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Max Petrol Share Chat (MXP)



Share Price: 0.16Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Max Petrol
Spread: 0.00Spread as %: 0.00%Open: 0.16High: 0.00Low: 0.00Yesterday’s Close: 0.16



Share Discussion for Max Petrol (MXP)


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dixie1
Posts: 660
Off Topic
Opinion:No Opinion
Price:1.80
View Thread (2)
West11
11 Jun '14
The Robster has put comments on this board for a number of years but has never put many if any positive comments. I believe from memory he sold out a few years ago but still seemed attached to this board..
 
TheRobster
Posts: 3,815
Off Topic
Opinion:No Opinion
Price:1.80
West11
11 Jun '14
12p a share with no debt would give a MCap of over £260 million. Would need 26 million in 2P for that. Do you know how to use a calculator??? :P
TheRobster
Posts: 3,815
Off Topic
Opinion:No Opinion
Price:1.80
View Thread (2)
West11
11 Jun '14
I've been invested here for a loooooooong time. ;-)
TheRobster
Posts: 3,815
Off Topic
Opinion:No Opinion
Price:1.80
West11
11 Jun '14
"By any valuation"

Oh okay then...2.2 billion shares @ 2p + £60 million in debt = £190 million. At £10 per barrel of oil (value to Max) 2P value would have to be around 20 million barrels. This is more than double what they have. So basically they need to double 2P value to get close to 6p on an enterprise valuation. Not sure that's going to be that easy to be honest. :P
West11
Posts: 3,830
Answer
Opinion:Strong Buy
Price:1.95
View Thread (2)
RE: West11
11 Jun '14
very much aware of the debt, which is declining as we speak....without the debt, SP would be well over 12p...

question, what is your relationship with MXP...? you investor or troll..? its binary and if answer is investor, then why invest in accompany that you do not feel comfortable with..?
TheRobster
Posts: 3,815
Off Topic
Opinion:No Opinion
Price:1.93
View Thread (2)
West11
11 Jun '14
Think you might be forgetting the low 2P numbers (<10 million) and massive debt. From an asset valuation perspective the oil reserves just about cover the debt + running costs. 6p a share is nigh-on impossible on the current know reserves. But don't let awkard facts and figures put you off. ;-)
West11
Posts: 3,830
Observation
Opinion:Strong Buy
Price:1.93
VWAP
11 Jun '14
VWAP 1.93
West11
Posts: 3,830
Observation
Opinion:Strong Buy
Price:1.93
View Thread (2)
RE: max
11 Jun '14
Mannan, think some folks were taking the troll seriously, however, not enough to sell....looking good for 2.5 tomorrow..
West11
Posts: 3,830
Observation
Opinion:Strong Buy
Price:1.93
Observation!!
11 Jun '14
chunky BUYS into close.....
mannnan
Posts: 23,631
Observation
Opinion:No Opinion
Price:1.93
View Thread (2)
max
11 Jun '14
much further to go





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