New World Oil Share Discussion Threads

[andy] 12/10/2015 18:37

Berk,

"Invest in a sound company".

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Is that bang and Olufsen or HMV?

Joking aside, you are right of course, there are better investments than one where the Raison d'être seems to be to maintain the lifestyle of the directors in the manner they have become accustomed.......

[berkhath] 12/10/2015 17:59

So much potential here to get your account wiped clean. For those who bought thanks to BB hipsters and rampers... You only have yourselves to blame. Best to sell and reinvest any money left on a sound company.

[r ball] 11/10/2015 08:13

have look at CHRT - superb contracts, set to rocket.

[gavinbell] 10/10/2015 23:42

by the way, when is the egm?

[gavinbell] 10/10/2015 23:41

for those interested, check out JLP and WRES next week. NEWS COMING!!

platinum is making huge recovery since last week and JLP got the RNS intraday on Friday and not many would have seen it.

both platinum player AQP and LMI have surged strongly last week. JLP, as a low cost platinum producer, not yet recover and will hopefully start to make recovery next week. Furthermore, AQP platinum got a takeover offer which now make many to believe JLP will soon get its takeover target/JV partner, potentially after mining licence is granted, which is expected in this month.

those interested can dyor on JLP and see the huge potential in there, with JLP sitting on $4bn worth of assets and mcap only 30m?

no wonder JLP was 30p a couple of years ago and now making the comeback.

another potential for multibag will be WRES, CEO target 3p with share price now only 0.6p

expecting rerating RNS in JLP and WRES anytime next week/this month

dyor

[ionlypostafterbbms] 10/10/2015 20:21

NoS,

Why did you & your pals buy 6% of this company if you think it's such a POS?

[nerdofsteel] 08/10/2015 14:10

Does anyone know if chrisoil is still a holder?

Does anyone know why a small Private Investor needs the services of a PR Company? Does it help with his pumping and dumping?

[r ball] 08/10/2015 08:06

AndyObvious really given that the MD was paying himself more twice that of Cameron!Institutional shareholders and oversight they bring can sometimes reign in these excesses.

[andy] 08/10/2015 00:07

R Ball 7 Oct'15 - 22:42 - 11732 of 11732 0 0

There's no investment case.

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Agreed, and there never has been!

Just a management consuming shareholder funds to feed itself.

One way or another this gravy train looks set to hit the buffers in the not too distant future.

[r ball] 07/10/2015 22:42

There's no investment case.

[cyan] 07/10/2015 15:42

The 2 critical things I am struggling with are; firstly, the ridiculous £100k pm G& A , and secondly, the decision to start a drill without a partner which will ruin the company.

[elcapital] 07/10/2015 15:39

I agree NOS

[nerdofsteel] 07/10/2015 15:32

with no assets, no prospects and a dwindling amount of cash I'm struggling a bit with the investment case. Anyone care to comment?

[andy] 06/10/2015 23:23

Gheebee,

Obviously, if you can't accept that other people may have opinions at variance with your own.

I respect your right to have an opposing view to me, it's called a market.....

[andy] 06/10/2015 23:21

Pointscorer,

Err,no it wasn't!

His post #11724 was a reply to my post #11722, so how was it BEFORE?

I await your reply with interest................

[pointscorer] 06/10/2015 21:58

How can it be in reply to your post, when it was written BEFORE yours!!!
Don't you read!!!

[andy] 06/10/2015 13:37

Gheebee,

I presume that post is in reply to my 11722?

If so, perhaps you could advise us "how things work" in Belize?

You are probably the only person here who claims that knowledge.

[gheebee] 06/10/2015 10:43

Clearly wasting my time posting.

[cyan] 06/10/2015 09:44

Good morning guys.
What a mess. Do they have a clue what they are doing.? This drill could break the company. It looks like they are running around like headless chickens and to drill without a partner is crazy.

[andy] 06/10/2015 08:23

Interesting,

I would have thought that a well drill would take more than 24 days to plan!

That's ignoring the fact that to date they haven't got a JV partner, so less time than that will be available!

There must be a rig just sitting there waiting I guess. I suppose as long as the drill starts to turn before the deadline it's fine,and the Belize government may well be amenable to a small extension if they demonstrate they are about to spud.

It all looks a bit rushed now, and maybe the action group are working away in the background trying to prevent them running the cash down by drilling a rush job just to preserve the licence?

[gheebee] 06/10/2015 08:19

I'd make a couple of points. First, considering Sztyk and Polakoff are qualified as lawyers, admitting that they didn't read and/or understand the Production Sharing Agreement (contract months) shows an astounding level of incompetence. Secondly, the Government of Belize called a General Election last week. Given that the PSA was awarded in the dying days of the last opposition led Government, does anyone expect the outgoing Government to be particularly interested in helping these people out of the styky hole they have created for themselves? You might have expected that election to be mentioned in the RNS.

[borsya] 06/10/2015 07:27

No, it'll become cash shell.