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Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP

Nostra Terra Share Chat (NTOG)

Share Price: 1.20Bid: 1.15Ask: 1.25Change: 0.00 (0.00%)No Movement on Nostra Terra
Spread: 0.10Spread as %: 8.70%Open: 1.20High: 1.20Low: 1.20Yesterday’s Close: 1.20

Share Discussion for Nostra Terra

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Posts: 27
Off Topic
Opinion:No Opinion
RNS today
Wed 14:38
The deal RNS’d this morning sounds good – question then arises – what does TransGlobe get for their $2.3M?

Well, they get released from any and all environmental contamination and abandonment liabilities. Fully indemnified.

They believe the write-off of a $2.3M cheque in 12 months is worth it to avoid the environmental liability exposure due in [many] years’ time….hmmm. Do they know something Matt doesn’t….I’m sure you can draw your conclusions on that. But, if past (repeated) behaviour is anything to go on, the DD done on this deal back in Q3/4-15 was ‘light-touch’ at best and that worries me – remember, it was a month after completing the deal that the relationship with the operator fell apart (disagreement over the 2016 budget - which should have been nailed on prior to doing the deal).

The risk comes from not knowing what you’re doing.

the good: the cash exposure which was due 30-Sep-17 has been avoided and NTOG (corporate) has swapped thsat for exposure to potentially significant environmental liabilities - am not convinced the operator is a renowned ‘best in class’.

Whilst typing this I got side-tracked and ended up reading BMD’s article (guerrilla investing website) which has the same broad sentiment.
Posts: 3,382
Off Topic
Opinion:No Opinion
Wed 12:43
Hope its a bit of a relief to long term holders, as for me never will i come near matt lofgran again-ever!
Best of luck
Posts: 45
RE: messenger
Wed 12:27
I'm still here because I'm sat on a huge paper loss and I want all or most of it back. In the meantime il do what I can to warn other prospective investors, not to get involved in anything with Matt Lofgrans name on it. The damage he has done to this company is unbelievable.

The paragraph below I spotted on another aim site this morning and rings true....

The corruption on aim is massive. The companies feed you a little bit of news and prospects for the future.
Then they starve you. Send you round the twist. Then slowly take all your money, bit by bit by bit.
Increasing the shares by multiples, Diluting, Diluting. Till your stakes worth Jack-shit. You got to laugh. How easy pi's like myself fall for it. Ha, Ha.
Posts: 2,597
Off Topic
Opinion:No Opinion
this is a no brainer
Wed 11:43
the directors pay
is worth more than the company
over the last few years
Posts: 291
Off Topic
Opinion:No Opinion
can sell...
Wed 11:39
for the first time in a long time! 200k at 1.23
Posts: 1,449
Off Topic
Opinion:No Opinion
Wed 08:12
Whats it worth to NTOG?

All time lows so worth a punt?
Posts: 1,986
Off Topic
Opinion:No Opinion
Wed 08:09
The repayment of the loan note seems like an exceptional deal . With Ntog's mcap only £1m there is the possibility of some very substantial upside based on this RNS alone.
Posts: 2,599
Off Topic
Opinion:No Opinion
RE: messenger
Wed 07:47
Well said Tony beats me why you aren't out of here though?
Posts: 1,904
Off Topic
Opinion:No Opinion
Wed 07:39
Finally some news!!!

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