get rich quick- I myself had a sb open for over a year thinking the same thing which does cost a bit every time it gets rolled over. just bear that in mind. Given the circumstance probably best to go short!
Whether this share is a 'debt repayment' company or not; the company has a fair amount of asset that can't be ignored.
I'm not an advocate of the take over rumour but, there is too much potential (with the aid of money) available, combined with a their wells. If the output can be increased, it's possible this low Sp would be a good target.
The office doors may close, but Max still has a lot to offer a more financed company.
Recouping money from purchases around the low teens is long gone. Even the high 1's is probably unlikely. If we return to 5p I'll have done well via a spread bet, which will easily recoup my purchases from 12p downwards.
true. If i was in their shoes I would probably do the same. no point being volenteering for unemployment! head hunters wont exactly be banging on the door looking to sign them up either. I will keep looking in here to see how it pans out as it has taken up quite a bit of my time over the past 2 years. I may stay away from the o and g companies in the future. I got into hawk from here but then got cold feet as didnt trust their newsflow regarding declines in the wells so i jumped into Globo which is tech.......need a bounce there. im due some luck! GL GKP a good bet at these levels its at as well.
The issue to me is that the current set-up is a good deal for the bank and Max directors who are or soon will be sucking the company dry of any residual value. I can't see why the BoD will be wanting to sell out and move on when they can sit here for several more years yet pulling in huge salaries for little effort. I would think by now they've come to the conclusion that the company has no future so why not sit on it like a big fat leach and suck what life remains out of it?
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