Member Info for DanBrown83

agreed
i will take some profit out and leave some to freefloat for the longer term
its always easy to sit back and relax after a day like today
£2 probably go in next 30 minutes

tbh - i bought in today after reading that RNS this morning
I was in on the previous rise and made a profit, luckily wasn't holding too many when the carp hit the fan
today is a gamechanger but m still a little wary and i think some like me will remember the big fall losing 60%+ in one day and be a little hesitant
i think i was a little too quick by saying £1bn MCAP earlier but still this news will be worth many many multiples of where we are here, i feel £4 per share is probably a good consolidation point at this early stage

i think £2+ this week is realistic
i can see higher in the coming weeks, long term hold from here

LONG LONG TERM potentially
105million confirmed + upgrade potential
Love to see a rough feasibility study from a professional in Oil&Gas on this

Looks a good RNS, don't get too carried away though as development, subject to funding is 5 years away
very very early here to talk about a huge rerate
if all comes good though, 5 years time with right funding i can see close to a £1bn MCAP

thats basically what the partnership has now, funding the current wells with 100% of profit repaying loans, with any profit after interest been at the backend (hence ADME not received any monies from current operations) and why the 2020 uplift is important as it is the first time there will be cash going into ADME's bank to meet the administration costs.

https://www.lse.co.uk/rns/MXO/mx-oil-plc-further-re-updated-competent-persons-report-ku9wabm4ye61b85.html

Just MM's playing at minute

Low volume can do this, drop to 18p on minimal amounts, raise to 24p on minimal amounts too

whats the profit margin here?
reading the RNS, i assume the forecasted sales will bring it to cash positive by 2020?

Never RNS'd the AGM, sure i looked originally few weeks ago on website and wasn't there but a circular is now there
The BOD have the ability to borrow up to £1.5m without shareholder approval, which is basically its market cap, the interesting point here is about 30% of the vote was against - which i assume can only be one of the major investors (LIND or DARIUS)
considering they are looking for finance, but we know at least one of the existing shareholders didn't agree to lend more, (hence the suspension) - it opens the way for a new investor to come on board (if they can find one)
still not had any drilling in 18 months, cash constraints and legally don't own Picachos and are behind in the structured payments, (unknown if any new agreements are in negotiation) - there is little left to save here

This was one of my main rationale, its going to take time for Sheikh to move forward (if at all) with ADME
if your in Shares long enough, we know AIM is primarily on short term news
Jesus, i make dividend dates just so i can buy 2 weeks before prior to the rise (most people try and buy the day but then it falls next day post divi date)

Buying now, you risk watching a slow slide until news / seeing a big hit if news is bad but alternatively see a decent profit if news is good
Buying later after news, you risk paying the premium if its good news

its a difficult call in regards to your strategy

unfortunately the delay is likely to keep us at this distressed level for another 12-18 months
we will get minor updates and there's always the possibility of another delay
this is one of them, if your prepared to wait 3+ years, it will likely come very good, but short term the best would be a mini recovery back to the mid 1s

i will wait on the AJE update or any other project
im not one for gambling on what / if the sheikh does something
i will run through my own calcs when hard details are provided, judge with current Market cap and potential for dilution and make a decision to invest or not.
I have openly said, AJE is not worth it under current production or plan and there are no other major investments within the business
I am a numbers guy and ADME has no other material worth other than what i can assign value to the small interest in AJE

I'm not quiet, im still posting
I think there will be an RNS today / tomorrow regarding Stefan Oliver selling more yesterday
it's moving on minimal volume and a large spread at minute (23 to buy / 21.75 to sell) by looks of it

Potentially a trade that will be reported in the system
A lot of the time too, on smaller trades too the market increase the margin to make it worth while
bit like getting a bulk buy discount or a multi buy etc

I can guarantee that is not me at all

theres a few double trades (buys / sells of equal number of shares) so clearly some bought on the hype and sold at a loss
thats the problem of jumping in on no news on a 40% rise - lose a few hundred quid or more in 20 minutes

could be a number of reasons he is selling
personally - if i held shares and was virtually sacked from that company i would sell asap
it maybe that he has only held paper certificates and had to get them transferred into a Share Dealing Account

100,000 shares sold in round numbers in that 20 minute period (possibly Stefan)
looks to have stopped and SP settled just over 21p