If you're thinking you can find the next Google or whatever on AIM. Think again. If you're after a quick buck. Think again. Any listing without a proven track record, a decent R&D budget, decent management, etc. isn't going to work. Your cash's safety is better upheld under your mattress. Get low cost, diversified trackers. Don't waste your time here.
“Based on Trey's analysis, Nostra Terra has concluded that the Initial Acreage contains 2,400,000 barrels of recoverable oil. Using Trey's current and mid-case estimates, Nostra Terra has assigned a US$21,600,000 NPV10 valuation to the Initial Acreage at current strip pricing and a US$28,600,000 NPV10 at US$60 oil. Using these prices, the Company calculates that Mesquite delivers an Internal Rate of Return ("IRR") of between 34% and 46%."
Matt Lofgran, Chief Executive Officer of Nostra Terra, commented: “Now that we have the first complete iteration of the Mesquite Field Development Plan, we are in a position to commence farm-in discussions. Mesquite is an extremely ambitious project for a company of Nostra Terra's size, with a great deal of potential to expand the current acreage." “Teaming up with the right industry partner could unlock substantial value for shareholders, both in terms of the current NPV10 estimates and securing a much greater regional footprint."
Well and truly f**t - they've played us like a fiddle. I'm done with AIM. I'm done with big risk, 'potential' big return. There are no shortcuts to this. I'm buying VWRL and VGOV, and that's that. Spend less, save more, compound, minimise cost + patience. I just need to try 'time the market' and get out of deadbeat NTOG! Before it goes belly up. What a sh** show AIM is.
I just stumbled across an article called, "Why Nostra Terra Oil and Gas Company plc’s (LON:NTOG) CEO Pay Matters To You"
"We like that the company is growing EPS, but we cannot say the same about the lackluster shareholder returns (over the last three years). Considering the positives we don’t think the CEO pays is too high, but it’s certainly hard to argue it is too low."
RE: Treading Water ...for now! :)26 Nov 2018 11:46
Haha yeah, I know they are! I was playing on that they will either drown or they might break into stroke and get somewhere. I have a fair bit of money wrapped up in this, part of my SIPP decades away, so time isn't an issue for me. I plan on waiting it out... either sell at a single digit loss or if it takes off, happy days.