Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Perhaps all dommos shareholders/stakeholders have tried to find a solution to mutually benefit them all.... recent signs of unrest... perhaps it’s now time for them to be more aggressive in their own interests... and in particular the FPSO bondholders could they be running out of patience??
Hmm another one of these NUOG only posters that's negative the whole time.... tell me which other alias have you given a break to...
gggg stop putting orders in at 0.6 and pay a fair price!!!
Yes 100% Nigel is holding on to those options... reason for exercising was due to exit of NUOG and in no way by intention to sell....
Also the majority of yesterday's buys were taken up by a large long term holder, not traders. Perhaps someone that's been unable to trade until recently. Interesting they buy at the first opportunity...
30k of buys yesterday.... up about 1%.... 30k of sells down by about 7%
Well Barry, the one thing we know is NUOG chose not to allow G2 energy more time to renew their agreement, suggesting we have another plan.....
A very nice piece from Simon and Graham this morning...
It does describe the unique offering... unique in a number of ways:
-By the types of late life, or proven undeveloped assets that we target to unlock value from
-The partners and technology already in place very high profile partners too (Aker, Aibel, COSL)
-Perhaps back to front from other companies that may acquire an asset first and then seek partners and assess the potential
-The Gas to Wire opportunity is clearly of high interest, not just to Nu Oil/MFDevCo and Graham, but to the UK energy sector, to other interested parties in the industry
-We still see potential and opportunity with existing assets in Newfie
It also stresses how far Graham thinks the existing team have come to place the company in a position to engage with multiple asset owners on several different types of projects
We have our own targets and we have asset owners coming to us for solutions, particularly Brazil which we now have a local man on board
And it stresses the urgency and appreciation that they now need to focus on delivering. Graham's freshness in the door is by no means a reset button... he has to get up to speed and on track quickly, with the current team already moving things forward.
A portfolio of producing assets is the long term goal of the company. If they go some way towards achieving that goal, then we have a company at many multiples of todays MCAP. I think we have the right man to make that happen... Today's share price represents an outstanding opportunity to accumulate for this long term goal, as well as having short term growth with each step of each project as it moves through the phases.
We have had a long wait for the company to push that first asset over the line, but we really do appear to now be on the cusp of moving into the delivery stage.
Well Barry... the prospect of Shoal Point taking off appears to have broken LSE!!!!!
I guess not .... but 100% he hasn't sold.
Did anyone take you up on your last comment .......100/1 minty showing his face at AGM after resigining?
Has there ever been a true word said on there??!!
There are companies valued much higheer than NUOG that are not revenue generating... there is much more to valuation than revenue.... this is stikll a growth company.
Well it's already 50% cheaper than the last placing which should have been higher.... this share price action is completley wrong. For all the mistakes that they have made, NUOG is in the best position it has ever been in. New chairman should have added value alone, becasue its clear he is a closer which we have lacked and it deasls with a large chunkc of the related party issues. GTW, it's a shame that they havn't said more about this.... i suspect it is much closer to further progress than people think. But this is a big deal make no mistake about that. One project 25m per year for ten years...
0.6 is an absolute bargain... as much as i'm annoyed about the drop i am more annoyed that i cant buy. If you do get 0.5, do yourself a favour and through the kitchen sink at it... someone might as well take advantage of this.
I believe they are looking at plans for an investors day in London
Yes you got it gggg.... there are various opportunities they are working on.... I’ve said all along I am interested in a portfolio of assets not just one.....
They mention various projects at various stages
They mention different methods of developing marginal fields
This is turning into more than a one trick pony... they just need to start getting things over the line.... but it can start to move really quickly....
Perhaps you can see why they haven’t raised funds yet
A couple of things.... they did mention this in the annual report.... could be GTW they are referring to.
“We have identified an alternative way to commercialise a subset of late-life marginal fields and significant progress has been made to create a larger population of viable targets which will have a strong impact upon potential growth. Once we are comfortable with its viability shareholders will be informed.”
The reason this is coming to the forefront now is because they are ready to go from concept to project. If you spend some time looking at the North Sea you can see why it can be a very profitable venture, and one that can bring on a number of the smaller easily replicable projects which will move us into a new league along side the big fish.... which they insist is still in play
Good tactic with bottom drawer, we can all wish we sold to buy back cheap but long game I am certain will be worth the pain. Going forward we are not looking at one asset we are looking at a portfolio, that can keep on delivering.
Well it’s a big clue really that they do not think it’s appropriate at price... they could have raised when 30% higher they certainly not waiting for it to drop to raise.... do you keep taking on heads if you can’t pay them? I am more and more starting to think that working capital can be raised from a deal and they are confident of cash coming in and may not need a raise or maybe a small one. Eg if they have to borrow x million, can they borrow x+2? Or does all the cash flow go out on day 1? Do they get some sort of cash back from a deal to take on decommissioning costs?? Or perhaps they do need to place but expect to be off the back of a signed deal...? Certainly common sense says the fact they haven’t placed already is a good sign?
Graham did say he would prefer to under promise and over deliver..... and he certainly has a record of delivering
Hmmm... i think this tweet is Simon's way of discouraging people from directly contacting Graham so he can get on with closing news to formally comunicate.... typical it opens up an angle to suit others agenda.
This has become very frustrating......
Just 6 trading days a go we had the AGM, which I am sure everyone in attendance would say was a good sign of positive things to come from NUOG.
A new chairman that immediate injected a breath of fresh air into NUOG... many people saying Alan had to go and Alan is holding us back... well now we have that, we have a strong change in management. So surely a very big positive...
Well then there's Brazil.... clearly this is the high ticket prospect that we all want to close... clearly the time frames are being extended beyond many peoples tolerance...
But look at the facts... those telling you the new charter was a sign the deal is off, however a tiny bit of research revealed the new charter was always in the judicial recovery plan.
We now have a new man on the ground, which is a positive sign of moving forward.
Then lets take a look at Dommo... they have lost their other field, they have major cash flow problems, they have entered into a charter agreement that they can't afford... share price is dropping... it's a complicated scenario with different stakeholders involved in the equity of Dommo and the field itself... It really looks very good for our chances of making this happen, the field needs the investment very soon before they start to have further declines in production.
Then there's GTW - Something new, but by now means a redirection of efforts... again you have people saying they have suddenly become experts... however evidence shows they have been working on this for some time. They intend to be the market leader on this, which suggests they are almost ready to get moving on this to ensure they have first mover advantage. The OGA clearly have interest in this, and we are told that this will be big news once it is announced. Further strategic collaborations could land any day. The model is capable of being replicated quickly and easily. Use of space capacity on the windfarms grid, and saving of logistics can reduce production costs by 30%.
Then we have the issue of funds.... placing... what company would chose to wait until the last possible moment when the share price is 40% down on when they could have placed and avoided the issue in the accounts? unless they have solid plans. There is a lot of peoples salary at stake so they wouldn't take that risk in my opinion.
So options are... we have significant news coming so they are confident of a much higher placing, or they have an alternative means of providing working capital linked to a deal.
All adds up to NUOG being in the best position they ever have been in, with a fantastic opportunity to start delivering revenue generating projects and significant share price growth.
Marbur - 250 odd negative posts, no posts on any other share....
Clearly either finacially benefiting in some way from a lower share price or just a sick individual that likes to see people lose money...