Did the same after the placing. 18p. Averaged down when we fell below 10p and then bailed on the rise to 13p. Very small profit and not worth the pain. I actually sold because they stopped drilling the shallows and posted my concern at the time. Hope catfish is fine, seems a really decent chap and deserves some luck. Lets hope MXP can bring a little sunshine.
I first bought into mxp @ 18p,but bought a shed load when we were below 3p so not a bad average as it stands.Mxp are getting there after some costly mistakes but as you say you learn from your mistakes and i truly think one day we could be a oil giant in the making,many companys have to go through this transfer from exploration to production company and it takes a while to get there.But make no mistake mxp are getting there,and there ratio in finding oil is as good as it gets gla..
Yes, but I promised to take Robster for a meal if he recovered his original investment. The 10p a share covers the expense.
Nice to see a change of sentiment around this company. All the new investors (including myself) should offer support to the sp. The risk v reward looks a lot better. Especially after today's news. My hope is that they don't rush through improving infrastructure until debt is well under control. Be happy if an accountant makes the decisions for now. Or the institutions.
Yet again. Great volume today. Bodes well for tomorrow. Be interesting if we get another holdings RNS anytime soon.
P.S. Not the usual 2% drop on discovery of oil. 30m. Whats not to be excited about. Only have to evidence that they have debt under control and ChelseaBoy will be back in double figures and Logical will have a healthy profit.
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