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After all the dilution. I only hope he makes us eat our words and the share price increases. I for one will be pleased. I not buying until I see it in rns and only then if I don't think it needs more shares to be issued. Sorry but magic is right although he does go on but so do the three rampers
You missed the word "forever" off the end of your sentence there mate.
Tragic you talk through your bottom. A company can fund activities through free cash flow, share issues or debt. Anything else else is the magic money tree. Until we see what he has done with recent fund raises no one can comment. In your case, please hold your breath.
Sounds like a plan buy enough to do a take over then do a share dilution to raise enough capital to take missus and kids out to pizza hut to celebrate !!!
hop enough get there. Another 3 percent after and you get a seat ontheboard. Another 6 percent on top and you get to take them over. Hope you will employ magic as the IR role. Imo.
Anger and frustration are entirely justified by holders who were hit by the 2 huge discounted placings. Management should not feel that they can continually get away with such practices. The company should exist for the benefit of its shareholders, if not, it should delist and become a private entity. Sadly AIM is awash with BODs who don't care one jot for shareholders and see them as a money making machine to be perpetually milked. I hope NCT does not turn out to be one of those.
Some believe in MM trade signals. I note the 7000 trade this morning.
Hi big timber orslega and other rampers lol Board made up of two members it's seems ones glass half empty and other glass full Personally looking to top up in next few days 58 mill more whilst so low to reach that elusive 3% Watch out for trade Putting money where my mouth is totally confident co will come good looking forward to agm in July an meeting to everyone
RC's idea of executing a strategy is to kill the current one in favour of the next. He talks a lot, and spends a lot, and delivers very little. The only way the SP stands a chance of recovering is for NCT to actually generate meaningful revenues, revenues that would make NCT self sustaining rather than having to come back to the market with a begging bowl. RC coming up with yet another initiative (i.e. more talk) just ain't going to do it imo. Happy to be completely wrong, to recover some of my losses, but I'm not holding my breath either.
A joint venture will still require some capital investment if not then the stake is likely to be so small that it will have little impact. Unfortunately point 1 revenue generation is insufficient to fund point 2 or point 3. Maybe I will be pleasantly surprised and they will receive a decent stake with a small outlay, but not holding my breath.
labratt "Investors should be unsettled by the move into Mexico because every previous change in direction has led to the issuing of billions of new shares. Oilfield services are a very capital frontloaded sector, the machines required are expensive. How are NCT going to fund their share of this?" No dispute that oil services are capital intensive. Northcote are an investment company who joint venture in all their activities. What about a joint venture then?; from the NCT website, third bullet point....the April RNS gave a very big hint of current discussions....I do not expect a placing to fund any such move; Strategy "Northcote is mitigating the risk associated with the current commodity price environment by investing in scalable opportunities across the oil and gas value chain which are capable of sustained cash generation and can deliver attractive returns in conservative oil price environments. The Company will build value and present multiple value catalysts for shareholders by: Developing its current investments to become revenue generative Adding to its portfolio of investments across the oil and gas value chain focused on assets which are capable of sustained cash flow Creating partnerships with experienced management teams and established operators to bring first class execution capability; and Divesting its non-core interests"
There has been no accusations of unlawful practice, this is something that is once again a blatant lie manufactured by yourself. Questions have to be asked about the integrity of someone who repeatedly produces false claims. Still not one single explanation as to why the operatorship was handed from NCT to SCDI despite the alleged deep understanding of the regulars. Still unable to grasp the concept of ownership differing from operatorship, I would suggest that investing in oil companies is not advisable for someone unable to understand this very simple concept. Investors should be unsettled by the move into Mexico because every previous change in direction has led to the issuing of billions of new shares. Oilfield services are a very capital frontloaded sector, the machines required are expensive. How are NCT going to fund their share of this?
Have taken your suggestion on board....lines cleaned!
Big timber - he clearly should see someone about the impact RRR has had - it cannot be doing his health any good, whatsoever....needs more than Hartley's jam imo
serious question, I know you are not a shareholder here but how much did you originally invest in RRR to be affected the way you are??
"why would anyone pay nearly £0.25M at a 30% premium for 6% of the company?" Rampers on the RRR board said the same things about various "significant investors" and they all came to nothing. Danial Sklan once owned 10-11% of RRR which was dutifully declared. He also struck a private deal in regards to the original Ivory Coast project. Years later the SP has been diluted to oblivion via "death spiral financing" and 2 capital reorganisations have been done in the space of 12 months. There were others, who declared holdings above 3%. All have come and gone. The latest, the greatly touted Paul Johnson of MTR bought just over 3% and then shortly afterward the next discounted placing came along and presumably diluted his holding below 3%. The moral of the story is that in companies that dilute, the appearance of "significant shareholders" seems to mean diddly squat. It's one of the few cases where one does not "follow the money" but rather one follows the stady increase in total share issue and where the funds raised actually go to, imo.
buy at full ask just popped up - the penny has just dropped, large buy from Mr Magic ha ha
why would anyone pay nearly £0.25M at a 30% premium for 6% of the company? Possibility of under value maybe? Not crossed your mind - market cap less than £3M.....hmmn Who ever made that purchase knows more than you and I, for sure. I have an idea on that front but will let you concentrate on those who have sold "large" holdings worth £6-7K...........
Mr Magic - trades of 20- 33M are not large 6 x100M are large.... Not difficult to work that out......surely.... Speculative jam, I will remind you....soon
Speculative bit of jam..... Lol... You should cal..... Have you thought about calling the Hartleys Help Line.... I'm sure there's a support group they can put you in touch with. Imo
Orslega - "There are some very large buys at both placings trades" There have equally been many large sells too but I note you don't mention those. 25m @ 0.032p 20m @ 0.0263p 33m @ 0.0265p 33@ @ 0.027p The drop in share price is not imo AIM lethargy. It is due to the fact that once a company makes the decision to issue billions of shares at significantly lower price to the prevailing SP, thereby shafting existing holders, you destroy sentiment, you destroy trust and loyalty and you effectively kill volume of trades. It's a game changer. It turns a share, imo, from being an investment proposition to being just a city boy traders share which will be spiked before each subsequent placing. Heck the shares are now worth less than 3/100ths of a penny !! The promoting of one project/venture after another, as labrat points out, is absolutely typical of BB pundits of AIM shares. They just hop from one speculative bit of jam to the next, conveniently ignoring and brushing under the carpet all the previously ramped speculations which fell by the wayside and failed to realise any value for shareholders. Few are fooled these days by this rinse-repeat cycle.
For a matter if interest why is it that your posts contain nothing new that any well researched investor here doesn't already know? Your repitation has been incredibly tedious.....pack it in please!
First Oklahoma was main player. This became a sideshow as Shoats Creek became the company maker. Shoats Creek is now a sideshow and Mexico is now the big play. Spot a trend? I will remain sceptical until something is actually delivered as talk is cheap and history proves it is not followed through.
still down, that update must be voluminous, lol https://northcoteenergyresearchblog.wordpress.com/tag/northcote-energy/
No oil asset was a company maker when we were staring $20 a barrel in the eyes. At $50 -$65 Shoats is worth a lot of money. Post LM20 and LM19 probably an extra 8 drill targets and uplifted reserves. Context!