Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Separate not sewerage, although that is disputable.
Clever spell check!
Interesting post SBP, if you believe those at the helm have sociopathic tendencies then it would fit the bill to press the self destruct button rather than let anyone else have it.
To quote a Russian fable
A scorpion asks a frog to carry it across a river. The frog hesitates, afraid of being stung by the scorpion, but the scorpion argues that if it did that, they would both drown. The frog considers this argument sensible and agrees to transport the scorpion. The scorpion climbs onto the frog's back and the frog begins to swim, but midway across the river, the scorpion stings the frog, dooming them both. The dying frog asks the scorpion why it stung, to which the scorpion replies "I couldn't help it. It's in my nature."
This swamp certainly needs draining
There is only one point I disagree with SBP, I believe the court case in NF is against a sewerage entity with personal liability to AM.
Simons email means consolidation to improve trading potential, nothing less.
This share is on the cusp of the 0.0008’s
The next carrot is being peeled by the Minty household, ready to be hung out and secure a placing.
Either that or consolidation soon
Well, they have been working hard at the coalface for so long there can’t be much left of it!
What happens when the coalface runs out, will we buy a new one? Time for another dodgy badly recorded podcast or to be told these things take time.
Can things really be done so badly or is it intentional?
I think the only reason they would pay themselves in shares is if there was not enough cash and it was a last ditch effort to try and raise the shareprice before a placing. There has not been, and will never be any decision that will be made with shareholder value in mind.
We continue paying Damian, Graham and Simon for achieving nothing. I wouldn’t trust them to run a telephone box, they would mess that up in short order.
Weeks have passed, nothing has happened but the price has gone down. I wonder if shard will get their £200k interest this year, will anything be left for the experts at RMRI to assess marginal fields or GTW. RMRIs valuable service has proved a really great investment of shareholders funds. The Directors of that company have done well from us, oh hang on the directors are Dominic Minty and Alan Minty (appointed 25th February 2019) in place of Alison Pegram as she was appointed MD of NUOG. Little shuffle to keep them all on the payroll and the gravy train full.
How much can RMRI charge for services this year, why would we look elsewhere for the valuable services they provide?
I wonder how this will end and I hope Karma catches up, the yin has been with the Mintys. Yang awaits
With the current spread around 20-30% this share is in a real pickle. Traders will run a mile as it needs to rise by the same amount just to break even.
Consolidation seems the only option before a placing, of you go by the last years run rate cash must be very low.
There is nothing from the board other than hands on ears waiting for the next pay check. There is disrespect for shareholders and then NUOG take this to a whole new level.
Maybe 3 more weeks of no news but a few shareholders deciding they will take some value from this whilst it still exists could push it down further
Agreed SBP.
If only the well was dug 60m away BS. Barry is English your first language.
Newfoundland may have considered a well 10 years ago but not now. Oil and gas a dirty word
With the shareprice so low, a drop of one point is at least 13%. This has left it un-tradable, if the mms get more sells than buys they have no option but to drop it. They do so and every drop hits the shareprice with a massive drop. They do need to consolidate as the current spread (20%-33%) due to the low s.p . Makes it un-tradable and is magnifying the current issues.
No traders, no trades, only long term holders taking a piece of their money before it is potentially wiped out completely.
But why the silence and apathy to do sweet fa, I sense all is not well and there is more than meets the eye on this, such as there being some merit in the court case or worse still some guarantor clause.
I have read some comments about LT that have upset me, I have met him a few times over the years and he is a genuinely nice genuine chap with high values. Some are blaming home for sucking investors in, take a moment and put yourself in his shoes. He has lost the best part of £1m and been orchestrated by this company, manipulated against his core values and will be worried sick his values have been compromised by others less well off than him losing money on his say so, I suspect he is more concerned about losing others money than losing his own money.
Unfortunately he has been played by an expert narcissistic sociopath with no moral compass, as has have many others misguided by greed and gluttony.
I imagine Simon knows too much for them to get rid of him, he will stay to the end!
One thing is for sure, any future employee will do their due diligence and see what a mess he made here and never employ him. The price he will pay is no future employment, he could be another victim of the Mintys.
One day you may get asked if you would like a large meal, recognise that face and be told “it will be with you in short order Sir”
The last placing was less than 50% of the shareprice, Novum are not going to place at 100% of the shareprice. They are ruthless and Nuog will have to consolidate before they can place.
All in shareholders interest of course..................
If there is no news market cap will be £1m after the next placing. Too many people have been stung to let them get away with this again and draw new investors in with the regurgitated evangelical preachings they have used so many times.
I have seen exactly the same email from other investors. He has literally cut and paste.
Bend the truth as well, Mcadder has sold out not reduced his holding.
Can’t believe we employ him when cash is so tight, but he probably knows too much to get rid off now.
Alternatively we could be seeing forward selling ahead of a placing, it has happened before.
If they raise the full 35% that’s 500 million shares! Given that we seeing only a couple of million of volume a day on average, it will take some shifting to get rid of all those shares. Especially in the vacuum of tangible news, loss in confidence of the board and erosion of trust.
Novum are ruthless as well!
They wouldn’t have held the egm if they didn’t intend to place
Placing coming, just the price is a mystery.
0.1 is my best guess
Whether there is a case to answer or not, it still remains at question if Damian Minty as finance Director did his due diligence on PVF?
The lack of such due diligence has got them into this mess or where they so desperate they needed to enter any deal to lift the shareprice
All well and good wobwat, if there is ever an intentional that this outfit will benefit shareholders. The last 4000 days would suggest not along with the “lost” £40m
Personally I think it is the duty of this watch to prevent future investors to be robbed blind by this investment. Whilst I have lost spare cash there are many that have lost pensions, livelihoods, wife’s and family as part of the £40m they have squandered. Don’t let them do it to any more people, hence why the oo was a good idea, it puts a ball and chain around their recklessness
Spellcheck.......forgiven
Well sbp, have you left whalley for beathearder. The only way you believe this will be a happy ending is if you suck in enough entonox.