A fair amount of production and with oil at current levels we may be able to reduce debt a lot faster notwithstanding it is probably structured. BP will need to take note when dividends click in.
Once the market settles down and those who either need or want to sell have done so I would expect to see the buying from long term investors, and institutions push the sp to nearer the 40p level with a mc of about £7.5 bn. That's not meant to be a ramp either as this is going to be a quality stock over the coming years. On production ShinFalls you may have missread the rate of production.
All good news and the more contracts obtained will improve operational gearing thus washing over G&As. Once this happens earnings ps will increase and hopefully the sp. This is an international business with existing customers growing and new customers being won.
I am new in here today and can see this moving nearer the 0.25p mark once the selling down has eased. Quality company going forward and large investments to be made by institutions probably held back until dividends are paid on a regular basis in order to meet their investment criteria.
To me Evrima in which I have a small holding is very interesting if a bit illiquid. MC about £1.5m with nearly 20pc of KKME and with other investments looks as if could attract interest in the coming months. Could well sell its stake to PJ in exchange for POW shares imo. Brandshield has stated that it will get rid of its non core assets at the appropriate time so we could end up with 100pc
This I beleive is this coming week and with the shops due to open on Monday 12th and it will be interesting to see if we get a further update. I still feel JL could pass his holding on but if not it looks as if we have a sporting chance that management can drive us forward. Any thoughts tollbar?
In the RNS of 15 March we were told our valuation in AP was close to NIL. The current valuation of 31 March tells us the the valuation is now £260k. Big rise in a couple of weeks!
I suppose greedy could be directed to those of us who should realise that the market is always weighted against the investor - economic problems - political - MMs manipulation, sector out of favour, and with exploration and resource companies no income and the need to always having to raise money. There is sometimes perceived bad management from within a company and no doubt ML could be a candidate but things can change when well respected people take the wheel. As far as the cats and dogs are concerned they receive a regular DD which together with other contributions far exceed £200 pa. I think NTOG will come right under the new Chairman and that's why I am in. If I am wrong then I will leave, take what I can salvage and move on: that to me is what the game is about - moving whatever funds are left to a perceived better prospect to recover lost money. Sitting on something I no longer beleive in would be difficult. I will not trouble you gentlemen any more but wish you well and will continue to read your posts
This could well suite us, with copper where it is we may well keep a bit and farm out some for a cash return. Could be other players willing to pay a bit more.
Your slip continues to show Steel but you continue to have support but I will continue to hold/buy from time to time. I have a little less than 2m and am probably the only positive investor here being interested in the future rather than the past. I wish you well and leave you to moan about your bad investment.
Clown, someone else with nothing to do. Go and buy a TV. There is something going on here imo. Quite a reasonable amount of shares to trade and I would be suprised if it was a sell. The next two months could be interesting and I would at least expect an announcement before too long. GL
I seem to remember reading a Broker Note suggesting a sp of 20p plus. What we are seeing now is justification in such a forecast and I can see this being achieved before the end of the year.