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no worries didn't say you were hiding anything!..... there may well be value here - again cash is king and MMO still have more than the current market cap which is always of interest....and given the interesting liquidity if there is good news coming then this could really surge....so awaiting the update
Yes, i am. I don;t hide anything. My profile on Twitter clearly states that i am Upenn on LSE. I bought my first lot into MMO a couple of weeks ago. I did at the time state that on twitter. I think this is a highly speculative investment just to be balanced. Could work out or could lose. I am happy to take the risk on balance. Good luck
you aimbuster?? MMO could go up simply on 1 buy....as stated yesterday it swings pretty wildly due to lack of lqiuidity - you could buy 150k at 4.15p yesterday - couldnt buy a bean at 3p today... cant check tdw as im locked out...but HL cant buy now I think its trading sub cash so you can argue it is cheap.....but co need to update us as to where the assets stand now
http://data.int.bbc.co.uk/finance/company_news?cid=466212509356915&ei=qlRgVZnZM4yqsgHzvIEY
i have clearly stated it's "Speculative" and used words like "BIG IF". I have also questioned if "its to good to be true..." all other details are facts from the RNS
yep 30% interest in Askia and gold production. The production target by end 2014 has clearly slipped but we dont know why. Also what have the partners been upto at NWT and the coal asset?
not read the link but isnt that directors taking salary as shares to keep cash in the bank. Would suggest that they have either earmarked the cash for something or believe the shareprice has a good chance of appreciating or believe in the investments to date. Either way this share is off the radar, low frequency of trades and highly illiquid, the BOD are heavily invested (look at share register) and severe lack of updates to shareholders.
Think bod know whats happening. Mercom Oil Sands Plc insider Purchases £20385.47 in Stock (MMO) http://www.mideasttime.com/insider-buying-mercom-oil-sands-plc-insider-purchases-20385-47-in-stock-mmo/442384/
twatter Aim Buster ‏@AIM_Buster 1h1 hour ago #MMO Speculative. See RNS dated 29th May 14. 30% interest in alluvial gold co w/ projected 25-60kg/month. MC £0.5m. To good to be true? 0 retweets 1 favorite Reply Retweet Favorite 1 More 1 more reply Aim Buster ‏@AIM_Buster 9m9 minutes ago @AIM_Buster phase 1 25k gold per month = $900k/month. 28% cost. Profit = $650/month. + other investments. MC=£0.5m. To good to be true???? 😕 0 retweets 1 favorite Reply Retweet Favorite 1 More Aim Buster ‏@AIM_Buster 1m1 minute ago @AIM_Buster if all true (BIG IF) then x10 bagger+ possible. Dyor 0 retweets 0 favorites Reply Retweet Favorite More
live buy quite on HL...cant check tdw coz ive got locked out!
RNS also states cost is 28% and cost does not change if ramp up production to 60kg. Even at 72% profit, that's circa $650k per month. Phase 1 was supposed to have been completed Q3 2014. Clearly not all profit would belong to MMO. MMO share is 30% i believe of Lion Natural. Something not right here... either production has not materialised or company being very hush...
Have 30% of Lion Natural Resources:- "It is projecting output of 25kg of gold per month for its phase one expansion which is scheduled to be completed during Q3 2014. It is expected that production costs will be 28 per cent. of output and scalable without increase in cost up to 60kg per month." This is in relation to Askia Gold element of Lion Natural Resources, Askia dont appear to have updated their website since last summer. 25kg = 881 ounces, at $1100 ish = $970k per month or $11.6m annually. 30% to MMO = $3.5m. Only question is if this has gone ahead and in production. also have 30% of NWT who have: "The estimated coal resource (non-JORC compliant) for the larger concession is about 80Mt and for the smaller concession about 10Mt. However, these estimates are not based on systematic exploration. The local company is in the process of launching an exploration programme in order to establish a JORC-compliant reserve." Updates on these investments have been lacking since investment last May, surely overdue
Schroder looks like mkt has wind of your news
try buying a more realistic value imho 20p+
and still no buy quote market ahead of the game
in alluvial gold play. See RNS from 29th May 14. Seeking to target 25-60kg. Phase 1 = 25kg per month. News is long overdue on progress. Highly speculative. DYOR. MC only £0.5m'ish
and clearly going high major assets and cash not factored in, rerating on news IMHO
50k buy went through,.,,,, clearly you could buy tdw have no shares at 3.25p now
no1 today i reckon
Market knows something for sure -))
action early i expect good buying yesterday on both markets,all buys on the ISDX being hidden away and only 2 sells on the LSE,expect a surge with news due and cash at multiples of current mkt cap and 3 major assets not even factored in.
Why as the other poster got my post removed that showed that you could buy 150k shares at the moment he said you couldn't buy any. MMO is highly illiquid and the limits can go from 150k to zero v quickly - people also pay over and sell under due to the poor liquidity - it's also a reason the share is so volatile and susceptible to big swings. It's easy to trade in small amounts and looks like our regular friend simply buys sub 3p and then sells as soon as the price surges to 4.... Now that doesn't mean that there won't be some news or an RNs and yes I've read all the news and I know it's trading at a discount to its assets - however someone is simply exploiting the lack of liquidity to make money ... I see it's back to 3p offered....I can buy tomorrow at 3p and wait and at some point I'll be able to sell for 3.5 to 4.5 p for a quick profit....and then it falls back again and rinse and repeat....that's the way it trades and not anything to do with the assets...which may well turn out to be well worth the wait but as of yet the co has not given out any update for a v long time....let's hope it's a good one.
Risible
You have passed issues here I understand, probably lost a bit? Am I right? Am I right? :-) Good night, see u in the morning?
You have some issues I understand. The seller is not one person you I diot!!! How much have u lost recently? Please don't jump! :-)