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Max Petrol Share Chat (MXP)



Share Price: 1.24Bid: 1.24Ask: 1.27Change: 0.005 (+0.40%)Riser - Max Petrol
Spread: 0.03Spread as %: 2.42%Open: 1.31High: 1.32Low: 1.23Yesterday’s Close: 1.235


Share Discussion for Max Petrol (MXP)


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MaverickD
Posts: 4,718
Off Topic
Opinion:No Opinion
Price:4.15
I think Dragon
14 Oct '13
Will go for MXP wholesale. They have the increasing daily production and have 2 deeps as part of the deal. £200 million would be peanuts for them, but gives them this beast at 15p
 
leas
Posts: 2,869
Off Topic
Opinion:No Opinion
Price:4.15
glacial
14 Oct '13
MC of MXP is almost 3x that of RXP, Max has more shares in circulation. Getting use to seeing a red dot on RNS, but non today.
glacial
Posts: 518
Off Topic
Opinion:No Opinion
Price:4.15
RXP
14 Oct '13
Logical. I fully understand your frustration. Max are at least five years ahead of them and have found bundles of the stuff. Yet their SP is higher. Que????????????
glacial
Posts: 518
Off Topic
Opinion:No Opinion
Price:4.15
JV
13 Oct '13
As they seem to call all of the shots. Perhaps the Kaza Govt are waiting for the Halliburton report/plan, and will provide the necessary. Just guessing of course.
One thing you can be sure of, is that things will be much further down the road than we think.
On another topic. How are our sister company coming along with their drill? Namely Poxy Roxy!!!!!!
logical2010
Posts: 1,848
Off Topic
Opinion:No Opinion
Price:4.15
Half a billion barrels
13 Oct '13
Protential for 20m USD, peanuts to them to test this had have 60% of it . Makes you wonder why no one is remotely interested (apart from dragon oil of course lol ).
logical2010
Posts: 1,848
Off Topic
Opinion:No Opinion
Price:4.15
Farm in
13 Oct '13
We run out of money due to the stuck tools over a year ago, would someone not of already jumped on board by now given our situation a few months ago? They could of pulled our pants down and got a 60/40 split as operator, if it's that lucrative and only 1500m from TD ... Why are they not queuing up with, what is pocket money to a big player, to finish this drill ?
glacial
Posts: 518
Off Topic
Opinion:No Opinion
Price:4.15
A thought.
13 Oct '13
That"s all it was, in the pub, full of drink.
I fancy MAX see themselves as a mid tier producer, with a boatload more oil/gas than they can (or wont) admit to. Govt onside, very good track record of late, building infrastructure, farm in on deeps to come (just arguing over terms).
With so many shares in issue. Makes them look a bit Micky Mousey. As if they have been scrabbling around for cash. Which we all know is true.
However, as someone posted today, perception is the thing. And if NUR1 comes up trumps and derisks all of the others on that archey thingy. Then mid tier may be well short of the mark.
logical2010
Posts: 1,848
Off Topic
Opinion:No Opinion
Price:4.15
mike
13 Oct '13
bad idea in my experience, the falsely raised SP allows it to drop further than it generally would at the lower price, 40p gives everyone a false sense of security and dropping to say 28-30p wouldnt seem too bad, but in reality that is 2.8p and we would be all quite upset if max went to 2.8p as it stands....i know in reality it doesnt really matter, but i feel its a perception thing, and we would drop more than we are doing at the moment on discoveries IMHO
get_rich_quick
Posts: 2,387
Off Topic
Opinion:No Opinion
Price:4.15
View Thread (2)
RE: Consolidation
13 Oct '13
What is the benefit of consolidating?

Small cap companies tend to do it to falsely raise their Sp and attract ii buyers, Max already have plenty of ii investors.

And historically, when a company consolidates their Sp drops immediately after consolidation.

There is no doubt about it we have a lot shares in issue, but with insti holdings soaking that up, I don't see a benefit with doing so.

Their 75% holding of 2.1 billion shares is the same as 75% holding 2.1 million.

Have a pleasant Sunday.
mike101
Posts: 2,555
Observation
Opinion:No Opinion
Price:4.15
View Thread (2)
Consolidation
13 Oct '13
Would be a good thing for the share price,as at 4p a share most traders/investors see it high risk ie a penny share but if we do consolidate at 40p many will see it as less of a risk then 4p i know it sounds crazy but thats how the markets work all about confidents and perception gla..



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