Member Info for DanBrown83

Thats the best way to make money on AIM

jesus - all i'm saying is the RNS is very badly worded and very misleading, to the detriment of the companys value
it actually makes MXO more attractive than what the RNS States
still dont think it makes a £20m valuation but i am certainly of the opinion that if the CAPEX and finance is reasonable its a lot higher than £1.5m, but this is all on getting well above net 150bopd
i did say a few weeks ago i'm more interested in seeing the forward plans for the field development

Figures differ - strange considering same field
We dont have an actual breakdown of classification of reserves, whether Panoro includes Gas and MXO doesn't etc
but in theory you could add circa 40% to revenues
the MXO RNS today is completely misleading to investors and written poorly and makes no factual sense - look forward to seeing a proper CPR update in a clear understandable format

That RNS today is terribly written and totally misleading
it virtually says that the 5% lifted MXO was 1m barrells
so based on this CPR report, i assume we will be due an update on the plan to increase the field moving forward (150bopd) still isn't commercially viable
4.73mmboe at $35 Gross Profit to MXO is $165m (£125m Net Revenues to MXO)
MXO still need to pay there expenses (£1.3m a Year) based on the stipulated 66% reduction
Im going to base this over a 19 year life (to complete field within licence)
We need to factor in the additional cost to get the field from 3,150bopd to 8/12/20k in the future and the cost of this, but i admit, its certainly better than the RNS states

£100m over 20 years less the new CAPEX costs to bring site into full operation - there should be a few million profit in a few years time for a sustained 14 year period

I said fundamentally day one that AJE was not worth it
I think most people with a decent spreadsheet can now work out why it was valued at £1.5m a month ago
This RNS just tells a smart investor that the 'potential of Sheikh' is now valued at circa £18m
Sentiment drove this too high
Reality will pull this back
If your going long your investing on the hope that the Sheikh has a master plan (which he might) - this ultimately will take time to sort

And thats Turnover only

working on $35 as rough current Gross Profit from the AJE Partnership, thats $8.2m to MXO over circa 4 years at current production (£6.25m)
less MXO expenses with a 66% reduction at £1.3m a year (£5.2m over 4 Years)
Net Profit to shareholders is circa £1m to MXO over 4 Years

AJE field does not deem this Market CAP and this is the primary investment of MXO

Bulk are sells judging at times and SP,

you won't get a speeding ticket here - they have provided a full update and placing today

i agree with fairview, as i have stated
i wait and wonder what happens with Sjeikh and the future with interest
Short Term, this has worked out well for holders and rampers alike, Long Term will depend on what the Sheikh brings to the table
This was less than £2m Market Cap a month ago but is now £22m+, just because of this one Sheikh, no increased trading, just pure speculation and sentiment)
Good Luck

its all true but i ain't too fussed if you believe me or not

suppose i got lucky in my first couple of shares.
My first was AMUR when it got its licence, i was in at 11p, it went to 7p and then to 40p+
i was really a novice back then and that was only a few years ago, im 35with a mortgage to pay and never even looked at shares before, it was only a few grand but it was a lot of money back then, the tip came from a friends dad at the time, i seen it rise to massive heights on the promise of imminent production of the 9nth biggest nickel mine in the world (still not producing) and going to be worth billions, after making some money i had some in Sirius Minerals and AFPO and 88E, AFPO did really well and sold too early but in the ned been safe was by far the best option, the sales via the MOU's never happened and now that has delisted, lots of promises on nothing, 88e flew when i bought, got in after the first RNS, sat on weekend on a £2k profit thinking i have to sell on the monday for the big RNS to be released and made £6k profit in the end, took my capital out and now all i play with is profit, best share i made money on was Asian Growth Properties, got spiked initially, but held for the special dividend and loaded up just before it was release, SP spiked and fell when it was given but made a decent amount, thats now delisted after the chinese owners bought the rest of the company out at 3x what it was trading at
lost money on FRR / MATD and HNR but for the most part im doing fine

sure we have all been excited by our investments, but i have now mellowed and become more realistic,
also, if it looks too good to be true it probably is

This is now like where i am with Herencia
doesn't make sense so seeing what happens
no one can ever convince me a 158bopd company is worth this much
Its as simple as this
so far nothing has changed in the operation and it can't as MXO are a silent small partner in the AJE Partnership - so any new operations are going to need more funding, albeit if the AJE expansion happens this will be via debt in the Partnership
exactly Alexios - i was in ANGS and have traded them a few times, profited twice and lost once, it is very easy to see everyone buying, everyone forecasting big numbers and jumping in, its unrealistic
There is no potential of 1000'sbopd here at this minute, i'm sure the Sheikh has something in mind, im sure hes not going to think he s invested half a million and its now worth £5.5m so hes going to run away from here, we know he has investments in Nigeria Oil Industry already, theres a lot of dots to be joined and i hope they lead somewhere good for all involved but personally can't see it, all i see is a lot of small investors like me jumping in ready to make a Ferrari in profits overnight

sorry if i cost you money, not m intention at all
my view point is the fundamentals don't make this viable, nothing operationally has changed since it was 0.5/0.6 preplacing, so its all hope value on the sheikh investing circa half a million for working capital
i remain skeptical until any real news comes out
One investor and this has added £17.5m on Market Cap in a few weeks, its all on sentiment rather than realism and at some point will be in for a hefty fall and the good people on here ramping will be well gone
we have all seen it happen

just watching and wondering whats driving this - makes no sense at all
fundamentals are out the window
158bopd and now over £20m Market Cap just really dont make sense so theres about £17m worth of hope value in here now

imho - it is

look at an RNS and have up to date information
if your using old information you are going to be stung big time and tbh - to people here you probably look stupid when you are getting simple fundamentals like this wrong

thats ridiculous. £67m Market Cap (undiluted) at 1.5p
for 158bopd - thats 50 / 60 x Net Revenue to MXO

people need to read the RNS's and hold up to date information
why you shouldn't take advice of people on here (that includes me) and DYOR

my figures are fine
4.4bn shares at 0.26 is £11.6m
4.4bn shares at 0.3 is £13.4m

Yours are wrong

Market Cap is actually £11.4m at present