Natasa Min Share Discussion Threads

[tomboyb] 20/10/2011 08:30

Yes - Indeed. Looks like management will be buying considering the current valuation of the company.

[lr2] 19/10/2011 17:41

The buy back vote was unanimous.

[tomboyb] 19/10/2011 09:52

I agree on the frothiness of UEP share price - However that rise speculative as it is - it seems relentless untill we have an idea of those PNG licences -

[des56daw] 19/10/2011 09:28

I think the UEP price may be a bit frothy, but discount in the value of the fox creek more than outweighs this. The licence valued at $0.01 when bought from NRG
and valued by Fraser Mackenzie of comparibles between $0.20 to $0.90 per tonne of resource and similar projects of 100mT+ projects in the US are sold for $0.18 to $0.97, with an average price of $0.75. Now what to do, sell on the licence or bring in a partner to develop a mine, even at the lowest figure $0.18 values fox creek at nearly $87 million dollars.


regards
des

[tomboyb] 19/10/2011 08:53

T'will be an interesting EGM - UEP now capped well above NSN cap - have to take into account the illiquidity and the unknown unknowns - UEP licences -

[b2l] 19/10/2011 07:29

EGM today ...

[tomboyb] 17/10/2011 09:05

Morning - Looks like UEP stake is worth £20mill for NSN -

Versus NSN market cap of 17.7mill - excluding its $55mill worth of assets - lol. there has to be some sort of news on UEP soon -

[ducatiman] 14/10/2011 16:31

looks like stemis is gone, opportunity maybe for someone to start a new thread.

[horndean eagle] 14/10/2011 11:41

Stemis - Not sure if you are still around but perhaps you could put up the share price for UEP in the header. PNG had a big oil find earlier this week. Perhaps that is helping sentiment over at UEP.

[ducatiman] 14/10/2011 11:28

tomboy, crazy innit? btw, if you like your penny shares, see if you can buy any sar!! I can`t.

[tomboyb] 14/10/2011 11:23

It could be - officially UEP valualtion for NSN is worth £17.4mill - Thats the entire market cap of NSN - LOL.

[ducatiman] 14/10/2011 10:50

tomboy, ty, of course the madagascar assets may at some point have a value too. EGM NEXT WEEK TO SEEK APPROVAL FOR 10% BUYBACK, if they intend buying on the open mkt it could be fun but perhaps it is to let someone out.

[tomboyb] 14/10/2011 10:47

Cash including recievables is £16.5mill dollar conversion - The covers the current cap -

UEP - £17mill current valuation - covers entire cap - (Which is negligible until we get an idea of those PNG licences)

Total assets - 55mill converted give a price in excess of £1 quid -

Simply ZERO liabilities -

[tomboyb] 14/10/2011 10:23

ducatiman - 14 Oct'11 - 10:15 - 868 of 868


told you that months ago tomboy!

You did Ducatiman - and i did paid heed to that respect -




-

[ducatiman] 14/10/2011 10:15

told you that months ago tomboy!

[tomboyb] 14/10/2011 10:11

Hugepants - UEP holding much further at 1.28p - 2.0p -

If the entire cap covers NSN - Then we have cash and investments for NSN - Wjat we don't know id the potential of those PNG licences - But NSN looks very undervalued indeed.

[hugepants] 14/10/2011 10:02

Yes dont really understand why anyone would buy UEP when they can by NSN.

[tomboyb] 14/10/2011 10:00

Which makes me very tempted at these levels! -

[tomboyb] 14/10/2011 09:54

Hugepants - UEN has been on the up for some time - No idea how to value it but if you add the value to NSN - NSN looks incredibly cheap if it already was'nt - So does DHIR (SELLER) - and AMP - (NAV 14P V 3.68P today - seller)

[hugepants] 14/10/2011 09:40

NSN's stake in UEP is now valued now at £14M. Thats more than NSN's market cap.
In the accounts the UEP stake only contributes about £1M to the NSN's net asset value. The UEP valuation does look a bit crazy though. If the oil licenses were in Iraq then maybe, but Papua New Guinea?

[lr2] 13/10/2011 09:26

That would be my guess.

[ducatiman] 13/10/2011 09:23

following uep?

[ducatiman] 20/9/2011 09:22

How many large holders do we have? Offer up 2p on a buy of 450 pieces!

[happygolucky] 15/9/2011 13:41

As long as the company buy the shares back at the current market price, it would surely be a fabulous deal for the remaining holders - with the shares trading at such a large discount to NAV, the maximum buyback would reduce the number of shares in issue by 10% and reduce the NAV of the company by less than 5%....

IMHO a much better option than have a large holder try to sell into a tight market and create a massive overhang...

[b2l] 15/9/2011 08:46

i think that one of the significant shareholders wants to get out of here but this can not be done via market