Nu-oil And Gas Share Discussion Threads

[yingtong] 22/1/2022 07:19

Taxi,

It looks like they have succeeded in their raise:-



The PLC name has changed and this was by resolution and also conditional on listing. This implies everything should still be happening Monday.

[taxibabe] 22/1/2022 07:07

Its classed as a reverse takeover. Also its due to be listed on 24th. So 2 days time. If you want to share in the success get in!!

[frangipani2020] 22/1/2022 06:38

Funny how their not listed in the upcoming new issues ......

[taxibabe] 22/1/2022 06:18

No you missed the boat

[frangipani2020] 22/1/2022 05:23

Have I missed some news taxi ??

[taxibabe] 22/1/2022 04:46

Well yu got your news barnes now smarm off

[barnes4] 21/1/2022 23:46

Defend the team
You are joking right?

[yingtong] 21/1/2022 18:36

As an unlisted company they can't strictly issue an RNS. But they can use the similar RNS reach service.

But they are under no obligation to do so.

(TBH I would have thought they would be shouting it from the rooftops if they had completed the placing. There is nothing on the upcoming listings on stock exchange website or as yet any updates to nuog website).

[frangipani2020] 21/1/2022 14:09

All very quiet here taxi .... Fearing the worse !!! Who thinks there will be a 1629rns.... Errrrrrrrr sorry but it was someone's else fault

[frangipani2020] 20/1/2022 19:02

Just out of interest taxi where is the confirmation they have raised the 2m or if this is even relisting Monday. The broker note is the same message from last year, aiming to relist on or before (clearly not before surprise surprise) under a new name. Where is your confirmation ??

[taxibabe] 20/1/2022 16:51

Ying Tong said they can cover their costs for 12 months plus, I can see it lasting 18 months if they dont deliver revenue streams. And of course, according to you , they will make no effort to do so. Naturally, that will mean that Stevens shares will be valueless as will Garys. I am afraid its into a straightjacket for you when Guardians legal team catch up with you Marbum

[frangipani2020] 20/1/2022 14:43

So placing in 3-6 months unless major contracts are won. Bodes well, Christmas off, no new hires, not recruiting ..... Wow..... Monday could be a bloodbath.

[yingtong] 20/1/2022 13:10

Frangi,

Salaries etc and the accrued debt which is being paid are all detailed in the prospectus.

They can cover their costs for 12 months and expect to have about 350k left over. That won't go far. Especially when that doesn't include the fees paid to the Stevens (min 48k max 200k) the royalties and anything for "Big Phil" who was supposed to be developing other aspects of the security stuff going forwards. He, and what he was intended to be doing, is conspicuous by absense.

The bare minimum they can survive on is 468k to cover "head office costs".

They need a rapid expansion of Guardian business or other revenue (several times what has ever been achieved) or they are out with the begging bowl in a year.

Still, see what happens on Monday.

[yingtong] 20/1/2022 08:46

taxi, in your 5p short term 50p long term scenario I think you would need to factor in:

467m at relist
164m from warrants
5m from options

636m (pretty close to your 630)
200m for stevens consideration (this keeps them just under 29.9%)

Total 836m so 418m mkt cap. Somewhat richer than your thought.

With your thought of a 5p area opening I would be pleased in as much as it is much nearer recovering, but I would also be absolutely livid that I had been sold so short and utterly rinsed by a very poorly executed and underpriced placing.

If it is rapidly at 5p - before any fundamental change in the underlying business progress - then they really ought to have been able to get the placing away at 3.5-4.5p.

Still, difference of opinion is generally healthy.
Taking the lower end of that (which would still adequately reward the placees if your projection is right) would only require a bit less than 100 mln new shares.

By the time you get to your hoped for 300mln market cap allowing for the warrants and stevens at 3.5p there would be about 250mln shares out. So a price of over a quid.

Still. I guess we find out next week. But if it trades anywhere near 5p I will eat my metaphorical hat.

[frangipani2020] 20/1/2022 07:56

So a company who made 50k profit is now going to turnover 350million in 2 years. Well their not recruiting so that's a good start. You talk absolute drivvle. Hold. Buy. ..... Monday if it relists will be a bloodbath, spike then trickle downwards. Their is no trust in this board for they have acted while it was listed and what they did while it was delisted. They have not changed. What exactly has jay achieved in 2 years, another solid 2 years to add to his impecible CV, remind me what he did before this

[taxibabe] 20/1/2022 06:25

766 what say yu, come out alan from whereever you are?

[taxibabe] 20/1/2022 06:23

There are 630 mill X 50p in say 2 yrs = 315 mill dipstickOf course 50p is long term short term 5p is more realisticWhat do you care anyway, ur out and lost ur money but yeah sure you can carp on the sidelines whilst those with overaries get their money back, - wimp!Used to hand you a white feather back in the old days

[frangipani2020] 20/1/2022 03:42

Are you a complete moron . For ten years this has been a lifestyle business, not market leaders, no USP, niche market, Navy and advanced satellite / comms patrolling risk areas it's got no scale. Guardian are already selling diy kits for min profits . Now add a greedy board, tones of debt etc..... Eve sleep is the closest example, small niche retailer, thought they could conquer Europe, listed at 100p within a year 3p. Nuog or guardian will follow pattern but much faster.

[taxibabe] 19/1/2022 18:41

My I am really enjoying telling you I told u so. Well done to the team and congradulations for exricating all these losers from their shares.