Have not check here for long time. But I remember you were writing the same at least 3 years ago. Yes, you are right. Luckly I am out long time ago at 0.25 p old money which should be like 12p now. I hope you are out too. GL mate
EMBUDU if you don't like it get out You're in a high risk business and when the chips and the oil price is down its the SP that goes down after all all we do is have a punt in the hope of making money, hardly working for a living.
Sentiment in oil/gas improves as price recovers. After the severe double dip of 2015 Brent/Texas crude is on the way up. Long may it continue. All the OPEC (thought we'd heard the last of those crooks) politicking isn't necessarily the reason, supplies are naturally low due to the production cutbacks and its not always possible to just turn the taps on again. Takes time and money.
So shorterm the outlook is good for tiddlers such as NTOG as long as they don't go 't*ts before the benefits come through. Long may it last GLA
That I just looked at results and it appears the company makes their review through the asset they just sold... Meaning they will burn this cash quicker regardless of net amount after paying lawyers, debt, tax and stamp duty.
Looks fair value here so no point buying as will need to raise again near term
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