The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
interesting, quite a difference in what Shareprice and google show to ISDX, 4 buys at 9.87/.88 but not reflected...
topped up £2k for just over 20k shares this morning at 10.30 for 9.87p, volume increase shown on shareprice and google finance but neither showing price as still @ 9.75p....hmmmm twice lately I've had buys not reported in current sp...
worth much more than that buddy ! & not so high risk....
was at 18p ! and original once at 90p !! they know what they've got as do Total ! seems the main issue has been transportation and who to sell the heavy oil to for refining or direct use... MOIL still have decent cash float at the moment but need to start selling this oil now, next months update is critical in moving forward...
taking a long time coming but finally providing some stability and solidarity hopefully ! Wouldnt necessarily expect those time frames below to stay set in stone though..
Hi Buddy ! Yup, I think we've finally seen the bottom here ! The shorters will have to close up pretty soon with the expected news coming next month and already 1000bopd flowing. CPR and flow rates to come in just a few weeks, 10% free float max...10-20x bagger quite poss from these levels...
rumours are just that....rumours...sometimes created, cometimes genuine...
@9.01p...rude not too....news next month...
definately ! but gone already...10p was expected to be roughly the floor on this one so was slightly surprised to see 9.4 first thing this morning...9.5p was a good opp to buy in, top up/avg down yesterday...glad I stayed in CICC instead instead of moving some over here,,50% up today in CICC :-)
so why did they never inform the market of this if it has been the case since start of the year?, has this been constant? and what have the done with it ? sold to be refined ? etc....many missing answers...thins company really needs to drastically improve comunication with shareholders...
Madagascar Oil (AIM: MOIL) today announces the resignation of Paul Ellis as Chief Executive Officer (CEO) of the Company. Mr. Ellis stepped up from the position of Non-executive Director in December 2012 to help guide the Company though a transitional period. During that period the Company completed a significant financing and made a number of key management appointments including COO and Country Manager, Stewart Ahmed and CFO, Gordon Stein. Mr. Ellis and the Company have decided that now is an appropriate time for the Company to seek new leadership, to take the Company to the next stage of development, where the focus will be on operating the Steam Flood Pilot and preparation of a Feasibility Study in order to demonstrate commercialisation of the project. Mr. Ellis has therefore formally tendered his resignation as CEO, will step down from that role immediately, and will now begin serving the six month notice period of his Service Agreement. Mr. Ellis remains a Director of the Company. The Board will immediately begin its search for a new CEO and will update the market as and when appropriate. Andrew Morris, Chairman, commented: "I would like to express my gratitude to Paul, who stepped up to the CEO position at a difficult time for the business and was instrumental in the Company's turnaround project and refinancing. We are fortunate to continue to have his skills and experience available to us as we move into the next phase of Madagascar Oil's development, and as the Board looks for a new CEO."
June was certainly a month to forget as far as bulls of Madagascar Oil were concerned, unless you like seeing how a stock delivers a painful rug pulling event. In fact, the stock failed at former February support in the 18p zone on the way down, filled a gap from February and peaked out well below the 200 day moving average then falling at 19p. So at the time it was essentially doomed from a technical perspective. However, after dropping nearly 50% in a month it may be that Madagascar is now in as healthy as position in mid July as it was sick looking at the start of June. This is said for three main reasons. The first is substantial bullish divergence in the RSI window between the lower July price lows under 10p versus the 12p zone support of April. The second is the way that the stock looks to have bounced off the floor of a falling price channel from December towards 9.5p and third, the recovery of the former June floor at 10.5p. The implication is that as little as an end of day close back above 10.5p should be enough to suggest this stock is heading back to the 50 day moving average zone of 13.6p as a one month target, and back to the late 2012 price channel top of 16p on a 2-3 month timeframe. Zak Mir is the Editor of Spreadbet Magazine
thanks for the clarification, i did notice the charts did pretty much the same for the last divi but did rise up, hoping this is a good price to be in at today..
but should the SP of dropped by the same amount? dvivi's dont usually..
The European Parliament has narrowly passed reforms to the EU carbon market. Amended changes agreed by the environment committee last month were passed with 344 in favour and 311 against. The changes include a condition that the intervention will be a one-time event and a reduction in the number of withheld credits to 900m from the initial suggestion of 940m. It is hoped that holding back the allowances, known as ‘backloading’, will limit supply and lift the price toward a level that might stimulate CO2 reductions.
Thanks BR, thought so, just checking twitter and found this posted 25mins ago: #EU carbon market climbing, up more than 8 percent, after parliament backs backloading
is this down to a combination of the divi & the EU vote today on carbon trading program or just the EU vote or something else? looks overdone to me...
Madagascar Oil (MOIL) has today confirmed a raft of board changes. We kind of knew these were happening anyway – it was part of the deal for the semi-emergency refinancing agreed earlier this year. Will that be enough to amend the 18 month downtrend in the shares which closed today up 10% at 10.5p valuing the company at £61 million? Certainly investors might feel they need a break or two having suffered an appalling 2012 with missed development targets meeting chronic overspend to deliver an annus horribilis. On the plus tack, Madagascar has had a great deal of support from institutions like Benchmark, Persistency, Outrider and The John Paul Dejoria Family from day one (pre-listing). The company has real assets – relatively low risk heavy oil onshore development projects, notably in the Tsimiroro field. If it can make it through to production it could well fit in as part of a blended portfolio of mid cap producers. Note, I used the word IF. The new management has reviewed the pilot scheme (25 well steamflood program) and now aims to build on that as a platform to deliver a full evaluation of Tsimiroro with the $78 million it raised in February 2013. The pilot scheme will deliver near term cashflows which should partly fund the full development if the maths stack up. Operating in the current “hot region” of East Africa the P50 resource is estimated to have a value of c$1 billion based on 1.7 billion barrels – the company aims to be producing at tens of thousands of barrels per day within a few years.. That is the upside. It is all down to whether this time around the company can deliver. To me it looks like an attractive risk reward play. Now it is all down to delivery…I am watching carefully. To read why Zak Mir reckons that the stock is heading to 30p click here Doc Holiday is a seeker of value among small caps. You can follow him on twitter at https://*************************** or see more of his work on his own blog at ******************.blogspot.com/
take it that it was a 1000:1 share consolidation at 0.95?