Northcote Share Discussion Threads

[rookieinvestor80] 20/4/2016 21:39

Massive drop tomorrow is coming In Rookie we trust

[oilbuy] 20/4/2016 21:35

Lazygun I'd like to see the contracts and the margin.

[lazygun] 20/4/2016 21:15

Current shares around 8.5 billion, with share price 0.05, equates to mkt cap of about £4.2 million.
So, add 500k to the mkt cap, (the placing funds), gives rise to mkt cap of £4.7 million, with 10.1 billion shares, equates to a share price of 0.047, so not a lot of dilution.

If you assume worst case, mkt cap stays same with add like shares, share price might drop to around 0.04.

If you add in some selling due to negative sentiment, then maybe drops to around 0.035 ish.

However, if they're then getting mdf up and running, bizarrely this might be the start of a turn around in Nct fortunes....

I'll pile in once it drops to that level, and they confirm mdf starts generating cash... ( Ie no more dilution)

L

[oilbuy] 20/4/2016 21:13

AVPhas 20M control

[control1] 20/4/2016 20:59

Haven't looked in for while so was absolutely gob smacked to see that today's placing takes this up to over 10bln shares, THAT'S TEN BILLION...!

Absolutely staggeringly mind blowing, especially when you consider that it was 6bln and change when I called it a day not that long ago....

Anyone know what the record is for an AIM share? This has surely got to be either it or heading there fast.

Hope it comes good for you noli, I really do but I think you might have a bit of a wait...

[footrot355] 20/4/2016 20:56

Oh Randy you'r in trouble
Him: Well, goodness gracious me.
For every time a certain man does placings not for me
Him: Mmm?
A flush comes to my face and my pulse begins to race,
It goes bloody boom boody-boom boody-boom boody-boom
Bloody-boom-boom-boom,
Him: Oh!
Doom bloody-doom bloody-doom doom doomed doomed
Him; Well, goodness gracious me.

there are more, but I don't like swearing too much-slightly in awe of the barefaced cheek of his expense account top up.

[peterz] 20/4/2016 20:38

Certainly disappointing and perhaps the reason for CEO silence!!

[oilbuy] 20/4/2016 20:14

Cornhill placing last year 1.3b shares 2.8MNow 1.3b for 500kWarrants well deserved to make up for the loss on the 2.8M at .225pWill they come to anything. I doubt it.And what's the money for ? The remedial plant lolWith 51% are we putting up all the money. Ill take a bet, yes we are. Near 1 year behind and eating money like nobodys business. Randy isn't down Mexico way watching sharesholders money bieng spent and this is exactly the problem. Would have been better off buying 200 houses in Manchester for 20k each and reciving a rent roll. This is the problem with AIM , no accountability. Randy should cut his income by 50%

[rookieinvestor80] 18/4/2016 17:55

Sell this dung

[footrot355] 12/4/2016 11:38

what just happened - RC given an interview?

[gpback] 08/4/2016 06:00

Dallas based Northcote Energy Ltd to accelerate and expand

Published: Friday, 8 April 2016

[noli] 24/3/2016 15:20

sleveen, if the company was sold today it would be worth more than its current market cap. There is much more in todays rns that is great value. I will let investors work that out themselves.

For a stock that raised cash at a very low price yesterday, with not much going for it according to some. It has held up very well.

The oil price is still quite low, Andrew Bell keeps saying $10 to produce a barrel of oil at SC. its around the $40 mark now, LL was around 42 so 39 for SC oil.

[lazygun] 24/3/2016 12:28

It is good news, but still think price will drop back again....

We're still in a low oil price, supply glut oriented market globally, and the drilling whilst good will still mean we probably won't see oil for sale from these new drills until prob q3, if the lm 20 is anything to go by.

Think we need to see some details on progress with Mayan drilling fluids first at the very least, since that is prob NCT's next lowest-cost, shortest term cash generative prospect...

L.

[sleveen] 24/3/2016 11:34

noli,

NCT had a great story, which wasn't backed up by cash as identified in the balance sheet. Have to wait for the FY results to get a better view.

Who knows, given good drilling results and some cash, NCT may be investible as some stage in the future.

[noli] 24/3/2016 11:32

There was some decent news today in the rns.

[noli] 24/3/2016 11:31

I don't feel sorry for anyone who went short yesterday either.

[noli] 24/3/2016 11:28

sleveen, good shout on the placing.

[lazygun] 24/3/2016 10:12

Finally some worthier news.

This may turn out to be a traceable share now...

L.

[unimog] 24/3/2016 09:43

some decent size buy's and volume yesterday and today.someone likes

[oilbuy] 24/3/2016 09:36

Good volume today. Market likes that news. .10p coming !

[sleveen] 24/3/2016 08:41

Indeed.

Sell off the majority of their prised asset and then have a placing to fund other initiatives..

You couldn't make it up. Why not have a placing to fund the drilling of SC and forget the others?

Bizarre!

"this placing will give the Company a strong liquidity position and flexibility to further other initiatives or potentially participate in opportunities available to Northcote pursuant to the participation agreements we have with MX Oil in Mexico and/or Andalas Energy & Power in Indonesia."