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Krong: Very common name. Your Ukrainian company has nothing to do with Aurus. There are dozens of Krongs:
http://business-report.ru:17000/?text=%CA%F0%EE%ED%E3+
http://www.business-report.ru/2/product_info.php/cPath/1/products_id/266278
http://www.business-report.ru/2/product_info.php/cPath/1/products_id/274452
http://www.business-report.ru/new/product_info.php/cPath/1/products_id/296183
“Ours” most likely is this one:
(“daughter” company for Puma):
Produced together 193 kg of gold in 2003, 76 kg in 2004
http://www.magadan.ru/news/press.php?subaction=showfull&id=1106288908&archive=&start_fro....
But no 100% guarantee. :)
As to Maple properties being real… You are kidding, right?
http://kpr.chukotka.ru/map/depos/klen.html
http://kpr.chukotka.ru/map/depos/pagefoto/fotokl.html
BTW, there is nothing wrong with your attempts to verify everything. Keep up a good work, we all will benefit from this.
ibreken: Leebret posted earlier that real production is probably much higher (if you count NDOL numbers). She also asked everybody to direct PR questions to Mr. Malyshev. I can only confirm that when NWOG is mentioned in Russian sources they often "forget" that they own NDOL assets now.
Personally, I have no comments. I lost my calculator and won't be able to find it before we hit $0.15 (strongus target). :)
Sorry, eik.
Rush, search iHub and google for “naked shorting”, “Frankfurt”, “MMs”… Just from the memory (maybe I miss something or remember wrong):
1. Naked shorting by MMs is “normal”, called “market regulation”, should be closed in 3 days, but never is.
2. Frankfurt is the main tool for naked shorting, that’s why “moving to Frankfurt” is almost always a red flag. NWOG started Frankfurt trading in April this year… rings the bell?
None of these activities could be “enumerated”. Again, I probably missed something or cited it incorrectly, but you got the idea. Pink Sheet markets are unregulated, corrupted and should be avoided by any “real” business. Although, NYSE listed dividend paying stocks have the same problem sometimes.
Just because Julia reads this board, I will re-iterate:
1. NWOG should finish audit and get “fair” appraisal.
2. Based on this value and OS number calculate “fair” share price. Let’s say it’s $1.0.
3. Announce cash tender for the entire US float at $0.8.
4. Start trading in London from scratch – new company w/o pinky ballast.
IMO.
Leebret, that was a good analytical post. Because of management’s lack of communication we are in the dark in many respects. Actually, your recent post, where you listed some important PRs with numbers, raised many questions for any person with calculator in hands. I have some guesses/explanations (based on RSM Top-audit data) but I officially give up “being analytical” for now. We are not alone here. Look at iHub lists of “hot” boards – NWOG is at the top of all of them! The board is invaded by iHub crowd that is ready to play “momentum”. I am not going to feed them with any information that could be used to lower the entry point. I’ve just seen this on SPRL board and other places before.
Until further notice I am a pumper. Welcome guys! Get on board! NWOG is cheap here! Free money! :)
I have some “moral” issues with posting on NWOG board now. I always try to keep it in objective unbiased way… which is dangerous at this critical time. :) I often see my “positives” are ignored but possible “negatives” are used by new momentum players that crowded NWOG board in anticipation of price bottoming and following rally. So, starting today, I am officially “biased”. NWOG is undervalued here… and this is my story until further notice. :)
Note: I don’t have PM privileges on iHub and can’t respond privately. So, if you don’t mind receiving a public response – instead of sending PM consider posting here.
The offering will be done based on audit results and nomad recommendation. Theoretically, pink sheet price will be irrelevant at that time. Practically, if/when audit is done PPS will improve anyway and get closer to AIM offer. OTOH, my suggestion to NWOG management has always been: “Get out of Pinkyland and maybe even US markets at all! Take TatNeft experience as a pattern.” The problem: US markets are more liquid with higher trading volumes and more manipulative. If US float stays big enough it will definitely affect AIM prices.
IMO.
Long white candle would give us a buy signal ("buy-if" now: http://www.americanbulls.com/StockPage.asp?CompanyTicker=NWOG&MarketTicker=OTC&TYP=S )
But.. let's get it with 0.085 open. :)
I bet: all those unexpected visitors from IHub jungles that honored us by their insightful posts :) will be jumping in NWOG next week. We may approaching the “pump season” – not exactly a dream of long-term investor, but I will take this for now.
Do you speak French? :)
Babelfish:
“NORTH-WEST OIL COMPANY SA, in Genè O C, Swiss boulevard 36, c/o Ralph Lugon. New limited company. Statutes of the 24.05.2004. Drank: trade, trade of raw materials, in particular of the crude oil, petroleum products and by-products, transport, refining of the crude oil; provisions of services at the companies of the group North West Oil Group, Saint-Péterbourg, in particular in the administrative domain, of research, the production of oil and the petroleum products, their transport (boat, rail, pipeline) and of the financing of operations being attached to it. Share capitals: CHF 100' 000, entirely released, divided into 100 actions of CHF 1' 000, with the carrier. Body of publication: Swiss Official sheet of the Trade. Administration: Larpin Gerald, of Geneva, in Collonge-Bellerive, is a single administrator with individual signature. Collective procuration with two was conferred on Lugon Ralph, of Finhaut, in Vandoeuvres. Reviser: Fiduciary SFG Company and of Management SA, in Geneva. Newspaper No 6313 of the 27.05.2004 (0 2 2 9 9 4 5 4/CH-660.1.180.004-5)”
http://zefix.admin.ch/shabpdf/current/2005/2004/109-09062004-1.pdf
Exactly! During the merger we supposedly got NWOG assets and future growth potential. Almost all current assets were there (in our branches), and the potential (future international contracts)... This is the question. Hopefully, it will be answered soon and, hopefully, in positive manner. All company's PRs point in this direction.
I am not sure this is the same CreditLine, but maybe that's how we got into alcohol business... and it's Azerbaijan (babelfish):
"RUSSIANS AT THE SIYAZAN'SKOM WINE-MAKING PLANT Russian company "credit Line" is declared by the conqueror of investment competition on the privatization Of the siyazan'skeyeo vinnodel'cheskogo plant "siyazan'-Sharab". In the course of 18 months the company invests in the modernization of the enterprise of 2,938.2 million manatov. the "credit of Line" also took upon itself the obligations to transfer in the budget 110 million manatov in the form of single payment, to represent for the pay-off 7,000 privatizatsionnykh checks and the same quantities of privatizatsionnykh options and to transfer in the calculation of the enterprise "siyazan'-Sharab" of 88.1 million manatov. "express", on 3 January 2003"
http://www.brif.kz/arhiv/buletin130.php
"The fact is that, after conquering at the investment competition, after spending money on the purchase privatizatsionnykh it is share and the pay-off of budgetary it is debt, owners often cannot fulfill other obligations: let us say, on the introduction of new technologies, to the output of qualitative product, to a step by step increase in the power of production, to the restoration of work sites and so forth was for this very reason recently cancelled agreement with the Russian company "kreditlayn", that purchased at the end of 2002 98,95% actions AO Of "siyazan'-sharab", but that not known how subsequently to invest in it about 3 billion manatov. Means to this did not be sufficient. Winery is newly transmitted to the balance of state and as before it is in depressive state."
http://www.azerizv.az/article.php?id=3007&print=1
I agree 95%. Although your reasoning has some obvious flaws (5%), I will refrain from this theoretical discussion. It seems to attract bashers from all iHub boards. :) We may get all the answers from coming PRs. Let's move up already!
Another article (Russian):
Oil-industry workers will pour vodka.
http://adme.ru/business/2006/11/30/12916.html
The main theme: NWOG is trying to change it's image from pure oil producing company to diversified portfolio investor.
"Group sold one of its most valuable sections in East Siberia of the Hungarian MOL, and also it declared plans to develop the oil-refining business. SZNG is intended to build NPZ in Syria and ten refueling complexes in the North Western region. Yesterday Director-General of SZNG Julia Sozina reported RBK daily that the group purchased 95% of small Irish company for production and sale of elite Kosher alcohol Danziger... In future SZNG it is intended to build the production of beverages Danziger in Russia... Branch experts do not exclude, that SZNG enters into the new market as the portfolio investor and in the future will resell alcoholic subdivision. "
http://www.szng.ru/sar_e.html
Actually, based on history of NWOG PRs I still believe that we got 41% of entire NWOG - for example they reported Surgut-7 sale (MOL subidiary), Syria and Latvia deals (too far from Saratov :) under NWOG/NDOL header. It doesn't make any sense for them to do accounting that complex just to eliminate 6% (or whatever the float is) of shareholders.
IMO.
P.S. I am running out of free posts for today.
1. Nord Oil was not “a shell”. They used the shell company (Biometrics or whatever the name was) to get public. This is a Monimpex business (Parkin & Co) to do this kind of operations: http://www.monimpex.com/about_us_en.html Nord Oil had three wholly owned Russian subsidiaries: Nord Oil Products, Nord Oil Samara and NANA with real production and revenue.
2. The real question is just opposite to what you are asking: “Why did NDOL merge with North-West Oil Group?” NWOG actually got producing assets for free, and what was the benefit for NDOL shareholders? The only rational answer: They exchanged 59% of NDOL assets for 41% of NWOG assets plus unlimited growth potential that the company failed to prove so far. I already posted my history of relations with NDOL – after merger announcement I sold my shares (too early, way below $1) because I didn’t like and didn’t trust the deal. Another case, that I started buying back too early (around $0.3), but you never know where the bottom is. This company is for real, it’s not a scam, production is real, government support is real, the price will be much higher by the Summer 2007 (IMO). Note: NWOG has revenue and a lot of cash coming in, but I am not claiming that the company is profitable at this point – I just don’t know. We don’t have financial numbers to deal with (expenses, etc.). But at this price level this doesn’t matter – NWOG is severely undervalued based just on reserves numbers that are actually audited by RSM Top-Audit (not exactly western standards, but still something).
3. As to insiders dumping on merger announcement we can only speculate. Somebody definitely made a lot of money… I readily join the crowd that blames old NDOL management (Makarov, Parkin & Co). But I don’t have problems with new NWOG management yet. They are not familiar with US practice (especially Pink jungles), they don’t communicate with shareholders properly, they did this and that wrong. But they are interested in higher PPS more than I am.
IMO.
Actually, 120,000 metric tons is not a question (IMO):
"North-West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the U.S. Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. The company (eik: means THIS PUBLICLY TRADED COMPANY) presently produces over 120,000 Metric Tons of crude oil yearly."
http://www.marketwire.com/mw/release_html_b1?release_id=190459
120,000 Metric Tons ~ 880,000 barrels ~ $45 mln revenue (using Russian discounted prices).
http://www.eia.doe.gov/kids/energyfacts/science/energy_calculator.html
Even with fully diluted 1 bln OS it's $0.045/sh. Of course, it's not net earnings (we know nothing about expenses) but still some "free cash" to throw around.
Well, I am aware and posted few times about this semi-illegal or completely illegal practice. Don’t want to dive into details now, but this is why we have Frankfurt exchange here. :) The good thing: manipulations with NWOG is almost over by now. I don’t know where the bottom is (hopefully it’s in already) but we are moving up from here. Some other pinkies, that I am watching, are just at the beginning of this process.
IMO.
The period of restriction is well known, and was mentioned many times here. Millions of shares got free last Summer, and could be sold above $1. Most of them are locked till May-June, 2007.
"The possibility is endless." This is correct. :)
"holders of restricted shares who want money or tax loss write off" Could you explain a little? Shares are restricted and couldn't be sold. Are they shorting? At 0.075? Shorting is an open transaction and doesn't give any tax benefits...
???
The oil is produced by NWOG/NDOL (public company). My question was: assuming that "vodka business" was purchased by NWOG-CJSC (parent), where this money came from? Did they take 59% of cash generated? Impossible - it would be cash dividend, and all shareholders (including us) should receive it. Which other sources of revenue, except NWOG/NDOL do they have? I think/hope this mess with NWOG-CJSC in latest PR is a result of bad "copy&paste" work. Otherwise, they need to make it clear: 2 accounts, different sources of revenue, 2 audits, etc.
IMO.
SPRL is still close to the top of Powerscan list. CKYS, SFNN, and CFRI are also there:
http://www.investorshub.com/boards/read_msg.asp?message_id=15234830
They are integrated company that enters refinery business. NWOG refinery products :)
<<CWRN... I plan on buying up all I can at .002 or less (if it gets that low)>>
I think next week could be the best buying opportunity. Ameritrade just posted millions of new shares to our accounts. I am looking at my CWRN position with amazement and can’t count the number of zeroes. :) IMO, many people will try to reduce the number of zeroes starting next Monday – means increasing selling pressure…
<<The news about the Vodka company has nothing to do with "North West Oil Group, Inc ". Its to do with " North-West Oil Group - Closed Joint Stock Company ">>
This is possible (and even likely). Still, all this is more complicated than it seems to be. Where did they get $3mln to pay for “Vodka”? MOL $15 mln sale was reported as NWOG-public transaction. After all recent development I was under impression that they decided to put everything under NWOG/NDOL umbrella. If not – they will need to separate two accounts, two audits, etc. And what company is going to AIM? NWOG-CJSC or NWOG/NDOL?
My current impression: this latest PR was created in a hurry to fix the developing damage to the share price. All these pieces about NWOG-CJSC, old ticker NDOL, typos, etc. – is a result of “last minute compilation” from old PRs, made by somebody with less than perfect qualification. Again, the main news: the company doesn’t like current PPS and wants to improve it. If they want – they will!
IMO.
What are you talking about? Last price in Frankfurt was 0.072 EUR it's $0.096. "Use the Frankfurt exchange to gauge how this will perform." You mean NWOG will jump up 30% at the open? You do know that they trade in euros in Europe, right?
http://finance.yahoo.com/q?s=CXIA.F
http://finance.yahoo.com/currency/convert?amt=0.072&from=EUR&to=USD&submit=Convert
Welcome, antsquires. After a quick glance... CFRI looks interesting - business that I can understand :) and a good chart. Nice run recently, hopefully, you were compensated for NWOG fiasco. ACTC is out of my range - scared for life by biotechs. I am trying to find very delicate balance here. One needs to be diversified to survive in pinky jungles, but, at the same time, concentrated enough to take full advantage of winning positions. My current pinkies (dollar descending order): NWOG, SPRL, NNRF, CKYS, SFNN, AURC, CWRN, GBDX.
Let us know if you see some "fundamentally sound" bargains.
My average price for GBDX is also 0.008 now, but I am not going to marry this stock - short term trade I think. The problem with my penny portfolio: I am not going to add new cash to it! So, when some unexpected drop (like today’s in NWOG) occurs I have to sell something to be able to buy. Out of PYPR today with small loss: between PYPR and NWOG at current prices I’ve chosen NWOG.
Showing the wife penny portfolio? This is a challenge! Don’t go directly to the numbers, do some talking first – about growth potential, etc. “When it gets to 10 cents we will have $1 mln” :) Good luck!
$30 for 0.7 L bottle is very expensive in Russia… high end luxury product. Cheap “people’s vodka” will be selling for ~ $5/bottle. Of course, there is no beautiful foreign label there and no gold inside… :)
If you are going to hold NWOG shares get familiar with alcohol business! Weekends are the best time for practical exercises. :)
Babelfish translation:
Oil-industry workers sell gold vodka.
Small petroleum company "North Western petroleum group" it purchased 95% of Irish producer of vodka Danziger Gold, who sells vodka with the particles of tinsel gold on $30 for the bottle. Now company derives this production for the Russian market. However, participants in the market doubt, which Danziger will be able to engage serious portion in the bonus segment of market. As it became known for 7, PRIVATELY HELD COMPANY "North Western petroleum group" (SZNG) purchased 95% of actions of the Irish producer of the alcoholic Danziger Gold. The sum of transaction composed $3 million. Its final formulation is expected to 1 January, they reported in SZNG. As it explained the director general SZNG of Julia sozin, after transaction was accepted the five-year business- plan, according to which SZNG will put in company $10 of million, as a result of which it plans to leave to the volume of sales of 1 million bottles per year. Also SZNG plans to derive production Danziger on the Russian market. According to the mrs. Of sozinoy, the company will sell vodka on the price of approximately $30 (now in duty free it it stands about $25). Production will be sold in bonus product retail. Danziger Gold - family company, is based by the Hollywood producer Garry li By dantsigerom. Basic brands - Danziger Gold Vodka, Danziger Gold Liquor and John Ireland, under which are produced the whisky and creamy liqueur. Manage their own plant in Ireland with productivity 3-4 million bottles per month. In the past year the company realized about 24 thousand bottles. Production Danziger is sold in Ireland, USA, Belgium, Italy, Spain, Denmark and Australia. Experts doubt the success of project. "this is unjustified investproyekt, since vodka is considered one of the unquestionable age-old Russian products. User they can draw Irish whisky, but Irish vodka, there be it three times gold, hardly it can design for the great success for market ", - stated chapter TPG" Sergey zivenko's crystal "(is produced bonus vodka" white gold"). According to the data of the company "of Business- analyst", on the sums 2005 the bonus segment (more than 240 rub for the bottle 0,7 l) occupied 0,7% of Russian market for vodka in the volumetric and 2% in the cost expression. The capacity of Russian vodka market is evaluated into 200 million decaliters, or $9,2 by billion. "segment very small, but by its high marzhinal'noy profitableness draws many producers; therefore in it it is very tight. Must be the very sound reasons, which justify the high price of product, clear justification, than is good precisely non-Russian vodka ", - noted the controlling partner of the marketingovogo agency Stas marketing partners Andrey stas6. Moreover it is incomprehensible as the company, which never dealt with alcohol, it will be able to dostich' the necessary level of distribution, expert assumes.
http://www.akm.ru/jsp/frames.jsp?left=rus/news/news_contents.stm&right=rus/news/2006/november/30...
There are 18 posts in you posts history and all of them are about Blackjack. So, Blackjack, what do you want to tell us? :)
leebret, a lot of posts today - just found this one. No problem, we are in the same team and do share the same pain (called NWOG :) I read your posts daily and they are very helpful. Hopefully, today's PR will put the bottom to the NWOG chart, then we can start moving up.
The float is just 6-30% of OS (depending on dilution numbers). Unless insiders want to sell - there is no threat of buyout.
MCS - Global Strategies: http://mcspromedia.com/
Weekly update. Both portfolios are down - this time it's NWOG... although, management tried to save situation before the close. I expect SPRL to start moving up next week (with technical target ~ 0.05), NWOG at least to hold currend lows, CKYS can/should start rally any time now.
Portfolio 1. $10,540.05 up 5.40%
Portfolio 2. $11,806.66 down 5.55%
Well, I guess I will cancel my open letter to Julia – she has responded already. :) Maybe instead we need to help Mr. Malyshev with PR topics. Weekly updates – it’s not easy! This is definitely a positive development. The management wants PPS to go up – that’s what matters. One thing that bothers me, though… “North-West Oil Group - Closed Joint Stock Company, a privately held Russian company, makes the following statement regarding press releases and announcements made by North-West Oil Group, Inc. (formerly Nord Oil International Inc.)…” Sounds like if they want to remind us that NWOG-CJSC still exists, and not all NWOG assets belong to “publicly traded” NWOG.
Hi Joe. Nice to see you here! You don't need to be a paying member to start a board, iHub lets everybody do it. So, I have not paid a penny yet. I started this board with selfish reasons - as a diary to help me with trading/investing discipline. Then some nice folks showed up (like yourself) … I started “model portfolios” realizing what kind of risk we are taking in the pennyland. It’s a public test of “buy & hold” approach. In real life I trade more often (too often). This weekend’s update is going to be very painful. I am scared already. :)
Again, nice to see you here. Welcome, and feel free to post whatever you decide to share. :)
Vic, no “Dear Julia!” no “Best regards!”? With all due respect… that’s exactly why we have Brent communicating with them. :)
Thanks Brent. Nice to know that Julia reads this board… I am going to post an open letter to her this weekend. Need to find my “interview suit” first. :) Good luck!
<<AURC had some great pr if it was an amex trade stock most propably would've gone up $4.00 on that announcement now it's down.>>
My opinion on AURC: http://www.investorshub.com/boards/read_msg.asp?message_id=15196318