Member Info for Bridgedogg1

The current series of placing will look like an astute move when the mcap drops below £10m. GR knows where it is going, one last hurrah to milk shareholders to pay his salary while the mine continues to hemorrhage cash.

I thought it would hit 1.9 by the end of the week but at this rate could be heading towards 0.3p. There’s an interesting gap 0.3-0.7p but I think that will be on the results and forward plan. Worth looking at mcap then the latest results, favourable production ruling and new strategic partnership. Wells pay back in 3 months!

Yes I feel the same about his predictions but atleast it gets the word out to a wider audience.

POLX raising £8m with target revenue of £2-£3m 2024. Outs out fundraise in perspective. Targeting £17.5m low case, then £50m / £75m with orders already received. Just need to build it and they will come.

I’m not a Chartist but I do use them and I see 1.9 this week 🤞 broadly online with Zak’s 2.2 prediction

https: //zakstraderscafe.com/bulletin-board-heroes-may-22-2/9424/

Also good coverage on Maclys blog, got a response from ML on twitter

He has this same back and forward with someone else every other day. Not sure what they get out of it but best to just ignore. I’ve wondered if it isn’t just an attempt to disrupt the board.

Looking good for another tick up 😃

Sales for the six months to 31 May 2023 of £108k (2022: £75k).

o Gross margin for the six months to 31 May 2023 of 52% (2023:49%).

o Operating loss for the period of £709k (2022: £1,038k) driven by increased R&D, testing, and marketing.

Assuming R&D spend much reduced, what sort of sakes figure are we taking about? £500k? £1M?

Should break even this half?

The results should be the material news we need to get out of this low. In the meantime its building slowly and steadily upwards. Lets keep it civil, maybe not worth responding to those comments not worth responding to.

Hopefully this gets moving into the 0.2s. Lots of interest building and the charts look great.

Looks like its usually the first week of June.

Possibly some excitement generated in the lead up and I'm fairly sure it will be a good set of results with increased production & revenue, reduced costs and some kind of update on the forward strategy. The current MCAP will look very cheap.

Could be the new CEO wants to put his stamp on things and we hear something before then. Welch was fairly good at SDX, doing lots of interviews. H2 should be very busy for us, looking much better here.

There was a lot buying in Jan/Feb but the share price didn't move much due to the placing overhang. Looks like that's all been hoovered up now and there's not much liquidity to be had with more sticky hands on board. I was anticipating something around now, given them a bit of time to establish the high level of production from the 2 Fouke Wells and expand the borrowing facility on the back of that. Should not be a problem now we are EBITDA positive. New wells targeting the same formation but 87% interest rather than 32% is the step change we need.

I elected for a huge amount of excess shares, will be interesting to see what I get.

A few reasonable size buys and this could do 100%.

I think the range of the recent large buyers is very interesting. We have a small cap fund, a local oil and gas services company and Kristian Ainsworth who worked for NTOG for 5 years until 2020 and is now buying in. Ainsworth has worked with lots of oil small caps and NTOG seems to be his largest personal holding by a long way. All clearly know there stuff from different perspectives which makes me confident the finance, strategy and acreage are good.

Interesting video from Premier Miton who now hold over 10%, very positive on undervalued UK small caps.

https:// www.premiermiton.com/funds/premier-miton-uk-smaller-companies-fund/

2nd place on top risers! Might get a few new visitors...

With over 30% taken up by new large investors in the last few months, then the departure of the CEO just after signing a large new strategic partnership says to me things should start hotting up very soon..

Something brewing maybe

imo they are accumulating cash and negotiating and increase to the borrowing base so they have sufficient to pay for the next well. i hope that will be the update they are working on.if its a fundraise at this level then its going to be a **** show.

We have a long way to go but we remain encouraged by the facts that we are producing spodumene that is saleable. Spodumene concentrate in any grade more than 4% Li2O is saleable with an adjustment to the price p aid relative to the actual amount of spodumene contained in that bag. It should be noted that prices are quoted for spodumene concentrates at lower grades and these prices are in the public domain.

Clearly SC6 is not being produced

Any sales of the Settlement Shares will be handled by Premier's brokers under orderly market conditions with an initial 10-day lockup of the Settlement Shares.. Drag on the sahre price for some time then.

More placings required for debt.

EM going to be required sooner than expected.

Anything could happen. You could but half what you wanted then the rest once the dust has settled?

I'd have to disagree about more recent times. The Fouke wells and the strategic partnership allowing us to exploit the same horizon with 87.5% working interest over 80,000 acres with modern 3D seismic is a great more for us considering where we were. The new CEO will just be riding on the coat tails of the long term plan. We have now just moved into cash flow positive and if we can drill the next well without a fundraise with 3 months payback then we are set up for an amazing 2025 with mutiple wells. Eventually we buy our own rig and we are laughing all the way to the bank.

· Area is more than 30x larger than Pine Mills and includes multiple counties in East Texas

· NTOG will operate any new locations and have an 87.5% working interest

· Initial focus will be the sub-Clarksville horizon, successfully developed in the Fouke wells