Congratulations guys...if that is the right word...more relief,I would think...Its been a long and soory saga ,and recent A&M activity in the space has demonstrated the complete incompetence of all managements... I will be looking in with interest to see what MMX2 has to offer...I hope it is crypto based.. Good luck all
Farewell and my best wishes to you all.21 Jul 2021 16:56
I am finally sold up on MMX after nine long years .I decided to sell after the last RNS...nothing wrong with it ,other than a sense that there will be a delay beyond the 7th August and that as a result a payout will probably not happen until December... I have been ,in the past years investing heavily in Bitcoin and Ethereum,ironically as a result of the .Luxe wallet .I see a once in a lifeline opportunity in the crypto arena ,as opposed to a 20% upside here and an unknown entity looking into the future. I've concluded that it's actually good for me on a personal level to leave this company behind...As for most of you ,it has been stressful and a total waste of resources,still I consider myself fortunate not to have been wiped out by an endless succession of fantasists ,incompetents and fraudsters... I believe that you will conclude your sale ,and with the help of SjL make something of MMX2 I would like to thank many..Bonum Norrab 2crazy.Huckster Tinklepop BK Dan Mills and too many others to mention. My special thanks to you Silverblade...In the darkest hour ,last year,your company here was not only valuable but something of a therapy to deal with the magnitude of the disaster. Farewell and my very best wishes to you all. Sundaysun.
Nice post Mantasz.Totally agree,this is entirely a different animal to what we had a fee years ago.A major discovery ,an EL license,and funding ..Of course we have been manipulated down to a price that fails to reflect reality.As a derisked investment,I too have added to my holding below the placing price and am confident that we will shortly see a rise back above 5p... I am also not discounting production this year if a farm in can be done with Petro China...atb
Mike Buck engineered doubts in his EL RNS to thus limit any upside ,which would have been in the 12p range...He then remained silent creating further doubt until such time as he could announce the placing at 3.5p...5.4p.was as low as it was going to get without further positive or negative news...At that point he dropped the bomb on us....Cynical manipulation...not withstanding that ,we essentially have all the building blocks in place now...save for a partner on the wider license....Good results achieved in a dirty way...
Indeed two more than reasonable questions. At this point ,any CEO would be doing the PR rounds and banging the MATD drum on having achieved EL and funding ,thus guaranteeing profitability.Its very telling that Mike Buck is not doing so..
I think you sum it up well Silv...If they need to beyond 7th August ,then why not just say so..cant help themselves ,I think.So far so.good and heading towards the final sale in what is a complicated process ,given the partner deals etc.. I'm.not sure we will have a trading update...just a cash balance post completion....atb
Oh no worry there...these people dont throw in their own cash unless they have a guaranteed return...Mr Buck has a well feathered nest at our expense....Wonder if he has he balls to go on the PR rounds ..that's what I'm waiting for...
Excellent post...Yes best move ,is to play them at their own game...below the placing price....average down....You know MB and his mates wont want the SP down at this level...They will want a fast return on their theft.
Mike Buck and his chums screwed us over ,but in the process made the company far more valuable than at any time in its history .A major discovery The license in place and funding ..Any oiler would give it's right arm to have all that in place. The market dosnt reflect reality, as is so often the case in AIM, and PIs are leftwith a nasty taste in the mouth ,however a screaming buy ,if ever I saw one.
Totally agree Mantasz...3.5 p says it all in terms of self interest...however the bigger picture needs to be the focus of our attention...We have what we need now to take this company to profitability, We have ,even after the placing, a low number of shares , We will have all the profits for a cost of $10m (which I would much rather have than giving away half or more of the business for a farm.in. The low placing price is leaving g a bad taste,but this placing seems to be being viewed as a"keep the lights on" with nothing in sight cash grab...Its far from it..It secures the future and in a normal world ,should be seen as a value enhancer... What we do need is for MB to come out of hiding a d do some PR...he really is pixxing me off.on that front.
I really dont think this is bad at all...We will receive 100% of the revenue for a placing of $10m ...The reserves are huge ,with great upside potential...why share it if we dont need to...?.. License and funding now in place with certain profitability now assured...
I'm disappointed with MB 's lack of PR ,post a transformational RNS granting MATD EL..His RNS preentation was lacking and now he follows it up with nothing...He may be exhausted from the process but good PR was required with this major landmark...Really not good enough...
The reporting of trades has nothing to do with MMs..Trades are reported by LSE on what they believe actually happened...sometimes you will see "unknown"reported because they LSE cant make the call on the trade.... Having said that...LSE do a crap job..