Bargain my arse. People have been saying this all the way down from 20p.
Why is this a bargain? I've already done some rough and ready calcs to show that the current SP is about right given existing deby, likely 2Ps, asset value etc. Unless NUR1 comes in (unlikely) then 4-5p is all we can expect.
very cheap , bargain at this price should head north buys will start to come in can already see a sea of blue back past 4p soon also think should get rns soon enough
RE: ii's adding
They're not the only ones adding. A few minutes ago I've just bought £450 worth. Small fry but I've been doing this every month when the Sp has been at this level. I think its a great entry point, which has been well balanced by ii's purchases. I'm happy to float at these levels until news comes out with what's truly occurring. Maybe nothing. Maybe something. Regards.
RE: ii's adding
Why would you take the time to post all of what you have just said... When you say you hold 1 share.. Firstly it was not a mistake that anyone took these at 17p a share..even the big boys could not of foreseen the implications Mxp had with drilling the deeps. Mxp are slowly turning things round. The shallows so far have been a success, yes they should have completed these before moving on to bigger targets. But in hindsight if Nur-1 was a hit at the time we wouldn't even be at this level. I see this as a setback and nothing more. Great things can still come and I agree it's a waiting game, but ask yourself why did you first invest? Why can't it still be delivered over time. That's why I'm still holding and have averaged down like many others. Just like the big investors have .. If you do hold 1 share like you say you do. Ask yourself why you did this. It's time to move on my friend and. Put it down to a lesson in investing....
I wouldn't think the ii's adding means that MXP is destined for great things or is hugely undervalued. Several things to bear in mind: 1) a number of them got in at 17p so if they didn't average down they'd never get their money back. Some have continued to add over time on dips so probably have a low average, around the current SP most likely. If you hold a few million £s worth of shares at around the current SP it doesn't take much of an increase to realise a decent level of profit. 5p would give them 20% which is a good return. 5p would be s**t for many of the rest of us though. 2) However much they invest we need to remember MXP is small fry. ii's invest billions in the stock market so I'd hardly get excited about a few million £ they might have invested here. It's not exactly going to set the investment world on fire. 3) They could be making the wrong decision....just because 'the professional' have invested here doesn't mean they are right. They invested at 17p remember? And how many investment companies went to the wall in 2007/08? They aren't infallable... End of the day we probably aren't ever going to be worth much more than we are now. Too many things would have to go our way for us to be worth >10p, history of Max is one of snatching defeat from the jaws of victory, underestimating costs, underestimating timescales, lying to the shareholders and general all-round incompetence. It's not exactly a recipe for success is it?
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