Member Info for steve58

I think I've lost enough but worth a thought

2p would be great.
But really need 10p to break even.

Has to be soon.
Cash must be very short by now

Would do so but not with an instant 15% loss at least due to the horrendous spread.

Hi Thompson.

Companies can be reinstated at minimal cost, however, I don’t think they would bother as the company has not been trading.

We hold the nxt shares which hopefully can be monetised and the proceeds returned to shareholders.

I must admit I am most disappointed with the outcome instigated by the directors but with money all but gone they really had no other choice.

At least shareholders should get something back.

I have calculated that for every £1 million the shares are worth it would mean a return of about £300 for every million shares held. I have seen some figures on the website that have subsequently disappeared that would value our shares at about a million aus dollars or about £500k.

Of course if the ipo goes ahead this could increase substantially.

ATB

Steve

Updated website more into housebuilding at last.
Split into current and future work.

Imo there must be an ipo soon.

600 shares or a portion of chips still can't decide.

Spread lower.

News imminent!

Mentioned that they are hoping to close the Ruvuma sale in the next couple of months.
Hope they do because that is basically all the time they have got until the longstop date.

Maybe not.

In this scenario the sp would rerate as everyone knows that the asset and income from it is worth multiple times the $16 million they are selling it for. A raise to fund costs until end of year when 25% of gas sales would be ours.

Is very strange that it has not been closed by now.
Due diligence cannot be holding things up as they will own 75% of the asset and I wouldn't think money is the problem.

Certainly needs clarification as to what is holding it up. Must be the government.

If they don't close the deal by 30th June it reverts back to us.

That would be interesting as far as the company strategy goes.

I think Gneiss are still due a fee out of the sale.
Still not sure about any CGT liability that may be payable to the Tanzanian government.

That should be good for the sp eventually.
As far as I can remember the Ruvuma drilling licence expires in August so will require renewal.
Did it not take two years to renew it last time?

We still have our share in kiliwani north so could be quite a good earner for us if sorted out.

That's great.
Although not really tying in withthe boards current strategy it could generate some useful income at minimal cost.

I am not sure if the kiliwani north asset was included in the sale.

We have until 4.30 to go back up.

.60 close anyone?

I recall he was in charge of the tea and biscuits in the sale room in Tanzania.

Don't think he was that busy.

At least he liked giving his interviews on his seed investments.

Not too far behind you.

Had my finger hovering over the sell button in 2014.

12 million at 1.3p.

Need 10p plus to break even.

As I have said if one dyas would have happened.

Everyone would have made a fortune.

Morning Chris.

Hope all ok and had a good Easter.

Maybe after all these years thinks will be better.

.70 just paid.

.62 paid.

Interesting.