Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

New World Oil & Gas – Where’s the Niel deal?

By Ben Turney

17 December 2013 10:37

One of the most frustrating aspects of researching stocks on AIM occurs when directors don’t fess up to failed goals or missed targets. This is particularly problematic when companies explicitly announce they are going to do X by date Y through an RNS. Then, as is often the case in the performance graveyard that is AIM, date Y comes and goes, but the promised X does not materialise. At this point, companies can become mysteriously quiet on the matter, almost certainly in the hope that disappointed expectations will slip quietly into the night.

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Comments

wildrides

17 December 2013, 11:03

Whats probably happened is Niel Pet have done due diligence . This has revealed the the directors lavish lifestyle drawings and the exact size of Bills monthly Walmart shop . They have thought …… bloody hell these guys are lifestyle directors ! we dont wanna pay for this malarky !
wildrides

17 December 2013, 12:42

Come on Bill , lets have a reply from you via RNS and I dont wanna hear it via a bloody mining maven insider video thanks . A proper RNS will do nicely .

WHAT IS GOING ON BILL !