Also just to show how bad my investing "skills" are....about 6 weeks ago I had my finger over the 'buy' button for RXP and thought "nah I never invest in anything decent" and didn't buy any shares. Have a look at RXP now...I would have made a fortune!
I don't think the new investors intend to run Max in to the ground - the existing Bod already did that! We don't really know what their intentions are and to be honest I don't really care - I'm beyond caring what happens to Max now anyway. I harbour some hope that NUR-1 might get restarted now due to the new funds/investors but I aren't holding my breath.
Some of you guys are questioning the intent of the Kazakhstan family that have taken a 51% stake in MAX PETROLEUM. You only need to look at the history of SUNKAR (A phosphate company also in KAZAKHSTAN), that company has been deliberately run into the ground so that another Kazakhstan business man can get the company for peanuts. These guys in this country are crooks! I have held both these shares for many years and would not now touch Kazakhstan . Good luck but they have a plan!
Totally agree, Sberbank were lurking, Roxi and their £40m investment at over the market price (at the time) showed this to be a workable deal. Long, Long, road before we see 5p but you got to be in the game to stand a chance!
Probably all of it! I don't think it would have been confidential, any potential partner/investor would want to see it.
I wonder if recent success with the RXP deep drill has reignited some interest in NUR-1? Reading the RNS it does seem that AGR Energy are interesting in a long-term view of Max and want to be part of growing the company. So long-term things may be looking rosier.
If you look at the current situation re production rates and revenue it's obvious they need this though - I think Max may have gone in to admin if they hadn't got this additional funding.
It usually pays to be sceptical, so whilst I do think that this is overall a good thing (Max may well have gone to the dogs without this cash) we have to admit we don't know hardly anything about the family/business injecting the cash in to Max. Why are they doing it, what are their plans, what do they want? etc. Let's just hope they aren't going to break Mxp up, firesale it or something similar. What we really need is the Max BoD to explain what the future plans for the company now are.
On the plus side I can't imagine they aren't trying to get NUR-1 restarted so whilst I still think a successful deep drill is unlikely, it's now more likely than it has been for over a year. So there is some reason to have a bit more hope.
As a holder of this share for nearly 2 years and buying and selling at differing amounts .....it amazes me how some are viewing that we the recent news with a touch of negativity .....£37 mill has been pumped into the company at a share purchase price above what the share was sitting at ....so a few months ago ......it was all about the company going to the wall or being a sub penny share .....I agree we are not out the woods .....but if someone is pumping that kind of money into Max .....I can only presume that they know something that we are not privie to ....only an opinion.....but FFS ...Stevie wonder can see this is good for the company and also for shareholders
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