Member Info for Ironic

Not sure what today will bring . But £3 million m Cap and big producer a few miles away and our grades meet the grade so I will hold and top up ready for a buy out approach . Very cheap at the moment .

Agreed Degsy but it’s their choice . I won’t post it there but the 800 million warrants are the problem the sheikh needs to sell his shares to exercise the warrants at some point because he will pass 30% if he dosnt sell first . It’s a no win , once he sells panic selling , if he dosnt sell they hang over every one if the SP climbs .

People will always need copper and want silver , a few litres of diesel and they could be on UFOs grounds digging . .

Looks like 8 projects , with the one looking likely to be bought by its neighbours as currently valued at about a hundredth their value . Is any of that about right ?

$50 million for 20% . 20% is a fifth so 5x$50 Million is $250 million . Still reading up on this but looks good .

Billion pound of raw ore for under £5 million m Cap is more relevant because the number of shares could be in the Billions on the markets nowerdays . I still refer to penny shares but even a penny share withenough shares can have a high value .

Infestructure set up and equipment near by . So would suit a neighbour to make a offer .

Note should you deal in SOMTHING you don’t understand . The info is in the RNS if it means nothing to you then don’t play .

Is that how the markets work uKN ? . They rise according to value . Lol . They are random peaks and troughs for the traders in the know . Others just get lucky . Shorters are kept in the loop .

Still a window of oppertunity to top up then . Pay day soon . I will have another top up then . Great company no the usual BOD cash cow being milked dry in ever decreasing circles .consolidate and re dilute etc .

We came to AIM less than a year ago ....now we are making a million a month with extra wells ready to start and gas agreement to start soon . So not AIM this usualy takes decades of dilution and abuse before a hint of income . Lol . You know it’s true .

Not many penny shares making over a million every month . With hugepotential to increase and it has just started up . Why can’t others do that .

Just topped up at justover 12p . Remember the well flowed at 1,100 barrels a day and that was choked back as well . For allwe know this one well may already be able to exceed our M Cap annually in profits . The issue is storage , which is being addressed .

Tomuchshine I was doing the same as you pointing out this has the best up side . Regards looking like a prat . MXO has one huge down side if the plays it !

Yes but is the difference justified .

Hello Marinavil ...you were de ramping MXO over bank holiday ..how wrong you were there . Way up since then . Fool .

So MXO are £17.6 million m Cap for 157 barrels of oil a day .
We are £31 million m Cap for 700 barrels of oil a day , but the well can do over 1,200 barrels a day but the country can’t handle that much .
Plus we have got other producing wells that are improving as well . All our figures are st to increase soon .
Strange market . The only thing MXO has is a Billionaire who holds near 30% what happens if he sells ? .

Starting to look like they want to prove the other well/wells and do a deal to plug into oil pipe line . Don’t forget the one well produces half the country’s oil out put .

Spain risked gas over 2 trillion cubic feet . Rough formulas a trillion cubic feet is worth $3 Billion at well head . So 15% of $6 Billion . But we can increase to 49.9% .. So $3 Billion risked .
Other rough guide a trillion of gas is worth 170,000,000 barrels of oil at $74 a barrel that’s $25 Billion less 50% is $12 Billion risked . So some possible up side here .
Thoughts on those calcs ?

Not even started yet . It is the past that has lead to the huge oppertunity now .