Member Info for steve58

Seems the board were too hasty.

Company could be un liquidated and relisted.

Lots of new projects have appeared.

If I find out any further I will update here.

Could be in excess of £500000.

About £160 for every million shares held.

That is if an ipo were priced at $1 aus a share.

Usually shares rise so could be higher.

Anything possible here.

Go to Nxt tec website at the top right of page click on more.
Then click on NXT IM 2022.
Seems some value could be coming our way.

February come and gone.
No AD plant expansion.
No news on monies from Ruvuma disposal.
More broken promises.

That about sums it up.

Just received e mail.

Q and A now available.

Considering this share is down 99.95% that sort of return sounds reasonable.

Not sure where the AD plant investment promised this month has gone. Probably with all the other broken promises.

Someone buying tranches of 500,000.

Five so far today.

Someone just paid .30p.

Been a while since that much paid.

Maybe the deal will get aborted and an investor will buy us out for $20 million plus.

Less any loan advances.
I wonder if we will actually receive anything.
Getting a loan for any ruvuma cash calls which increases the value of the asset but reduces what we receive. Correct me if I'm wrong.

As of 31.12.2021 we have £6.3 million in tax losses.

These will not reduce any tax liability on the sale that has to be paid to the Tanzanian government.

Haven't seen a rise this much for ages.

Maybe something brewing.

Totally agree unless financing completed before webinar it is a waste of time and money.

It is probably the government holding things up.
Not the easiest country to do business in.
You can see why they are in such a mess.

I am in here until financing at least but sometimes wonder if we should be putting all the effort into SA as that seems the quicker option forward at the moment.

If you need any convincing about how slow trying to do business in Africa just look at the Ruvuma gas field development.

Two rns's!

The word imminent has been mentioned so many times now.

Without new news the meeting seems a waste of time and expense.

The same questions will be asked and Harry will give the same answers.

If he doesn't deliver soon he may have to step down before he is pushed.

We could double or triple the resources but not worth a bean until this financing is put to bed and the road to production and income can get started.

If they don't get a move on a few more will be selling.
I know these things take time but time is money.
Later production start will cost millions in lost revenue.

I don't think the current investment is a scam although the same projects have been on their website for a few years now.

I still don't think any of them have been completed let alone started.

I will send an e mail to their ceo and ask.

The other main problem is that it is a private company so unless an ipo is forthcoming it will be very difficult to monetise the investment and return funds to shareholders.

Hopefully financing agreed and a dual listing in Saudi Arabia.

Hundreds of billions of potential investment by mega rich investors.

Not sure what the word is for bigger than a multibagger.

A megabagger!

No mention in RNS about financing.

What a load of **** .

Doesn’t seem to know what is going on.

They looked at maybe three or four potential investments and backed away.

Anyone can see where the money is going in fees due diligence etc.

No cash left to invest in AD plant expansion next month.

Total lack of interest in the company is evident.

The presenter even had to ask him what on earth he was waffling on about.