I don't mind what the news is as long as it comes soon! That premium placing gives us cash for aje-5 & 6, which are going to be stonkers because savvy investors simply DO NOT INVEST £5 million quid without just cause! If it's not aje news, it only gets better if we consider other possibilities, all off which are well documented on here by others. We've even got cash to be reported - who knows how much! I thought someone made a very good point the other day too: SO… Read More
If I'm 100% honest actually I probably won't return to a holding, unless something substantial happens such as the confirmation of extension or an increased percentage in OML, which ofcourse, I do hope happens. But still MXO is certainly a much more solid, cash generative company with a bright future.
Things are looking up here. No more discounted placings! I believe £5 million was required for phase 2 cash call?. Shame they couldn't raise cash through sales but better than those loan notes or stefan rubbery bouncy cheques. Once solid news is out I may return to a small holding here in anticipation of future growth and phase 3. The board has a solid vision here but it's been a long road for long termers ATB
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