NGE – NGE Capital Limited
IMO this company is flying under the radar!!
Huge amounts of land in PNG.
Close to exsisting wells run by OSH (I think from memory)
Just announced fast tracking the drilling for a possible 187Mil barrels of oil.
About to announce a JV partner any day!
The smart money has been in PNG for ages….now this is time for a junor to take off.
Ive kept an eye on this stock since it came on the ASX. IMO someone has been looking to offload 000,000’s of shares, mostly on 100K parcels.
Over the past week, the sell keeps dumping them and the buyer keeps buying them.
Someone is gobbling up alot of these shares (and Im envious)
Its possible the seller is Mr Towner.
He has 77Mil shares in the company and left recently. I mean I dont think he’s selling out…..I think if you have that many shares, why not sell a few to buy yourself a new Rolls or something
Heres something interesting too.
NGE’s largest holder in Mandolin PTY LTD. @17.29%
Mr Towener is a director of Mandolin.
Mandolin, in July 2008 was caught up in all that Opus B.S and sold 12.5Mil shares in ORD (OrdRiver Resources).
Now Im not sure if that money went to Mandolin, or if it was ANZ who took it…that would require more research
Interesting connection anyway
I could find nothing on the second biggest holding Asia Image Limited. @6.29%
The third larest holder is a Print and Internet publisher to the mining, oil & gas and related sectors
The big thing for me is that someone has been buying them all up.
As to who that is….Insto.probably not..yet. Though when did they jump into CVN?
Today was great.
Big volume, and a close OVER 6c again.
Good stuff
Disclaimer I do hold though no way near enough for my liking)
