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Latest Share Chat
Max Petrol Share Chat (MXP)
| Share Price: 0.535 | Bid: 0.50 | Ask: 0.57 | Change: -0.015 (-2.73%) |  | ||||||
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Share Discussion for Max Petrol (MXP)
Thread View
RE: MXP
27 Oct '14
I've recovered well. Since leaving mxp. Glad I saw light on this one!!
Now in Gwmo .. Waiting for a jorc and its imminent. Still plenty of upside too.
Now in Gwmo .. Waiting for a jorc and its imminent. Still plenty of upside too.
MXP
27 Oct '14
Get out and buy something else would be my advice. Or if you're thinking of investing here, don't. Plenty of other companies to invest in. RXP have a deep find and are quite low at the moment compared to a few weeks ago. ;-)
emacd
27 Oct '14
Probably a 20-30% rise followed by a retrace back to 1p unless NUR-1 is re-started. If NUR1 can be restarted then may 2-3p prior to results, falling back sub-1p if it fails (likely). Really the only successful future is if Max can secure the AGR funding *and* get NUR1 restarted *and* they find oil *and* it's commercial. I'll leave it up to the individual to decide what the odds on all those events happening are. ;-)
TheRobster
27 Oct '14
As a matter of interest can I ask your view what you see the effect the AGR deal will have on the current SP, were it to go through?
A re-rate to the placing price? A muted market response? Further drifting? Or investors likely to rather wait until MXP inform the market what they have done with the cash injection?
A re-rate to the placing price? A muted market response? Further drifting? Or investors likely to rather wait until MXP inform the market what they have done with the cash injection?
MXP
27 Oct '14
Looking very ropey now...they need AGR to invest if they are to be more than a debt repayment vehicle but the RNS hints at problems getting this investment. Without AGR I don't think they will go bankrupt but they will have to use most/all of their money to repay the debt, leaving zero shareholder value. 1p seems to be the support for now but this will collapse if AGR walk away.
Very very risky now...everything depends upon a single decision that we have no way of knowing what the likely outcome is.
Very very risky now...everything depends upon a single decision that we have no way of knowing what the likely outcome is.
Rns
27 Oct '14
Is this the last hang on to the tail ,think the grip is slip slipping away
RNS
27 Oct '14
Doesn't look good , is there a future ?
leas
23 Oct '14
Ps - you expect AIM to be rational??? Muahahhaa!!! WAY too driven by human sentiment. :P
leas
23 Oct '14
We can speculate endlessley but the lack of SP movement after discovery announcement probably had more to do with the company's financial position. It might have suprised most PIs that the SP didn't move but any data analyst who understands O&G companies and what it takes to run one would probably have understood that finding the oil is the tip of the iceberg. It can take years to fully develop a field, couple this with a company with a poor management tract record, bad financial position and lots of other companies to invest in, it's not that surprising the SP didn't move. NUR1 was the only thing Max had going for it, take that away and there's nothing left worth investing in really.
RE: TheRobster
23 Oct '14
How do account for the sp falling every time the company announced a discovery? Did not and will not make any sense to a logical thinking person. However, what I did not realise at the time was the cash burn of the company after the placing in 2011. We obviously have differing views which adds to the intrigue of share dealing but my guess is the guys in the smoke filled rooms did. MXPs success rate was pretty good at the time, all the operating costs thereafter was blamed on NUR-1. The carrot that kept you invested.
