Member Info for LongTrek

The big question is, when are Huo going to hand over the cash. We're nearing the end of march now so that'll be 3 months since they promised to pay CGO. I do wonder if there are back handers going on at the gates, selling coal under the radar, keeping money hidden away from invested parties & so on. who knows whats going on over there. This share price should've been flying by now. but because of some bodys incompetence or dishonesty its down on its knees.

Regarding the BOD & Huo investments, in my mind, lack of information equates to lack of trust. They"re obviously withholding important info from us investors, so to me things aren't as rosy as they were making them out to be or as they should be. What could be going wrong here, isn't the coal selling on the international markets,? Whats happened to the, (in Carl Espreys words) a world class mine which has a life of 30-50 years. We're still eagerly waiting for those royalty payments to trickle down to us "small time investors". Or are we going to get the crumbs if we're lucky enough to ??

Its probably been Huo Investments plan all along, delay royalty payments to Contango, which in turn suppresses the share price, gives them a cheaper entry point, they already control 51% of the company, thats the worrying thing, & they probably don't give a damn about us shareholders. This latest RNS still didn't indicate when the rest of the overdue royalty payment would be made. I cant help thinking that i'm beginning to smell a rat.

I they do mistake the grave mistake of shafting us, then i totally agree with you InvestorPA.

Well said.

Well this did catch me by surprise as well. Bit gutted to be honest, as thats diluted us even more so than before, I didnt think they were going to raise at a discounted rate as they previously had, & i agree that the FCA should look into the number of trades yesterday, as theres obviously some level of insider trading going on here, which in the eyes of trading laws is illegal. I just only hope that NTOG can now perform in the field, and pull that oil out of the ground. Give us some payback. GLA

Still no news, And still we wait, the silence is deafening....

Has Carl Esprey fallen out with Huo Investments?

why the wall of silence..

Anyone else care to guess.?

This is good news for NTOG especially after all the negative results from previous management.

Once the bigger surface equipment has been delivered. as the current ones are undersized, then fluid volumes will increase and hence cash flow will increase too. Looks like the company has hit the $200k per month and production could exceed initial estimates which makes it all the sweeter. GLA

It could be part of their grand master plan, delay royalty payments, shareholders lose interest then start to sell their shares, share price nosedives, (as is happening), then they get in at a much lower share price. just a thought. AIMO

And thats whats keeping the sp down. If only they would communicate more information with the shareholders, then things wouldn't look so negative here. Obviously something isn't right here, as CGO have only been paid part of the promised payments. Through lack of information, could Huo Investments be purposely trying to keep the share price down in order for them to increase they're own holding,? I can only hope that production is going according to plan,

if so, then this will ease the pain.

They're not all sells, at this price i thought id add to my holding & i bought in at 16.22pm even though it shows as a sell.

i'm looking at the long term here. even though for some reason or other the operations in Muchesu haven't been what we expected, fingers crossed. GLA

Thats a positive vote of confidence that Premier Miton

are building a bigger position in the comapany.

With oil prices holding up,

Could be a good year for NTOG i believe.

I really thought that after the suspension was lifted recently

this share would fly.

But mostly because CGO haven"t received the promised

payment of which $800,000.00 is still left outstanding, then

frustratingly its gone the other way.

At the moment there are too many RED FLAGS with this share

for my likings.

So it looks like Huo Investments failed to make the December payment, then CGO only got paid

20% of what was owed in January. The January back payment of $800.000.00

hasnt been paid as promised.

What the hell is going on over there?

This is an insult to all of us long suffering shareholders.

They could at least keep us updated if there are any problems,

if not just to quell our fears. This isn't looking good at all.

I absolutely agree with you there.

CGO has got so much going for it,

but if the cash flow isn't coming in

then its not going to attract more investment.

I just hope we don't have a fund raise to keep

the lights on.

The big question is; why aren't Huo Investments paying on time??

We havent heard anything yet, so i suppose it hasnt turned up yet.

As the share price is still so low i thought i'd take the opportunity

to top up as it just seems to good to miss. That was my trade at 14.12 this afternoon.

I suppose January being a quiet month would be a good time to get in whilst

in the dip.

I do think 2025 will see a good solid rise in this sp as things are now falling into place nicely

regarding the DMS plant which is already up & running and another one to come shortly.

Royalties to be paid to a minimum of 2$million per year before even producing any

coal, makes this a very attractive play.

& fortunately the financial risk has been taken out of the company

with the experienced Chinese investor at the helm.

Heres to a brighter future . GLA

Just got home to the good news here.

Great to see payment has been made, albeit a little late,

(Contango were supposed to be paid $1m by December 2024, )

as stated in previous RNS's as i said before.

Not sure why we've only received 20% of payment though?

I know the other 80% will be received by the end of the month.

Don't know who's at fault, but if CGO were paid when they were supposed

to have been, then i for one would've bought more shares, unfortunately looks like a few

shareholders have missed out as some have sold a little early as news landed on

here a bit late.

Nevertheless things are looking better now, so onwards & upwards.

Happy New Year to everyone...except any trolls on here.

Happy New Year everyone.

Heres to a prosperous 2025.

And the beginning of the GGP Evolution.

Well i found out it was fake straight away, cus when i read it, as suggested,

i waited & waited & it didn't make me a millionaire.!

Happy New Year All.

I'm perfectly sober, how many drinks have you had already.?

My whole point about this debacle is that money may not have

been paid in when it was due to be paid in (do you get that?).

Usually companies inform their investors/shareholders

when payments owed to them have been received through the means

of an RNS. so thats why im so concerned.

I just hope that we haven't been let down as we have before.

I'm just a concerned shareholder, just like many others on here.