Totally disagree that its best investment on aim even for the long term.I think CICR is by far a better company results with in a few weeks which will boost the sp more than many might believe conceivable check it out for yourself. This company has potential but can still cock it up, once its bad record is forgotten it should move various forecasts indicate 10p-by similar comparison I expect CICR hit minimum 10p and beyond much faster and more solidly,within 5 weeks.With a 2 year target of a £1. MXP has good drilling results but its price does nothing but fall back,the only reasons I can think of are the way its product is price and time limited on sales to local gov.com and the taxation of open market sales allied to its poor previous history.
70% now out of public hands when you add in Henderson yesterday http://www.maxpetroleum.com/significant%20shareholders.aspx Posted last night that this is now just a matter of who and when 2013 aim no brainers for 3 x sp GKP, Mxp, des all could be taken withing days/weeks/months but by all year end
On AIM in my opinion. We have reduced debt and have increased production at 6000 barrels. Licence extension for 2 years for exploration followed by a development period. NUR - 1potential and due to the location near the Caspian Basin I think geologically it is an attractive location, wich is oil rich. Takeover based on current valuation a clear possibility. An offer of perhaps 15-20P.
Holdings Update - Henderson
Henderson Global have upped their stake in MXP from 234 million shares on 26 Feb 2013 to 256 million shares on 20 May 2013 http://www.investegate.co.uk/max-petroleum-plc--mxp-/rns/holding-s--in-company/201302261010126737Y/ http://www.investegate.co.uk/max-petroleum-plc--mxp-/rns/holding-s--in-company/201305201525391419F/ MMs have been filling massive buy orders as 20 million have been acquired by Henderson over the last 3 months. We also know UBS have also increased their stake during this period and now interest in 186 Million shares. GLG have 270 million shares also. So just breaking down these 3 institutions we have the following interest in Max Petroleum broken down as a percentage: GLG: 14.9% Henderson: 14% UBS: 10.3% Between the 3 institutions they are closing in on 40% of all shares. I always say follow the money and the current valuation looks chronically undervalued......should see further stake building and the share price appreciate as more oil is found, production increases and revenue builds up. Also in terms of a potential takeover that too is a possibility - one way of certainly completing NUR 1 and drilling the 2nd deep within our concession.
If the aim.can't realise a value with no investors.big companies will swallow all of the profit.and small investor gets a pittance ,oh well what's new,but it would be nice to see what's down the nur-1 hole,still think MXP is worth holding,now I lost mega money year ago,somewhere some sort of value will have to return,someone appears to have sold 300 plus k,on the 17th ,wouldn't you think they would have waited,unless they bought at 2.8p,but that was year ago,they sold at 4p,don't think there is anything that is likly to happen to pull share down further,MXP seem to be setting up a good stall,after all the past problems,no fast killing to be made here,suppose aim could fall apart,it's the way the world is heading,but there will always be new money for oil,china is just sitting and watching all bargains out there?
You would of thought, at this price, more people would of noticed that the ii's are looking like they will also try and buy the final 30% and eat the whole pie themselves if given the chance. 2013 no brainer under current standing.
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