The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
We have been here before many times, what goes up must come down and vice versa, we must just try to ignore the hype in the middle of both. The article mentions 2009, which is apt, as i remember it tanking to circa $40 a barrel on all the bears, only to go on a 12 month bull run and end up at circa $120 a barrel. Just shows never pay to much attention either way, the market will and always has reacted this way. Like a wave since early 19th century. If max can get the deal sorted, which i expect before the 30th sept then who knows, if it coincides with a bull run and we have renegociated our debt based on $40 dollars a barrel we start to look interesting, add in nur-1 90% complete going after half a billion barrels, almost unheard of for a penny share with this market cap.
You have to use the desktop site. All you can see is their posts from last 30 days in the pie chart, it used to be overall so you could see were they had posted since they joined. You can still find this info if you look back their the users posts but this will take some time. According to pie chart a member since 2011 and 100% of posts are mxp for last 30 days, a quick look back and they are all mxp too, depends how far you want to look back, but looks like here is his only domain, which to me would sugguest he is just a average joe investor who lost his shirt on this one share (like us all lol) and not some jet flying investment guru like he tries to portray.
About admin seemed to have ceased? Can only be a good sign?
Whilst 100% might seem far fetched upon retrading - i really dont think it is. Consider 0.16 was/is a severly depressed price anyway - even before the AGR deal is done, in that it tanked to this price after a series of bad updates and not completing the agr deal in dec 2014, but fundamentally we are little different now to when we was trading at 2p with rougy the same debt pile and bopd. The dilution will hit us, but offset that with new funding and strategy and we are certainly worth more than 0.16. If the new strategy mentions anything of completing nur-1 we can expect fireworks here. As a comparsion daniel stuart jumped 800% in one day, based on a bit of investment and retrading so it shows what can happen. Of course this is best case and looking on the brightside scenerio, why would we do anything else, its been essentially written off here so any return is a bonus. Plus not like we can trade or sell up anyway so best looking for the positives, i mean there are certainly enough negatives so why bother when we cant do anything about it.
And your point is? - Never said there would not be dilution, there cannot be investment without it - consider the alternative and I prefer it. You have changed your story now. Though As you was 100% certain of admin not long ago... Are you still so sure? Or can we ask you to admit you might of got it wrong here?
Must be preparing us for admin?
Nothing new. Basically hope to conclude subscription before 30th sept.
No we are not going to be re-listed I'm afraid. OilS informed us mxp is 100% certain to enter admin very shortly. - he even wrote us a few love letters on the subject if you have time to look back. Ignore his warnings at your peril.
AGR subscription approved, I suspect the other details are just formalities as AGR would not be throwing their money and hat in the ring if it was not going through, I expect it to be tied up and trading again before the actual 1st oct deadline. Not to long ago some so called experts were preaching admin, with lovely little stories to back it up. Beware of false prophets/profits lol :) If trading was allowed at this moment - at 0.16p max would be a strong buy for me. Getting all their ducks in order, i look forward to seeing what AGR intend to do in order to get a good return, their forward strategy is key, if there is any mention of finishing the 90% down nur-1 i expect fireworks here from these levels. Remember Daniel stuart no to long ago a 800% bounce in one day, on moderate improvements and retrading. But the devil is in the details so lets see, and i remain cautiously optimistic as max will probably tank on retrading lol. But take away point is we are not dead.... And all to play for here. Going to be an exciting few weeks. Good luck all, and dont forget the whip round and my just giving page for our friend who still needs that new shirt.
I actually will be in attendance unlike your good self, as I have been for several years, it has been well documented on here as I always take notes and post them up here afterwards regarding my thoughts on max. I look forward to hearing your questions, and will certainly include them in my post AGM write up . If anyone is attending and would like to meet up prior, feel free to get in touch. I remember meeting several members from the iii board in 2009 and it was quite insightful
1. You will not actually be in attendance 2. You do not actually have a barrister re mxp 3. You have zero legal claim re mxp 4. They will not have to explain utyas in detail to you or anyone. 5. You wil not administer an uncomfortable interview to the CEO or wordsmith. 6. You will not attempt to convince any secuity regulators to attend, let alone any attend on your say so. 7. There will be no cross examination. Please feel free to let me know if any of the above is proved wrong after the event once your present your case to them.. I suspect you wont even reply to these points afterwards as me and you both know your talking tripe, drop the act, no one cares, you sound and look like an idiot writing this absolute bile plain as day to see its just because your bitter you lost your shirt he and got a bloody nose ... News flash .. Many of us have too mate, but we dont prance around pretending we own jets and drink cristal. Get over the loss, and yourself pal. PS - its wrath and soul, surely such a well educated individual would know this, see this is were the big I AM act falls down. Give it bloody rest you silly bell end.
Our friend will be there minus a shirt. I hope they like him, and let him down gently regarding his helicopters and champagne stories. Its a real shame... No it is. No one should be making bile up on message boards if normal. Perhaps we need be more forgiving to people like him, instead of attacking fragile people . Or perhaps I am getting soft in my old age.
Afternoon Gents, should we start retrading is anyone willing to donate a pound to my just giving page? Lets have a whip round lads and by our old friend a new shirt.
Anyone care give good old tom a kick?
With max ... Retrade or delist! Utter incompetence that they leave it right down to the wire regarding the 6 months suspension, they knew this is march and said a deal had to be done asap! Aim rule 41 can allow an extra 1 month on the suspension during special circumstances, hence 1st october the date they state. Good news that they didnt just delist and put us on the pink sheets. Shows they are at least trying to keep trading. I think its a done deal tbh, as they relisting of the shares goes hand in hand with the agr investment in order to get passed, so confident it will be passed... It could be any day or they might leave it to 1st october. Least we are certainlynot in admin yet - despite what some so called experts think here.
Retrading or delist tommorow.
I did say there would be a larger share capital due to the dilution. But if the deal is good I stil lexpect the share price to increase hence we make money. Hey its just an opinion and scenerio, none of us really know whats going to happen for sure, yourself included .... eg you was 100% certain of admin not too long ago.. Correct? now your saying its going to be a big dilution, so this proves we can and will all be wrong here, but we cant buy or sell so have to wait and see. I could easily be wrong, we could get the deal and start trading and then tank - we dont know with mad max.
This share could be a 5 bagger upon re-trading, as to start trading again they will need to have secured funding, sorted the debt with sberbank and the tax with the government. Should the terms be favourable and a solid deal accompanies the retrading i do think a good bounce is likely, we were 2p and offered 1.64 at xmas with roughly the same debt and bopd (minis the 1 well) so one could argue we are worth that again albeit with a bigger share capital, to balance and ofset this we would now have a strategy going forward and funding to do it, along with better interest rates on the debt, if they slip and talk in the rns about finishing Nur-1 we could see 2p easily, i mean surely AGR must want to take a punt on a well that is 90% done and would cost circa 20m to complete going after 500m barrels, that would be the jackpot game changer. Max has spent a fortune (35m) on sesmic data and 42m drilling surely they must be quietly confident something is down there. As always with mad max - expect delisting on tuesday though. The above is best case scenerio .
Yes you can trade whilst in a cva or kazak rehab as they call it. If they dont sort the funding by 2nd sept we have to delist as per aim rule 41. Who knows with max, but if they do sort funding and banking facilities by tuesday there is no reason why they cannot start trading again. We saw what happened when daniel stuart started retrading - 800% increase in one day. You never know. But more than likely my feeling is they wont get it done in time, either through choice or because they are incompetent .
Aim rule 41 They have to de-list if they have not sorted the funding allowing them to lift the share suspension. Max being max will no doubt not have the deal sorted by 2nd sept (6 months from suspension) Which means we de-list, there is a growing trend of small companies choosing to de-list which i suspect max want to do, so will let the deadline lapse, max will save circa 250k in fees to the aim stock exchange, plus fees to brokers and Nomads. Although this is not good for us, it is a way of max cutting costs so i think they will do it. They change then to a limited company and dont have to answer to all the aim corporate governance rules. Its a growing trend to cut costs if your business is not a propering one - aim is good if your a new company looking to get funding so you float and get shareholders - if you are later on in a poor position were your not in a position to raise funds, brokers dont want your shares etc then you dont have as much use for aim, so can save 250k and delist. Our shares are not lost, but we cannot trade them on the aim market, basically we dont have a market and can only trade them over the counter like pink sheets - paper shares, but you will struggle to find any broker who will actually want them as they are so iliquid, we just get a annual report once a year that is all they are obliged to do. If they choose to re-list once funding is sorted we are still shareholders, or if they are bought out whilst a limited company we are still shareholders in that new company. It can help to delist and be beneficial to getting your creditors to agree funding and deals, as there is no red tape and max can pretty much do what it wants, which gives them a bit more of an advantage getting a cva done and 75% of creditors to say yes. We will just have to see how max play it should they not have it done by 2nd sept, you can get a extention in some cases, so max will have to show their hand with their intentions either way.