Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Still investing and losing . Wonder how maggie would have fared with the price of oil in todays market, we would all be millionaires ,wishful thinking maybe . Ive got all my money cashed out of shares for the time being ,market looks a bit too wobbly .
Hello Maggots, is everyone still alive!!!!!!!!!!!!!!!!!!!!!!!
come have alook at bpc,.
big drill in december/ january...2.5p as it stands
No sign of any of the other Maggies but then I don't tend to frequent the boards as much as I used to. I have had a little bit of success but also a pathetically regular series of flops. Only invested in one other oily which actually pre-dates MAGP and has followed a similar pattern of high hopes, dashed dreams, potential game changers, imminent disaster and hold your breath and pray moments. No idea how its going to pan out but then the world in general is on that page. Hope you and yours are keeping well. I wonder how Rita and Stephen Snead are coping with all this. Equally so, I wonder if any of us old investors (cash donors) cares.
Hi there Coop, good to hear from a Maggie in strange times indeed.
I gave up with oilies when the crude price collapsed and have mostly stuck to blue chips and funds; but even they have not helped much. My one excellent success though was to go almost all in to a gold ETF at the start of the year. Gold has risen steadily ever since and in the uncertain times ahead will probably keep going - especially if inflation sets in.
I also miss the banter here and see that Baron has now made a career of trading and seems very good at it. Have you come across any of the others?
Just popped in for a peek. Still can't resist the odd look just in case by some miracle something stirs in the oily morass. Since the demise of dear old MAGP I have invested a little made a little potentially lost a bit and the whole world has gone mad. Really miss the simple days of joining in the banter of the pink hat brigade and looking forward to a post boom get together in Blackpool or some other far flung paradise. Who would have thought we'd all end up potless, locked down and restricted to wandering down our own garden or donning PPE to go on a pasta and toilet roll hunt. Strange times. Stay safe and happy trading.
Half reasonable password there Jobsworth - could do with a few non-alpha characters though :-)
Just passing by chaps; anyone still here from the Pink hat days??
fW8fi5pW1D13S53y99c1
if magp had just survived before ,this covid crisis would have certainly killed it off . NTOG,s on its knees .
Stay safe ,Stay home . Better times ahead .
Cheers all .
11 Feb 2020
Final Gazette dissolved via voluntary strike-off
This document is being processed and will be available in 5 days.
Just thought I'd check in for old timesake and saw the recent posts!!
I've still got my share certificate, for what it's worth!!
Interesting to read regarding the striking off? Are things going on that might see MAGP rise, Phoenix like, from the ashes? We can always dream !!
Hi Robsky
How are you ?? Do you think that it may be Western Energy Development Llc who are trying to stop this going completely?
Anyway looks like Stanley Anthony SALTER has had enough or was he pushed !
https://beta.companieshouse.gov.uk/company/05566066/filing-history
No one else about at all now ;-( cant even go digging lug worm with smidsy.
striking off suspended https://beta.companieshouse.gov.uk/company/05566066/filing-history
glad to see objection to striking off and hope there is an investigation into what went on here, the wholly owned Magnolia Petroleum Inc is even as recently as september 19th 2019 trading and purchasing leases in Oklahoma
https://okcountyrecords.com/results/omni=magnolia+petroleum/page-1
looks like ntog heading to the same sticky end .
https://www.share-talk.com/magnolia-petroleum-plc-aim-magp-cancellation-to-trading-on-aim-what-went-wrong/
Magnolia issued an RNS on the same day Capital Management Agreement and Issue of Equity Rita Whittington, gave away nearly 30% of the business to Western Energy Development (WED) to save her own skin.
In Rita we trust
Havent posted on here for ages and im still a holder... of nothing now then, sad to see it sink.
Hi folks. I've pulled all my money out of stocks and bought a house instead. Not so much fun though! GLA
Hi Coop,
Yes, sad day indeed. I wonder where the pink-hatted lady is now?
I am trying to stick to the main market now with the occasion small dip into AIM having lost loads on oilies and biotech outfits.
All the best to any Maggies listening.
Just had the official notification that MAGP has been wound up and all proceeds from asset sales have gone to paying off creditors with nothing left for distribution to shareholders. We all knew it was coming or indeed that it had already been confirmed but it's still sad to see it in black and white. On the off chance that others like me decided to have one last look at this message board, I just wanted to say thanks to all the regular contributors who both entertained and informed over the years. It was a lovely but ultimately expensive dream which (as I have said before) was in our case doubly so due to a bit of freak timing when we doubled our investment to move our account to a stocks and shares account only to see the price crash before the 3 day B&B process ended. Here's wishing all the old crew better fortune with future investments and you never know, maybe somewhere along the line some of us will meet on some other company's board and have the opportunity to celebrate rather than commiserate. In the meantime to quote Douglas Adams "So long and thanks for all the fish" or is that just the fishy smell created by MAGP's demise?
I have had AGM Notice this morning
Asking us to VOTE on
1 / TO RECEIVE THE REPORT AND ACCOUNTS
2 / TO RE-ELECT LANNY WOODS AS A DIRECTOR
3 / TO REAPPOINT PKF LITTLEJOHN LLP AS AUDITORS AND TO AUTHORISE THE DIRECTORS TO SET THEIR FEES
Meeting Date 14-Nov-2018
Meeting Time 03:30 PM America/New_York
Meeting Location TULSA
NO OTHER INFO WHAT SO EVER ;-((((
Amounts per my previous post should be USD, the reporting currency not £. All other comments apply.
So ....
No fixed assets (all reclassified)
Net Current Assets $3.66m
Net Current Liabilities $4.12m
Equity Holders - $0.46m (NEGATIVE)
Guidedog
No there aren't 43 pages to get through unless you want to continue to fail to see the wood for the trees:
Page 1 Review of operations
The group sought to sell down its assets and settle the debts due. The Group is now seeking to wind up its operations.
Page 4 - Consolidated Statement of Financial Position
All non- current assets have been reclassified as current (not prepared on a going concern basis - since decisiion made to cease to trade.
Page 8 - Audit Report - Emphasis of Matter - Going Concern
Going Concern basis of reporting not appropriate for reasons stated by the directors.
Page 19 GOING CONCERN
The company made the decision to cease trading effective from the date of repayment of the loan (July 2018) and to wind down its operations.
Page 13 - Statement of Financial Position
So the position as 31 Dec was
No fixed assets (all reclassified)
Net Current Assets £3.66m
Net Current Liabilities £4.12M
Equity Negative -£0.46m
Smidsy - Is that your only comment .... do you really need an answer to your question?
Page 4 of the report.
Will the Directors be able to sell their shares?????If so for how much?????/ Who will buy them????
MAGP ACCOUNTS NOW UP ON COMPANY HOUSE
https://beta.companieshouse.gov.uk/company/05566066/filing-history
26 Sep 2018
Group of companies' accounts made up to 31 December 2017
43 PAGES TO GO THROUGH !!!!!