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Blue and red days happen, News is the driver, I have zero financial gain either way, I said at start pump and retrace, it was 33% up and finished 8% up, that’s some fall from days high, 2 big buys yesterday by looks of it
Another 19M batch from that afternoon batch just appeared.
Nice blue finish. Yes... Someone really well and truly outed. What do you think DB?
I also think the sheikh will lend the funds to mxo to lend out to the other partners at a higher rate, like you say
Rise and Fall. Think someone was well and truly outed today...
If the Sheikh is pushing this, if i was an MXO holder, i would ideally be looking for the funding to come from Sheikh related Investors into MXO as a Loan, to then forward loan to the AJE Partnership at a premium but overall is less costly than the current finance available to the partnership
At the same time, MXO could take security over the Assets and Field
my assumption would be that the price rose way too high on previously known information been confirmed which when was digested correctly resulted in a retrace
there may have been a lot of people buying this morning on the back of some of the comments this morning, possibly people expecting this to go above 0.4p in the near term and make a quick profit, but now sit in the red
people should always do there research into fundamentals and think carefully of what an RNS states and make there own decision based on the facts that are presented and not a load of ramptastic views which are very common on this board
Gilo, are you alluding to what I think you are alluding too?
Yes but someone loaded up with 36million shares wondering who!!
someone made a killing on this mornings rise on what was a non news RNS...may get the earlier sellers coming back later
Good stuff should be an interesting read!
Just to add, I've just remembered that Panoro Energy's AGM is tomorrow. So anything Panoro Energy announce publicly and officially in the future about the Aje field will also be informative to know about.
I think the AJE one is the major current one as its well due now the updated CPR Report has been concluded and this step has a major impact on the company - the rest you mention may or may not happen with MXO albeit the Sheikh will be doing it in his day to day routine for all his investments - likely any news on what the sheikh brings will come later down the line than the next AJE update
Oh and looking at pre and current producing opportunities. Possible tie ups with international oil companies and courting heads of state etc. So whilst I agree Dan about AJE, it’s not the only influence. Far from it.
Also mxo funding through the sheikh and institutional investors
Agree he will be pushing for oml113 development
Agree Dan. (God did I just write that?). EER...
The main newsflow will surely come from the AJE Partnership in progressing the next stage of the Development
thats the only really relevant influence on the market that has tangible value
I'm pretty sure that the new company registered as ADM Energy won't become the one we own. They need to change the name of MX Oil Plc to ADM Energy Ltd. We're going to have the existing company given a new name. So your second guess was spot on - a new company gets registered to bag the name, and ADM Energy will be renamed to something else (to free up the name) very shortly before MX Oil Plc takes the name of ADM Energy.
You'll have noticed that Shaun is also the new company secretary of MX Oil.
Good points GT 6546.
I have been keeping an eye out on Companies House regarding both MXO and ADM Energy and will receive an alert if any changes occur. ADM has been set up with just one Director, Shaun Zulafqar. The current Directors of MXO no doubt automatically become Directors of ADM due to the name change and it will be interesting to see whether Shaun Zulafqar is the Shaikh's appointed Director or he simply set up ADM prior to the Shaikh's interest becoming public to safeguard the name and stop some clever dick doing so once the proposed name change became public. ( must admit, it crossed my mind ).
ROF.
Trades of 6m from the 3rd of may showing up
Also an eye on EER...
32.5M batch or trades just showed up. Cannot elaborate as on phone.
GT,
Just keep a wary eye on:
Superdielectrics Ltd
Naturi Vita Ltd
SKO Holdings London Ltd
Lesoza Enterprises Ltd
Pello Holdings Ltd
Cornhill FX Holdings Ltd
... and anything with Andrew Frangos associated with.