Member Info for Morningsun

Sardy, I can't ignore someone accusing of a criminal offence on a public board and I have not.
MS

C99 what a load of nonsense you are spouting there that the discussion here is bordering on a criminal offence is outrageous and offensive.
Anything I have written stands any scrutiny on such claim.
It's very telling that you feel you have to resort to such idiocy just because you cannot substantiate the claims you are making.
Sad individual you are.

C99, isn't that the exact argument that TT is making. The fact that the CPR had been cancelled (CPIs were very clear though) and the drill is needed to get further details, to complete it, combined with that newage has a lot of knowledge about the reservoir and they do know there is oil in the AAOG block, is for him the reason the likes of newage could be preparing a bid because if they wait they might lose it or have to put up a lot more. That holds just as much water as your arguments against it.

In the end, I would be very surprised if ANYONE would be able to produce ANY evidence of an upcoming takeover. It's in no-ones interest apart from AAOG shareholders.
That shareholders are not willing to pay 3p for shares currently is totally irrelevant. You are not implying that the average shareholder knows as much as newage about what is down there and how the process with the gov runs are you? Totally different set of information and I'm sure you know that too.

The fact you don't find his arguments palatable doesn't make them any less valid than yours does it now. It certainly doesn't explain why you get so stuck in on the subject.
Anyway, time will tell.
MS

C99, I don't see TT stating this as a fact. He is very clearly convinced this is a real possibility and I have to say he brings compelling arguments.
Nobody on here is going to take anyone's view as gospel and if they did they should get their head examined.
However, I don't see you bringing the arguments why he is wrong either. Well, apart from saying that he is wrong. Whether newage will buy AAOG or not is at the very least a very good option to discuss. TT brings the pros, if you think differently then bring the cons maybe?
But if you just don't like this share, and I'm sure there are enough reasons why one would not like it, why do you spend so much time on it?
MS

Excellent map TT. Good to be reminded.
Is there a similar map from the Wing Wah block on the land side of the AAOG block?
MS

Same for you CB, I trust you misread my post. I'm not saying at this time. But WHEN NC decide to develop AND takeout GGP, as you said they won't have the money to pay their share of the development, then and only then will GGP have all the choice they need because basically an investor is then investing in NC without having to pay for the SP of NC
MS

If that is directed at me apple the you misread my post.
What I meant in response to the CB post is that should GGP have to fund their part of the development cost for the mine, the 25 to 30%, I am sure there are many options to choose from when required and I don't even mean from the mining industry.
MS

CB, if it is the case that NC do decide to try and buy GGP out, that would only be on the basis of knowing that there is a substantial amount of gold to mine.
By the same token, GGP could get easily funded from third party sources on the basis of these results, JV with TR1 miner, top jurisdiction, etc. How hard do you think that is. There is sooo much money trying to find an investment that GH would literally be swamped with offers.

MS

See, YL, I'm not really holding for an offer. I'm holding this share for the dividends really. Long term that is where I think the value is.
MS

YL, I have been seeing the same process for about a year now. Quite a few times I have been tempted but too afraid to be out when this takes off, and take off it will.

So I have resigned to forgoing the small profits of trading the wave for being in on the tsunami.

Choices, choices....

MS

Aandi, by all means keep digging, no pun intended.
When they go further out they tend to drill at a very low angle to the surface back toward where the centre is. We saw that quite a few times now. Good practice as one wants to hit mineralisation, but for size of plot it does limited favour.

The step outs drilled are valuable depending on how they have been drilled, hence my post earlier this week stating that I would love them to have gone back into 5, 1 and maybe another one that was on PG's 3D view..
Verticals make all the difference...
MS

Indeed Tiburn, we have been saying that ever since the issues with Iran in the Str of Hormuz started.
However, we will actually have to agree the license terms, book the rig and drill that well to make profit from these tensions.
I'll say it again, the longer AAOG fiddles on with the negotiations the longer it takes for us to start producing and thus to make profit from oil sales.
Penny wise pound foolish.
Pull your finger out JB.
MS

Tuck, it is good news. However, it does nothing for the required investment. We still need to sort that out, regardless of whether we have future contractec 11 mio or 13 mio tonnes.
We can run all kinds of theories here from the Qataris agreeing to this deal for an upfront payment of at cost product to sovereign investments funds.
In the end we don't know and only the actual investment news will make any change to the SP long term.
MS

How long has it been there Kentan?

Looking at the NC September presentation that should be HAD002, HAD003 and HAD 001 or 004.
Guess we will find out in two weeks whether they have gone back into these.
Or maybe someone with contacts on the ground knows.
MS

PG, looking at this again on a larger screen it becomes very obvious that the two drill holes close to the Z axis on the Z-E view on the left of the screen and the one that sits behind to the right have to be deepened. Very likely to find the extension of the deeper mineralisation shown on the deeper drills.
Very exciting.
MS

Great work PG. Good to see results visualised.
Also clearly shows where new drills need to be.
MS

BTB there is a lot of 'could' in that part.
Not saying it won't but no definite either.

Page 9 in their 'application of our growth stratrgy' section.

MS

Well C99, I do see that different. I don't think you can actually grant anyone any license when one is still in force. That makes no sense to me whatsoever. You have a license or you don't. So you can agree the terms and agree that you WILL grant a(n) (extension to a) license, but granting one now for me is a contradiction in terms.

As for the value, I too see that different. AAOG proved up the field so far as in there is oil there. They also hold the license and the gov have gone into writing that they will extend that license/grant a new 25 vear license term. Plus the assets on the ground are AAOG's (until SNPC pay their full share that is).

So, these two together will create the value to third parties. What that value is I don't know, but that there is a value that is clear. SNPC cannot sell that to anyone else as they would shoot themselves in the foot massively as I outlined earlier. Much better for them to sit back and pocket the 44% they have of the revenue of oil production or from a direct sale by AAOG/SNPC.

MS

GMCC. Exactly! Thanks for proper clarification.
MS