The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
These directors are sucking the last vestiges of life out of this company. Not one has stood up and spoken out about any wrongdoing. Each is taking a pay off and disappearing before the authorities turn up. South America here they come. They don't want to be around when the final bell is tolled. Shameless. Hey Brian, do you remember Mr Parsons misleading shareholders?
in trades since the placing shares were introduced to AIM. Nothing nefarious going on with this share. A conflict of interest with the CEO, so what? Dodgy CFO parting company just before the 14th February, the best CFO would always do that. Keep that carrot dangling just out of reach. Poor Mr Parsons. Who would wish him ill luck? They are collectively responsible. With the remainder of the board of directors. We must give credit where credit is due.
Tape and store the interview. It might be deleted in the future. What is said might later be denied. This share price needs pumping. There will be a hope it rises in anticipation of the interview. Don't be drawn in. There are telephones in Australia. Has the pending court case been averted? Is a fresh cash raise on the horizon? There is a need for pumping. Hence the interview. Prepare for poor news.
Could they be linked to B&B transactions?
since the placing shares were admitted to AIM. Nothing changes. It would appear everything is rosy. I would have thought a new CEO would have been found by now. Especially with the conflict of interest of the present one. I'm sure he isn't standing on the neck of the company whilst squeezing the last vestiges of life from the carcass. JJ is sitting pretty, not eeking his blood money out of the company before slipping away just before D- day. Nice timing. And Mr Parsons, who can blame him, when there's CCTV evidence all over the place, why not deny it's you, no comment and sit on your hands. That way they have to prove you responsible. What's this about a 50 metre corridor? Yawn.
You're correct. Environmentalists will love it. Scrape 630,000,000 tonnes of rubble out of the ground, put it in trucks and drive it to the coast on local roads, ship it to Australia and treat it with nitric acid and deposit 630,000,000 tonnes of rubble(contaminted) in Australia. The environmentalists will love the it. And the locals.
A 600,000 tonnes a year (of 1.6% nickel) contract from New Caledonia. A supply already up and running. A proven model. As much as a new plant could cope with. Little need for Mambare. I don't understand why it is a game changer.
C4 Energy has bought the debt. Nuog is responsible for repayment of the debt. It is corporate debt. The two C4 Energy shareholders parachuted into Nuog by C4 Energy may stay with the company or they may not. But the debt remains with Nuog. They will be charged with bringing into the company an asset capable of repaying the debt. C4 Energy will be repaid. If things go great they might choose to exchange that debt for shares in the company. In which case they will sell the 5,000,000,000 shares in the market. They will get their investment back. Get buying. They need your money to make them richer.
C4 Energy have bought the debt. That is their interest. C4 Energy did not buy any shares in Nuog. The new board of directors have not bought any shares in Nuog. Any potential new shareholders would do well to note the facts. Keep your money in your pocket.
Two cash raises since October. These things come in threes. The next cash raise will be colossal. Prepare to be overwhelmed with new shares. Any potential new shareholders should take their lead from the two new board members parachuted in by C4 Energy. Have they bought any shares? Nooooooo. They're not averse to buying shares. They are both shareholders in C4 energy. Didn't that company just buy the debt in Nuog? Debt represents the history of the company. Buying shares would be an investment in the future of the company. They haven't done that. Follow the leaders and sit on your hands. Keep your money in your pocket. Don't get caught up in the inevitable hype. Otherwise you will become a long term holder hoping to trap the naive investor into a tangled web.
" The Offer would result post end 2021, based on current oil prices of around $70 to $75 per barrel Brent, in a total gas sales price (variable plus fixed) of some $8.50 to $9.00 per million British Thermal Unit ("mmBTU"), assuming a $1/mmBTU pipeline fee**".
https://www.investegate.co.uk/sound-energy-plc--sou-/rns/tendrara-gas-sales-agreement-update/201905010700046492X/
Gives an indication of the cost to the tie in. " and a fixed element paid to the Company to fully cover the transportation cost of the gas in the planned Tendrara Gas Export Pipeline". i don't think it will be significant.
Sorry to see the abusive post removed. If I have a preference I like to see them remain. I understand the ire. But I do not post to warn long term holders. They are seasoned investors and are not for turning. And they do have the option of the filter button. Let it be a warning for any potential new investors that there are many people who are desperate to regain losses posting on here. Understandable. But that sentiment is far from Nuog being an investment proposition. What you read might be false and misleading. Forewarned is forearmed. There is more than is party after your hard earned.
Surely this is not what you are referring to:
https://www.investegate.co.uk/sound-energy-plc--sou-/rns/director-pdmr-shareholding-and-issue-of-equity/201809261017409988B/
What a horrible outlook on life. Stop moaning that you were naive, trusting or innocent. What was done was wrong but let us not here about your concerns. You were a victim but the crime is done now and let's move on. What a sad place and what a dangerous place the world would be if everyone took on that attitude. The old reactionary blaming the victim. And all to save some lazy, idle appeaser the trouble of pressing the filter button. The morals of a frog. Hop along.
" If by now you haven’t worked out the implications then let me spell it out. You’re starting a race with a handicap. You can never beat the corporate flippers because they have a 50% head start with access to the news flow. If today you were 20% down on your stake bought at 0.075p they would still be 30% up. It’s a race you can never win".I
A good example given to all in the recent £420,000(gross) cash raise. The buyers of the 800,000,000 placing shares also take home 110,000,000 warrants that are convertible into shares at any time. That is about 14% discount overall. When you come to sell your shares you will be competing with these people not an " immature arrogant self conceited person" like myself.
https://www.guerillainvesting.co.uk/2019/10/23/nuog-hans-christian-andersen-the-emperors-nu-clothes/
" James believes strongly that the future for battery metals exploration and development appears bright".
Read his lips. Exploration and development. Not production. There is no chance production at Mambare will take place under Regency. Don't worry about bridges being washed away or how 630,000,000 tonnes of rubble is going to be trucked and shipped to Australia. This is going to be touted as a world class asset in an effort to sell it to buyers who haven't bothered to show themselves in the last 15 years. I think they can wait another 15 years. But don't worry. It is not important that nobody wants to buy the asset as long as there are people who will buy the shares. Are you hooked yet?
I cried after reading your posts. God help the world.
630 million tonne of what?