Member Info for SecretBlueprint

"the facility can be reloaded each quarter with the initial 100m"

Where does it say that? It is just a revolver, It can be any number surely?

Starbuck. Thanks

But why x4, Why not 2,3,4,5.6 . Why is 4 the magic number. Max H sugested 4x4 = 16 earlier today
We need to be real?

Starbuck
If I may ....where is this x4 factor coming from? It is not in the RNS

Perhaps I am being thick, but where is this x4 factor mentioned in relation to the revolving credit facility. As a revolver, it could be used any number of times , why 4 specifically ?

Mr Ellis says "I do believe there is money to be made here but only by trading"
Bingo! The light has dawned.

Mainshare, just join them and then sell out. I stayed out of this after Scotton was employed. He had no credibility. However I have taken a few million at this price because, as you say, the big players will sell, and I will sell down alongside. It's only a market, not a beauty contest.

Harry

The gas in Italy is notionally worth about $15 million, but exploration has been suspended (banned?) by the government, so no expected 3x upside on the exploration licences. Hence why Coro Europe is up for disposal . No third party will be interested in buying without upside, so NUOG might be the exit at a bargain basement price with the C4 gang of four using the revenue to part fund a high impact exploration campaign elsewhere with raises in the market (which is the whole reason for the RTO) . This is pretty much what the new directors told LT at the EGM. I understand.

There has been speculation that the high impact exploration is in the Gulf of Mexico where new territory licences might be obtained without much competition .

£2 million dollars is remarkably close to the increased capital of of Coro Europe reported at Companies House yesterday, and might be the disposal price. The profit from the Italian gas is remarkably close to the tax losses in NUOG.

Without an RNS, It is speculation , but fits the track record of the four main players.

Is it a multi bagger? Who knows, but the market yesterday thought it was worth some serious investment.

Minty sold his pay off share wedge too early I expect.

It was reported in a statement of capital yesterday that Coro Europe Limited ( which holds the Italian assets for disposal) issued 1.66 million new nominal £1 shares for cash to someone. How much was paid might be another matter. It was also reported on 22nd Nov that Coro Energy PLC was no longer a Person with Significant Control. So there is movement in the disposal process, and if that relates to C4 and NUOG , it would explain the buying flurry yesterday.

Trellis. I don't care about Parsons, his assets or his nose.

If the SP jumps on the back of it , there will be money to make. You don't want to make money?

Since it was trade earlier in the day with a delayed publication, it is impossible to know, but since it did not arrest the share price , one has to assume it was a buy side trade.

Broker Man Dan ? Daniel Levi...@BrokermanDaniel on Twitter 27 Nov

Now that some trade activity is clearly underway, one is inclined to speculate again.

Coro Energy...12 September interim report
"Board of Directors took the decision during the period to prioritise full divestment of our Italian business, to sharpen the Group's focus on its growth objectives in South East Asia. As a result, in accordance with IFRS 5, the assets and liabilities of the Italian business have been classified as a disposal group held for sale. "

Parsons, Dennan. and Fumagelli decided this strategy and then moved on NUOG to create a cash shell to reverse an asset or assets. It's worth $15.4 million . Broker Man Dan says the above trio have been raising cash over the last few days.

You can't help but think this is the touted "producing asset" and it is being worked.

https://beta.companieshouse.gov.uk/company/11279773

Rubbing salt in the wounds of Pls. He never fails in the depths he plumbs

Bongabob

If a 20 bagger can be expected, then sell as soon as you see it and then leg it and don't expect anything else. Don't hang around for dividends. A decent Bentley Continental ought to be the result for a small stake.

Bentley is history IMO , just like the one LT had hoped to buy for the driveway.

I hope it wasn't 10 March. LOL

A 50 bagger like IRG would cause such an adrenaline rush I will probably be unable to sweat anymore.

2.5p party at Pizza Express in Woking anyone? It will be a date you never forget

Harry
I was just quoting from a company RNS in answer to Barry 38 question. Not necessarily my opinion

You might want to wonder why ST numerous posts last night claiming 35 schools had purchased Victar and Launchpad were removed . The DCEO of GAT was asked specifically on Twitter if that was true and he declined to respond.

"The Company announces that it has returned the equity it held in Enegi Oil Inc. ("Enegi") to Enegi with immediate effect, continuing the implementation of changes to create a new direction for the Company, as announced on 2 October 2019.
As a result of this action, Nu-Oil will have no further claim or call on Enegi and, furthermore, it restricts the recourse to Nu-Oil of potential claims made against Enegi. "