bazz6 Aug 2014 19:20
I know what u mean mate......had an ave of 0.40p...i.e 20p after consolidation........so over 50% down......so thought to average down......its HIGH risk....due to not knowing what bod are playing at......but at current price I feel it can be REWARDING especially knowing mmo NAV stands at around £2.3m and m/c of 880k ( just a joke if u ask me )....
My why of looking at this collapse in shareprice is not the CONSOLIDATION factor ) me thinks that was a good move ), rather its this seller who ever he might be, when I last saw shareholders register after consolidation all main holders had same number of shares, either one of main holders hasn't finished selling yet or he hasn't declared it yet....one way or another it would be nice if came and declared...atleast that way there wouldn't be any more speculation or anything........but to be honest I am slightly inclining towards thinking that mmo might be working towards a placing ( remember the max they can raise till june 2015 is £650k ), my guess is this amount might be used towards our next acquisition in OIL and gas sector in NORTH AMERICA ( could be wrong just guess work ).
In this game when one INVESTS one has to also take note of downfalls, disadvantages and what may or may not come in way of bad news etc.......with me atleast I have already registered in my head a placing is on its way ( rather be ahead of the game just in case, this way I won't be disappointed ).....
Having said all this....even though confidence is on the low side.....I am still remaining slightly OPTIMISTIC....and am looking forward to next ACQUISITION update.....just hope its a SPECTECULAR!!!!!!....well I can DREAM cant I....lol......with almost £1m in cash and possible £650k from placing add to this that £500k which could be claimed back ( for a fee of £12.5k )...I say......why NOT live in a dreamland.....
But I must admit....this is not a share I would advise others to BUY blindly they need to do proper research...and know wahts happening behind the company in the back ground.....
I have done lot of digging.....and I have come up with lot of new stuff.....but because there are lots of missing parts in the puzzle,,,,i am staying slient atm......
just as an example....be4 I was in the thinking MR M T Z ( son of billionaire ) was calling the shots here.....but now after considerable research...me thinks.....rather than MR M T Z...its.... Edward Fitzpatrick who is the key player in all this....after MR ZORBAS ofcourse....
one thing I would like to further ADD and that is....most are overlooking NWT COAL...that could be a TRANSFORMATIONAL move in time to come.....NIKETO is no small fish......and they hold 65% of NWT COAL and us the remainder.....
lastly.....I am willing to risk few more dollars if we drop......just to bring my average down....:))..
ADYOR.....:))
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