Member Info for Bestmate

Lol Woodstock, can’t beat a bit of research ( courtesy of blue on the other channel )

https://www.thedrum.com/news/2018/10/04/unilad-administration-latest-bidders-emerge-debt-ridden-media-company

Taken from takethat ( hope he/she doesn’t mind ) From Align Research " There are also a further 21.625m warrants issued with a strike price of 2.46p." "The next week will be key to see the conversion notices and volumes converted into stock by EHGOS (and their resultant stock holdings thereof). A drying up of liquidity and back to 0.25p is the last thing they or the new Executive Board want to see from what we can see. Once we get through the 15th March the 0.25p conversion option (ref last 15 days lowest VWAP closing price) disappears and dilution (pending the share price over the next 7 days) levels diminish. WE ARE BUYERS SUB 0.5P." The RNS means Align can now start buying again without crossing the 3% threshold now that more shares have been issued. Seems plausible

ALIGN?

For anyone interested.. Just had confirmation from Brad that seller almost gone.. Welcome news, along with board trading halt. Good news to be announced? Hi xxxx At this price I would hope retail investors see opportunity. There has been a large holder of stock who has not been communicating with us who has been selling. I don’t believe they have any material quantify of shares left. Regards Brad

Courtesy of Jo Sharbail.. Thank you for your email You will be aware that I am not able to directly answer many of the questions you pose below. Within the Sintoukola Basin, Kore now has multiple Potash deposits that as you point out do present exciting development opportunities. The Kola deposit is a large potash deposit and the project was designed as a large project. From the PFS work, shareholders were informed of the scale of capital required and the likely timeframe to finance and construct . The DFS has confirmed the capex and timeline and we are waiting for the EPC proposal from the French consortium. There is a possibility that a smaller project at one of Kore’s other deposits could be brought into production significantly faster than is possible at Kola. Work is progressing to understand these options. I agree with you that the current share price seems to present a great buying opportunity to retail shareholders. I cannot comment on the drivers for Director’s investment decision making. I am sure you are aware many of the Directors are shareholders , some with significant investments in Kore. Kore Directors have to make decisions within the law and the rules of the stock exchanges on which we are listed and these do place significant constraints on their behaviour with regards to share trading. The Mining Convention, which is a contract between Kore’s RoC subsidiary company (Sintoukola) and the Government of the Republic of the Congo provides for the Government to have 10% ownership of the project. Two Special purpose vehicles have been established in the RoC -one to hold the Kola Mining Lease and one to hold the Dougou Mining Lease. In due course the government will be granted 10% of the shares in these SPVs, and Sintoukola will hold 90%. Your point on marketing is well received. In many ways the DFS was an impediment to marketing while the company awaited its finalisation. You have seen us finalise the DFS, and in parallel, delineate a new deposit and JORC exploration targets as we ensure we understand the strategic options available to us. Work is underway to ascertain whether any of these options present an opportunity to fast track Kore into production while we progress the planning of Kola. It’s important that we receive the EPC proposal and improve our understanding of the best pathway forward to production before making new commitments to shareholders and increasing our marketing of the Company and our go forward story. The Sintoukola Basin has world class potash deposits You may not be aware , but this area of the RoC previously produced more than 400ktpa MoP for export markets for many years. I am confident that this basin will become an important producer of Potash again. Regards Brad Sampson

https://www.youtube.com/watch?v=0wzLUyFBCvc&index=26&t=102s&list=PL5zLWMpFfFgo0nSGWAlsV177Lbg4T931U Not Vast, but still valid.. hopefully we will get some PR our end

For those investors who couldn't attend the AGM, I look forward to sitting down with our new Chairman to discuss @Nuoilandgas for our latest podcast. #NUOG Simon Bycroft

Seadog, I hope you’re not in any way suggesting that NUOG has a more than fair chance of closing one of the deals it has been working on with the aid of the billion dollar Consortium. That would definitely not suit the pessimistic but predictable narrative of the naysayers here and the mentally challenged morons on advfn.

Wobwat.. think you’ve rounded up all the heavyweights in this division. As you say, Siemens seem to be at the top of the technical spectrum here. Imagine if a company with a market cap of 10 million were to attract the attention of Seimens with their, approx 80 billion.. Especially in this extremely specialised space, where the new MAN says we are at a very advanced stage. Surely this would wake the market up in a big way

Mainshare, if you read around the “major” companies currently involved in wind farm generation, you get an idea of who the bigger technical players are in this space. It therefore would make sense for us to get some sort of tie up with any of these big hitters. You don’t have to look too far to see the connection with the gas to wire/energy sphere and these companies. Imagine little old nuog getting into bed with any major technical giant in the space.. if this happens, then imo we will break out of this trading range.

Absolute amateur hack trying to undermine and upset the Applecart with his conjecture

Nu-Oil and Gas plc ("Nu-Oil" or "the Company") Clarification on AGM Results Announcement Further to this morning's announcement regarding the results of NU-Oil's Annual General Meeting and following postings on social media, the Company wishes to confirm that, as previously announced, resolution 7, as set out in the Company's AGM Notice, was passed without amendment. However, the board of the Company ("Board") did confirm to those present at the meeting that, should the Company utilise this authority (at any time prior to its expiry) by way of a non-preemptive placing for cash, then such placing would be limited to 25% of the current issued share capital and would include, in addition, an open offer of an equivalent amount. The Board wishes to make it clear that there is no current proposal that it will use this authority to carry out a non-preemptive placing.

“The Board wishes to make it clear that there is no current proposal that it will use this authority to carry out a non-preemptive placing.”

Good post Sharelock.. if only we could partner up with a reputable outfit with the technical knowledge to make this happen ...

Or in the know..

There’s not a lot I can add to what’s already been said to counter garyn’s naieve write up on Resolution 7. I have been discussing this off-line with some large holders of nuog, and the consensus was to wait for the post AGM Resolution RNS from the company to clarify matters. Unfortunately it is not the first time that LT has posted on this board, where his colourful style of prose has missed some fundamental commercial facts. Garyn and his band of merry ghost writers turn up and bash at will, so to take reference for an article written for public consumption in the way that he has is pure and simple schoolboy stuff.

New Chairman giving presentation now. Talking about gas to wire. BOD interrupted to say Gas to Wire is not a concept. They are in advanced discussions now over North Sea fields. Each 80MW facility will generate £25m per annum over a lifespan of approx 10 years.

Got to enjoy the res 7 vote down

Resolution 7 voted down. Company will now need to seek authority in order to do any placings which means they will have to give shareholders a very good reason if they want to raise. They have now gone away to count all the proxy votes for this resolution. But all bar one at the AGM voted against.