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How does the company owe tax if it does not make any money.it must be making money the board must be milking the company.
100% agee. Just got to keep our fingers crossed that bit longer until the news does come. Big risk, big reward.
I agree, i meant the volume/ money spent on either big buys or sells, that will tell us something - before the rns comes out. If high volume and lots of big buys then i think its deal done. If low volume and big sells, then thats the ones in the know getting out before the rns . Either way, the volume, level 2 and spread will give us a good indicator over the next few days. But who knows, RNS could be 7am tommorow.... If positive i think we could see 1p quite easily, AGR made their offer at 1.64p. Hoping we hit the oil price bottom quite soon, it always gets over done like in 2009 to $25, but very quickly bounced to $125 - the great thing is, if we can get the new banking facility it will based on today low $40-50 valuation, so once the oil market rises to over $100 a barrel again, with the AGR funding, and increasing our bopd via development wells, we will be looking quite good... Could be 3-5p range in 18 months.
If this goes tits up, there will be no time to get out.
I think the key is if there are a quantity of big buys, the minute that happens im gonna put another Grand in. If that dont happen im gonna sit on my Hands
The tax payment is due.... Surely we will know before then if they have struck a deal and can make the payment. I expect monday - thursday trading to be extremley exciting and volitile - again watching the volume and level 2 for any suspect signs that a deal has been struck, follow the money for confirmation either way
The Company should step up now and make some sort of clarity statement. An update is needed for the shareholders. This week will be an interesting one. GLA.
Anyones guess. Its 50/50
Any good hear or going to go pop. Cheap share
Due to the sensitive nature, he couldnt discuss anything specific with me, other than to say discussions are ongoing and they are hopeful of a deal to avoid administration. So i am none the wiser really.
Some funny low value trades at the end of the day. Not sure we'll get an RNS on Monday as I expected much more volume late afternoon. The fat lady hasn't sung yet!
Great rise
Those three auto trades were all at the same time and add up to 1 million. Just a MM filling an order for a mill, probably ivor's? haha
If we don't get any news i think that is a good sign we might just get finance sorted !! GLA
that sounds nice cheers lads, now ive got a dilema, stay as i am or go for another million shares.hmmm
fingers crossed hopefully back to 1p + pretty dam sharpish , then see were it settles WE CAN ONLY DREAM AT THE MO GLA
Agreed - it was trading in the 0.5-0.6 range recently, until this last fall, so I would expect it back there.. and with debt restructured, oil price rising, and new investment, could go up from there? Depends if the bank agrees.... ATB.
I reckon there must be a chance of an immediate 150%, to get the MK to £10 Mill. Then possibly double again within a week or two to £20 Mill. Then hang round there for a while before further progress to £50 Mill Who knows?
what does everyone rekon this will go upto if its good news.?
You don't want to be out of this Share over the weekend. Next week is early March. Its either WIN or LOSE. I am pretty sure this SP will start to build up today in anticipation of the inevitable RNS. Regarding a material amount that is due today the 25 February 2015 to the Kazakh tax authorities and payable by early March 2015. Source: Thu, 19th Feb 2015 12:18 RNS Number : 3666F Max Petroleum PLC 19 February 2015 The Directors of Max Petroleum currently believe that there is a reasonable prospect that ongoing discussions could result in a sufficient refinancing of the Company and, on that basis, have not put the Company into administration. However, in light of upcoming creditor payments, including a material amount that becomes due on 25 February 2015 to the Kazakh tax authorities and payable by early March 2015, there is only a short period remaining to achieve such a refinancing and if current efforts are unsuccessful then the consequences will be negative for all stakeholders in the Company. GLA and enjoy your WEEKEND.
Lets just hope there not trying to nick everything out the office before they drop some bad news :)
Monday perhaps? Surely there can't be long now before we find out the fate of Max???
I wouldn't have thought so, but quite easy to give your mate the nod I suspect. Hope there isn't an RNS tomorrow as Friday is seen as the day to release bad news!
You learn something every day thks for the info !! i guess they are not allowed to read the rns or do they ?
mm? market maker?