Member Info for SimonThePieman

I hope there's a plan B because I can't see this deal going ahead. Rubbish offer anyway utter ridiculousness. Why are they selling at this time anyway when the commodity price is so low. They could mothball the exploration project and get cost down for the producing ones. Cost are coming down right? If we deal at a share for share price then NOG falls back to 450 the price we get would be around 6p. No, no, no. I would prefer a rights issue. I will vote against this offer.

Looks like NOG underbid for Tethys.

According to the Nosrum RNS it looks like the deal is off. In my opinion that's a good thing. The offer at 0.147 CAD was derisory.

I think the market is being manipulated to push the share price down to make the offer of 7.25p look attractive. The Board always talk about how much the offer or loan is at a premium to the market price but as we know you couldn't buy all the shares at the offer price or sell them at the bid. I think this is smoke and mirrors. The company is worth way more than a share for share sale at 7.25 especially since the NOG sp has risen recently meaning we would get even fewer shares than a few weeks ago. Hurry up and tell them to stick the offer where the sun don't shine, let the SP fall to 4p so I can buy some more. I would subscribe to a rights issue before I would sell at 7.25.

Shorting it today! The MMs have bought a lot of shares today but they are not getting mine. Good luck if you got out but the costs are down and the assets are interesting. I can't wait for all this uncertainty to blow over and normality resume.

Was priced into the SP. So they offer a conditional 7.25p per share in a share for share sale. I value the assets at a lot more so tell them no from me.

I would also take the shares.

Must be deep in negotiation. I have two questions, would you take the shares in Nostrum or cash at 10.5? and what happens if it falls through?

MMs playing it safe, interesting that since the bid was 6.75 there have been about 325,000 sells and 640,000 buys but the bid is lower at 6.00 now. I wonder how many shares they have spare.

Such a problem child.

If something concrete is announced the share will rally but everything seems to be if but or maybe. If the Nostram deal does go ahead the shares would be secure at 11p.Some shareholders would take that. Nostram shares are more liquid. Otherwise what's left but debt. I would like to know the difference between costs and revenue to see how much the company is losing but I thing they are funded well in to next year.There's 750k to pay in September. Perhaps that's the why the deadline. I think the Australians will broker a deal. MOU with PetroChina for Kazakhstan So PetroChina are a player. John bell has about 420,000 salary shares by now..

Interesting how they said the AGR deal was better now they are saying the NOG deal is better. There must be an improved offer on the cards.

Has something negative happened? Seems like a sharp fall on no news. Any ideas?

I think the SP has fallen back because this is by no means a done deal. We still need to pass it at an EGM and we still need to get approvals from the government. Having said that the price should rise at each stage. The big one of course is government approval, there seems to be no formula for that. We still don't even know why sinohan was refused. the timetable could be months away. Weather is a factor so I hope we can get a move on before winter sets in. If it all goes well it then depends on the discoveries. i have no doubt there is oil and gas in the licences but by how far will the government play ball. High risk high return.

The mms are taking it down on very small volume. Dropped two pegs on two trades of about a grand each.

At the moment there are still relatively few shares in issue. Some of the shareholders will be happy to get out at 9.5 after the drop to <6p. After they clear we should see 10p - 11p but 15p will be a ways away. This is a placing at 10p so 9.5 is about right. It's things like a new discovery or well coming online that will put us back to 20p+. I'm still puzzled as to why we need this money.

For me it's having people with knowledge of the region on board. That's a big de-risk for me. I think its a blinder.

Spoke too soon - a placing at a premium of 10p. $47.7 million. Ha, must be good, All good today.

Perhaps I'm not well enough informed but what does the company actually need funding for? They raised 18 million already and are almost at break even according to the accounts and have cut costs and increased production this year. I know they want to explore the new licences but there's no rush, am I right?

wonder why?