and this price could look very cheap,with a tiny mkt cap and very little in free float could be a very good bargain.
Director sell £20k
probably Kyle Appleby caused drop today. Simple as that. Read last rns on equity issue, all becomes clear. Just cashing in his fee.
50K Buy order
@5p cannot get it filled
23 Feb '15
repetition and conjecture...
bring something new to the table then maybe i will give you some credit for originality , but until then you are just spewing the same old tripe we've been fed for the last 12 months....or longer in my case...yes there are investments ongoing...but its been a long time with no news, and the SP reflects the **** poor PI sentiment. i don't i say i speak for everyone...far from it...but i bet i'm not the only one fed up of no RNS with any substance....who is running this ship? is it the captain of the concordia?
20 Feb '15
RE: Tiny mkt cap
mkt cap now 670k worth a lot more guys wait for the corporate update which is due,Consolodation was at 16p so a big rise coming imho.
20 Feb '15
Tiny mkt cap
Northland Capital Mercom Oil Sands We look forward to corporate updates on progress with the investments. Finals Market Cap: £0.9m; Current Price: 8.6p From yesterday: Finals to 31st March General and admin expense and Adj. LBT were £480k against £2m and £2.1m in the prior year. An exceptional item of £214k was recognised that related to the settlement with Nordic Petroleum ASA. Net cash and cash equivalents at the end of the period were £1.4m (H113: £1.4m) with trade and receivables of a £607k (H113: £506k) largely relating to a refundable deposit on a gas contract. Post period end on the 29th May, the company announced investments of £768k in line with its updated investment policy (as at 28th February). A total of £400k was invested in a 30% interest in Lion Natural Resources that holds an interest in two prospects in Sierra Leone and Kenya. Lion is seeking to advance a near term alluvial gold project. There was £300k invested in a 35% interest in NWT Coal, an unquoted Vietnamese coal company with estimated (non-JORC) resource target of 90mt where the operator plans to achieve JORC resource status. There was also a modest investment of £68k in a convertible debenture into Maverick Petroleum which operates oil interests in Chad. On 16th July the company announced the 50:1 capital reorganisation. NORTHLAND CAPITAL PARTNERS VIEW: FY14 results to March have largely been superseded by events post period when the company implemented its investment strategy. Mercom spent £768k adding material assets in coal and oil and gas elevating it from a shell to an investment company. The diverse investments bring exposure to coal, oil, and gold in Asia and Africa. The coal assets under NWT are potentially sizeable and the advancement to JORC offers potential for value uplift. It is hoped these can be developed to commerciality within a relatively quick timescale, given existing infrastructure and access to transportation. The investment in Lion Natural Resources brings exposure to alluvial gold. Alluvial gold production can difficult to predict but, if Lion’s estimates are correct, this could provide a useful near-term source of cash flow. The investment in Maverick Petroleum is modest but the company has exposure to near term development upside in Chad. We look forward to corporate updates on progress with the investments.
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