wish you the best of luck with this one. I see it as a 50/50 bet. Just my opinion of course but only winners here (again) will be the BoD who have only one thing on their minds. One thing of note, keep a careful eye on the spread here, buyers in the last few trading days have been locked out. Not sure if a big order is being filled.
what i see in this company for the next 12 months.
cost saving initiative, aggressive pragmatic view of the balance sheet, removal of uncertainty with cash injection by way of new ownership, the development of their future highly prospective fields and (i speculate) the impending strategic significance the authorities will take on MXP. Whilst the money is off the table, i'll take a nibble as MXP bumps along the bottom waiting for the dust to clear.
Share view: accumulate / not for the faint of heart :)
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