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This has all the ingredients for a tight squeeze here.
I have taken my profits from my purchases earlier in the week
Have a good weekend
L
HMI looks like it could have a SENX type bounce
2.3p to 2.5p now
What a nice Friday ,I am looking at HMII as it's fallen a long way too
Marathon Petroleum became the largest petroleum refinery operator in the United States, with 16 refineries and over 3 million barrels calendar per day of refining capacity.
Marathon Petroleum ranked No. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
My purchases at 1.7p and above are looking good
"CEO of Marathon Oil" - possibly a good shout.
Probably why the current BOD are busy buying shares and increasing their percentage. So they don't get voted off and loose their cushy salary.
Someone has taken 8%?
RNS on holdings, could they be CEO of Marathon Oil ? Or is that just wishful thinking
I was thinking the same, he could have used that holding to force a EGM and oust the boss, the savings alone on removing him would be massive, it's mental a company with such a low valuation has a boss paying himself so much money especially when it's a quoted stock
I think Laura is using the Ria school of ramping, just posting nonsense that is never backed up with substance, the last set of results were a car crash and the mm who picked up the 12 mil at 1.1p has made a fortune knocking them all out for at least 50% before printing the trade
Cheap -
Based on what Lov ?
A successful multi millionaire businessman (who is more successful than you ) sells out 12million shares at 1.1p.
Well clearly he thinks they are cheap then ! Lol
I think I would trust his judgement better than yours!
He is likely closer to the business and has more knowledge, but hey how ramp away Lov
Buyers are seeing how cheap
Well Laura I can buy at 2p, no problem.
However I don't want to buy because-
As an Investment purchase my problem with the company is at the current cash burn they will be out of cash in circa 6 months , and then what ?
A quick trade to make some cash off the back of "bringing suckers in" raise the SP then sell out ! NAh not my style, but hey you go ahead Laura. Keep ramping and trying to pull in the punters you can sell out for a nice profit. Ramp away Lov.
Whoever took them made A nice quick £65-80k off that trade already, selling most at 1.7-1.8.
One man’s trash…
Cannot buy qt 2p
Could get back to 2.8/3p where it was last week ?
Yes,the 12million trade will be TR1 later tofay
Also CruxAsset Mgmt have INCREASED today
Yep. Exactly 12.1m after that TR1 which is identical to the sale and he was the largest single holder anyway. So the other will be reported shortly.
Looks like Spreadex have increased their stake.
There will be a final TR1 which show shows him going 10.9% to 0 (as today's Tr1 for sneller shows after the 14th he had 12mln left) the kargr print onntje 15th)
Sneller is very rich man if you Google, he won't be impacted
As I have said many times. Who had the several million shares that voted against the board at the AGM?? And why did AF resign at the time also....
Unfortunately it looks like the major holder who could have helped oust the ailing BOD has now sold up.
Hes not gonna write that much off just to spite himself,there are other things going on here.
He obviously has a lot of inside info,there has to be a wider plan.
No one throws nearly a mill quid or dollars away.
It can't rain all the time.
So would have been alot more possibly over £2.5 mil sold for 133k must be fuming
Try again… Consolidation