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ETF Securities experts James Butterfill and Townsend Lansing: did you know you can go long and short on ETF's?


Nostra Terra Share Chat (NTOG)



Share Price: 1.275Bid: 1.20Ask: 1.35Change: 0.00 (0.00%)No Movement on Nostra Terra
Spread: 0.15Spread as %: 12.50%Open: 1.375High: 1.40Low: 1.25Yesterday’s Close: 1.275


Share Discussion for Nostra Terra


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Tony45
Posts: 154
Off Topic
Opinion:No Opinion
Price:1.275
RE: WTI
Thu 10:07
Look at this pos now
Down down deeper down
 
Tony45
Posts: 154
Off Topic
Opinion:No Opinion
Price:1.425
RE: WTI
Mon 16:56
NTOG progress is like watching grass grow
Slickharry
Posts: 81
Off Topic
Opinion:No Opinion
Price:1.425
WTI
14 Sep '17
Rising nicely, perfect timing for that hedge programme :)
keith1
Posts: 3,111
Off Topic
Opinion:No Opinion
Price:1.375
guidedog
13 Sep '17
your post can be to anyone,however
tell me why and of what importance it is to ntog or anyone
mystery to me copy and paste merchants
Guidedog7
Posts: 1,224
Observation
Opinion:No Opinion
Price:1.375
So you are still with us!!!
13 Sep '17
keith1
Posts: 3,111
Off Topic
Opinion:No Opinion
Price:1.425
dont look at this much nowadays
11 Sep '17
i see the 50 to 1 consolidation worked wonders though
in keeping the directors in luxury
still the odd meaningless deal,now and then to hold interest
and still no result for shareholders
and interesting enough a lot of newbies still think this may take off
well it will it will take off your investment but
thats what aim is mostly about
thisnthat
Posts: 260
Observation
Opinion:No Opinion
Price:1.425
RE: HNR
9 Sep '17
Your a clown happyholder123
People look at all his posts, he's spamming ever board posting the exact same crap,
People like that should be permanently banned.
IreneKrapp
Posts: 329
Off Topic
Opinion:No Opinion
Price:1.425
RE: Tony
9 Sep '17
okenia

Yes that makes some sense about the skills mix. Of course you could just widen the debate to any company, what qualifications should a CEO have, not just for O&G firms.

What's amusing is I see CEOs themselves use this both ways. If they have direct industry relevant schooling they boast of having it, and say how useful it will be.

iI they don't they state that this enables them to be impartial and cast an unbiased pair of eyes on the business and have new ideas ... blah blah

Btw, If actually Lofgran had made ntog profitable I would have conceded the "10 year running an OG firm qualification" to you as meaningful.

However right now Lofgran's only O&G claim is "I have 10 years running a loss making company, getting it no where near to profitability, and which wont be profitable any time soon"
okenia
Posts: 8,883
Off Topic
Opinion:No Opinion
Price:1.425
RE: Tony
9 Sep '17
Glad that made you smile :)

There's an interesting question about what qualifications an AIM CEO needs at the helm of a natural resources company. A lot of them don't have geotechnical qualifications - although you do want a CTO to have them. Think David Archer (SAV, barrister) Paul Johnson (accountant), Gervaise Heddle (ditto finance person) etc etc. In fact having a geo in charge of a company can be an utter disaster as they just use it as a vehicle to let them drive around the countryside doing their favourite hobby of chipping rocks (SRES) without much drive or idea as to structure corporate deals and commercial success.

In extremis you get the entrepreneur types who specialise in setting up and running multiple companies often in unconnected sectors (Aidan Bishop of Bluebird and BigDish, mining and restaurant tech, and the bloke that heads up Ironveld).

There's a good argument then that for the CEO (a opposed to the tech team) you need someone with sufficient familiarity with the sector to be able to hold a conversation with their CTO, but actually the primary job is much more generic - running a listed company, negotiating deals, using legal action where necessary, controlling cashflow etc etc etc. In fact I'd probably put my top three requirements for what a CEO does (other than basic listed co housekeeping) as: identifying opportunities and striking good deals opportunistically and aggressively; having an eye to the big picture of cashflow and sweating that one; and stock promotion / investor relations so as to manage the cost of capital sensibly. Many companies miss the middle one because the board get a fat salary and assume they can get paid that from repeated placings.

In Lofgran's case he has shown recently the ability to pull off some decent deals (e.g. the Pine Mills heist). He claims that he's focussed on sweating the cashflow - a claim that will be tested in my mind by the upcoming interims. Where he's least strong in those three is IR and stock promotion, the website is minimal and the underpinning 'big picture' strategy (eg the Permian 'towels on the sun lounger' trick aka held by production) really isn't being explained in sufficient words of one syllable to meet the needs of the AIM investor base - esp compared to the clear story other peer companies are able to give. He's not a natural interviewee and promoter sadly. (Someone posted recently that they'd heard an interview with him and though he sounded downbeat, whereas I thought he was more enthusiastic than usual - which shows the perception people coming cold to the company get). One might suggest it would be worthwhile adding another NED to the board who can do some of the IR while Lofgran sweats the deals and stuff.
IreneKrapp
Posts: 329
Off Topic
Opinion:No Opinion
Price:1.425
RE: Tony
8 Sep '17
okenia, thanks for the laughs.




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