Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Stuy, re advfn, you are so right......a while back some of the posters from here, including Noli who set the NCT board up, got some serious abuse. Anything goes, absolutely zero supervisor by advfn. Not looked in for a long while but all they used to is **** each other off with non stop foul language. Hope they stay put - in fact, they are not here because LSE will bar them pdq. The only thing good about adfvn is the facility to hold important data and links in the header - LSE could learn something from that; saves much time for quick referencing, except now there is the NCT blog I guess for that.
" IMO this is going to come good and if it takes a bit longer than expected, then so be it.. " Therein lies the rub though. The longer it takes for any real value to emerge the more at risk your holding is to the next placing/dilution. It seems obvious to me that someone "in the know" as you put it, has been bailing out for the past few weeks. Thus it seems obvious to me what is coming, esp given the plethora of rumours being spread here by the "usual suspects" and the relentless sound bites. Here again are just some of the trades shown as sells from late June: 20m @ 0.0263p 33m @ 0.0265p 33m @ 0.027p 5.0m @ 0.027p 2.0m @ 0.027p 8.7m @ 0.0283p 7.4m @ 0.027p 10.6m @ 0.0277p 4.9m @ 0.029p 20,180,852 @ 0.026p 15,000,000 @ 0.025p 22,287,036 @ 0.025p 15,000,000 @ 0.026p and yesterday 20m @ 0.028p 4m @ 0.027p Yes, for every sell there must be a buy and good luck to those who bought, but yesterday's RNS is imo a clear warning of a funding requirement up to $450,000.
As much as some on here are intelligent.. Lol, most of us tbc.., specific dates are difficult to ascertain.. When RC say days, that means weeks.. Nevertheless, a rounded view from obvious 'in the know' posters do go that extra mile for information - research.. BigT Ors Helpful etc.. IMO this is going to come good and if it takes a bit longer than expected, then so be it.. (Not too long though :-)) Re ADVN thread on NCT.. It's full of unresearched, bitter, skint, unprofessional spotty college boys! It's a good laugh though if you look in.,I also believe it's not supervised.. But that's why some negative, sad derampers quote from it and post it on here.. White noise comes to mind :-) I believe we should get Company changing news next week... If I say that every week, it may come true Hehe!!
I heard a comment on this board I would like someone to answer a question. I wouldn't take the ASK price at these levels. How does an investor get the desired price of a Bid and Ask between 0.027 and 0.03. If I want to get shares can I quote a price between the 0.027 and 0.03. So lets say 0.028 or 0.027 and hope someone will sell there shares to me at my asking price.
Well if our more intelligent posters on here ( and think we know who they are) are on the money........next week may well be start of the formal rerate - Just probably wouldn't want to be out this over the weekend! Even if having to pay the ask.....! GLA.
topping up, 5M, why would someone pay full ask just now.....?
has been very small these last few weeks, good to see today a sea of blue, but even then, still only £7K worth...what I have noticed in the last week or so is that the market makers have been very happy to take 20-40M shares without going to NT, so that tells me that they ain't holding much stock or they have decent buyers lined up... ...this points to a current situation where most are sitting on hands or adding a few, nothing else of any significance share volume wise to get excited about....transformational news might just change all that; imo
Seems a poster on ADVFN board has also noticed someone bailing: Caledoniaman1 - 29th July "somebody is offloading big time and as usual being helped by the scum mm's ! AIMVHO" http://uk.advfn.com/cmn/fbb/thread.php3?id=33786227 Worth following ADVFN for differing viewpoints to the standard ramping here imo. You have to put up with a fair bit of language and poor taste at times but you get more realistic views.
Helpful, indeed; they also never told us about the various workovers until after the event......do we note a change in management style, maybe the element of surprise is the way forward : )
I have looked in MX media to see if there is any local commentary on the Remediation Plant but I can't see anything. I suspect that given the fuss when they announced it and the ground-breaking ceremony, that they will want to something similar and formally open it. If they do then the local big wigs will want to be involved. It could be it is now done and we are awaiting a formal opening ceremony.
Orslega - "The bottom line is that he has managed to keep NCT alive in what has been a very very difficult climate" Keeping a loss making company alive whilst continuing to extract significant remunerations for key management and diluting shareholders massively is not a trait to be proud of. The same pathetic rhetoric was said of Andrew Bell who has presided over a loss making company, whilst happily taking plenty of salary and whilst diluting shareholders to oblivion. Your sound bites get worse and worse. I recommend readers concentrate solely on the RNSs and actuals and ignore the endless "jam tomorrow" flim flam being spewed here on an hourly basis. What income/revenue does NCT have vs its regular expenses and outgoings? What did the Final Results recently posted show? How will NCT fund its continuing obligations and future projects? How likely is a share consolidation at this point? How will the (<)$450,000 costs announced yesterday be funded? Stick to the facts and DYOR imo.
I could probably write a book on RC sound bites.. But that's a good one.. True :-) "As RC always stated "a rising tide lifts all ships"
Agree on that.. But the Company now comes first (Sorry RC).. I believe a new and complete overview has already been completed, hence LM14 - gas and work over program.. (Still to be announced).. So much going on Mexico - Off shore, RP and I also hope we continue to have strong connections in Mexico re JV's ;-)) Back to basics and for what I see, a new ethos on Northcote.. Also moving on from RC, we need a new name, a new start..and all this being from a superb platform now!.. I also believe when this transition is complete, we should see much more clearly where new BOD taking us.. Also hoping timelines and shareholders are kept clearer up to date.. It's been a long time since I have had such a good feeling about this share and all coming to fruition in the near term.. dyor
Stuy - great overview, I can concur with much of what you say. The bottom line is that he has managed to keep NCT alive in what has been a very very difficult climate - many companies would (and have) simply fallen by the wayside in this situation but RC kept the company alive with his ability to cut deals where others would have surely failed. Yes there have been mistakes along the way but we are still here. As I said yesterday I believe this transition has been worked on for quite a few months - even RC recognises that there comes a point no matter what you achieve in "looking forward" there is "too much baggage" and it takes a realistic CEO then to make that decision to step aside in favour of someone else - someone else who has huge sector respect/achievement to take the company's building blocks to the next level. Firstly and foremost RC is for me a deal maker, whatever you think of him he has put NCT in a position today to launch many business streams. And very serious business streams you would not associate with an AIM toddler just that is not apparent. But to capitalise on those foundations he recognises the requirement for a new leader; this is not just about a change in CEO, but I believe a new board of some substance. Now why would such individuals want to be associated with a micro-cap like NCT? That is the obvious part for me, they see massive potential in terms of the NCT platform today. Let's see what transpires (next week I think?) and then debate. I suspect to see a sea change in the sentiment, imo
What it was, was info about potential future gas flow but without any "actuals", only test results. As has been pointed out, the test results for LM#20 proved to be massively over-inflated compared to actual production rate. Equally, the presence of gas has been known for ages. In fact we were informed that gas was having to be flared off earlier this year. So the markets already know about gas. They've now been told that there is potentially more gas at LM#14, which is great, but until they get some concrete numbers why would you expect them to react ? Especially when that same RNS comes with a "fundraise" health warning !
Yes, RC is still there, whether he is control is another matter, I suspect not as the Chairman has commented in the last two RNSs. Part of the transition imo He is still fielding shareholders questions where he is able to comment.
Stuy - "Yesterday's RNS was a cracking RNS, but we still went down -8%!" So it clearly wasn't a cracking RNS after all. What it was, was a
Lot's of nonsense being posted imo. Yesterday's RNS gave a clear warning of a funding requirement. No point trying to water that down. It is what it is. NCT recently performed 2 placings in March and April. In early March the SP was trading around 0.06p and then started sliding downward towards 0.0475p, the SP the day before the first placing. Some people could not understand what was happening. One poster called Glib said: "NCT seem to be doing all the right things, but not getting any credit for it" Perhaps the "smart money" was moving out in anticipation of a fundraise, who knows? When the first placing was announced on 23rd March it was for GBP 450,000 and the 1.4 billion shares were issued at 0.0315p which represented a 33% discount to the prevailing SP of 0.0475p the day before. Quite a discount ! It would be shortly followed up by another massive placing in April of 1.5 billion shares again at 0.0315p to raise a further GBP 500.000. This is massive dilution which imo serves only to destroy the value of existing shareholders investments. When you then read in the end of year Final Results that key management total remuneration was $808,000 last year and that $4.3m went on "Other Administrative Expenses" it must seem intensely frustrating to holders watching the share price being eroded. None of this is suggestive that NCT does not have future potential. Far from it. There are tangible future revenues from oil and gas clearly, but the moral or lesson that I personally derive from these kind of situations is that investing early for such future potential in companies that are ready and willing to undermine shareholders with massive discounted placings, is some what of a mugs game. You tend to lose significant value in your holding from the dilution and then you need that future potential or more just to get you back to break even point. It just isn't worth it imo, a total mugs game. I say, let the company first deliver the goods, establish revenue that can cover its expenditures (esp salaries and admin) and then look at the future potential. Each to their own though and always DYOR.
anyone had any sort of communication with Randy over the last 2 weeks ?? I just wondered when it was last confirmed that he was actually still in control....
Over the past year or so, I would like to think I have a fairly good rappour going with Randy.. through email and phone... Although congenial, he can be selective in his email replies.. :-) Including myself, there's been quite a few on here commenting on possibility of RC's departure. IMO it's not if, but when, and I think that announcement will come next week.., Its fairly clear 'Fast Eddie' will be taking over as CEO and bringing in some big oil & gas names onto the team..(Only my opinion).. Yesterday's RNS was a cracking RNS, but we still went down -8%! I believe if we had rebranding,.. dumping the name Northcote and having Eddie' as CEO, we would have easily gone +20% IMO it's the NCT name and RC holding us back from moving up on good news.. (This may actually be one of the reasons RC's deciding to step down?) There's so many ppl out there who have lost thousands here and hate the Northcote name..hence yesterday's selling on news.. Let's be honest, Northcote is seen as a complete dog' share! However, IMO... Not for long.. A transformational period is about to begin and our small tiddly Northcote won't be small for very long.. I like Randy, but he's got to go.. And I think he knows this too.. IMO Reading between the lines, a transition is near complete.. All of this is based on my own research and I am being careful what I can and cannot post here based on LSE posting rules.. I believe I can post here that there is something quite big coming for us at Northcote.. RC hasn't said anything specifically, only that what's going on will be very good for 'the company' and 'shareholders'.. Reading into what he has said,. I do believe he's very upbeat and excited for Northcote's future.. and quite rightly so! I know Randy does like his sound bites, but 'rocket fuel' seems to be the latest.. :-)) I'm wondering if he's thinking of that rumoured Mexico JV? 'The Prize?' Exciting times coming that's for sure...One thing I know for sure is that Shoats, the RP Mayan Mexico are going to be absolutely huge for us on many fronts.... dyor of course ..
Unless SCDI own a percentage stake in SC then yes they have no say. They are the operator and do what the owners contract them to do. It is not cast in stone, but equally NCT have no control over the decision. They have a say but if the other partners decide to proceed then they have to comply, it is how a partnership works. They cannot take the risk of spending the cash only to find it is needed, there maybe some restriction in place already as part of the contract. NCT funded the installation of the storage tanks and infrastructure for the oil, which GCW and RRR are currently using cost free as far as I am aware, so why not a similar scenario for the gas? Q1 If GCW and RRR want lm20/lm21/lm22 hooked up then they need to cover their portion of the costs so it is not worth a lot as helpful claims Q2 LM14 is being overegged, what are the production costs, decline rates of the gas etc. Think I will stick with my decision to filter.
20/4/2016: Under the supervision of Gaia, the following steps have been completed at the site of the Facility in recent months: Completion of construction pad for the rock and soil processing equipment and further improvements required to support the intended remediation and recycling operations; Acquired and installed a scale on site to weigh oil cuttings brought to the site - this equipment will be used on a continuous 24 hours per day, 7 days per week basis; Have ordered equipment for final completion of facility The existing on-site structure has been re-modelled as the operations office and a dormitory area for use by workers has been built to accommodate the demanding operational tempo of the facility on commissioning; Operational safety and environmental training initiated for key members of the local team to provide for a best-in-class safe and environmentally friendly operation; and, Key water handling and treatment permit obtained in February 2016 by the CONAGUA (National Commission of Water) necessary for commissioning the plant will also allow MDF to move forward with service contracts previously announced in 2015. Strong Business Case for the Facility It is Northcote’s belief that, despite a lower oil price environment, the energy reform in Mexico is on track and that recent developments continue to support the business case for and will greatly benefit the MDF facilities in Tabasco given the following factors: Strategically and centrally located facility with access to two key highways in the heart of onshore oil & gas fields, blocks to be awarded pursuant the recent bid round and state run blocks; Proximity to key port supporting all offshore oil and gas activity in the southern portion of the Gulf of Mexico; Substantial nearby refining and industrial activity to diversify revenue streams; High demand for remediated solids for road construction and fill-in of numerous quarry mines in immediate area; Mexico is generally recognised as one of the lowest production cost oil regions in the world Excellent potential for the Facility to support remediation requirements in the downstream sector (refining, marketing and distribution of petroleum products) as well; Having previously been segregated from international competition and compliance with environmental protection and other industry standards within the refining and retail fuel distribution market, the introduction of PEMEX to international competition has already created a push for: improving environmental standards; mandating greater environmental and financial accountability improving the retail fuel distribution segment to operate line with international standards
yes, JVs will be in play once commissioning is complete; imo RC said that completion on the Mayan plant was so important as that would open many more doors for NCT (there was also local government following/support which meant the project could not fail) ......he was always one step ahead of himself, but he also talked about another RP project close to another MX port...will need to check my notes cannot remember where atm but he said the design/modelling of Mayan could easily be replicated/upscaled when the time was right....there are very good margins on the RP model which will mean decent cashflow back to NCT to recover the $1M they have spent as part of NCT investment.....
well you missed out on a very good and informed post...this was addressed to Tragic.....it is very relevant to our discussion; have a read and see the commercial points being made by Helpful... "I am quite convinced there is no point in explaining anything to you but nonetheless here goes: NCT is not the sole investor in Shoats Creek: it has two partners RRR and GCW. RRR and GCW are investors in some of the wells but not all. Currently NCT, RRR and GCW cannot sell gas; NCT now has an agreement but they need the piping in place and the tap in hooked up. The estimated cost of the work is less than $450k. Why would NCT stump up the whole of the $450k and allow RRR and GCW free use of the system to sell their gas? NCT have said that LM14 is going to be hooked up and RRR have confirmed that currently LM20 is not going to be hooked up. If NCT funds the whole of the $450k it will just hook up LM14, RC#1 and RC#2 and the other workovers that it owns. Because the oil price has softened, the stabilised production at LM20 is lower and the gas price has gone up, selling the gas has become more important. What happens next is down to commercial negotiation: Q1 how soon do RRR and GCW want LM19, LM20, LM21 and LM22 hooked up and what is it worth to them? Answer is, a lot Q2 if they are going to fund either all or part of the $450k do they want exposure to the oil and gas from the workovers? What is it worth to them? Answer based on LM14 is, a lot. NCT has just proved that LM14 is worth a lot to it and that it makes sense just to hook up its workovers. The ball is now in RRR's and GCW's half of the court. RRR has said it will update the market shortly. Today's RNS by NCT was NCT playing hard ball and making it quite clear it was worth going ahead purely for LM14 to which RRR and GCW have no exposure. You should be worried about RRR not NCT. Randy was too nice. IMHO DYOR
....who is the President of SCDI? That has no bearing on the matter? It is not as cast in stone as you seem to imply. imo