Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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No wonder no one can come up with a way of dealing with the creditors !
All this needs to fly is one decent result.. “Well 361 drilling complete and testing commenced”
“This will allow us to strip more LPG from our raw gas than we can today, leading to better margins. GTU3 will also help us to further optimise operational costs at field site with one control room managing the entire field. This step brings us closer to completing a unique set of world class infrastructure in the pre-Caspian basin in North West Kazakhstan."
CEO: "Production declined faster than we had anticipated during Q3 resulting in a revision of our full year sales volumes guidance"
So much for all the ramping on here. As stated many times, production and reserves are falling, capex isn't yielding resulting, the balance sheet is on the brink.
Not great results and seem in no hurry to deal with their issues.
Tomorrow, if the news is good, they will open with a gap of 30-40 pence.
Will want in here tomorrow, only way is up!!
followed by 50p following ops update tomorrow!! GLA
Let's see how the Enterprise value fairs tomorrow on the update !
Operational Update due before 31st October
Looking good again this morning
Which is why posters here get personal , can't have a debate on the matter.
Showing as a sell!!! Shorts closing today!!
The mm's want this higher!
A much better week next week. The 50k buy gives me a degree of confidence. Love to test the 30’s again!
Haha. Nickel in a pickel. Love it. Too many paid derampers here
I missed out an important word... Thanks for conceding that you were (allegedly) buying while encouraging others to sell at the lows. Clearly, if you know the situation is as grave as you suggest then (allegedly) buying the stock back makes zero sense at all. Good weekend to all :)
Thanks for conceding that you were buying while encouraging others to sell at the lows. Clearly, if you know the situation is as grave as you suggest then buying the stock back makes zero sense at all. ATB :)
Phoebus - Wigammer resorts to this as he doesn't have a fundamental argument. He knows NOG are in grave danger.
He also conveniently forgets all my posts stating the same case when this was 100p, 90p, 80p etc!
Commenting on the balance sheet is not position management.
I agree phoebus. It is about managing your position. Some leveraged positions go under, but there are many examples of leveraged investments that work positively - AAZ, EIG, PHTM etc etc. All 10 baggers+ off the lows. Simply repeating that the debts are high and encouraging others to capitulate at the lows is not my idea of effective position management :)
He may ultimately be proven correct. Gambling on a rally in a company drowning in massive debts is a risky game. It could come good, but try asking shareholders in GKP and XEL how they feel. Key is to manage your position. ATB
Dear oh dear.. poor old nickel has got himself into a right old mess. Telling posters to do one thing while doing the opposite himself (allegedly) .. :)
Nickel - your advice was to sell at the lows, not buy. Here’s a quick reminder below... 8 pence! :)
Nickel_Investor
Posted in: NOG
Posts: 4,364
Price: 8.00
No Opinion
RE: Going bust because of the debt11 Oct 2019 08:06
It’s a case of getting out , grabbing what you can salvage before the inevitable
And given the rapid 500% increase, you'd think they'd started shorting again, hence the renewed sell off.