Member Info for orslega

all though we see mostly red - allegedly sales, the mid price has been 0.0285 since 7.49am this morning; so you can say with confidence that anything over that is a buy; so although very little volume, the majority have been buys. By the way, that is not imo, it is a fact - I have just tried a dummy sale = 0.272 and dummy buy = 0.0295 MMs very happily to take 10M, without going to no trade, so I am guessing a buying might be lurking : )

agreed; and particularly this weekend - LM19 news is well overdue. imo

(assuming displayed buy/sell correct) who then bought 3.6M share at 0.0293 and then sold them 53 seconds later for 0.027. Takes 53 secs for investors to change their minds these days, lol (And the reason why so many make losses)

I'll beat that blingybird; whilst a comprehensive roll out of Shoats Creek workovers will be very welcoming in terms of material revenue generation, that will not be the game changer; MX oil services will be the game changer, imo

re Alta Loma, Active Resources AG is the operator; they have just done a presentation for their shareholders...take a look at page 14 - looks like something maybe stirring (previous plans were put on hold but as gas prices have been rising quite recently and as AL is a gas play, we may see some action). Interesting. http://www.activaresources.com/medien/medienpool/Activa-Resources-AG-Corporate-Presentation-June-2016.pdf NCT acquired their interest in 2014 - the deal: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NCT/12068020.html

8/6/2016 RNS re LM19 gave a hint -0 several it seems; and as each workover is completed, that must increase the data enabling decisions to be made about future locations, imo "The decision to undertake this initiative was made due to the potential to add meaningful reserves and production at low cost. Initial results from this initiative are expected in the near term. A successful recompletion will potentially add several drilling locations to the inventory of viable Frio drilling locations at the Shoats Creek Field. "

yes, given that LM21 has NOT happened as planned but investing $80K workover as opposed to $800K full drill is the key......much more effective use of cash in terms of returns : )

yes, given that LM21 has happened as planned, it looks like carefully planned workovers are the way to move the SC field production forward; what I find as interesting is that guided by their Nomad for sure (he lets nothing get past these days without deep scrutiny) the company is allowed to carry out workovers (if that the case - well we know LM19 was completed after it happened but still await results) without needing to tell the market or State of Louisiana before so; or so it seems. Maybe then we might get an element of surprise when the next Shoat Creek update happens. Very possible I think. imo

Just to finish off on some relevant research on Achar connections etc http://corporate.ppg.com/Media/Newsroom/2014/PPG-completes-acquisition-of-Comex Achar family still involved today. “As one of the largest retailers in Mexico, we plan to continue strengthening our distribution model to help more Mexican families to protect and beautify their homes,” said Marcos Achar, PPG Comex CEO and PPG vice president, architectural coatings, Latin America." http://www.themanufacturer.com/articles/ppg-comex-opens-4000th-paint-and-coatings-retail-location/ You have to ask yourself why on earth would Abraham Achar want to get involved with Northcote. Any one might just think that he might have ambition - like his Uncle. Pretty sure he does. Plenty of family pressure to perform, lol

Could be wrong but I recall researching that Comex deal with Sherwin-William a while back - I think it deal fell through and Comex ended up being sold to PPG Industries, for big bucks....just $2.3 billion to be precise. Abraham Achar's Uncle was the founder of Comex and AA was involved. Strangely, he understands big MX business, as per his CV. ha ha http://dealbook.nytimes.com/2014/06/30/ppg-industries-to-buy-mexican-paint-company-consorcio-comex-for-2-3-billion/?_php=true&_type=blogs&_r=1 https://en.wikipedia.org/wiki/Comex_Group On shares, no idea but he I suspect performance related options to him will be far more attractive but in the scheme of things it won't be an issue - helping make Northcote grow in serious value via Mexico will be his personal driver/goal. imo He's been full time Mexico for over a year now. Now, if Heriberto Gonzalez is involved with Abraham Achar (I strongly suspect that he is based on research I have posted here) "all bets are off" imo

eh bigtimber, very good info as usual, peeps pay attention now, lol You have been talking to the right people...quality research pays : ) Fact. watch it now, you'll have Mr M on your case soon.......ha ha

use of placing monies: 30/6 "As of June 30, 2016 commercial operations utilizing a portion of the facilities at our remediation plant have been initiated. The revenues generated will be reinvested into future expansion of the remediation plant, which can easily be scaled up to meet expected increases in demand both in Tabasco and across the country." plus, "easily be scaled up.....across the country", what does suggest, apart from more Jam outside Tabasco. Role out of more Remediation plants, maybe?

all AIM company placings have that statement referencing working capital, cannot think of one which doesn't (usual policy)...but for completeness Mr M, the last placing RNS to did actually say this.. "to raise gross proceeds of £500,000 (the ‘Placing’), which will be used to complete the Mayan Drilling Fluids remediation plant while retaining adequate working capital and flexibility to consider other strategic opportunities available to the Company" and in the same RNS it said this: "To this end, Northcote is in discussions with US based providers of services to the downstream oil and gas sector regarding various potential business opportunities, joint ventures or potential acquisitions for purposes of addressing the opportunities in Mexico." (I favour a JV.) If as blingybird says, a company uses placing funds to accelerate an opportunity then that has to be good for shareholders. Not rocket science. We have since been told that the Mayan plant is in production, so there you have a good and very current example of placings fund putting the company in position to generate revenues.

"If so, why would they sell at this juncture?" Given your other postings I'm not surprised at your question above. You said a couple of weeks ago that you had learnt many lessons about AIM to your cost over the years, well here's the another. AIM for many is not for investment - stating the very obvious I realise but how many times will you see punters come into a share and leave in no time because the next chasing rainbow appears. That is why they make a loss, simples. I suggest you pay more attention to the larger money action that might give you a better clue where things are heading imo

Correction I am looking forward to him closing his short very soon otherwise at a huge loss; (otherwise being the operative word) imo (But as I said I don't think he's even shorting, just someone who cannot get over a very bad AIM experience with RRR, such is life but most move on).

Pontil - how dare you suggest Mr M may have bought some shares. Ha ha I am looking forward to him closing his short very soon at a huge loss (but don't think he's even done that.....money where mouth is doesn't even come into it.....and of course he will tell us that very soon..) oops we need a goal back, now two : (

Blingybird - well said; he's a very sad case, by his own admission (RRR postings) very badly affected by his AIM experience I suspect over the last 5 years - Andrew Bell must take his fair share of blame. But he decided to back him, buy and then average down quite a bit, his choice. He cannot put that behind him. LSE admin are watching his posts - cannot magic them away.....first boiler room accusations on a number of posters, now accusations of posters lying....does not look good.....

Mr M - lol desperate stakes there; for sake of balance though - how many sells at 0.026 and how many buys over 0.03...have a look, .the buys have it, by a major mile what does that tell you, yes there is demand - wonder why... Well done Andy, now Wales turn : )

don't you mean, perfect storm, ha ha

quiet for my liking, who just bought 35M shares then, last batch at full ask