Your worst Investments ever...3 May 2021 10:39
Worst Investment Ever
Weather is rubbish to I wondered if anybody would like to share some of their worst investment decision ever as a bit of a walk down memory lane….
Sadly Ive had a few but Max Petroleum was one of them I remember.
Its was the usual case of an Aim company running out of cash. They were producing about 3,000 BOPD but put all their cash in a massive drill in a superfield in Kazakhstan where other field found between 8 and 20 million barrels of recoverable oil. Sadly they had numerous issues with the drill and finally at 5700 meters the drill got completely stuck….Game Over.
I heard that everything got sold for a million dollars.
So what share disasters do you remember ??????