The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Summary:
Grades - Sao Chico's grade has dropped a bit and nothing we can really do about that - just have to keep going, hopefully return to some nice grades. However, the Ore Sorter doesn't currently take Sao Chico ore, but they're working on changing this - Testing this quarter.
Coringa - License issue sounds like a complete non-issue. Indiginous community like 60KM away from the project and the Coringa project is below, hence nothing is going to the indiginous community as water doesn't run uphill. FUNAI, the National Indian Foundation said they dont need to do an indiginous but they've done one anyway. Cost just $150k and will not impact the license timescales.
Exploration - some geochemical work being completed in H1 and then we get back to Exploration drilling in H2.
If you have any doubts about the Coringa license I highly recommend watching the video. Mike does a great job of explaining exactly what's gone on.
https://www.youtube.com/watch?v=GX-A2qaQT3M
So JustBe, even tho ADV has no production, just because they say they're targeting 40000 bpd that makes them more valuable that NTOG hahaha what a fool
cash flow positive, drilling new wells, WTI ripping and a <3m MC. You can take a horse to water
"As a result of increasing production, strengthening oil prices, and prudent management, the Company is now self-funding."
cash flow positive, drilling new wells, WTI ripping and a <3m MC. You can take a horse to water
Steel you fool! I'll never be 99% down like you because as soon as I feel something isn't going to plan I'll sell and cut my losses.
THIS IS WHY I MAKE MONEY, UNLIKE YOU.
cash flow positive, drilling new wells, WTI ripping and a <3m MC. You can take a horse to water
99%.
"WTI makes no difference"
If there is anyone here looking at a potential investment please don't listen to these clowns. They're trying to tell us that the very commodity we sell makes no difference! hahaha
99.9% loss since you invested. Absolute clowns.
cash flow positive, drilling new wells, WTI ripping and a <3m MC. You can take a horse to water
According to Steeltightone no company on Aim will make a profit unless it makes over $12 million dollars a year hahaha.
cash flow positive, drilling new wells, WTI ripping and a <3m MC. You can take a horse to water
NTOG would need 500 barrels of oil per day production just to cover administration and other expenses.
500 x $85 = $42,500
$42,500 x 25 (run rate) = $1,062,500
$1,062,500 x 12 = $12,750,000
you honestly think $12,750,000 wouldn't cover our admin and corp expenses? hahaha
guys don't listen to SteelTightone, guys a grade a fool. simple maths debunks everything he ever says.
JustBe - Do you have any knowledge what so ever? You spout so much nonsense like you're running the company.
Honestly, not being funny but some of you long term holders have a serious lack of knowledge. RE: Permitting process, WAFD, profitability. Probably explains why you're sat on 99% losses right now.
cash flow positive, drilling new wells, WTI ripping and a <3m MC. You can take a horse to water
To fill you in Cane, SteelTightOne and Wey both have been in these shares longer than I've been alive, and despite the shares continuing to drop, they never sold out. They didn't have the balls to click sell and cut their loss. They now stick around over a decade later to troll and blame the CEO. It's their own fault they didn't cut their losses. They failed to recognise their trade went wrong, and instead blame the CEO. This is why they're failed investors.
I'll be out in 2 weeks? Maybe, I'm looking for fair value then I will be out. Unlike you two who are both waiting to recover your losses which will never happen.
Undervalued.
It is small, but look at the MC. It's highly leveraged to new production. As you correctly say, it will move fast. Get a positive drill result in the next weeks and this will motor with the momentum of WTI sky high prices and the promise of new wells at the Permian! Costs very very low. Actual figures are in old RNS.
Last production number was 128bod net. We're drilling an offset well any day hoping to add more. Then we've got 2-3 more drills this year all fully funded out of cashflow as per RNS.
128 (possibly more) WTI $86 - DOOO THE MATH
Steel, I know the history. Your investment has been decimated and I'm genuinely sorry about that. However today, as it stands, NTOG is in a very good position. You've said before you still have a holding here, why not just try and be a bit more positive. This is a good moment for the company.