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Yes a lot of automated trades. Order book has resistance at 0.14p, wouldnt be surprised if the MMs did a tree shake to trigger these stop losses. Why would the MMs need shares? As I cant imagine many long term private investors willing selling at this price, as its so low most of the long termers may as well lose the lot or share the upside if a deal is done. We would be told if IIs were selling there stake, so we know its not them. After yesterdays volume, today is intriguing, wonder what they are up too.
still 2 x 1m buys waiting to be filled, perhaps the MMs will send it down slighlty to fill them, then bounce right back up
Again, will be watching the volume today as a marker of whats going on behind the scenes, yesterday it was over 90% buys, and some big ones too. Still seeing 2 x 1m buys on the order book also. We all know max is leaky leaky, so the share price will probably move significantly one way or the other before we get the RNS confirmation. GLA
Hi Higg, Hope you have dyor here my friend, news is imminent here, that could render any investment worthless, on the flip side with a new banking facility at todays low oil prices, funding from AGR, and getting all our discoveries online could see this fly to 1-2p range very quickly... Further down the road if oil prices rebound like they did in 2009 from $30 to $125 max would be looking at 3-5p range imo, as they would still have a banking facility and favourable terms at todays $40-50 range, with increased bopd ... And who knows the new family on board may actually finish the jackpot deep in nur-1 which is about 90% complete and going after 1 billion barrels of oil, tengiz and roxi prove oil is in the area, lots of ifs and buts, but if max can get the banking facility sorted then i feel AGR will follow suit and jump on board, with a new board, fresh ideas and investment options who knows the strategy going forward but it will certainly be an improvement on present... First things first lets get the rns about the banking deal hopefully through, if those buys today meant nothing then i would find it highly unusual in my investing experience. All or nothing guys here, be careful. But optimistic given today i think.
Max never behaves as it should. We found oil several times a couple of years back, the share price went down on almost every occasion! Despite going down today, i am not overly bothered, i am reading between the lines that something positive has been agreed here regarding the debt and agr funding
It would seem so, find it hard to believe the volume of buys vs sells today cant mean something has leaked...... RNS to follow
Leaky leaky follow the money.......
Who knows? But what use is the oil in the ground to a bank with max in admin? Plus the bank own a stake in max anyway! We have the AGR deal family ready to invest, so the bank know we have funding coming in if they reneogiate the terms of our debt, we are not asking them to wipe it, just give us more favourable terms, so they still get paid.... I think they will do the deal, and not push us into admin, when we have oil and bopd and AGR.
90% are buys today Two of the sells were £1.37 £3 Not worth the trading commission to sell !
I think the RNS will be friday.
£4200 buy on order book.
Yep... And there are two 1m buys waiting on the order book, will perhaps be reported tomorrow.. I was waiting for volume as a signal, think we are getting there. Leaky leaky ......
Coming in ... And also looks like 2 x 1m shares on the order book.
I am keeping an eye on the volume on level 2, if this starts going upwards, i think a deal will have been done, as always the share price will react one way or the other before we get to see the news update. The tax payment is not due till early march. We have the AGR family who want to invest, but they need the bank to do their bit and re-negociate the debt before doing so. With bopd i dont think the bank will put us in admin, they must understand the low oil price is part of a wider problem impacting the whole market and is beyond max's control.
If the deal goes through we will be in a decent position, with funding from the new family of backers, and a debt deal based on current low oil prices circa $50 a barrel. As we saw in 2009 oil hit a bottom of $30 only to quickly boince to $125 a barrel So max would be in a good position once this bottom is found and rebounds. Just all hangs on if max can pull this deal off
Apologises, i was wrong about these.
There was a buy of 9 million shares today for £20k And one for 2 million shares for £4k With news imminent, cant help feel somone might know something..... Always the same with max, we are the last to find out!
??? Something leaked......
For what its worth i see mxp pulling through This with a reneogiated deal - repayments delayed etc until the oil price picks up which we know it will. Too much oil to go bust may be a brave comment but it may just save us
With max, they have an asset in the oil they have so who knows