Natasa Min Share Discussion Threads

[lexus880] 12/3/2015 12:15

Thanks for your input corrientes.

[corrientes] 10/3/2015 20:19

Once upon a time, I stupidly thought that companies owed their allegiance to all their shareholders, including PI's. By remaining a shareholder, you run the very great risk of seeing your total equity wiped out.

This is because the company will find ways of denuding the legal entity of any worth, to the detriment of any remaining small PI's, by transferring assets at huge undervalue to associates. When the time is right, the connected parties will all make an absolute killing. As a private company, they can do what they like. Seen it a couple of times with other publicly quoted companies I've had the misfortune to have held shares in.

Since the whole City is now just one big cesspit, this should come as no surprise to anyone, where all the world's rogues and crooks park their illegal cash to be laundered here,thereby causing misery to the vast majority both in the UK and beyond.

[lexus880] 09/3/2015 11:23

Just wondered if any PI's are thinking of holding on to this after delisting.

[kiwimonk] 02/3/2015 13:40

Subject: - Treat Shareholders Fairly
------------------------------------

This STINKS to high heaven.
They have CASH AND STOCKS worth more than double the offer price.

"other financial assets $32m"

Total Net Assets "$38m"

Current market cap offer price £9m.

NSN also own the vast Fox Creek Deposit. Jorc of 1.4 billion tonnes of thermal coal.
I recommend any shareholder write to the the Board and demand a FAIR deal here and vote against the proposed de-listing.

NAI
KM

[corrientes] 28/2/2015 09:57

Oh, and late on a Friday afternoon at the lowest possible price, when they hope nobody will notice. Disgusting.

[corrientes] 27/2/2015 17:48

Of course its a rip off. Things are so bad in the industry that major holders, representing nearly two thirds of NSN shareholders, like the delisting but are happy to continue to hold !

No word about the company's prospects which are getting to the interesting stage.

There should be a law against the oppression of small PI's, but as the City is corrupt from top to bottom, I'm not at all surprised by something even as blatant as this. I wish some financial investigator would have a look at this.

[lr2] 27/2/2015 15:57

I always liked the look of their assets. No doubt they will come good in the fullness of time. Just not before April.

[lexus880] 27/2/2015 15:47

another AIM rip off

[hugepants] 19/2/2015 10:53

Made a mistake in the above post since the net working capital is in fact "available-for-sale listed equity securities". Described in the accounts as ;

"..The available-for-sale listed equity securities comprise securities in companies operating in the mining and natural resources sector as well as holdings in major companies operating in other sectors. Although the Company's investment strategy is to focus on pre-production and/or producing resource opportunities it also holds securities in major companies operating in other sectors in order to maximise the overall return to shareholders..."


NSN's 40% stake in UEP is currently valued at £5.5M based on the current UEP share price. The entire market cap of NSN is only £7M! However I reckon UEP is only going to have value if CNOOC decide to drill whereupon UEP can sit back and see what happens, only having to pay out their share of exploration costs from future production.

[hugepants] 09/2/2015 14:10

Bought some of these this morning.
Appear to be able to buy at under the mid price currently.

Looks very cheap on an asset basis. Net working capital minus all liabilities is about 58p per share based on last results. .However given this mostly comprises equity investments in natural resource stocks it would be prudent to write this down by say 20% to get a fairer current value. Kind of guessing here since not much detail on what these investments are.

On top of that the UEP investment looks interesting, given CNOOC are expected to drill in 2005. NSN own 40% of UEP. UEP's 40% interest in the licence is carried by CNOOC on the first well.

They also own 100% of Fox Creek thermal coal asset (inferred thermal coal resource of 1.4 billion tonnes) which is at a very early stage.

[lexus880] 03/12/2014 23:19

its nice to know there's not only me waiting for a pick, best of luck all

[corrientes] 03/12/2014 22:30

The company is wisely biding its time till the resource sector rebounds and small companies are back in favour. They have some excellent assets. No point doing anything until then.

[b2l] 03/12/2014 22:09

well ... no news, nothing happens
they want the PIs out + sooner or later this will happen
the last PIs throw their shares away
happy that i got out in the eighties

MC now about 8m
assets/cash about 30m

[lexus880] 03/12/2014 21:29

big sell today

[kiwimonk] 20/6/2014 18:27

It's also got a very valuable 1BT of Thermal Coal under its ownership in North Canada. Cash and equivalents exceed market cap by twice, buying will get it back up, the odd sell, hits it. Needs some exposure.

[kiwimonk] 20/6/2014 18:25

Assets at least Double current market price.

[lexus880] 20/6/2014 12:14

well down a little more is it set up for a MBO

[corrientes] 03/7/2013 22:36

Nope. Not one bit surprised about the sharp drop since it had held up well, and MM's using microscopic sales to bring it painfully down in line with other commodity shares.

Sometimes you can't help thinking that prices are intended to be brought down simply to create a market,and any excuse such as a tiny sale is the catalyst.

[lexus880] 26/6/2013 18:45

is there only me owns this stock now!

[lexus880] 25/2/2013 13:18

SteMis, any chance you could update the information.

[b2l] 21/2/2013 07:40

interesting article regarding the Fox Creek Coal Project ...


Coal to equal oil as world's top energy source within 10 years

The International Energy Agency (IEA) says that coal will catch up with oil as the world's leading energy source by 2022.

In a report, the Agency says that increased demand from India and China are fuelling the push.

Natural gas offers the best hope of reducing carbon emissions in the short term the report concludes.

It comes as the European Union acknowledged that it has been unable to fund a single project to capture and store CO2.

Economic and population growth in developing countries are spurring the drive for coal says the IEA

By 2017 the agency says global coal consumption will stand at 4.32 billion tonnes of oil equivalent, versus 4.4 billion tonnes for oil itself.

"Coal's share of the global energy mix continues to grow each year," says IEA executive director Maria Van der Hoeven. "If no changes are made to current policies, coal will catch oil within a decade."

The report forecasts that by 2014 China will account for more than half the world's coal consumption, while India will overtake the US in second place.

In fact the US is the only region of the world forecast to reduce demand for coal says the report, highlighting the role being played by shale gas in the energy mix.

"The US experience suggests that a more efficient gas market, marked by flexible pricing and fuelled by indigenous unconventional resources that are produced sustainably can reduce coal use, CO2 emissions and consumers' electricity bills without harming energy security" says Ms. Van der Hoeven.

Earlier this year the IEA reported that without a major move away from coal as an energy source, average global temperatures could rise by 6C above pre-industrial levels by 2100, leading to highly damaging climate change.

[mpclag] 17/2/2013 09:14

not sure if anyones still here-I'm gonna start stakebuilding here

[lr2] 12/10/2012 14:14

Those days were a long time ago. Keep an eye on this one Duc.

[ducatiman] 12/10/2012 13:26

lol, anyone remember the days when such an rns would yield at least 25%

"Following the grant of the New Leases, the coal resources in the Company's Fox Creek Coal Project now total approximately 1.4 billion tonnes."