George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Mcadder predicted news of first deal by the end of May, LT more recently states June. All the while selling outstrips buying, the SP continues to drop and paper losses mount. Irrespective of not being concerned by daily fluctuations, I’m certain Mcadder didn’t buy in at .30 (in the volumes he did) believing in his wildest dreams he’d be more than 20% down a couple of weeks later.
If not already I’d be questioning what on earth I was thinking. This company are a master of a hustle and keeping significant holders on the hook via reassuring one on one chats, why can’t they provide the same reassurance via regulated news sources?
GS has failed to impress or to provide any evidence of significant progress other than more aspirational nonsense about us being first to GTW market in an area we have no credibility and no money to make reality, £500k is chicken feed. So once we get to the end of June and no news when will any significant holder who’s seen their investment decimated have the moral courage to call time on this shower, get an EGM going, forensic investigation into the accounts (just where has all the placing money gone) and hold them to account?
The levels of denial and “belief” in this dead duck on this board are amazing. I hear some of the LTH also believe Brazil is just about to land now too. All the while Dommo press ahead with their own well documented redevelopment plan... LOL, just LOL.
Still when the company aren’t transparent and let the PIs join the dots themselves it’s only natural people will write their own version of “reality”.
Seamonkeys, having reviewed your previous postings I’ll let others decide who the idiot is. I see this board is returning to its default fools paradise status.
Mcadder, with respect what is the point of your last post? Undoubtedly, there is potential in gas to wire but there is ABSOLUTELY NO EVIDENCE to suggest that we are in any way involved or close to closing a deal. Articles like the below are as relevant as the mindless Bygrave tweets of oil & gas industry updates when NUOG don’t own any technology or produce an ounce of oil - it’s frankly ludicrous. We have neither the credibility or capability to pull it off in the way that’s being described and as SBP has highlighted the only advanced negotiations are the feasibility studies being submitted by NUOG which amount to nothing due to the deficiencies already mentioned. The evidence about the status of ketch & schooner is plain to see unless you are too blinkered.
Simon is off on a jolly this week apparently, hardly sounds like a team dedicated to their objectives and entirely focused on delivery. Still must have been exhausting the past couple of weeks doing the proactive “interview” and then all those reassuring phone calls. This may sound harsh but how this lot can draw a wage, but top of the range cars and luxury holidays, basically living the lifestyle of an established successful company is reprehensible and betrays a mindset and disconnect from reality.
Why on earth have you invested the level of cash you have when you know their track record and how opaque their company structures are? Your business of course, however, feels like a reckless gamble to me and one you must surely be regretting.
Still AWOL?
Well said Wookie, couldn’t agree more.
WOBWAT, it’s a good question. I’ve kind of written the money off in my mind. Yes I’d be annoyed if they go bust but neither am I going to sit back and watch people being suckered into this share on false promises or allowed to repeat the old “news this month” stuff without challenge. I’m sick of it and I know many others are too.
Roger, I wouldn’t be daft enough to invest more than I can afford to lose. Ever heard of sarcasm? What is daft is people falling for this companies claims that it’s about to advance a deal. Have you read through the various placing RNSs? Each one it was just that last raid of the sweet jar that was going to make the difference. They came and went without success, what makes you think this is any different?
Now, now, Wookie you should know better than to bash your own investment. Instead you should talk about a deal
being imminent and how people will be regretting they didn’t load up at these prices. Don’t worry though because the company aren’t. They’ve just had a top up recently from mug punters for ”general working capital requirements” so they can chill for a few months and salaries all still being paid. Feels good being a NUOG investor, doesn’t it?
Now where exactly has Mcadder got to? Things don’t look so rosy when you are tens of thousands down and the company’s confident telephone convos don’t quite match the reality of their inaction, do they?
Looking increasing desperate here now
MajorMinor, I don’t need to talk down my investment. The company has done an amazing job at decimating the share itself
I’m sure 90% wish they’d got out at your levels, JFK. Your summation of the company is correct IMO. Heard all this news by May, June all before - last May & June lol
Oh Roger
LT - with respect the market seems to disagree. Could the denouement be the final curtain?!?
Holding here as you know, however,I praise you for your optimism. The way I see it we are either united in celebration or legal recourse.
All the best,
Roy
Still think this is looking like a good investment, mcadder? Will May come and go without a deal?
Poor LT must be beside himself.
Yes I reported it for spamming
Wobwat, Mcadder & Cobrakai, responses appreciated and noted. Next week is another week, let's see what happens.
So yet again we have private one to one conversations going on, so we have some "in the know" (or who know a bit more). I shouldn't have to call Simon to find comfort, why can't they be coherent to all?
SBP, it’s pointless mate. Even though LT clearly identified these two fields as the GTW targets from when he was an insider there are some on here who are in so deep they refuse to see what is patently obvious even when it’s staring them in the face in black as white. As I mentioned earlier this company operate on the basis of smoke and mirrors and have so many ‘targets’ they could claim to be involved in just about anything if words were to be twisted enough.
Let’s face it ketch & schooner have fallen through. Another miss from our hapless NUOG team. And before you say this is about NDAs and keeping the competition at bay. What competition exactly? Faroe have decided it’s better to plug & abandon than do anything else, they simply haven’t been convinced by MFDEVCOs feasibility study. It’s the same as the OSX bondholders sticking with the failed operator Dommo.
News of a deal by end of May, my ****
LOL @ not_Sure. Yeah really professional outfit, fils me with such confidence
Despairing yesterday to see that PIs had to prompt the company about the Siemens news. Yes it’s completely unrelated to MFDEVCOs ‘involvement’ but still you’d think an IR/comms specialist could spot an opportunity when it presents.
Whilst I’m here can anyone guess why not one single project that MFDEVCO have ever targeted has ever been named? Why would it be so “inappropriate” Hint: it’s not down to NDAs and more to do with transparency and accountability.
Market speaks for itself. Unconvinced until a sign deal delivered (and one structured to benefit NUOG shareholders). News next week or more legal fees to pursues ones own financial gain and protect the MFDevCo “cash cow”. Tick tock.