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Your opinion is a strong sell ,not sure if you had noticed but the share is suspended .....not trading .if you get any good news please do let us know ,come on here and coat off posters we all have a right to post .i my self have not posted here for some time as it's suspended ,
The question of are you going to make money is like staying with your girlfriend/wife when you know its over ... deep down you know its over but there is still that little light that it could work out ...ive lost money in max but it was a gamble which I have accepted ...but talking about 2p-3p or whatever share price is like talking about if only I had met Miss World ....just a view ...and if I am wrong then congratulations
Do you folks not realize that MXP equity is dead and gone? I'd say sell for a small % of a penny, but you can't even do that now, can you? BP is having issue paying its debt and dividend, MXP's bank accounts have been frozen and it is months behind in paying its vendors (much less its lenders), oil is still in the doldrums, and you guys are still writing about making a profit of of MXP? The only question now is how do they liquidate the company orderly. If a "deal" is done it would be for well under 10% of equity to equity holders. It is over. Many publicly traded oil companies that actually made money are in BK now. MXP is toast.
If we get 1.5p/ 2p/ 3p on retrading im cashing out. Im lucky enough to have bought (hopefully) in the trough so 2p would do me a good profit. I know some of you lads are in it up to your neck so its a case of hanging on for a while just to get your money back let alone make a profit, thats why ive got a strategy of going for the bottom of the barrel (no pun intended) i wont make millions but ill make a bit extra and if i do lose money, its an amount i wont miss. I just wish i had put a few quid into VAL when it was .20
Theres as to be a defining one soon how many more times can they say their positive a deal can be struck. We are currently producing 2900 bopd with others wells to come online with the right resources this should hopefully send max on right path and complete nur1 as well. Roxi have drilled 2 deeps on their acreage and struck both times at 11 million each well is kas just one gaint oil well... To max bod have a word with sinopec drill a fresh hole for 11 mill you don't need 20 mill. It could be cheaper now because of the oil price pick up the phone its good to talk.....
2 to 3p? I like the cut of your gib!
Who knows with mad max! But i must confess to feeling more confident as time goes by... Other companies have had similar wait times to acheive the postive outcome with funding sorted. If it was simply admin i feel they would of wrapped the company up and handed it to the receiver long ago, certainly around 5th March when the tax bill was due. The suspension could even be working in our favour at present, as no one can sell up, the big players already invested will surely be most focused to try and save max and salvage there investment this also goes for the kazak government who get ziltch if max cannot agree a deal. So all will perhaps try that bit harder to strike a deal. We was around 2p in dec 2014, pumping roughly same barrels as we are now (minis the hiccups) same level of debt, etc.... Of course the world oil price dropped the AGR offer was taken off the table and the share price tanked.... Now with the debt on much more favourable terms, new money invested from agr, a new strategy and perhaps finish nur-1 - one could argue max will be in a much better position should a deal be struck, not just better in the fact they survived which is of course good, but in fact worth more than the 2p of dec 2014 when we had the issues, which could soon be ironed out in the new deal... Plus oil has crept back up from sub $40 to circa $70 a barrel , can only help discussions and our balance sheet. 2-3p upon retrading if its a decent deal agreed.
To be honest it may be frustrating, but i think most don't mind the wait as long as the result is positive, if we are waiting 6 months and they turnaround and say lights off quite a few people are going to be quite ****ed off. wheras, if they release an RNS say finance sorted, retunr to trading and 4p, its worth the wait ;-)
Agreed. I'm thinking September now for the "imminent" news!
BZM, Dad always tell me to be patient, not much choice in this case really.
No it was a glitch, it happened to one of my other shares i went to sell and realised it was a glitch on this site.
LSE Glitch everything showed as jumping.
Could something be happening behind the scenes?
Are these trading again????
?????
Its been 0.16 for ages, then jumps a squillion percent to 3.70 and yet the last comments are very negative. Im delighted Ive got over 30% of my money back. Something I never thought possible. Smile.
the ammount of time that passed by coupled with the big buys before suspension had me confident we will get a good result. however the time that has now gone by is probably not such a good sign (im no expert this is my opinion)
MXP is **** and the BoD are ****s.
Getting bit of a joke this not much time left. Whilst in suspended animation i bet their still taking their monthly pay.
I emailed Tom last week to ask the question when we should expect an update as the last RNS stated. I recieved no reply. Anyone else tried to contact them?
Wrong again! Do you long time holders remember a guy 2 years ago ****ging off the BOD generally and Mike Young in particular and raving about Roxi, they were both about 3 to 4p at the time, compare them now. I was in denial then and I'm in denial now! I was exactly the same with Woolworths but what I lost there is chickenfeed compared to Max, I suspect there are a lot of you out there with similar stories to tell. Still hoping for an update later! GLA
Well, I hope so... MAX has been stagnant for too long... put up or shut up please!! GLA.
Think the odds have to be fairly good for a RNS tomorrow. Fingers and toes crossed.
Last update was 1st May so fingers crossed for update/news Mon 1st June, I still think we're waiting on approvals from Kazakh authorities. GLA
Hope your ticker has calmed down now and is ticking away in unison with time, i.e. 60 beats a minute. I wonder how many heart beats will pass before we finally get the yes / no news? Place your bets please.