ggc114 Dec 2012 10:06
TW isacapable guy, but soetimes I think his writing gets ahead of his brain! Even he seems to have cut his sp target from £3 something to £1.2-£2 depending on what when and where. He claims NOP has had a 450% gain, and its one of hos star tips. What he ommits is that he continually tipped NOP well in excess of £1.20, so that rather reduces his claim in my book. Also the dilution of the placement to raise £11 million to purchase ATI, originally spun out of NOP has never been metioned since. There is no evidence that it has added any value to NOP yet after three years. The Shell fiasco was embarrassing. What company director worth his salt would let himself be dangled on a wishy washy song and prayer. If the prospects were realy as great as Musgrove and Heard tried to make out they should have been fending bidders off, not waiting god knows how long and lots of nudging and prompting to say actually we're not interested after all. Markwell Woods! A complete joke, how long did they drag that one out before admiitting they only thing we got was gold star for good housekeeping. Health and safety environmentalists are like hungry dogs waiting for the command to snap at the least opportunity.
They've been making mountains out of molehills for the last few years and we small investors have been strung along. Investor relations is or has been non exisitant. Now with the frustration of investors errupting, they have been forced into this conference and some rather light weight director purchases presumably to steady things before the conferrence announcement. Lets hope they come clean, cards on the table. We want to know exactly what has/has'nt been going on. Exactly what the near term plans are aside from Gyanne in which we are just a passenger. Otherwise as TW finally conceds NOP will just remain cheap or taken over cheap, which rather discredits the BODs five year performance in my opinion.
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