Member Info for Thunder2040

Anyone seen MW position pop up yet? Probably long gone..

https://www.investorschronicle.co.uk/company-news/2019/08/22/nmc-jumps-on-investment-rumours/

Investors Chronicle (owned by FT Group) saying buy at £37 2018 and £24 2019 and now the FT pumping out articles implying the whole thing is bent. Surely there is a problem there!

Thought you were not short Calamari?

Hope the retail shorts didn't use leverage here....oh the irony haha. Good luck closing that below £10. The probability of further bids is fairly high now. Major PE don't seem overly bothered by MW claims either else why the offer? Very significant development.

As kabaa is demonstrating...they dont give up. The powerful conviction to buy and hold from circa 700p can be drawn from a NAV of circa £6.80 and the fact this co. has been audited by big 4...700p was a depth that shorts could test on current situation...suspect it overshot fv which I would put at £12 pre report...as that was the price paid for sizeable tranche by 3rd party recently

It uncrossed at 9.26...closing auction commences at 4.30pm

Harrier...that was solely based on the closing auction above bid price...I too expect it to open over £10

Pretty easy to see who is short here from the article posts. You already getting fried by a minimum of another 5% in morning.

GPeck you got any links for takeover rumours?

Net asset value is just shy of £7 so we came fairly close to that today. The after hours volume is big buy open market volume pretty low. Not sure what is going on tbh but scooped some near intra day low.

Volume - 200m shares on Friday, circa 56m today - with a lot of profit taking from people slicing and far lower volume I worry not. On AIM you have to be able to stomach +/- 40% on a holding without even blinking. Expect a lot of sellers have cleared here today. You have to trade off RNS facts. From what I have gleaned recently there were multiple bidders and the best bid has been selected, so I expect a fair price. If Oilex were bidding themselves for me, that is a material reportable event - and the fact they have not stated this in the RNSs recently suggests there is an external party coming in for this. Also references made to financially and technically competent players - which IMO could mean one of the big boys. In my opinion the best and most likely scenario is someone taking the 55% plus about 30% of Oilex share and giving Oilex a carry on x2 drills. Expect the SP to build in anticipation of the next news release. Ignore the haters - we are at the business end of dealings here.

December 16 RNS was when Oilex bid for the 55% previously. I have no insight into whether oilex bid this time however I doubt they have as surely they would need to RNS it again.

Cheers for repost. Most interesting in this case. Bit of head scratching now at the muted reaction today - I am hoping its BP and they leave OEX with about 15% carried interest. We can all dream.

It is hard for me to validate that bid price tbh Mike. During a bit of background research I did note that OEX themselves bid on the 55% interest back in Dec 16 though, so not sure how that was going to be financed - and maybe indicated to me that the value was not astronomical.

Always good to have your finger on the pulse of the wider macro trends and I must say gas is a good place to be at the moment. I cite this article as a prime example:

https://www.reuters.com/article/us-energy-india-gas/global-oil-majors-see-surge-in-indian-demand-for-natural-gas-idUSKBN1WT1QI

I took a small amount here today. Happy to hold until the sale completes. I would say this - I can't see it being a massive valuation else surely someone with the knowledge of the asset would have identified the value here and it wouldn't be trading so low. Despite this I do see more upside than not, as even recovering the costs owed to them in the event GSPC only selling their stake and potential to secure a carry with the buyer should add some value here.

Cloaked figures with disregard for society and human beings. No thoughts given for the pain they inflict, money is the only currency they deal in and they pursue it at all costs. Horrid, insidious people with no morale compass seeking to inflict pain and suffering on companies and investors alike. Should ban it. I heard the argument about it improving the efficiency of financial markets, well I actually strongly disagree. It encourages stocks to trade further away from their fundamentals and relies on sheer manipulation. Most short funds are playing with other people's money but the individual PIs who they prey on are often exposed to the hardship of realities born out of these vicious price moves. We may all disagree on the direction of shares such as Tullow but as PIs we owe each other the decency of treating each other with respect - win or lose, we are all humans.

I will add further that drawdown fees are almost always netted against first cash receipt - so whole thing stinks to me. Seen enough here. Good luck lads.

Yeah, CEO head needs to roll for what I have seen in the past 2 weeks. Total failure of financial control. Look at the pay packet - I ask you, is this guy really in it for the shareholders? You laughed at me saying it could go under, June balance sheet has about £300k net current assets - so hardly swimming in cash.

Fair enough Crofty. Granted raising now would dilute painfully, sale of asset for a superb, non distressed price seems more likely.

Its easier to do a discounted placing than get a debt deal away on such short notice, especially after you just gave away $600k for thin air - hardly going to be breaking down the door to get at it. But ok, lets say you get your debt, at what price and also with what conversion terms? Don't be so quick to snipe, trying to make sure you all do your homework before being burnt.

Before you all jump on this I recommend taking a step back and researching what the the near term cash requirements are here and where exactly that cash is going to be coming from? I will give you a few suggestions, maybe either your pockets via placing or nowhere and no more Lekoil.