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So are we onto plumbs here or what guys. Gotta take the medicine
Taxi, curiously GTW was in the prospectus. Also it was the original purpose of PDIP.
Seemed to fall by the wayside until it got refloated as the next big thing.
Couldn't agree more Taxi, I knew the gig was up when the GTW idea parachuted in from nowhere, can't see much of a change with the new team tbh, emperors new clothes and all that, luckily I got most of my money out (at a loss) and just left a grand in it to see if they could salvage anything from the mess, still you live and learn, as with others GGP has saved my pork based breakfast products,
Cheers Taxi I thought I missed some news LOL
The whole family and its acolytes suffered from delusions of grandeur. It comes with the territory, living in Wilmslow and a holiday home in North Wales and trying to keep up with MUFC WAGs and Sir Alex. Minty always looked like Arthur Daley in the Minders. He would have made more money as an actor.
I agree that the new team are looking financially exhausted, and their record now seems tarnished. It looks like Plan A and Plan B both failed. Plan C? Dunno about that. I am thinking ...good try, no cigar and no Bentley for LT, poor old bugger. He did fess up in the end he had been comprehensively used and screwed by AM
I think the method in Minty was to spend as much as possible on admin and as little as possible on actually doing stuff, after the orginal well was a duster. The problem was that the well missed the motherload and all the rest of the money went on trying to make a silk purse out of a sows ear, and MFDEVCO, which was basically just an expensive pipe dream. The buoy technology, and other associated solutions, were just not special enough to entice big oil to give up paying prospects to the management of an untried minnow. GTW was just a wheeze to try to keep the show on the road until investors patience ran out. The RTO idea depends on finding a deal, which with CORONA, paradoxiically might have worked, if investors had been willing to give the new team a chance. Unfortunately, with the collapse of CORO and SOU sentiment is not good towards the existing team, so its doubtful they can conduct a raise to make any RTO attractive to existing shareholders. Still we will see.
to be fair to minty, we did eventually get transformational news, he transformed everyone's shares into a dog turd
The post on the other forum was a private joke between me and the poster, concerning the rumours that occured 2 or 3 years ago that there would be "transformational news:" around November the 5th, started by a Poster, whom I believe then owned a considerable stake, which he may or may not have disposed of. I believe he was informed this by Management at Nuog at the time, presumably to encourage his heavy purchases?
Hi there just popped over to ADVFN. I used to be a subscriber but cut back on my expenses. I see you posted this on advfn "What about a november the 5th rumour?" do you care to let us know on here what you heard that would be great any glimour of hope is most welcome.