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So what you are saying Taxi - the company don't want shareholders only institutional investors, if that is the case then there is really no need to get a stock market listing - it could well be done in a totally different way for Guardian as the old company.
Now if you say that they have the money - if they have the money then this would be not a problem ---building book requirements - there are no more requirements than having the money, The long Stop basically means that conditions have not been met and by this we haven't raised enough money as of yet, or a price of the placing has not been agreed as of yet. I don't buy into the fact they have raised all that is needed,
As said yesterday as long as it re-list that is the main thing.- however this was delayed due to M and A saturation in the market - which clearly indicates they hadn't at time raised enough hence why they couldn't re-list straight after the GM and 4 weeks later they have still not raised enough to re-list - it quite simple.
To be honest if they are worried by 400-500 million legacy shares which after consolidation amounts to next to nothing - it won't create a dent to any share price going forward. If this is such an attractive opportunity then surely people will pile in on re-list - we know that the majority will be in safe hands anyway and very little shareholders like us. So if/once they raise enough money then it will re-list but to suggest they have the money now - i don't believe that for one second. Plus why assume legacy holders will sell, if the new company is worth investing then we have waited all this time we want to maximize our return of the initial investment so will keep invested, as said earlier the amount in legacy holders hands is very minimal anyway to really worry about.
In the grand scheme of things as long as it re-list so we get the chance to re-gain some funds invested it doesn't really mattter. What really gets my goat is they go on about coming away from NUOG and starting a fresh and putting the past well and truly behind them - but then fall into the same old habits of non communication yet again. On or before the 24th - Their deadline not ours - and they wonder why they get investors angry comms - I don't agree with the abusive emails they receive but its little wonder why they do. When they announce a date people expect to be updated and when that doesn't come investors get angry, if they do want to progress then they need to improve comms all round - its not hard - If they have to delay then so be it but tell us instead of leading us into the dark. Old legacy holders like myself they aren't interested in that is for sure we will be like an tick... we are just a consequence of what has happened from the past... I haven't decided what to do with my holding I had written it off but if this is the sign of things to come then best of selling doesn't fill me with confidence at all. I would expect better from the largest Shareholder and if he was on our side of the fence now I think he would have something to say. It is not hard to put a statement out.
Just a waiting game now. I am hopeful we will get to know something this week, if my timelines have been accurate. Anything from tomorrow onwards depending when the initial draft was submitted.
Yesterday RNS was a pretty good indication that this is set to return from the dead. I think most had pretty much written their investment of altogether so any re-list price is 100% more than what it is today. I for one will be grateful just to be able to access much needed funds as and when. Would be delighted if this re-list close to the 1p mark in fact I would be over the moon at 1p, it will all depend on future plans they have already set the ball in motion with Big Phil being the Brand ambassador, so I pretty much think they need to do the formalities first with getting the prospectus tied up dot the I's and cross the T's - its closest they have been but until they regulator approval its not done yet, however it was a pretty good statement to say they are aiming for the back end of June to be trading again so I would think they have assurances that it will get approval from all concerned. So with that in mind and the fact we will have 21 days notice from the announcement to GM that puts us in the region of last week of May first week of June to find out the business they will build.
Its been a long wait for all of us and finally it could be over and a brighter future ahead. But even if this re-list at 0.1 of a penny its still a lot better than where we stand today. Just want all of us to be realistic of the current situation and don't be too disappointed if it doesn't come close to the penny, something is better than nothing as they say (after all we had written this off)
I would hope 0.1 is the minimum , but as it stands we lose the lot that we have all invested, so just re-listing will be a success in itself. The proposed business (initial) I just see as a starting point and a catalyst and a stepping stone so I'm not expecting massive fireworks to begin with but that is just me being cautious we have all be stung here with the Minty's would be great if did re-list at 0.5 as that was my average before suspension . On relist there will be a re-rate of some sort but it will be down to the market and totally out off our hands but i'm keen to know the future plans and what they have in mind for the business which will determine if I say invested or not.
I personally don't think we have too much longer to wait considering it was 6 weeks since the RNS- Prospectus can take anything from 6-10 weeks to publish so I'm sure we will know our fate soon enough. The most important aspect at the moment is that does get approval and the transaction gets cleared.
I'm trying to be realistic with the relist price -I am hoping anything from 0.1 to 0.2 anything above this would be a bonus in my eyes would put a valuation of between 4-8million on current shares in issue. The defence/ security sector is a huge market - it all depends what forward planning and strategies they have going forward which will make the company.
I've not read the article from them, but going by the title is a nice deramp spin on words. IMO
I think I am right in saying in the new Prospectus and because we are going into the main market they have to stipulate a share price .with in this. I am sure I will be corrected if that is not correct
He is still fully invested
Thanks Eddie,
I'm good thanks. Hoping to be in attendance come the 4th Nov, just trying to finalise arrangements to get there on the day where I do think it is important to attend and get to hear from the New Team.
One thing is for sure that this company will be a total new company going forward. I will not be putting any more money into this as we simply do not know what is to come here and the strategy that they will adopt for the future. To me there is only one reason and one reason why anyone would take on debt and that would be to drop in an asset. The next couple of weeks will likely be the same but until the new team outline it strategy then nobody will really know until then.
LTH including myself have lost in paper terms atleaast a lot of there original investment based on the lies of Minty but if there is half a chance of clawing back losses then this is it and I would say many who thought that this was going to be a long term play with MF deals galore will probably have to adopt a different outlook but again this will all be down to what this new team are going to do. Its clear that the RNS basically said we would put into administration in effect losing the entire pot, the amount of paper loss and at this price it really is pointless in selling, my assumption is that an announcement of a asset that NUOG will RTO into and NUOG will change its name and we will have an entire new bod with just Graham and Frank of the old guard.
LTH have a another life and I do believe that we owe a lot to Graham and Frank that have secured a chance that long suffereing shareholders can atleaast redeem some amount of money. I think once Graham got his feet under the table he realised that something needed to be done and this is what we have in the coming weeks.
Lots of people are going to manipulate this from now and until then however its better than being in administration. Nobody knows how this is going to pan out but if they have an asset to announce in the next month or so then this will do wonders for the SP, then it will be decision time for lots of people whether they go full tilt with the new team or call it a night and part with more off there orginal investment.
People entering at this level will see an opportunity to make quite a bit of money in a short space of time and have benefitted in what has been a ****storm of a share over the past 2 years.
Its going to be interesting to watch, that is for sure. I am nervous but I do see light that we might just get something tangible albeit not what I originally invested in but the main thing is that minty will have no future funds from the company and any dilution or placing will be put to good use . Again time will tell
Personally now we have all go to think of Nuog as a new company going forward and totally forget the past and Minty to boot.
This deal IMO has not been done to save minty goin forward it is now quite obvious in hindsight that Graham and Frank have secured a deal pending resolutions to save the company from going under in the next few months and to stop Minty and his fantasies of MFdevco, those people thinking all of a sudden Minty will announce projects for MF on day one are deluded as much as Minty himself, Minty I very much doubt has 2 dimes to rub together to raise a penny of private investment. He has 100% of nothing with MF.
Now as a LTH here that has a paper loss to much to mention we have now a new backer in C4 that have taken on our debt and put in half million of there own money or there associates money. Effectively NUOG has a clean balance sheet going forward. C4 wont have done this for laughs and from what I can gather are not in it to lose money and the levels we find ourselves today there is value to add here and that is why I would have thought they have chosen us as the shell of choice. I am sure they will be able to utilise some of the tax losses moving forward also but I'm no expert on that area.
I do expect them to announce there plans and project this quarter probably after the GM but would love to hear from them beforehand. Whether this is a long term play going forward is anyone guess and decision I suppose everyone will have to assess when they know more but what I think will happen in the short term and if any announcement involving an actual project then it give LTH a new chance off recouping losses maybe not all them but maybe 50-75% which is better than nothing at all if we carried on with Minty and his lifestyle.
People going on about placing and dilution not all placing and dilution is bad for a company it is only bad when it is mis used and nothing ever come from it ie Minty. I will take dilution if these guys put in a tangible project and we can see a project with material results going forward.
so in the short term I do see some upside if all resolutions are passed to save the company in the first instance, then it wil be a total different company going forward so my view there is no point in banging on about Minty he no longer has a say in anything going forward
So vote for the resolutions and let the new dawn begin. I will then decide from there what I do with my money based on what the new guys bring to the table.
Have a good day everyone.
That is the problem they haven't got a life. Spending day and night on a share message board but hey ho each to their own. They will look very foolish imo soon enough. You'll probably find the majority of the posters is one person namely kev and his sidekick racey both sad sacks then you got the ever delusional BT and his ramblings. Bet they make great party guest.
I see this forum as postive steps by NUOG and good for all shareholders.
Never have we had as much info from them as we are currently getting now for the all important bit to come.
All the best
Agree Sharelock,
http://forums.mfdevco.com/
Because GTW is a myth. Lol
Just following on from that link, just to say next geosolutions tender manager will be present, now who is in partnership with them.
As said it was a sweeping statement by yourself and as being in recruitment for the past 20 years in the sector I work in then we can't afford not to have morals or ethics.
Other areas and sectors are totally different to mine, but sorry I had to respond to that as I take my job seriously and I am proud of what I do. I've made my point and that is it I am not after a tit for tat.
I think this BB very much needs a cooling off period in general as it become toxic and really of no value to anyone invested or not.
We now have to leave it with the company. Right at this moment it is what it is and there is nothing we can do about it but to wait and see what the next instalment is.
I'm off to enjoy the sun as being the Easter holidays I get a bit of relaxation time.
All the best
My word, I go out for an evening and all hell break loose on the BB, not even going to attempt to read all message.
However I did see one post that I have to question about the profession of recruitment, I am proud to run my business and work tirelessly putting in many,many hours in doing so. Apparently we have no morals or ethics nice well just think the next time your son and daughter is taught by a supply.
Next time I come across a sex offender I'll just let them run riot in our schools should I seeing as being in recruitment I have no morals or ethics. In my time have have stopped well over 50 being registered.
Recruitment is a vital part of our economy I also pay pension and other work related stuff, so before you make a sweeping statement on an industry you clearly know nothing about or the safeguarding procedures I have to go through and the personal cost to the business then please stop to think before you wrote such drivel.
Agreed Snowman,
Once Sivas Project gets approved it WILL be RNS'd
yes I am well aware of that.
Its high risk/high reward.
if WA audit is successful then I do expect this to be a very good investment at the present.
Maybe the 1500m of the office Olympics is in its final lap.
Here's hoping
Yellow,
They have enough in the coffers until the end of June so another 2 and half months before a raise of some description.
Between now and then I would expect confirmation on a number of projects, one being the sort after WA audit, which should in itself provide a much needed boost to the SP, which I am expecting to be good, but I am airing on the side of caution. But I do expect an uplift either way between now and then.
So it is a waiting game as per normal for the time being.
GLA and all the best
https://www.gov.uk/government/news/british-experts-visit-chile-to-participate-in-international-workshop-on-lithium
Just a reminder off our little trip to chile with WA