Member Info for Carlisle38

I wouldn't assume that Snead et al have given up just yet with our company!...he's not that kind of bloke!

😀

Many ways to finance this deal. It would be interesting if Snead provided a low interest loan to NTOG.

I do hope that you are right. The market cap is clear for all to see and it represents our current value despite what we may think. We may get lucky but looking at the NTOG BS it looks unlikely. Let's hope that this has nothing to do with NTOG. 30% premium is reasonable but who knows without seeing the latest accounts. Snead of course will know the numbers.....

Max 30% upside could be in shares, cash or a combination. Either way not great timing for our company. It seems unlikely that any take-over would be friendly as MAGP are consulting with legal already. I spend my life doing m&a activity and nothing surprises me anymore. Let's hope that I am wrong otherwise I'll never recoup my losses here...

It looks as though a hostile take-over is on the cards. NTOG bought the shares for a reason and it wasn’t to make a quick buck. They have a plan and it is about to play out. One things for sure though shareholders will get a significant premium on today’s share price. All in all not a great deal for all long-termers though (me included) if this happens as MAGP will not reach its full potential. MAGP will be acquired on the cheap, perfect timing by NTOG. I hope that I am wrong…..

I’ve listened to the Pod Cast and our CEO continues to sound confident and positive about the current trading and the year ahead however, I would have preferred Rita to have been a little more concise with her answers. She states that the new wells are profitable at $50 per barrel however what margin does this generate because if it is currently costing $49 per barrel to produce then there is very little in it for us. There were missed opportunities in the interview, give us some idea of the updated 3 or 5 year projections?, what’s the deal with NTOG? Why did Snead leave so suddenly? – a heard of elephants in the room! The interviewer was weak by asking the same old questions and Rita provided the same old answers. If I’d been Rita I would have taken the opportunity to tackle the issues that are most relevant to the shareholders. If we are going to be a growth company then the pace needs stepping up. I have a significant investment in MAGP so please don’t interpret my comments as negative but this was another missed opportunity to sell the potential of our company supported by real facts and not to roll out the same old story which is sounding a little boring now....

Finally built a decent stake...needed to buy through Broker...no liquidity.