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I rest my case...what is the point of you guys?
Net Asset Value
As investors this calculation is very important. It tells us about the share price and is pretty useful indicator, to tell us if a company is a buy or sell.
Frequently, the term refers to the total value of a company asset (s)divided by its number of shares outstanding. This type of asset (s)value per share is more commonly referred to as "net asset value per share" or simply "net asset value" or "NAV" when liabilities are subtracted.
If we take NUOG with circa 3m cap and 1.7m in liabilities with 1.486m shares in issue , with no current asset(s) value. Without doing the calculation we can clearly see that the share price is actually indicating a sell.
So if Mfdevco seal a deal how would this effect NUOG 'NAV'.
M CAP yes it is possible investors could see more of a investment case. So it's possible that this could increase. ( Unknown )
Assets Not a direct aquasition so Asset(s) value 0
Shares in issue 1.486m (current) again unlikely to go down , possible upward on working capital requirements.
Liabilities 1.7m (unlikely to decrease until revenue generation or see above shares in issue calculation)
Conclusion
Any mfdevco deal is unlikely to effect NUOG 'NAV' ( Net asset value)
Liabilities could go lower at a point in the future revenue flows from 50 percent JV. ( Unknown ). Shares in issue could increase on working capital requirements again ( unknown)
So as investors we need quite significant information, if you are a gambler maybe less.
Until this information is clear and a transparent it is unlikely to attract significant investment.....
Starbuck - this is an AIM company we are talking about not a FTSE100 company. Try applying your thesis to about 90% of Aim companies and see what answer you get. If that's your criteria for investing you're in he wrong part of the market. Try a FTSE tracker fund.
Starbuck And? What a pointless post....
Vast
Mcap £8.9M
Shares in issue 8 Billion - yes 8 Billion up from 5 Billion less than a year ago!
Current liabilities - over £30M
Cash flow - 0
Still trying to raise necessary finance likely to be 10s millions to progress their diamonds exploration so yes they have assets but worth nothing unless you can get it out the ground.
We also have assets in the form of licence pl-2002-01(a) and the deep right's licence of el-1070.
PL-2002-01(a) Difference is we have a good understanding of what is down there as a result of previous years drilling, seismic results, flow tests etc. Plus we have the farm in agreement with PVF who agree to cover the costs to production meaning 50/50 revenue split for Nuog and PVF when this does eventually happen.
"all parties remain fully committed to restoring production from the PAP#1-ST#3 well and ongoing operations are not affected by these discussions."
"We are committed to optimising the value of Garden Hill, which in-house subsurface models built up over the years, and acknowledged as the most comprehensive available models of the area, indicate holds up to 97mmboe."
EL-1070 The Deep right's covers an area of 245000 acres with a potential resource far in excess of 97mmboe. Progress on this is closely linked to SPE who have the interest in the shallow right's...... "EL1070 remains in force whilst the parties to the licence pursue the award of a significant discovery licence ('SDL'). These unique circumstances require that any effort to develop the deep rights is coordinated with SPE's activities with respect to the shallow rights"
So technically we do have assets which hopefully one day a proper value can be placed on them. In the meantime we have the huge potential to add to our assets as a company and generate revenue very quickly with gas to wire.
So £1.7M liabilities....hardly earth shattering is it? Once revenue starts being generated that will quickly pale into insignificance.
It's very relative if you have the brains to realise.
I'll leave it at that for now .
I' am not here to put this company in a bad light , i' am merely making points of discussion.
That the way I see it . It won't amount to much unless this company is transparent. About it's finances and companies that surrounds it....
Assets you state. That nobody has ever wanted this is fact. Until they have a means to make these viable I'll continue to value it's assets at 0. That seems to be the general consensus and why they have a M cap of 3m . With only hardened lth holding or trapped in investors from past endeavour...
Starbuck - think you are out of your depth here sunshine
We will see , we will see . Good luck to all let's hope they deliver something to discuss in the very near future. Good luck timbo
Mcadder you are hardly going to agree with me with 70m shares are you. Kind of distorts your oppion. I know I've been there. I mean that it in very sincere way. With respect.
Unfortunately Starbuck you are missing the point with regards to my own investment. I invested heavily into Nuog with my eyes wide open as a result of the huge potential for gas to wire which would be a game changer for the company.
I have a realistic but not distorted view in the same way as someone that may be holding say 700k or 7M shares.
I'm not interested in the past performance of the company. Some of my previous investments have
done very well indeed by ignoring the past failures or shortcomings but instead looking at the investment strategy and potential of a company going forward.
You forget that sentiment can lift in a heartbeat which I firmly believe it will here very soon.
I agree mcadder.
I 'am not totally righting the investment case off , but it needs to be clear and transparent.
I didn't believe you had invested that kind of amount on a whim, like I say I wish you well with it.
I 'am probably a little to guarded in my approach and sometimes can be misunderstood. I have my views and I have a open mind about things.
I do feel that any deal here from this m cap should do you well . You have timed it quite well, which I congratulate you on.
I can buy alot lower than you at present if I wanted to, so maybe my approach is the better one at this present moment...
No problem Starbuck fingers crossed for all of us hey. Don't know what your current position is here but good luck if you decided to add more. Yes you would probably get the same amount as myself at a cheaper average (mine is 0.28) however in the absence of any adverse news anyone that tried to buy that sort of amount at this level would likely push this back to over .3 given how oversold this has become.
Twice we have bounced off the low of 0.20-0.21p. Right now it wouldn't take much buying pressure to push this back up. I could add more but am happy sticking just below 5%. Good luck whatever you decide to do....
I would probably wait for any announcement.
Because the funding is a worry , I think they made a mistake not issuing for say 1m when the sp was alot higher. For me the dilution is a problem esp if they raised at these levels.
But it has given you the opportunity to amass a good size holding. In a share that you have obviously researched significantly.
A good sign of a investor is one who sees value and has the patience to wait for it..
Yes, best to wait for an announcement rather than believe the outrageous claims of the submarine crew on here.
Rip Van Winkle is also in agreement.......zzzz