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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Nu-oil & Gas Share Chat (NUOG)



Share Price: 0.205Bid: 0.20Ask: 0.21Change: 0.00 (0.00%)No Movement on Nu-oil & Gas
Spread: 0.01Spread as %: 5.00%Open: 0.24High: 0.00Low: 0.00Yesterday’s Close: 0.205


Share Discussion for Nu-oil & Gas


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1cagney
Posts: 307
Opinion:No Opinion
Price:0.205
RE: Future placings
Today 00:19
Starbuck, call a spade a spade. the 6 month chart has gone from .094 to .02.
 
Sharelock
Posts: 1,989
Opinion:No Opinion
Price:0.205
RE: 35%
Tue 23:46
Working capital placing isn’t the only reason this could be necessary. If you are looking to acquire the other half of a JV for shares would require appropriate authority. I think it’s possible that we may see this happen with or after a deal. I refer to the section in the rns where it says nuog, MFDevCo and subs need ability to raise capital, and the hint that investment in MFDevCo is key to the revised authority. As pointed out so close to nominal value publishing this now for a further dilution of 290m shares would be a waste of time, they would have surely done a share consolidation today if they expected to place at this level.

“If the consideration for the acquisition is going to be satisfied in full or part by shares in the AIM company, the AIM company will need to ensure that it has the necessary directors' authorities and disapplication of pre-emption rights to allot and issue such shares “

Some other good snippets in this link too....

https://uk.practicallaw.thomsonreuters.com/w-006-9109?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1#co_anchor_a955292
garyn
Posts: 37,374
Opinion:No Opinion
Price:0.205
RE: 35%
Tue 21:39
I found it a bit strange that they even mentioned a specific amount of money - most cos just seek authority to issue an additional number of shares and no one tends to pay much attention to what that means in terms of nominal value!
SecretBlueprint
Posts: 991
Opinion:No Opinion
Price:0.205
RE: 35%
Tue 21:15
Garyn

Precisely correct. The risk of that outcome will likely get priced in over the coming days.
garyn
Posts: 37,374
Opinion:No Opinion
Price:0.205
RE: 35%
Tue 20:53
I read the nominal amount as most likely being all that they can actually say that they could raise - in the absence of knowing the price that any future rise may be at. I didn’t take it as any sort of indication that the placing would occur at that price - very dangerous if you do have to raise at nominal value as if the SP goes lower then you are unable to raise unless you go through a consolidation to take the price back above nominal value (shares can not be issued at below par value)
Starbuck911
Posts: 98
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 20:38
There is still some light in the tunnel.

You have to remember why you invested in any shares you hold.

There is sometimes bumps in the road. Yes there has been a RNS today , but until the meeting we don't know what the plans are.

It could be that simply they want the right to issue new shares like they say. Every company that is listed on AIM has to have this option. It's unfortunate that the market isn't backing their latest efforts, has seen by the low share price .

Things could change in the future. Only last week the petrofac announcement was made. You have to give it time .

Investing can be a lonely place sometimes. Especially when confidence is low.

Over the last few months I've noticed quite some unbalanced posts. This is usually when pressure is being felt by investors. Their thought process goes irrational. It's times like that we all need to step back and think of other things away from shares. Shares shouldn't be that important to you that it takes over your entire life . ..
warrantwatcher
Posts: 1,516
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 19:53
BM, I only invested in here a small % of my overall PF, I leave the majority to be managed by a professional. I can see why when I look at the returns he is getting for me.

There are many sides to the markets, Also I have learnt to identify the patterns that I believe those holding a CFD position take as opposed to a true Share Holder ( some might disagree on the terminology ) but it really is quite interesting to look at how some of the characters on the boards hop around.

The issue here is 2 fold, 1 those previously privy to direct contact with Alan and the constant feeding of fables that are taken in good faith and regurgitated around social media etc, I have seen these with my own eyes so know full well what Alan has said then denied saying, that along with the people that are approached to take part in a placing that decline but use that information to their advantage is what gives them an environment for them to prosper & that is what has gone on all to the detriment of the lowly PI's.
Bestmate
Posts: 1,049
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 19:38
WW, glad the nuog experience has given you clarity on how ruthless this market can be, and how to avoid similar pitfalls; they can simply wipe the rug as and when they want. One of the biggest jokes here though is the so called relieving Insiders of their esteemed status; clearly those in the know are playing the game. I’m not selling any, as no point in taking the hit just in case SPV and other catalysts can move this forward. I’ve nothing against balance, and let’s face it with Nuog any good news is a bonus, but the noise from the usual suspects here is deafening.. literally as I gave them all on filter
SecretBlueprint
Posts: 991
Opinion:No Opinion
Price:0.205
RE: 35%
Tue 19:36
Garyn

There is only one director who owns any shares, the NED Frank Jackson who has 2 million.

To suggest that Frank's shares are the directors' aggregate holding is a bit rich.

As for nominal share price 0.1p, I agree, but the RNS quoted a nominal amount of money for 35%.dilution, and that is what we can expect, a 50% discount from todays price.
warrantwatcher
Posts: 1,516
Opinion:No Opinion
Price:0.205
RE: 35%
Tue 19:32
Gary - that is the biggest alarm bell for me, I would love to know the real reason why they are not partaking to a more reasonable extent ?

Clearly Minty has a way of benefiting from the whole scenario but until they align the BOD's mechanism to benefit with Shareholders capital risk it is a big red flag to invest further for me
garyn
Posts: 37,374
Opinion:No Opinion
Price:0.205
RE: 35%
Tue 19:22
I think you’re missing the fact that they mention that as a nominal value - nominal value of each share is 0.1p. That doesn’t mean that they are raising funds at that price (when they raised at 1.2p, or whatever it was, the nominal value was still 0.1p then). What I do think is taking the pee though is that they mention a beneficial interest between the directors of 2 million shares - that is about £4K worth of skin in the game between them all!)
mintedbynuog
Posts: 11
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 19:15
Wobwat - i would have thought the implication of today is quite obvious.

If they announce a deal and the share price rises to 2p, don't buy because they are about to dilute you at 1p.

Adjust the prices to your own taste, but the dilution is now nailed on.

Useless s***
warrantwatcher
Posts: 1,516
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 18:59
Thanks BM, what it's also taught me is the vermin that descend on these boards & the pathetic keyboard warriors who when you meet them don't have the cajones to have a robust conversation and discuss any difference of opinion in a mature manner. I have also met a couple of really decent fellow long term holders that can discuss things pragmatically and accept a different view.

Like I said in the last 2 months I have reflected on the journey here & I understand the mistakes that I have made & how to avoid them again, applying those lessons means I am starting to see a strong recovery in my overall PF.

It's quite liberating to switch off to the pathetic carry ons surrounding NUOG on a daily basis.
WOBWAT
Posts: 3,240
Premium Chat Member
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 18:54
What’s the general consensus on how today’s news could affect the SP should a deal land before the agm?
Bestmate
Posts: 1,049
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 18:50
Warrant watcher.. I think sadly you have pretty much summarised the last 18 months history here quite well. Optimistically still waiting for hopes of a deal to cross the line; question is how much more dilution by then and how long the crawl back to break even ( unless of course deal announced pre agm and placing at sensible odds from here ) anything possible in the AIM casino.
Nowt Nu.. bore off and carry on learning from someone who’s ****ged this company off non stop since doing his case here
warrantwatcher
Posts: 1,516
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 18:39
I think that you have to look at why the events played out at the AGM as they did.

At the time the LT share holders didn't trust Minty to move the company forward, create share holder value and complete a deal while the company wanted the ability to raise at will. The general sentiment was one of varying views on the complex structure with the likes of MFDEVCO & Minty's various consultancy businesses.

The line in Garyn's last post about them " trying to be too good for their own good " really resinates to me, and it sums up Minty's approach to the company & Share holders, the only people benefiting are those taking a salary monthly.

Now all that has happened is that Share Holders are backed into a corner with no alternative to let them carry on, and have blind faith that they will manage to close a deal, but once again they have shown themselves to be what I would call incompetent in negotiating.

My whole time invested in NUOG has been a massive lesson for me in the real down & dirty tricks by the likes of Minty - who personally I feel is nothing more than a egotistical, manipulative, pathological liar. There are people that post on here & on twitter that he has fed complete lies to on many occasions that he should be held accountable for, but as they say this is the Wild West of the market.

The root cause of all of this is that Minty & co have failed to deliver anything of tangible value let alone the empty promises they've been making for god knows how long. I find myself now numb to NUOG with an investment worth a pittance from its peak but with no other option than to hold and see what transpires, but with very little real interest anymore. Other than the fact that I really do hope that Minty and the rest of his merry men do in someway feel the pain that shareholders have over the journey we've been on, especially for the ones that had their life savings wiped out at the last crash in price.
SecretBlueprint
Posts: 991
Opinion:No Opinion
Price:0.205
35%
Tue 18:30
Forgive me for challenging the numbers, because Seadog always told me my maths were bad, BUT.....approximation suffices for me.

35% of shares in issue is around 500 million shares , yes?

So to raise around £ 500,000 for 35 % share issue as per the published EGM resolution, the placing would be at around 0.1p , no?

And people sell at 0.2p, what a surprise.
mintedbynuog
Posts: 11
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 18:01
Well push, someone is going to get "minted" by the shower of s*** we call a BOD.

Will it be shareholders, shorters or just "that family"?

They have till the GM, otherwise there will be "blood on the floor" i expect.
Push2
Posts: 93
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 17:44
mintedbynuog

Did you create that name as with a serious dose of humour ??

Scalpedbynuog is far more the reality.

Is this still alive ?? they still making MOU's & other such value meaningless agreements... hmmmmm
timbo237
Posts: 622
Opinion:No Opinion
Price:0.205
RE: Bestmate: over to you 'fella'
Tue 17:33
Overheated? It's been pouring with rain all day here!
NowtNu
Posts: 106
Opinion:No Opinion
Price:0.205
RE: Bestmate: over to you 'fella'
Tue 16:58
Well fact is Bestfella Nudog knew more than you and more quickly.

You and your little 4 tick lemmings must be getting overheated by the fine weather we are having today. Either that or you are getting far too over-excited by #excitingtimes2 ??

Either way its been clear that this has been a red sell for sometime. Still here is another quote from Advfn "another desperate and bitter holder of the golden tickets".

SBP has actually posted more sense in one or two sentences than Ive ever read from you. Still he can speak himself if he wants to.

You have a lovely relaxing evening dreaming of that imminent deal thats about to land, or is it 2, 3, 4? So so many. Just look at the last decade of non-delivery.

Cheers
Bestmate
Posts: 1,049
Opinion:No Opinion
Price:0.205
RE: Bestmate: over to you 'fella'
Tue 16:20
Yes nowtnu, I did see the rns in real-time. My comment was to our resident information distorter SBP who appears to have a doctorate in manipulation. So don’t lose your place in the lemmings queue for not being able to decipher a simple message. Anyone who needs to quote from nudog needs more than the recommended dose
Starbuck911
Posts: 98
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 15:42
Fair comment.

Removal of the resolution is the right thing to do.

I have been skeptical on the theory that nuog will be funded on any mfdevco deal . For reasons stated previously.

If there was a deal removal of the resolution proves that they won't be funded on any deal . Having the power to raise off the back of it seems likely...
mintedbynuog
Posts: 11
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 15:38
"depending on how good the deal is it might be a case of they are stupid not to place"

What a stupid thing to say, a good deal should produce revenue to prevent the need to further dilute LTH.

Bloody sick of the uninvested BOD treating us like mugs, especially "Daddy's boy"

Only pass the resolution if Damian goes.
Sharelock
Posts: 1,989
Opinion:No Opinion
Price:0.205
RE: Future placings
Tue 15:32
I believe there is a strong possibility the SPV upfront payment could take care of cash flow.....
failing that a raise at a much higher price

i dont beleive they need the funds to complete a deal.... i believe they expect to land a deal that adds significant value. whether they need or choose to place at that point i dont know, and this rns does not absolutley confirm that. depending on how good the deal is it might be a case of they are stupid not to place




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