Member Info for JimPrice

sorry that should read �5m at 1.5p, not punt money by any means

"someone is trying to sell out slowly" - hmmm someone is always buying and selling in this game mate and if you're indicating the Chinese are cutting and running here then, at current volumes, that will take eons mate! There is some rationale behind why investors coughed up �1.5m at 1.5p and we will be last to know as usual. I don't believe they have been 'mugged' by Stefan, they have their own NED installed in Richard Carter, he is there for a purpose and we will know in the fullness of time. In the meantime, zzzzzzz

There has been a major news blackout over the past few months. I would've expected more deals to filter through in H2 and revenue bolstered. The only thing that seems to be going up is the number of blog/website posts. If the tech is as good as they make out then the uptake should be equally as good. A very disgruntled shareholder!

MXO need to address the following to recoup market sentiment and trust: - provide hard figures around flow rates and profitability with regard to AJE - communicate CPR and plans for gas development at OML 113 - be transparent regarding the dispute with JV partners - provide clarity around plans for Grenada/Mexico - clarify cash position and working capital requirements - provide rationale for investing in other companies with limited cash resource. Highly risky move. - improve PR and communication with the investor community in general - demonstrate confidence through BoD buying shares themselves. Until the company does not begin to address these points the SP will likely stagnate and continue to decline.

Stefan is a right idiot. He did not sell that amount in one go. There was speculation over on the MYN board that he has been selling over time. In any case the final threshold was crossed on the 7th which means he missed the rise. What is clear to me is that the MYN overhang was actually the MXO stock and once Stefan had sold completely the SP went nuts. Stefan could've managed this better to secure a better return for the company but his selling maybe a sign the company desperately need cash at this time, remember WC in the interims was negative and that was back in June. It's no wonder the Chinese have stopped buying. Stefan needs to give the market actual figures. What the cash position is like and current flows as well as what AJE brings in for us.

Nope, it was a buy. 1m taken by someone I know.

Very surprised to see no update from MXO as yet. Market napping and he is not interested in waking it up, contempt for shareholders continues.

MXO will RNS imo fashionably late as usual. They always seem to echo Panoro

"In addition, Panoro is pleased to report that continuous efforts to reduce costs at Aje have already resulted in a material decrease in the overall operational expenditures. Other commercial arrangements and adjustments are being implemented and are expected to improve operating margins for the Aje JV Partners. Finally, as previously announced, Panoro remains committed to explore all options to maximise value at Aje, including, but not limited to, a partial or full divestment of its participation in OML 113."

MX get a premium to brent for their oil and now with cuts in OPEX and rise in POO the next lift will be a lot more profitable. As the JV partners have come together info and news will begin to flow. Panoro speak about the big gas development, it's all happening now folks. Tomorrow should see a very quick move up in the share price

Great news folks http://news.cision.com/panoro-energy-asa/r/oml-113-update---agreement-with-aje-jv-partners,c2381999

Stefan loves jumping between projects. He may get better luck in the electric/batteries department. No further news as yet on his diversified investments following the passing of GM resolutions. Let's see if his new project can inject life into the SP. It's like watching paint dry here folks!

Spikey, Stefan just doesn't give a toss to be frank. Since the Chinese got involved, PR and comms disappeared. he doesn't need retail and for some reason they keep supporting him with cash. I am very keen to see will they cough up the funds in the next placement.

There is no update because SO has nothing to update about. They have an ongoing legal case running with Panoro and co which is unlikely to be resolved until well into 2018 IMO. These things often take a lot of time and the arbitration hearing is down for Q1 2018. This will restrict what the JV partners can share. The Chinese TR1s we have been accustomed to have stopped coming in as I'm sure they want to see material progress before committing any further funds. The WC was negative off the latest interims which leads to uncertainty around an imminent cash call. This is all being priced in if not priced in already. It's clear why the market is not interested, the question is how long will the old ship stay down?

and there is another big buy of 400k filled at 5.2p, same price as the last one. I suspect it's the same person/entity, watch for the next, should confirm accumulation.

500k buy just appeared. The time stamp corresponds to the time the price ticked up. I wonder if we this is a one-off buy or someone beginning to build a stake.

I wouldn't worry about the cash position mate. They had �2.8m in the bank end of Q2 and used �900k in H1 which on an annualised basis is �1.8m. This gives us plenty of headroom from here. The result of the POC and other potential game changing deals will arrive well before next cash call is considered in my opinion. The cash raise last year was intended to be the last before the company hits profitability which is/was projected for 2018. Whether they meet this target remains to be seen.

Two BIG positives from yesterday's RNS for shareholders: 1- Goodbye Michael Masterman who no longer has a board position in the newly formed company. One thing he failed on was producing shareholder value. Welcome James Parsons who is the diametric opposite of MM in this regard. 2- JP is an innovative leader who is well connected and highly ambitious. I don't believe he is here for the Italian assets, he had plenty of those with Sound. Steffy who manages SRON PR in her interview with Zak Mir yesterday alluded to a potential asset acquisition in Asia. If there is something brewing behind the scenes one thing we can be assured of is a nice rise of the SP to match as the market witnessed with SOU and, more recently, ECHO.

I think the market was fearful of a placing and now that it's out of the way this share is significantly derisked. We are seeing some nice large buying of late and I suspect at today's measly market cap the valuation is due an imminent correction. Hopefully not too long to wait O patient ones!

Rachel Darcy is the name and it is mentioned in the report