.com/i/status/2039680437853778216

dissapointing news this morning for sure but i guess thats always the risk with explorers. pw was very confident this would come in, i recall him saying that their partner was very risk averse so i am very surprised this is a duster. i'd like to know why it was chosen as a site and why they were confident in it and why it didn't work.

last weeks placing although it ****ed me off at the time (long term holder here) actually now does seem like good management behaviour. say they waited and then after this news they would need to raise with much more dilution. i wonder now if those funds 'earmarked for btc mining' will now go towards fouke 4. i also suspect the bigger players like oak and pm were perhaps given a small head up as to the real reason for the raise. pm are strong supporters though so i'm sure they are still holding.

bad news today but they are cashed up so lets see what pw intends to do next.

Anyone caught the StockBox podcast with Gervais Williams? He’s seeing 3-5x potential and he sees Paul as very credible. Worth a listen! [https://youtu.be/9RqF0YPcxaE]

Its in the interims today. Its only for £68,343.16. The reason is apparently because Lofgran broke the terms of his contract. He was always a joker and he's tryong to have another laugh here. Not concerning imo

Looks like the site has been chosen and spudding of Fouke 3 to happen in weeks: https://youtube.com/shorts/IELn2tVOfek?feature=share

I see the company published an article on their BTC policy & plans on LinkedIn - https://www.linkedin.com/posts/buccaneer-energy-plc_buce-bitcoin-profitability-activity-7376197395875012609-nRA0?utm_source=share&utm_medium=member_desktop&rcm=ACoAAA25o0EBC-79OfnyXyptBnWIS6Uo5vGIuoA

Must be news due on the drilling of new Fouke well soon, end of the month only a few days away now

Wow in print and front page in tomorows paper

https://www.tomorrowspapers.co.uk/financial-times-front-page-2025-06-30/

NASDAQ uplisting is on track for Sept/Oct. Hewie said on interview today, they're finalizing the prospectus next week in NY. "Everyone's loving the idea of this London Bitcoin Company IPOing on the NASDAQ." BULLISH IMO

Still off the radar of many. Hewie interview yesterday stating that they are in an arms race and will continue to raise as much as possible to buy as much bitcoin & start looking at bitcoin bonds

Https://youtu.be/VpvRMka1KBA

Key points for me:

Fouke-1 and 2 have been doing 100 barrels/day flat for almost a year. Paul said: “No decline — that’s incredible.” That kind of steady output suggests a much bigger reservoir, which makes Fouke-3 (and possibly Fouke-4) a big deal.

If Fouke-3 hits, they’re planning enhanced recovery, which could double the reserves.

They’re already free cash flow positive, and the interviewer estimated around $1.5M–$2M a year in free cash flow, even before Fouke-3 comes online. Paul agrees.

Fouke-3, production gets to 215 barrels/day, and longer term, Paul said: “We need to get this company to 5,000 barrels a day… that’s the target.”

I’m buying more at these prices and feeling very bullish on this.

Premier Miton are no fools. Sure they have plenty of other assets and NTOG is probably a very small % but as he said in a recent interview - its not play money, non of it is - he also said - 2, 3, 4, 5x is perfectly reasonable and realistic and he likes companies moving from pre-cash to cash. Follow the money

Great answers and I agree with everything apart from your FCF numbers. I think based on the netbacks of $48,60 from their presentation which was at $75 WTI we can take $7 off that now with WTI at $67 so netbacks are $41 or so. With 90 bopd thats $3,600 /day & 110,700 /month.

This should rise to 150 bopd meaning $6k /day & 182k / month or $2.22M /year

This should be achieved in next couple of months I reckon

Current market cap is £1.58m, but here’s why I think its undervalued:

Now: $100k/month net profit ($1.2m/year) and $10m asset NPV (£7.9m) per the bank. With $4m debt (£3.16m), fair value could be £3m–£5m based on earnings (5–10x P/E) and assets.

New Well: Costs $1m, but NTOG’s 33% JV stake means they fund $330k (£260k), likely via equity. Post-well, profits double to $200k/month ($2.4m/year). After debt and slight dilution, value could hit £6m–£10m.

Market’s at £1.58m, but fundamentals and upside suggest £3m–£5m today, £6m–£10m if the well delivers. Thoughts?

nice to see this moving up. just my back of *** packet calculations but happy to be corrected. based on recnet rns and interviews i work out fouke is doing around 70 bopd at a cost of $2pb. pine mills doing 50 bopd at $30pb. fouke revenue = $4,900 per day, netback = $4,760 per day. pm revenue = $3,500, netback = $2,000. total netbacks = $6,760 daily. monthly = $202,800. per year = $2,433,600.

now we'd need to see other costs including wages etc but for a junior explorer on aim to be cashflow positive and profitable by nearly $2.5m per year for a market cap of just over $1m is crazy low imo. gervais williams doesn't back rubbish, he said he looks for companies moving from pre-cash to revenue which is exactly what ntog have done.

next op update i want to see a break down of aisc plus news on further workovers and increase in bopd plus potential drilling of new wells. come on pw make 2025 a transformational year for ntog.

Ntog gets a mention: https://youtu.be/HWajfndalQg

https://x.com/StockBoxMedia/status/1858963515194614162

Yep past is the past, was not good under ML but he's gone now, placing done at terrible discount but its done now. I'll judge Paul on his performance. Absolute rock bottom market cap, well below even shell value so a great opportunity here and I'll be watching Paul closely to see if he deliveres on his promises.

A fund raise is quite likley but thats why companies list on the market, especially miners who have no income streams. NTOG at least will use funds raised to generate an income I just hope the terms are good i.e. not massivly discounted and then its chocks away to give this new BOD chance to do what they say they will.

This looks completely off the radar at the moment with that RNS stating $3 billion worth of metals in the ground, Metals One's current market valuation is only £3 million. PEA will be a key inflection point imo

Good lengthy podcast with PW, I give him the benefit of the doubt. He inherited a s**t show but he's saying the right things and says he'll be judged by doing what he says he will, returning to positive cashflow. I'm backing Paul for now

This is the issue when you have all your eggs in one basket, totally reliant on met coal prices, CEO did ok out of it though and seemed to want to build for shareholders https://www.youtube.com/watch?v=XQd4BIIhUKc