Member Info for Paul2566

I think its impossible to predict what will happen.
I do think there is potential, however the majority of investors are retail and sentiment is not good. Retail investors tend to be more fickle and like quick results. There has been a lot of 'jam tomorrow'. There has been a lot of talk about potential, and I do not believe that will work any more, some improvement in substance is now required.
I am not convinced a further share issue would be taken up in sufficient volume.
My feeling is that Feb will be a make or break month, with maybe 20% upside or 50% downside depending on results and updates.
Will it fold, maybe, will it multi bag, maybe. At best I think its 50/50.
Would I gamble more money now, absoluty not at the current price with the current information available. With improved sales, or below 1p, possibly. I say gamble, because right now thats exactly what it would be.
There is about 6 months of cash runway, so if the next update does not show improvement, they will probably find it difficult or expensive to raise funds. With just under £9m of equity, they might be able to secure a loan, but how much, £5m, £4m, less?
Several members of the BOD have fingers in several pies, which shows they are spreading their personal risk, and perhaps demonstrates they are not fully convinced this is a winner.
Only time will tell, but I suspect all will become clear long before years end.

4th Feb I believe. 3.783p.

Hardly necessary as a response and not a little rude.

With hindsight, I guess I should have sold the lot.
Although for once I think its the market in general that is to blame for todays drop, and nothing specific to MXC.

TA can I believe be useful, but it has limits and used in isolation is indeed as another poster indicated, akin to reading tea leaves.
In the case of this stock there are other stronger indicators such as financial analysis which in my opinion make TA of little value.
As I've stated before Feb is going to be the make or break month for this stock and I've already reduced my holding in it by 25%, as I am more inclined to think its going to be the latter. I'm not fully convinced so I'm hanging on to my remaining stock till I have access to more information in Feb, when I will either possibly increase my holding or close it completly.

No it will have no impact.

S75 is a good piece of legislation that has been around for a while, since it was in the Consumer Credit Act 1974.
Its why I always use a card whenever possible, preferably Amex.
Either we pay to use the card or the seller pays for the card facility, or both to some degree. Its not as you may guess a free facility.
The rational of the legislators is I believe that since the card company recieves benifits from the use of their service, it right that they take on the burden of recovering claims on behalf of the buyer.
My understanding is that in most cases, the buyer is refunded quickly, and the card company recovers the cost from the seller in due course.
Its not going to be like PPI claims and shouldn't have a drastic impact on the stock price.
I read it as a non event.

I agree totally, a stock holder windfall is nice, but I would rather they add value, which in turn should support long term returns.

Looks like AAF may be edging back towards 52 week high.
It appears to be going from strength to strength and I suspect we will see a new high in the next couple of months.
This stock is offering capital growth and dividends at the moment, whats not to like.

Toff
I doubt very much it will reach £32.
More likly will be a slow recovery. The market simply over reacted as usual, it will bob about a bit but eventually land somewhere near its true value.

Ben & Jerrys looked like a good move, but what happened was unpredictable, and these things happen from time to time.
Its a popular brand and as always the recent unpleasantness will no doubt blow over.

I bought ULVR because I believe it will be a long term hold in my portfolio. I still believe that although it will never make huge capital gains, and there are better dividends, it is a relatively safe long term hold.
I would expect the management team to know which of their products offers the least return on investment, and if they plan on dropping those products in favor of more profitable products I see that as a good thing.
I think the aquisition of the part of GSK in question could indeed be a good fit. It just depends if the cost is worth the reward, and I'm far from quallified to judge that as I doubt very much I have access to all the facts.
For me its ok if I don't always understand a BODs decisions, but if I didn't have a little faith in a BOD I would probably close my position on the stock. I appreciate others views will differ, but at the moment this stock is looking reasonably cheap.

I made a modest top up today of 87 shares at £35.86 (Inc tax etc.)
Does not help much as my average is still £41.187.
I do also hold GSK so not all bad news.

Reduced my holding by 25%, just before todays drop.
Took a 30% loss, but decided to reduce my exposure to this stock and move funds elsewhere.

astec123
You should be aware this is not listed on AIM, although I will conceed it performs much like an AIM listed stock.

What????

To be honest I'm as confused as you.
Voting on something that has happened appears pointless.
What would happen if the vote went against the issue of shares?

Agenda
Item 1. Resolution 1. Ratification of prior issue of placement shares.

Votes would not be invited on something that has already happened, this is a vote prior to the issue of shares.
No one will vote against it as it would be a death sentence for MXC, they would be unable to continue trading on the exchange as they would not be able to show sufficient funds to continue operations. (Read very bad).

This was always going to happen, its just a couple of months sooner than I expected.

RNS issued 0900 hrs today.
The 2nd pdf in the RNS contains some detail.

It looks like another 275m shares are going to be issued at 2p to fund ongoing operations, including the fitting out of the Malta facility, although I must admit I thought this had already been funded by a previous share issue.
That should equate to around a 10% dilution of share value in simple terms.
I'm still unsure who will buy these shares, and whether or not we will see the full dilution in the SP.