The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I sold all my holding here
On companies house Britnrg is liquidating, gerritson is removed as a director there and the person filing it has filed as liquidator
These guys have done a business transaction of acquiring an asset in an spv without proper due diligence
Maybe we will get back all we invested but from the look of it, creditors are not being paid by britnrg and have now asked MetalNRG to pay as they were guarantors
I hope to be wrong and hope the remaining shareholders make their money or atleast breakeven
Thats a good idea if have atleast some honesty left in you, so you can do some good parliament debate and work and as a perk, you do tend to overextend a bit of what you can claim
Our dear friend doesn't have to do any debate, any campaigning for votes, nor need to have any interest in developing local communities. Why would he leave something to be a Tory MP, which for many is too good to be true
He will continue ruling his fiefdom, his honeypot, keep on raising cash to buy wasting assets, rinse and repeat. There is no shortage of gullible get-rich-quick punters. This hope keeps the entire market going, what is a small 3m company. You're giving him much more credit than he deserves. Wait for the next fundraise that "was not solicited" but just about landed in our laps
Why don’t you write to the board, the board are not obliged to read forums neither allowed by law to publish price sensitive information on them
The crypto mining offer will come in an rns very shortly as soon as Matt’s cash cow is temporarily depleted and he needs it replinishing, I hope I spelt that correctly for the language and grammar enforcement police although my phone says it’s not correct
The board won’t answer you anyway because their houses are more valuable than the companies they are board members and ceo of and you hold a smaller value in the company than what their house dust bin space is valued at outside in the garden where it’s collected from
Vast were always known historically to do death spiral finance and whatever terms they could get money at
In the end, there is a resource, let’s say for simplicity a house bought by 10 people, called shareholders and it’s not rented, it’s being developed. The house next door was sold for £3m and the developers continue to ask more funds and add shareholders. At some point the expenses on the house exceed to 4-5m but the house value doesn’t change
The share price has to reflect this deterioration of value
While the crude prices are at all time high and will likely touch 100-120 why dont they sell all assets at £10m and redistribute £9m
Each one gets 3x the current price and then the board can always look for different industry to work with as long term oil forecasts are not great and no matter how much cash they generate markets are going to discount it
Sell while prices are high and then look into where your expertise is, mining maybe acquire/develop copper
Atleast having an offer and putting it in front of shareholders at this good rates time would rerate the stock
Its probably very easy now to sell a producing asset as countries are struggling to get their hands on crude resources.
In all the crude price rise, ntog has not participated and its frustrating
The markets are ultimately always right
I have a decent holding here and not selling unless I am in need of funds but so much dirt being thrown and logfran , its a good way to make a positive experience and next venture more people/investors might actually back him up
This way if we have 4-5 years of good crude prices, electric vehicles will eventually catch up
Even Saudi Arabia encashed by putting Aramco on the exchange while they still could
Currently we are listed at below the present value of 5 years cash flow !
At crude price of $75 our net present value is $22m and we are showing £3m
Surely someone would be willing to pay us half of that !
Good decision
Because of board incompetence the company is trading at cash
Rough back of envelope calculation, development cash for the mine $4.5m apparently fully funded
Cash raised today £1.35m
Market cap of Vale £7m
Further committment, diamond mine December around $4m - The board has not finished milking investors with one mine so they now need another line of milking cows. Further funding in December more or less written on the rns, further diluting exiting shareholders. Why not list another company, firstly diamonds and copper dont mix and secondly you have shown no aptitude to buying and developing assets successfully over the last 7 years.
What a JOKE !
Investors initially will look for low hanging and visible fruit which are the like of Aramco, before eventually looking for smaller companies
There is steady flow of interest and market makers are willing to take a large quantity off your hand based on demand
As selling gets absorbed we will see very quick rerate
0.70 being a key resistance, if and when it crosses...
Watching this company since 2017 when I had put some money but took it out
How the ceo such as ours gets appointed, I am very much interested in the job where you can live a continuously public/investor funded life while not have to show any proof of development just words and promises
Energy-strapped China and Japan are snapping up cargoes of American shale gas to ship it across the Pacific ahead of winter
https://twitter.com/business/status/1453073470489780232?s=21
https://twitter.com/business/status/1452910035542192131?s=21
Copper mines are being bought by big firms in anticipation of huge demand coming from car industries
Last year half-yearly update was sent on 30th October so we might get an update within a week on many outstanding issues
A lot of traders probably are in at 0.5 & 0.67-0.70
I think that level has to overcome first before any meaningful price up
https://www.zerohedge.com/commodities/jpm-we-could-be-just-weeks-away-cushing-being-out-crude
Thanks Helpful !
If you read these 2 paragraphs from the last update, Tunisia update is coming soon as funds are now in place
"
Nostra Terra has continued to assess a number of new opportunities, both in the US and beyond. In April 2021 we announced that we were in exclusive negotiations for a large parcel of acreage in Tunisia, a process that was well advanced before the recovery of hydrocarbon prices. These negotiations continue to progress well.
After the end of this reporting period the Company was able to announce a doubling of its senior lending facility to $10 million, an increased borrowing base, and a substantial boost to its reserve base.
"
There is a high chance they might announce this very soon and will add further to resources.
Opec has refused to increase production, and traders are now putting bets for crude to trade substantially higher
Most crude companies are trading in higher range and its only a matter of time for ntog as well...
What balance of results are we expecting ?
I think there has to be more drilling and maybe tailings related news
So far good progress and within expectations set by board
Funded for more drillings along what the team found, they will try to drill further around the 8 & 2 grams results to add to resources