Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I know it was my choice i had no option no point in pulling 300 quid out . But when the company states its signed an agreement with agr passed all resolutions in the agm have funding which was all supposed to be sort by 14/12/14 i just feel abit cheated i would of pulled out many months ago.
There is hope I think - "reasonable chance" of securing the funding, and investment following it... so, let's not commit to write off their chances just yet... hope springs eternal! :) GLA.
It's the merger and acquisition as why they have been selected .
Stifel acts as Sponsor, AIM Nominated Adviser, and corporate broker, advising companies in all areas of their relationship with financial markets: Financing needs, including both equity and debt Mergers and acquisitions, and disposals Market intelligence for senior management and boards Development of the equity investment case Investor targeting and roadshow management Management of the relationship with institutional investors Corporate governance advice
Cheers for that. The Fat Lady is still to sing. Worth hanging on to every shred of hope.
No use in complaining, the directors gave fair warning a few weeks ago that this was a risky investment and declared pretty loud that insolvency was a real concern and threat, your choice to stay at the table.
If its gone its gone but some entity is going to benefit big style on shareholders investment. What a corrupt world we live in and nobody is held accountable i could of run this show better than the ********s that were running it
Doesnt sound like a insolvency specialist which is good news. They seem to specialise in equity raising - which could be good. Certainly not over yet - if it was why suspend the shares, they would of just put it in admin. As tom randall said discussions are ongoing albeit not looking great.
The RNS dated today reads "The Directors of Max Petroleum currently believe that there remains a reasonable prospect that these discussions could result in a sufficient refinancing of the Company and, on that basis, have not yet put the Company into administration." Why does everyone think they gone into administration?
Stifel acquired London-based Oriel Securities in 2014 and has now consolidated all of its London-based businesses under Stifel Nicolaus Europe Limited. Stifel offers institutional investors differentiated, research-driven equity products with a dedication to value and service. Our experienced sales people and traders work closely with Stifel research analysts to provide timely dissemination of information to clients worldwide. We manage public offerings of equity and debt securities, raise debt and equity in the private markets, and initiate, structure, and negotiate mergers, acquisitions, and divestitures. SOURCE: https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=rja&uact=8&ved=0CCwQFjAC&url=http%3A%2F%2Fwww.stifel.com%2FSNEL&ei=bHT0VLqHBKXm7gaP_YDoDw&usg=AFQjCNFTdnami3VFrIWXBdGqIcu1UCqk-Q This is interesting. GLA
clutching at straws logical. This ones a gonna im afraid.....it pretty much says it in the rns. sberbank are not going to keep throwing money at max as it wont come good especially in this climate.
Investment Banking • #1 U.S. equity underwriter for issuers with market caps <$500 million since 2005 • Extensive advisory and capital raising expertise across 15 industry focused groups Research Stifel capital markets headquarters in Baltimore, Maryland • One of the largest providers of U.S. Equity Research with over 1,000 stocks under coverage • 85 senior research analysts • Most #1 awards in 2011 FT / Starmine Survey Institutional Sales & Trading • Senior team leaders with 15+ years of experience • ~200 equity & ~250 fixed income professionals Global Wealth Management • Over $136 billion in assets under management • More than 2,000 Financial Advisors & 300 locations • Over $3 billion in assets at Stifel Bank & Trust
If i understand the news story right one broker has been bought by the other which is why there broker has 'changed'
Change of stock broker is either very good or very bad... as is the general situation. If the stock broker has a history or specialisation of dealing with companies in administration then your about to get boned. If the stock broker doesn't have that then it could be MXP wanting to make a fresh start and your gonna be alright. I'm just passing through. DYOR.
why have max been suspended
Why change nominated broker and advisor at this stage doesn't make sense...?
It won't be Corporation tax it owes. If they haven't been making money then there is no corporation tax to pay. In fact you can carry forward your losses and in effect when you start making profits again you pay no corporation tax until your previous years tax losses have been recouped. That is why some companies by loss making firms to utilize the tax benefits. The taxes they will be owing are VAT and most likely PAYE. Unfortunately if MXP go into administration, inland revenue get first dibs on any funds realized together with the administrators. Even over secured creditors. Non preferential creditors and shareholders are bottom of the pile and almost never get a penny back.
Good luck Coggy and I mean that ...brave enough to put your money in ...So hopefully you get the rewards as what ever is announced its either stellar returns or chip shop papers
On the face of it.. But trying to find a positive in that perhaps it will focus the IIs and the bank into doing a deal, the bank own a stake in max too, with the shares temporary suspended, no one can jump ship and sell out. So maybe its a smart move on max's part, but agree clutching at straws here
Talk about taking it to the wire!
Eh ..let me think ....no money to pay tax liabilities and or any other creditors ...Yip
So would this be considered good news or bad?
My Bank account is always in the red, but I have to pay tax :(
It is very easy for a company to owe tax when it is apparently loss making. Tax accounts are calculated differently to the annual accounts.