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If you have money to throw away yes! AIM cancellation looming ...read the RNSs! This is just disposal to meet debts...
https://twitter.com/mozeight/status/1009434153228619776?s=21
Thanks. I understand it's very risky. Don't like the fact that it's delisting on July 2nd.
Beware.....
Up to you - if you’ve been in plmo - ura - more - pcge ect this really no deeper risk and possibly much better - I’m sure you’ll have your own rules so best stick to them or you might be sorry
Is it worth taking a punt on this?
Haha not from me - You'll be paying too much anyway because you can still buy small quantities at 0.75 - I think it’s positive could work out really well
Hi smidsy needs to be above 25p for me ;-(((
Where will this end?
PENNY FOR YOUR SHARES ANYONE ?????
Now WED have the opportunity to in buy more wells Will we still get the management payments to run them as the original deal was for management fees to be paid to MAGP for this type of thing ???? Dec 2017 As announced on 4 July 2017, Magnolia entered into an exclusive agreement with WED to invest, on behalf of WED, up to US$18.5 million into the Oklahoma oil and gas market. In return Magnolia receives cash fees as well as a 25% carried working interest in the first well in each spacing unit. A pilot programme in which Magnolia invested US$500,000 on behalf of WED into qualifying oil and gas properties in Oklahoma, generated US$75,500 in value for Magnolia in terms of lease bonus and the carried interest for 25% in the first well within each spacing unit; plus an additional US$127,982 uplift in the PV9 value of Magnolia’s reserves. To date, the pilot programme has generated a rate of return of 100% and a return on investment of 3.26 times.
Compared to 3 weeks back major positive - we now have the strong possibility in short term of debt free company and in mid to long term very capable interested major share holder to assist with interest in 70 ish remaining Wells - not bad for 175k mkt cap -
People are buying and the SP is going up. Do we take it that this RNS has some legs?
Positive
Comments please
So there was a plan C - still life in the old dog
final shafting
Be very interested to know who the seemingly very generous ‘third party’ is - happy to pledge much better than fire sale money for the North Dakota assets - and what sweeteners will be added at a later date ? It’s the type of deal our friend Eddie loves wouldn’t you agree Mr Burmese ?
That’s very kind of you. I’ll take you up on that. Nothing like a good chippy dinner. Was hoping this share would feed me caviar one day but if it’s fish & chips so be it ;-)
Bless you - I’m sposed to be on a diet so I’ll hold off them for now - If positive comes out of this the fish and chips on me !
No, I am not a Yorkshireman. I’d rather eat my “CHIPS”. Even though Rita has eaten most of them and will probably eat everything else
Haha yep all things to all people - ‘nowt’ You a Yorkshireman ?
A Friday night chippy is beat than nowt.
They tried to bluff, we called it and a plan B then appeared - even they know they probably won’t get the 75% vote so I guess that’s why folk still taking a punt - if they delist and continue with a strategy great I’ll jusy bottom drawer them - good luck too all holders 🙂
Is going to take this all for herself leaving shareholders with nothing. She could deliberately stop the North Dakota asset sale by not agreeing to any offers made so the bank calls in the assets as already mentioned in the last RNS. This is being worked in a manner that she keeps,it all. Shareholders have been well & truly shafted.