Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Solid knowledge not fly comments
Keep the faith , it'll come good
i think they may have got this confused with northern gas NOG(usa)
money money everywhere but not a drop to comment
I meant go, but you never know
Again...
73 percent rise on no news. Is there any significance that it happened late in the trading day with no more trading until Tue? Let’s see.
???
According to the last update on 27 Apr, debt is $1.1 billion. There has been some massive share volumes moving over the last week, either someone is taking an interest, they’ve got a debt for equity agreement in place or this is the last hoorah before it sinks below the waves. Get yer stop losses in place.
That's exactly what I thought
They also have a world class gas treatment facility which cost $2 billion, this will be used to process 3rd party gas as well as their own and being that it’s the only one of it’s kind in that area it’s worth every penny. If/when they monetise that facility cash will roll in and the debts will be stabilised. It’s still a risk but, they’re in a transition from exploration/production to production/treatment and export. Gas is becoming very profitable and their location is close to key markets. As I said, it’s still got significant risk but, the rewards could be worth it. DYOR as always.
Thank you Hawk A1, I was floundering a bit here, but you've put a good perspective on it
And I was looking forward to my weekend...
Thanks for the attitude adjustment
Some of youse are actually dillusional have you seen the companies financials and prospects
I'm feeling a bit lonely here.
It's a hidden gem
Is Nog unde the radar?
I'm new to this company. Could someone explain why this has gone from £5 ( 2017) to 9p in 2021
The company has negative shareholder equity plus 1.2b in debt and liabilities. Looking very dodgy.
This patient still in coma or already died?
The NOG guidance for 2020 remains at 19.0 kboe/d of sales.
NOG reported average January sales of 23.8 kboe/d, average Q1 sales of 22.9 kboe/d and average H1 sales of 22.6 kboe/d.
Therefore, it is a trivial exercise for anyone to calculate the expected December 2020 sales rate, which will be ±12 kboe/d.
That means a ±50% per annum decline rate for 2020.
Previously, the sales decline rate has been around 30% per annum, so, according to NOG’s own reported sales volumes and published 2020 guidance the decline rate is accelerating.
Game over.
Agree with you Wigwammer
In the Q1 financial results, they note - "Continuing focus on monetizing spare capacity by processing third party volumes"
Any idea on what capacity is currently being utilised and what we have left to fill?
Even at 15p, this is a steal IMO so much upside, and if the debt is restructured and capacity filled like you said it will go exponential.
We have to remember that we have 46 producing wells and millions in income before we consider the processing plant, yes there is a sizable debt, but as long as the wells produce and we can maintain the debt there is no reason to be concerned imo.
DYOR everyone but for me this is still a great buy.
It’s all about whether they can fill the gas processing plant - if they sign one or two agreements on reasonable economic returns, this will go exponential. Atb
Agreed S4K, plenty of strong producing assets and huge positives with this play, yes there is substantial debt but that is being maintained by the income without issue and with the possible restructuring of the debt it can only improve the stability.
Oil prices will continue to recover and the production will then restart to capitalise on the higher price per barrel IMO
DYOR and good luck, we've had a great week so far, lets hope it continues to gather momentum and return to where it should be.