Yeah, but this is Oil and Gas on AIM - all companies have these sorts of issues... SOU have been farming out Badile for years, EOG have been trying to drill Wressle for years; it seems to be endemic in this sector :/
I will be immensely surprised if we drill in HP this year :)
If we make an acquisition, the SP should see some action, but not too much as it will be debt financed.
The history of not delivering when the company says they will does nothing for confidence in future announcements. I believe this why some people are sceptical at whatever is hinted at and when its released. We know what the company has planned, many things have been in the pipeline for a while now. Action and results will hope fully reflect in the sp.
Investors like companies that can make relatively big moves quickly - at the moment NTOG are not quite there but in the future it might. This is why I believe the SP is flapping around at this level. LGO, SOU, RRL are all moving (up & down) and people are making money, once NTOG gets some exciting news on the go we will be back in the fold.
Our market-cap is sub 10million, that puts us in the 'high risk' category for new investors which doesn't help :/ .
ML and his team seem fairly confident - lets see what they have planned :)
Its all about patterns which keep repeating themselves. Like DD mentioned earlier if you would have traded you could have made 50% profit. Patterns remain the same hence the reason why we make no progress. Some try and swing this in their favour by posting certain things but I don't think there is any need. Those with money have already clocked onto the fact and are consistently trading this.
Dwelling on the past is not a good thing but if you would have adapted a strategy by it you would have a lot of money. I don't think anyone could argue with that. It may change in the future but what's the worst thing that can happen to those trading on patterns? They don't get a re-entry point to trade again. They would have still made money before that.
why are we perfoming so badly as if the company has no future? sefton is in a worse of position than ntog but rises on slight positive news? even with CT and HP wells am not surprised if we underperfom. Does anyone know why scepticism keep haunting ntog? YA global, Dilution etc are things of the past! whats wrong here?
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