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Just the fact they’ve paid for that article shows you how far they are from a deal. Mcadder knows this very well hence his ramping posts, be in no doubt he’ll be keen to get out on this mini pump despite what he says.
NF now on the back burner despite the recent RNS (which mcadder retweeted) staying they expected to finally realise the potential of those assets. Not a word about Brazil or indeed anything else they’re raised millions for during their decade long fruitless endeavours. Why on earth would this GTW stuff be any different, as for the cut and paste articles, very interesting but absolutely no evidence of us being anywhere beyond talking a good game. The market and indeed very shareholder under water (including LT, Mcadder and Lyates) have seen it all before and don’t believe a word despite what some will say.. SP post the article speak for itself.
Nuo money, Nuo credibility, Nuo deals, Nuoil & Gas
Oh give it a rest spike lol. Someone on the sidelines who’s desperate to see it all back, yeah right
I suppose I am fascinated why someone would plough in that type of money given the history here and on the basis of yet more aspiration. It's not personal just intrigued by your actions lol, particularly when you know how they have spun out timeframes over the past 18 months.
Let's see mcadder, both reputations at stake here. My money is on (not literally) NO NEWS and the begging bowl coming round again. Can't be much longer left to run. BTW, is this SP low enough for Minty to swap his debt for equity yet? lol
So, Mcadder, you were so confident of news in May. Now, that's come and gone like so many other milestones in the world of NUOG NO NEWS.
My hunch is that you were given some indications that this was a timeline the company were working towards (end May) hence your call to Simon when it became evident it wouldn't be met. It sounds like he's made more reassuring noises as per the well rehearsed NUOG confidence routine, indeed we also know from LT that things are going so well that he rates their current position as a 4 out of 5 no less. Meanwhile in reality, we have no idea why they had to raise at a 50% discount to the prevailing SP in March, sentiment is rock bottom and no one trusts a word they say.
So here we are in June, I am not having a go at you Mcadder, I get the impression you are a decent guy and no ones fool. However, if you think about it why did they raise at .30, is it because they were able to demonstrate a clear route to an SPV for GTW? No, they were desperate, the placees didn't take up the option as an investment, instead Novum offered the option of a quick flip at half price and NUOG took the money and ran, despite their previous RNS which stated they would seek to avoid shareholder dilution.
Now I know all of this will hold little interest for you because you bought in heavy after the placing, however, I just don't believe the fact that anything is about to happen here and instead history is repeating itself; RNS with grand ideas, interest being generated, big names can't get enough of it and then NOTHING.
We all know that deals in oil & gas industry take time, but NUOG have been unable to do anything of substance, let alone bring in anything that generates cash for over 10 years. That's just sheer incompetence and I can't see anything that gives me comfort of the ability to turn that around.
The truth is NUOG has a better track record of needing more money than in doing anything that delivers shareholder value. I cannot point to one thing they have done in the last 18 months that has been for our benefit and the dysfunctional, nebulous arrangement of Minty's other companies surrounding it create nothing but suspicion and mistrust. Indeed, there are already strong rumours of a further raise being imminent and what is likely to be a final raid of the cookie jar. I suspect it won't be pleasant and if I'm honest we will only have ourselves to blame.
GS has failed to adequately explain why he has presided over the decimation of shareholder value since taking up his role or why he needed to raise at the levels he did. The SP continues to slide and as we go into a new month some will have drawn comfort from the postings on Friday that news is just around the corner, no it'll be June for sure, really.
In my opinion, the last 18 months (the time I've been involved with this company) have the hallmarks of a scandal. it's time for some people to wake up and stop waiting on a miracle, and take some ACTION
Dick, can I just check if you seriously said you wouldn’t trust someone if they were Muslim and gay? You really have shown yourself up, you’re not “old fashioned” as you state but a simple bigot and racist. Shame on you, grow up!
Don't be daft, Billf ;) That was last years carrots.
Hope you're well mate :)
This just gets more desperate by the day, mcadder confidence of news in May must be all but gone and absolutely no attempt by the company to provide progress reports or reassurance to its investors. Nothing changes here and we’ve seen it all before, the silence means only one thing, absolutely NO NEWS.
Just when will the penny drop that we need an EGM?
I’d like any kind of official update now about anything. Nothing since the placing or OO apart from more mindless tweets and a random interview by our resident spin doctor with proactive . We asked at the AGM for official quarterly updates; where are they!!?
Give me strength
LOOOOL! Looks set to be another week of NUOG NO NEWS here. End of May, another failed “milestone”.
I’ve never known such a hapless company in my life. SBP, I applaud your succinct, coherent and fact based summary of where we are with Schooner and Ketch. Yet another OSX3 IMO. Yes, plenty of other fields but where is the money coming from whilst the motley crew at NUOG towers scan more opportunities and try to drum up business.
This all goes back to transparency, time to man up Graham and take a leaf out of corporate governance from your BP days - stop messing investors around and be honest!
I’m sure it is worth asking the question, YingTong, but why so cryptic?
Thanks for your response, Mcadder and whilst you know my views on the likelihood, I do remain hopeful that miracles can happen.
Oh, come on now, mcadder! One doesn't need to question your postings and decisions to undermine this stock. Quite simply the company does that all on its own.
Personally, I wouldn't even know how to short a stock and from what I understand it seems extremely high risk and quite unethical. I cannot speak for others.
Quite simply it is time for NUOG to update the market on progress. This SP is in a death spiral because everyone knows it's running short of cash and consequently options. The closer it gets to 0.1 the more desperate things will get. The best thing that GS could do is to provide a comprehensive update on his promised root and branch review of the business and its various activities, the status of items such as NF, Campos Basin in Brazil, Helvick & Dunmore etc, including what has or hasn't happened with the various placings monies over the past few years.
Let's face it, no one seriously believes that money has actually resulted in the makings of a deal and it certainly couldn't hurt the SP much further as every ounce of mistrust and disgust is seemingly priced in. What it would do, however, is start a new chapter where we can close the door on the past, by providing openess and transparacny about the setbacks and the clear vision for GTW.
Not much to ask is it?
No of course I didn’t expect a deal to be announced that way. Where’s the mention of this speech Alison gave then? Seems to have lots of other names and panelists....
No crying or moaning here, WOBWAT. Just pointing out inaccuracies and random postings intended to link MFDEVCO with no evidence of such. I consider this a civic duty to protect other unwitting investors from being drawn into this con artist company.
Thanks for your education piece about the world of commerce as well, I’m sure Jack Welch has you on speed dial. Through quite a lot of your communications and postings you appear to have a superiority complex and a rather self inflated view of your own abilities and judgment, even influencing others around you. I suggest you climb down off your high horse and recognise that you are clutching at straws here and that no one really knows what on earth is going on.
Until the company is explicit and or direct evidence emerges, expect it to be challenged.
Have a great bank holiday weekend!
WOBWAT, not only doesn’t it state that no deal hasn’t been done but neither is there mention of MFDevCo/Alison being a panellist or gas to wire being a subject of conversation or part of the “digital transformation of Oil & Gas”. Also looks like any Tom, Dick or Harry could register to attend. If of course they’d been allowed to register their interest in advance. I for one would have loved to have see Alison and our great partner. Siemens, share the stage and talk openly about how we could collaborate.
I honestly don’t know if you guys are kidding yourselves or just kid others.
Let’s see then, Mcadder. You don’t address the issues of transparency or the company’s complicity in rumours which ultimately makes their conduct questionable.
Mcadder, you have absolutely NO evidence we are in any way involved in the the activities you’ve outlined. Indeed, another subsidiary of Siemens is actually leading the work and not the dresser rand arm we’ve ponied up with to give right of first refusal in supplying equipment to us on any potential deal.
You forget too quickly that we once had Seadog confidently telling us all about Dommo, the bondholders, the OSX-3 and how all those indications and dots were lining up in our favour and a transformational deal was about to drop. The company sat back and allowed that to play out on a public bulletin board but quickly issued a threatening RNS to stop “rumours” circulating from Newfoundland. Rumours which clearly turned out to be true I may add, the project hit the buffers but have we ever truly had a full account of what went wrong on there?
Mcadder, you can choose to turn a blind eye to the sins of the past but please don’t fall intro the trap Seadog et al did which was to do the companies bidding for them and keep the carrots being dangled with random articles and activity which we have no evidence we actually are part of.
This companies behaviour is been morally bankrupt over the past few years. As you know, I’ve written off my investment here, however, if they make it to January 2020 and have an AGM rest assured I will take great pleasure in attending and holding them to account, it will also mark the end of their ability to raise non pre-emotive funds of that I’m sure.