The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I have emailed him, will post if he says anything worthwile. Thinking deal done, would of been admin weeks ago, remember we owe the kaz tax man
I will go out on a limb and predict a deal has been done.
Well if its going to take some time like the one below i would be confident of a deal, if it was admin it would of happened below. Agr will invest knowing they will get a circa 750% style jump on retrading.... Easily making them 3-5 times there investment
Anyone else want to email him see if you can get anything out of him? tr@maxpetroleum.net
Will max also rise again this Easter? :) 7am tomorrow could be the pivotal day gla
The longer this drags on the more glimmer of hope i have, if it was admin no questions, then they would of done so weeks ago.... Discussions must still be ongoing hence the wait, not saying a deal has been done or even will be done, but there is hope one can come out of these ongoing discussions. Curious to see what out market cap/shares in issue will be should a deal go through. Could be looking at a daniel stewart style bounce on re-trading. Then lets not forget we was worth 1.64 just a few months ago, when money was needed just like it is now, so with the said money from agr invested, one could argue max would be worth more than the 1.64p if agr get nur-1 re-entered on anticipation of results i would expect 2-3p . Long way to go, but max might just pull this deal off and be a 20 bagger.
Elvis Is also our COO too... Gla
With thursday being this weeks friday we could get a rns tommorow ! Lets pray for good news, jesus rose from the dead, lets hope max can too :)
I mean nur-1 is circa 85% done... Surely worth finishing!
**play type
Another milestone AGR could help max extend the liscence for nur-1 acerage If emba b is a success max has said it would open up a plan type along the arch and this the chance of success of the next deeps jumps to circa 70% ... A lot of hurdles to cross before then, but certainly on the cards if AGR want to have a go!
Agree...max should farm out nur-1 and let someone take a 60/40 split as operator. Share/reduce the risk on max, But we still get 40% of a billion barrels if successful!!
Hard to argue against max rising in the same way once we are restored, as max had a offer of 1.64p on the table, with the same debt and bopd in december as we have today (minus the small zm reduction) Essentially we are the same business we was at the 1.64p offer, but if this goes through we will have AGR funding, and a improved debt repayment with the bank, so one could argue that once signed we are in fact worth more than the 1.64p we was trading at in dec 2014.... Add into the mix a new strategy from agr perhaps getting nur-1 finished and we could be actually worth 4-5p ... We just need to get this deal over the line and i beleive max will be a comeback play, a 20 bagger from todays levels should the deal be successful . Gla not long now - still very dodgy here, but thats the risk v reward you take if you hunt the potential 20 baggers . Deal goes through ... Give oil prices 18 months recover and max will be an exciting play.
Not surprised mate.....£1 is quite overpriced given we are at 0.16 :)
Looking less likely as time goes on i think
Back up ...almost $60 a barrel now.
Sneaking back up to $55 FTSE hit record high of 7000
Who knows, you could be correct. Not looking good here. Strong sell - wish i could mate lol
If it was simply admin they would of said it, and could release more rns as and when the admin process is complete. The fact they have not suggests discussions are ongoing and a deal could be done. Very risky here, but max could be the comeback king if it can sort this mess out. The oil in the ground wont be worth much to a bank, but is to AGR, and with it the bank see a return on the loan. The account suspension is just a formaility, they would of known this was the consequence of not paying the tax bill, so it means little to me, as they were never going to pay it unless the deal gets done. A lot to sort out, but feeling it can be done.
Is it good news???