Member Info for D14M0ND

Says Sully who said “Looks like this POS toopled down further today. 0.08p soon?”

Lol

Not gone at all - just watching waiting for the SP to keep dropping - but enjoy your 1.96% rise though 🤣

The tweet said

“Personally I would be waiting for the placing especially after yesterday’s news.

Recent #HNR AGM got authority to issue ~29.5m shares. The cashflow will only last to another quarter in my view and only revenue stream delayed a few months.

See a placing at 10-12p soon”

Nothing has changed from the 24th July but posted it on twitter on 21st September as confirmation. Nothing has changed

https://mobile.twitter.com/D14M0ND55/status/1043063470936281088

Only £100k of revenue missed this year in the last 2 months - bank balance dwindling

No point in worrying about next years revenue with the next 6 wells in production as the current bank balance will be completely empty by then.

Weird how with this low price, there is little volume and no one seems to want to buy - may be HopefulDave & Fadec, there is a placing coming but keep talking to your disciples about the revenue the Kansas project will bring in together with an upfront payment to get this project going.

Suspect many long term holders have derisked or completely out waiting for the raise - many quietly did it last time while posting bullish views.

Enjoy your evening all

Morning Photo - hopefully reading my posts gives you the answer - this is a POS which I think you would agree.

So sorry to hear about both your financial problems that you have been trying for fight for years, but more importantly your recent emotional loss. Keep your chin up bud

I always cut & paste and/or put links in to justify my points. Clearly many living on a whim

Now look at the research on MXO issued 3rd July which said

“Financing

MX Oil is seeking to fund its share of the capital expenditure by project financing, which is likely to involve other partners in the Aje field. We have elected to use a figure of 70% financing to be procured in the form of senior debt with the share of equity at 30%. The annual interest figure used in our analysis is 7.5%.”

So all paid for????

http://www.alignresearch.co.uk/wp-content/uploads/2018/07/MX_Oil_Align_Initiation_3_July_2018.pdf

A link would be nice to confirm all partners have paid for the coming drills

If you think a good portion has been paid for, I feel you will have a shock at the next placing to see how much they are short.

The company said in the last set of final results:-

“The Directors have prepared cash flow forecasts through to 30 September 2019 which demonstrate that the Group is able to meet its liabilities as they fall due. In addition, following discussions with individuals within the Nigeria government the Directors are satisfied that it is considered likely that the licence for the Aje oil field will be renewed. On this basis, the Directors have a reasonable expectation that the Group has adequate resources to continue operating for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the Group's financial statements”

So they have done cashflow forecasts to SEPTEMBER 2019, yes 2019 and able to meet its liabilities when they fall due. This was issued in June and liabilities could be met for 15 months but a placing just 4 months later. Not a company I can trust with the blurb they continue to write.

Scully - how much have you allowed for the drilling costs MXO have to contribute to hold onto their 6.67%?

Think you may have missed that point on top of the revenue over the next year will not pay for the administrative costs or the £2.244m payables - use a calculator and stop using your fag packet figures

I would expect the SP to be around 0.06p before the 0.03p placing.

With 2.771m shares in issue, the MCap will be £1.7m. I would then see doubling the shares in issue or near about sand still leaving the MCap around £1.7m.

The SP will probably be twice the placing price as seen in the most recent placing. You say lol, I say lol to that 😃

Thanks langtro

Best be quiet then 😄

Have a good evening kenny and all

I’d ignore the history kenny totally different company

Best look at the last set of results
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=LVCG&ArticleCode=d4rs9lyc&ArticleHeadline=Halfyear_Report

What is this board used for? - think I only posted here once or twice - do not wish to misuse the original idea.

Was less before as they had a placing to buy a profit enhancing Bright Bricks

Just starting just after the placing - bet tomorrow night it will be a higher percentage and will continue - no point buying when it is 100% - missed most of the rise in my opinion - having said that, I do not look generally at barchart

Is that good 🤣

Reminds you of your youth though, doesn’t it kenny 🤣

Do you remember building a house with 4 windows and a door - now building a full size elephant or a full size Bugatti - very educational company for the children trying to stop animals being extinct - in Asia and just about to hit the USA next year big style

Hopefully JW has the same effect on LVCG as he helped PRD - now that would be good

Yes I can’t argue with that Troajan - but he also talks some carp in my view though - just my view

I laugh at him though rather than with him but I am a sad old git

Yes bud - @ 56.75p

Justin Waite a recent fan and started pushing it - see if some of his followers invest

Less than a year old and making a profit in the first 6 months and in multiple continents - this will be big and will go against any recession if it continues in my view. Franchise model that is expanding exceptionally well.

Nice to see my major investment hopefully ready to do well and see £1 coming in the short term - closed at 68p Friday.

Not a fan of Mr Waite but if he helps my portfolio, I cannot complain. The charts look good and looking ready for rise.

Free float only around 20% so a good push and any further news, this could be good. Anyone in?