Max Petrol Share Chat (MXP)

You have a lot of opinions. What is your opinion as to the purchase by Sherbank of about $5million worth of shares of Max? Why would the major lender of a company which is in financial difficulty (in your opinion) buy those shares only to find that its funds are tied up in a company going nowhere? Tell us your take on this event.

SW will not result in a decent SP increase....SP goes down because we were told SW would be a gusher with 10k barrels a day and many millions of recoverable reserves. Now the truth is out it's a much smaller field than originally thought, another let down.

You're right no-one can predict the future and investing involves a lot of luck as much as anything (on AIM at least anyway). However whilst I don't usually view any possible future outcome as 'impossible' or even 'certain' I do tend to view things on probability and likelihood (this is what I do for a living, I work in asset management so risk assessment/management is what I do day-to-day). It's all about what probably/likely given the current situation, what we know and what is likely to happen in the future. As time has passed and MXP have matured their business the possible future outcomes have narrowed down from 'almost anything could happen' to 'it's a barely sustainable business with little upside'. Anything beyond that is, as I say, not impossible, but it's now very unlikely. I don't see that I could recommend and investment where the chances of a decent return are probably a few % at best, it's a massive gamble not an investment.

A rns must be due soon about sagiz drill.it has being three weeks.no dought another succesful drill but share price keeps on going down .? Do you not think its about time these directors showed some confidence in the company and bought some shares.instead of just take take take.

We can all have differing views and the simple answer is no one knows what's on the table until that red dot flashes and either delivers or you know what!!!!

Mav even though I often don't agree with you I always admire your ability to create your own version of the world and defend it against all the evidence. You should probably have been a politician, it's a good trait to have for public life. ;-)

Re NUR-1 seismics. Experts in the field arrived at the 29% CoS but you 'know' that it's actually 100% CoS. Now I just have to decide whether to believe that people who do this for a living might have some idea what they are talking about or whether they are wrong and you are actually God. ;-)

3 March 2014

On 27 February 2014, the Company received notification, that on 27 February 2014, SIB (Cyprus) Limited, beneficially owned by Sberbank of Russia OJSC, acquired 197,180,534 ordinary shares in the Company ("Ordinary Shares") and accordingly now holds 197,180,534 Ordinary Shares representing 9.06% of the outstanding share capital of the Company.

Well the Russians know a bargain. The lending bank purchases 9% of stock. Now as the lead lending bank and if MAX are in trouble - why acquire the stock? Seems a little pointless to me unless there is an end game on the horizon that see's you with a healthy return

The fall from 4.2p to where we are now was over done and when people actually look at this when we get our next update then expect this to head in the right direction.

There are negative posters who have averages that won't be reached, however those buying now are guaranteed a sizeable return - that is my belief.

Nur-1 has oil........I know the chance of success of the well was 29%, however someone somewhere based on the 3d samples and the salt layer they hit that there is oil there - now a case of who comes in and buys the outfit. Remember Private Investors, myself included hold less than 20% of the traded "free float" stock. The decision to sell will be made by the institutions.

Is pretty good if you follow it an the chatter about MXP - well all I will say is that there is rarely no smoke without fire

I'm in your camp - turnaround through possible sale