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Just charges someone 24p for 40k shares. When they do decide to take it up, they do so fast.
Ok many thanks.
Hopefully we dont get a similar issue to what happened to Sepura. I remember alot of talk there of a high sale price. Nose dived to below 10p (bought in) then got sold for around 20p when PI's were expecting 50p+. PI's always seem to get shafted in these circumstances.
Hopefully this wont be the case here. Will be looking to get in shortly. GL All
On a sale this would fetch closer to and over 100p imo will expand on this later this evening. The amount of oil in play here is ridiculous.
Sandman yes it was out of my radar, when it nose dived under 20p but feel that now we have a sale prospect in front of us could be sold over 50p...imo
Afternoon had this on my radar awhile ago and completely forgot about it. Are we potentially looking at a sale of the company now given its pretty much nose dived this past year?
This will settle around 50p - looks like the mm’s want to pick up as many shares along the way as possible by way of dramatic rises and slight retraces with those in fear (of getting ‘spiked’) selling up.
This will move day by day, we are due an update from the company which is due any moment. Revenues fell 3.8% from 405 to 389 million - that does not warrant the drop here, which also in part due to ii selling at whatever price they could.
Yes theres debt here, but a stupendous amount of oil too. Like i said 50p is my target here. GL
Spread is very tight - get ready for 30’s - we should go now beyond the days highs! Imho DYOR
If you’ve bought in here presumably you’ve all done your homework so why sell on the faux drops? Panic selling is feeding the MM’s and lining their pockets. We all know there’s so much more road to travel so stop panicking people! Imho DYOR
It is possible :-)
Now the MM’s have collected let’s get on the road North! DYOR
They are trying to take it back to opening price this morning,lets see if they manage it because there will be some big buyers waiting i predict.Interesting this could be Goldman Sux ?
They are barstewards - classic walk down now ready for the spring back! Could not buy a bean in the frenzy but I bet they took as many as any would panic sell. Onwards and upwards now!
showing as sells. Whats going on with the bid, all over the show!
Here we go another shake !
They are trying hard to shake a few out before really letting it go IMO they took it to 27p and shook down to 22p quickly,they may try again but i predict dips will be bought heavily.
Prior to that directors had paid heavy premiums for large volumes between 300-500p
Based on production and reserves i would think 100p +
Last director buy was 182p
I think that’s too high considering the debt there have, more likely 70p. I think there the company’s know, most people hold shares in a region of 50p plus
Based on their production and reserves i would expect an offer will be north of 100p perhaps even closer to 150p
52 week high ... bring it on
Dyor
the Company has identified a broad range of operational and strategic opportunities for the business to deliver shareholder value, some of which require the investment of further capital in the business. These options include (but are not limited to) further throughput agreements with third party gas suppliers, bolt-on acquisitions in existing and adjacent fields, farming down stakes in some assets to expedite their development, and a corporate transaction. The Company therefore announced that it is launching a process to review these operational and strategic options for Nostrum and its shareholders. No decision has been taken yet.
The corporate transaction being a takeover
https://polaris.brighterir.com/public/nostrum_oil_gas/news/rns/story/rn0znpw
They just tried a shake out ! remember this is now an active bid target and is likely to be over 100p IMO this could end over 30p today.
243p???????????? wahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh mahooosive upside
Explaining a big fall from grace for Nostrum Oil & Gas
11 October 2019, 10:28
Once a constituent of the FTSE 250 index, Kazakh energy play Nostrum Oil & Gas (NOG) is now worth just a fraction of what it was just 12 months ago as it falls a further 47.6% today to 5.5p.
The latest bad news comes from Well 41 where despite extensive testing the company has been unable to sustain a commercial flow of hydrocarbons.
To quote Cantor Fitzgerald, this is ‘a very disappointing result. Hopefully Nostrum can salvage something from the well but shares will take a hit this morning.’
SUBSTANTIAL BORROWINGS
A lot of hopes were pinned on this exploration effort in the northern part of its Chinarevskoye field after the company experienced operational issues in the core producing area of the field in 2017 and 2018. Those hopes now look pretty forlorn given today’s news and an earlier disappointment on Well 42 which also failed to flow at commercial rates.
The company’s net debt totalled just over $1bn as at 30 June 2019 – dwarfing its current market cap of £11.9m and highlighting the seriousness of its situation. The company is set to commence refinancing negotiations on two outstanding bonds in 2020 and this could be very challenging in the current circumstances.
On 24 June Goldman Sachs was engaged to conduct a strategic review of the business and how any value could be salvaged and arguably the results can’t come soon enough.
https://www.sharesmagazine.co.uk/news/shares/explaining-a-big-fall-from-grace-for-nostrum-oil-gas