Max Petrol Share Chat (MXP)

Yes, there are a lot of minnows suffering badly at the moment, and majors too. It just doesn't seem logical to let such an operation go to the wall, but when has logic ever played a part in the corrupt world of AIM?

thks coggy , touch and go !! if its a blow out then i think the whole mkt oilers will react to it especially AFR who are up **** creak too !

I'm not sure. Didn't they say a tax bill is due on the 25th and has to be paid by early March? We may have until 1st week of March to wait.

Is it tom 25 /2 we find out if funding sorted or not ?

I would put this between A Prospect and Average Prospect.

This is obviously based on my own circumstances: 1m shares at 0.1185p, and a short term event horizon.

The buying on Thursday suggests that many are waiting to buy back if the finance issue is sorted, so assuming they do this will fly, but it's obviously not guaranteed.

Interesting times...

Slim Prospect................................0 - 10% chance.

Fair Prospect................................10 - 25% chance.

A Prospect.....................................25 - 40% chance.

Average Prospect........................40 - 50% chance.

Reasonable Prospect.................50 - 65% chance.

Good Prospect.............................65 - 85% chance.

Excellent Prospect......................85 - 100% chance.

If you read back through my posts, you will see I too was in Max. Lost about £10K all told in 2011. It would be nice to get it back before the Company ceases to trade. It's my risk, nobody elses, and I would never encourage others to follow suit. However, going by yesterdays activity, there are plenty of day traders out there who enjoy the risk as well.

SP dropping now. I thought it may repeat yesterdays gain, but just shows you WTFDIK? Probably re-trace back to 0.12p then go into liquidation. OR, issue an RNS Monday morning saying "Finances sorted, Business as usual". Who knows?

If they do pull it off, it is encouraging to see they have a plan to make the Company profitable at present day oil prices. Bodes well for the future if they survive.

Looks like Stevie Wonder mad e the right choice and stayed clear :-)

I Coggy ...I have invested at various points in MAX over the last 2 years and at some points made money and at some points lost money but thats the risk ...I am not one of the de-rampers that float about for there own agendas ....I just think at what point does it have to be crystal that the company is in serious trouble ...it has moved from a an explorer of Oil with NUR1 batted about for the last 3 years to last year no more exploration oil price is down by over a half it cant pay it loans and creditors and talks seem to have stalled over the proposed deal that was moated a while ago ...and we are now trading in tenths of pence s...Good Luck to everyone

Again I agree with you. A very risky punt indeed, but if it comes off, those who dared, won.