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They may need shares as they get to know when an RNS has been lodged, as it has to be lodged the day before publication at 7am. If it's positive, there may be a scramble for them at this price.
whose mm
Yes a lot of automated trades. Order book has resistance at 0.14p, wouldnt be surprised if the MMs did a tree shake to trigger these stop losses. Why would the MMs need shares? As I cant imagine many long term private investors willing selling at this price, as its so low most of the long termers may as well lose the lot or share the upside if a deal is done. We would be told if IIs were selling there stake, so we know its not them. After yesterdays volume, today is intriguing, wonder what they are up too.
Mainly all automated trades. Bringing it down to trigger stops? MM's need shares? Who knows, hang on to your hats. It could get interesting.
i'm getting abit bored, might actually got o the casino at this rate
still 2 x 1m buys waiting to be filled, perhaps the MMs will send it down slighlty to fill them, then bounce right back up
LOL yeah spot on = Gamblers Anonymous
This is my first punt on shares bought a million shares between monday and yesterday, fingers crossed, either way can afford to lose it but its a safer bet than the casino.
If funding is sorted ( YES A BIG IF ) were do folks see the sp spike going , back to 1p is that possible ( 5 bagger ) ?
Fingers crossed. Do or die situation. Whatever happens is good though I would prefer a Positive RNS but I am also prepared to loose my punt. GLA.
Not liking this spread!
Again, will be watching the volume today as a marker of whats going on behind the scenes, yesterday it was over 90% buys, and some big ones too. Still seeing 2 x 1m buys on the order book also. We all know max is leaky leaky, so the share price will probably move significantly one way or the other before we get the RNS confirmation. GLA
Yes great summary there. I am well aware this is an all or nothing punt which is why I am in. The last rns i felt was quite reasuring that there will be a positive outcome from this. I wish everyone all the best. Fingers crossed for the good news this week!!
Max Petroleum (LON:MXP) has said it believes there is a “reasonable prospect” that ongoing talks with its creditor and an investor could result in a refinancing. As the group’s shares jumped more than 40% the company said discussions were continuing with Sberbank over the restructuring of its debt, and it was also still talking to AGR Energy about a potential equity investment. The company did, however, caution over upcoming creditor payments. The material portion is to the Kazakhstan tax authorities and becomes due on Wednesday February 25 (and payable in early March). In a stock market statement the company said: “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.” Max Petroleum told investors it has still not put the company into administration because it believes there is a reasonable prospect that a refinancing can be agreed. On AIM, Max Petroleum shares gained 0.06p or 46.15% to trade at 0.19p per share.
Hi Higg, Hope you have dyor here my friend, news is imminent here, that could render any investment worthless, on the flip side with a new banking facility at todays low oil prices, funding from AGR, and getting all our discoveries online could see this fly to 1-2p range very quickly... Further down the road if oil prices rebound like they did in 2009 from $30 to $125 max would be looking at 3-5p range imo, as they would still have a banking facility and favourable terms at todays $40-50 range, with increased bopd ... And who knows the new family on board may actually finish the jackpot deep in nur-1 which is about 90% complete and going after 1 billion barrels of oil, tengiz and roxi prove oil is in the area, lots of ifs and buts, but if max can get the banking facility sorted then i feel AGR will follow suit and jump on board, with a new board, fresh ideas and investment options who knows the strategy going forward but it will certainly be an improvement on present... First things first lets get the rns about the banking deal hopefully through, if those buys today meant nothing then i would find it highly unusual in my investing experience. All or nothing guys here, be careful. But optimistic given today i think.
Hi Logical, I have been watching MAX for the past week after a poster on AFR mentioned it. Something was certainly brewing this afternoon which enticed me to have a gamble. I was invested in TRP which didn't turn out very well! Love a gamble though!
Ah, I see. Thanks!
Max never behaves as it should. We found oil several times a couple of years back, the share price went down on almost every occasion! Despite going down today, i am not overly bothered, i am reading between the lines that something positive has been agreed here regarding the debt and agr funding
New to this. Why did the SP decrease with all of those buys??
I think this could move tomorrow. When it does its likely to be fast and furious
Cool
Buy coming
It would seem so, find it hard to believe the volume of buys vs sells today cant mean something has leaked...... RNS to follow
Something positive is brewing!!!!!!!!. YES YES YES GLA
Leaky leaky follow the money.......