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Northcote Share Chat (NCT)



Share Price: 0.0275Bid: 0.025Ask: 0.03Change: 0.00 (0.00%)No Movement on Northcote
Spread: 0.005Spread as %: 20.00%Open: 0.0275High: 0.0275Low: 0.0275Yesterday’s Close: 0.0275


Share Discussion for Northcote


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Helpful
Posts: 3,219
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.0275
RE: If NCT survive;
Wed 21:27
Check out what Panoro said today. I summarised what they said earlier. WTI is at $50. The Aje oil sells at a premium. Jonny Hon hasn't got involved to own 5% and be messed around. He thinks Aje is a serious asset. By the time phase 2 is done oil will be well north of $50. The questions are; will MXO hold Aje and can it fund it's share of phase 2.
 
Stuy
Posts: 435
Premium Chat Member
Observation
Opinion:Strong Buy
Price:0.0275
RE: If NCT survive;
Wed 20:40
MrMagic.. Good post... Sometimes the truth hurts.. I hope MXO go on to do well and we, NCT get our warrants away..The 2p ones anyway.
In the future, I hope Randy stops doing these discounted placings, infact all AIM listed Co's should be banned from doing so.. Or perhaps a limit of discount.. Most recently ADL, I can probably go on to mention dozens more..
Nevertheless, NCT, RC has the funds now and apart from our RP, we shall see what other deals - value comes through.. Certainly got to have patience with this share..
MrMagic
Posts: 8,834
Observation
Opinion:No Opinion
Price:0.0275
RE: If NCT survive;
Wed 19:50
"I anticipate he will continue to accumulate. If he can buy at sub 1p and on a two year view can see 8p/10p I can understand why."

This is typical AIM tomfoolery. Touting huge future SP targets for a company that has to do discounted placings to fund itself. On a two year view, the number of shares in issue here will likely have increased very dramatically in my view. That's what "death spiral financing" does, it requires you add ever more shares to keep funding the same amount. Paid broker reports make similar nonsense claims about future SP targets all the time. Those targets never ever appear because the broker report always fails to take into account the huge increase in shares AIM companies will suffer in their future projections.

It's like trying to promote what the price of a bottle of milk will be in 2 years time without taking into account any natural inflation.

The game has changed here. The last 2 placings change everything imo. They were imo a statement from the company that they are prepared to undercut existing holders by issuing cheap discounted shares to funders.
peterz123
Posts: 86
Off Topic
Opinion:No Opinion
Price:0.0275
RE: If NCT survive;
Wed 17:16
Fink - one thing you have got right is that I am disappointed with the sp and significantly out of pocket.

What I can't understand is why you are concerned. You state and reiterate the same message. I have heard it and thank you for your concern. Time for you to sell up and leave or stay. That is your choice.
peckhamrye1
Posts: 664
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.0275
View Thread (2)
Totally lost here now
Wed 17:13
Has billy graham joined this bb
Helpful
Posts: 3,219
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.0275
RE: If NCT survive;
Wed 16:18
I wasn't sure if it was £5mil or $5mil and couldn't be bothered checking. Bottom line is that it is not a lot for the upside that phase 2 gives the Aje investors. I don't think the Nigerian company will be in the picture anymore but Deeko did say something interesting: he said that MXO might let them pay for all or part of phase 2 and take some of it. It hadn't occurred to me that MXO might just do a farm in for a particular phase but in principal I see no reason why not. Now that would be an elegant solution to phase two. However, it looks to me that Aje will be a very attractive asset when they come out with the new CPR, an update about the gas and the Ogo extension. I can see some of the larger companies might want a slice: Lek Oil for instance would make a good partner since they are already in the block that owns Ogo. Anything that gets those warrants into the money is to be welcomed.

It does seem that Panoro thinks that the production at Aje in the current phase will be greater than 11,000 bopd. Regardless of any permit issues to do with increases in production I think the equipment in place has a physical limit of circa 14,000 bopd. DYOR
finkpal
Posts: 333
Answer
Opinion:Strong Sell
Price:0.0275
RE: Mexico
Wed 16:01
Bro whatever happened at any time it be always over and there is too late to change anything.
The future are in your hand’s;
Follow this man as you can learn much more;
https://www.youtube.com/watch?v=jDPC5wWMp2Y
orslega
Posts: 12,656
Off Topic
Opinion:No Opinion
Price:0.0275
View Thread (2)
Mexico
Wed 15:53
Guess what I just came across, a new NCT blog, all things Mexico - links back to the main blog; someone has put some serious effort into this. Well done!

https://mexicoresearch.wordpress.com/home/
orslega
Posts: 12,656
Off Topic
Opinion:No Opinion
Price:0.0275
RE: If NCT survive;
Wed 15:43
Helpful - I have some extra jam for today re your post. Quite quiet without that filter on, lol

1. MXO agreed a $18M deal for Aje, so there's extra $2M (and a hell of a lot more if the Nigerians get anywhere close to getting a look in now, which I very much doubt)

2. Aje Phase 2 has been roughly costed at $5M not £5M; there's another $2+M; even more reason to keep. Not forgetting the gas - Nigeria desperately needs gas.

(podcast 479, at 4min 20 sec Nigel M covers the $5M http://www.sharepickers.com/mx-oil-ceo-stefan-olivier/ )
finkpal
Posts: 333
Answer
Opinion:Strong Sell
Price:0.0275
RE: If NCT survive;
Wed 15:29
Bro; Where are the Rome and where are the Crimea either both were held by Genoa on these silk route.
You are talking about Nigeria but I said it clearly if NCT survive, then Mexico be as perfect as CEO mention it. Then for sure I will change my opinion to strong buy.
Way shall lie to my self’s then. As investor I’m not a charity company. If the Bankers can act as cold as razor blade, then why I shall have remorse.




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