Member Info for JimPrice

I am also a relatively new comer. Must say i am disappointed with the BoD performance and lack of comms. I can see why the LTHs feel hard done by. The company have to turn it around now and with price at all time lows the risk reward here is compelling. The board will need the price to be above the 1p nominal value if they are to regain investor confidence too. A run to 1.5p+ is realistic and it should come quickly once the market senses production and revenue is actually happening.

40% increase in revenue EBITDA positive Massive reduction in net debt

Latest presentation can be found here:

https://www.aegplc.com/investors/corporate-documents/

Select presentations and it is there dated April 2019

ISA transfer

Just keep all options open mate. We've been here before with our HNW Chinese investors. It's Sheikh Maktoum's fund managers buying not the fella himself. I do hope this buying is indicative of bigger things to come as LTHs really deserve some payback. As for shirt term newbies, you will do well so GL. I'm signing off for now as this board gets swamped by traders who will be gone as quick as they came

We should question where the Chinese enthusiasm has gone? They've stopped buying the stock allowing colossal dilution of their stakes. Stefan's salary is still over £250k per year which is farcical. This is a lifestyle company and will remain that way until something significant changes. Plenty of speculation regarding sheikh Maktoum's intentions which is why we have the sudden interest in MXO shares. If it comes to nothing but an empty ramp there will be plenty getting spiked so do lock in profits folks on the way up. This is a high risk investment for now

Difficult to say at this stage until we have further information. We've been here before however with numerous high net worth Chinese billionaire(s) buying up >50% of the float. Johnny Hon even installed his man, Richard Carter, on the BoD but nothing came of it. Chinese were buying at significant premiums and put in over £11m into the company. Sheikh Maktoum put in c. £500k at a ridiculous discount (0.04p) and took hundreds of millions warrants at that price too. The HNW Chinese were subsequently diluted to oblivion with their £11m+ cash injection now valued around £1m. Fundamentally nothing has changed, the company is losing cash, profitability projected for 2020 which means we will see at least 2/3 raises before then. Sheikh Maktoum fund will do well already x4 up on his investment. I wonder if he will come and go like Johnny Hon did, I'm not holding my breath. Good luck to those in from much higher and of course all the traders who are playing the momentum.

800m warrants issued at 0.04p, wow! It was a lights on raise which the company has evidently struggled to get away

I enquired and was told Michael Rowan will be there himself

https://twitter.com/TMSreach/status/1115521864170975232?s=19

Try LinkedIn mate. That's how I got him

Sure hope so Bill. we need something to shout about, been a long wait

Jose confirmed that there is a pre-close trading update to come in the next few weeks. He hopes it is what the market wants to hear. Perhaps April will be our month.

Someone with a large holding is dumping. Who holds this amount of stock?

I wonder if this is another discounted placing being priced in. 0.41 offered to sell!

7m bought today. Assuming yesterday's 3m is the same entity we could be due another TR1 shortly. Accumulation by stealth. Market will be buying here much higher in the not so distant future imv

Could it be the Chinese dumping?

I spoke to David Facey (FD) this morning following today's news. He came across as very professional and whilst not divulging any price sensitive information he was very much upbeat about the weeks and months ahead. The company is at a point of inflexion and there is lots going on behind the scenes. I must admit, he was very tight lipped and rightfully so but did say they are working on some things and will announce when ready. They have a focus on becoming profitable this and will work hard to deliver that for shareholders this year.

"The move to 365-day operations is a significant step in our drive to increase production volumes and move towards profitability. We look forward to updating the market as further progress is made."

40,000 barrels to Panoro which makes 16406 net to MXO. At a price of $66 that makes £1.08m in revenue which I reckon will be consumed in historical payables for AJE + admin expenses. The company needs to be transparent surrounding what is outstanding to the JV and give a clear guideline to profitability. The market will remain on the fence until it knows that the days of mass scale dilution is over.