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haha, bit late now to start with the doubting Thomas's. :)
The clocks ticking
tells me im not lucky enough for some thing like this to come good. lets see one way or another we will know soon enough
Cutting it fine aren't they?
Retrading or delist tommorow.
"I just hope MXP took advantage of the LOW oil prices, as it is to MXP advantage if a deal was done at those historic low prices, because the burden would be significantly reduced..." So would the shareholder equity unfortunately. Your stock is burnt toast mate. The company is completely insolvent and the remaining assets are tied up in a Kazakhstan bankruptcy court trying to fend off vendor claims. The bad news will hit any day now, complete wipe-out coming via massive dilution or administration. I wish it were not so, but it is so. This blanket denial is going to eat you chaps up. You lads should prepare yourselves for the swordsman's final cut. It is coming. Soon.
I just hope MXP took advantage of the LOW oil prices, as it is to MXP advantage if a deal was done at those historic low prices, because the burden would be significantly reduced as oil prices recover though I am pretty sure there will be a clause to take into account any material oil price rises. GLA and Stay Blessed.
Yeah, i dont give a funk how much it costs to fill my truck up, just keep the prices going up
Hoping this trend continues. GLA and Stay Blessed.
First thing ,with no dilution just deluded oils ! LOL -spunk dunk funk clunk -vorsprung Durch TECHNIK
We've waited long enough, lets hope we get a red dot tomorow night
Good luck COGGY and IVOR and any one else who is holding MXP this could be a big week for us .
and worrying at the same time, just how quickly time is passing these days. Need to book more holidays, get them in whilst still mobile haha
an interesting week...and if it isnt an interesting week, the situation is gonna get interesting :)
I did say there would be a larger share capital due to the dilution. But if the deal is good I stil lexpect the share price to increase hence we make money. Hey its just an opinion and scenerio, none of us really know whats going to happen for sure, yourself included .... eg you was 100% certain of admin not too long ago.. Correct? now your saying its going to be a big dilution, so this proves we can and will all be wrong here, but we cant buy or sell so have to wait and see. I could easily be wrong, we could get the deal and start trading and then tank - we dont know with mad max.
And big dividend to thank share holders for being so loyal and not selling !
"The above is best case scenerio .[sic]" No, it is not. It is not even a remote possibility. You are suggesting that the AGR "working capital" deal would mean an increase in shareholder value that is by itself above and beyond the 65% dilution. No way. That is ridiculous. The AGR deal simply allows MXP the possibility of living to see refinancing, which will mean massive additional dilution. The current share float is gone my friend. This was all explained in the various RNS releases. Why do you think, in this sea of depressed oil prices and tax liens, that MXP successfully refinancing its debt would increase the current equity value per current outstanding diluted share? Without taking future dilution into consideration, do you realize how outrageous that sounds?
This share could be a 5 bagger upon re-trading, as to start trading again they will need to have secured funding, sorted the debt with sberbank and the tax with the government. Should the terms be favourable and a solid deal accompanies the retrading i do think a good bounce is likely, we were 2p and offered 1.64 at xmas with roughly the same debt and bopd (minis the 1 well) so one could argue we are worth that again albeit with a bigger share capital, to balance and ofset this we would now have a strategy going forward and funding to do it, along with better interest rates on the debt, if they slip and talk in the rns about finishing Nur-1 we could see 2p easily, i mean surely AGR must want to take a punt on a well that is 90% done and would cost circa 20m to complete going after 500m barrels, that would be the jackpot game changer. Max has spent a fortune (35m) on sesmic data and 42m drilling surely they must be quietly confident something is down there. As always with mad max - expect delisting on tuesday though. The above is best case scenerio .
see what happens if we dont get a red dot tuesday night/weds morning, its probably gonna get even more interesting
Is that it is opposite of dilution -accretion I believe ,
Thank you for the information logical2010. I honestly did not know that the AIM would allow a completely insolvent and bankrupt company complete with outstanding tax liens to trade on its exchange. That is really quite disgraceful if you think about it. Not a great advertisement for the AIM by any means. Does anybody know who the next MXP victim bank will be? Surely the MXP band of snake-oil salesmen have set up shop in the next town by now and targeted another lender with pretty Powerpoint presentations showing "giant underwater coral reef atoll formations that resemble carbonate buildups [or they could just be shadows]." They are about to try to clip Sberbank for half or so of the $80 million principal that they borrowed. I wonder if another large bank will be dumb enough to make the same mistake. If so, the future dilution should put the share count well into the trillions.
Is the big day ,reward or regret .....there's no regrets
Only got a few grand in here since about 2011...but be nice to have a fighting chance!
Yes you can trade whilst in a cva or kazak rehab as they call it. If they dont sort the funding by 2nd sept we have to delist as per aim rule 41. Who knows with max, but if they do sort funding and banking facilities by tuesday there is no reason why they cannot start trading again. We saw what happened when daniel stuart started retrading - 800% increase in one day. You never know. But more than likely my feeling is they wont get it done in time, either through choice or because they are incompetent .
I'm not having a go at you but I believe SpunkfunkdunkTechniq knows a Scot to. Goes by the name of Scot of the Arse Antics. I guess you're safe, as you have two "t's" in your name :)