I love you Ying Tong xx
You're wrong Marbur05, Stockwizard has made plenty of money out of shorting nuog over the past 12 months. He's a sharp professional trader who can smell bull excrement from a thousand paces
Unfortunately the 5 lads that selflessly gave up their right to trade and signed inside (mbev, Wobwat, Lyndon, Lastthrow, nick) are the most financially damaged of all the investors. They unwittingly passed on Minty lies. It's all a testament to how convincing a liar Minty really is.
These well meaning lads are quiet now, betrayed by a company that they believed in. They will be catching hell from their wives no doubt. The lads are still around the share on Twitter but not vocal on public BBs at the moment.
I guess the company leaking through NDA insiders rather than releasing a finished deal is a big red flag on a share. Plenty of lessons to be learnt here. Unfortunately now the 5 insiders get ****ged off on public BBs when the real responsibility for this lies with a corrupt BOD - who go to criminal lengths to support an ailing share price when it suits their purposes.
Fear not I will continue to look after my very knowledgeable and honourable friend mbev.
I'd just like to say......if someone "was in the know" today then they would have put their buys through a lot more discretely than we saw today. Also they would never have left any fingerprints on twitter or LSE - lest FCA investigate the timing and confiscate their winnings. Think about it. I was trained to never reveal my trading records to anyone. Lessons taught to me by some wily trader friends of mine a long time ago now. Sssshhhhh If anyone fell for the ramp today, they need shooting. Learn well grasshoppers.
Not sure I'm rolling around on the floor laughing. Although i'm a great believer in the company. I'm loving your use of the word 'magic' I think I love you :-) Hit the nail right on the head with some of it
XR1200 I was being sincere. If you are keen on Brazilians (and let's face it what man isn't) then this is a great buy at the moment sweet x
It's the best opportunity Sshhhh
SBP I believe there is far more progress on the Brazil deal than has been RNSed so far, but the company are allowed to withhold this at the moment as to RNS all the progress made weakens the mfdevco negotiating hand. Quite simply we won't get an RNS until the deal is 95% complete, and when that will be is anyone's guess. Hopefully it will be in the next couple of weeks. Your deramping is totally transparent btw, no one is fooled. Good night
SBP Nomads know the deal contents so that they can advise a company on what and when they must RNS news.
SBP, What you type about NOMADs is pure fantasy I don't even know where to begin about correcting it. I'll make a start here - The NOMAD knows all about the deals being negotiated behind NDAs to be able to advise on them. You will also note that a company cannot even list on AIM without a NOMAD to police them following the listing rules. It's a very important job, which requires AIM experience and legal knowledge to carry out. It's not a role for junior broker staff to carry out.
If mfdevco have access to the data room it would not be notified as material news due to the NDA that is around the negotiations of all the mfdevco deals. They would discuss a farm in with Dommo for the reasons I noted in my last post. Dommo have all the experience of TM field,. Why not use this, avoid the learning curve?
Question time, Dommo could stay on as operator at Martelo by farming into Martelo with mfdevco on a % equity basis. This would give continuous and increasing revenue on redevelopment, with minimal disruption when a deal is done. Uses the already in place workforce and current ANP approval as field operator. I think a smaller % piece of a redeveloped TM field is infinitely better for Dommo shareholders than the present 100% current decommissioning costs facing Dommo.
The D & M report is from July 2014, the field since then even got shut down across the oil price crash so hasn't been in continuous operation. The Dommo website says since the field began operating in 2013, there has been 14 million barrels of oil extracted. http://dommoenergia.com.br/?lang=en So that leaves around 70 million barrels to be recovered. Since the figure of 80 million is from the 2014 report and the 14 million is onwards from 2013 - 2018
https://twitter.com/Lion_Naughty/status/1035941654371414022?s=20 https://twitter.com/Lion_Naughty/status/1041406684495839232?s=20
Seeing as Dommo are likely to retain % equity at Martelo....to keep the ANP regulator happy that there is a Brazilian company involved for nationalist reasons, there is no disruption really with the Brazilian regulator. Mfdevco and the consortium have far more capital resources than the cashflow troubled Dommo do, so once again not a problem there. Mfdevco surely have taken legal advice and created mfdevco Brazil Holdings ltd, mfdevco China facilities, so I wouldn't worry on that score. Finally Aker, who have a great track record in Brazil will be duty holders, they are the people operationally delivering. It just needs mfdevco to get the deal signed off now. Which is something Alan Minty is good at. Your deramping btw is totally transparent.
That is completely untrue. The 6 month rule is for cash shells that need to do a RTO. Nuog is not a cash shell. A cash shell has 6 months to make a deal, if they haven't done it in that time, then they get suspended for a further 6 months to get a deal done. It's nothing to do with nuog.
There is a cheaper facility being brought in from China, however, buying the OSX-3 makes the field instant revenue. The new facility can then be put to use implementing the redevelopment solution. It may be a smaller FPSO brought in from China, which can be put to use drilling water injection wells, as was previously thought to be the solution for Martelo, then it can be swapped for the OSX-3. The new FPSO would be able to drill, complete wells and store oil. An all in one solution.
Secretblueprint If you research properly you will find that RMRI pay more than half the running costs of mfdevco Open up the pdf dated 19/04/18 - the annual accounts return. https://beta.companieshouse.gov.uk/company/08573377/filing-history You will see that the money loaned to mfdevco is £1,414,000 from RMRI and £980,000 from NUOG. There has been more cash calls from RMRI than NUOG to keep mfdevco afloat.