Member Info for slipperyslope

The way I am looking at this now is that the BOD are going to be buying up some 25 Million shares. They also have to find buyers for the balance of the shares. So it is in their interests to make sure they turn this company round. SP is bouncing off the the 2.5p level which is just below the reduced price of the shares. So I would again expect a lot more investors to be interested at buying in at that level as happened in mid January when sp flew up 125%. Could be a bit of an up and down ride though so hold on to your hats and glasses folks.

Hi AwkwardTurtle. I am just off out but will get back to you later on this one. PI reports give some insight. http://www.proactiveinvestors.co.uk/LON:MOIL/Madagascar-Oil/ Potential here depending on a few twists and turns could be massive. One of those little gems that has been under the radar of late.

What set this off. Has been quiet on here for a while. I was wondering when someone was going to start waking up and realising what a bargain price this was. If this all comes off sp prediction is way above where we are now. Long term holder me.

Oil rally biggest two week gain for over 17 years! This one should make a move.

is a good sign. Read somewhere that BOD are meeting on 13th Feb. Any more news on that Arminius?

Hi OT. Sold my old shares on that recent bounce up and then went with the offer for the news ones at the reduced rate as I thought that seemed a sensible move. Not got as many as you though but not far short. Best of luck with this one.

Did anybody grab some of the cheap shares on offer?

Good point. I calculate that works outs at a flat rate of 130% interest. Not bad. Although you could have shoved the funds in AFR on Monday then took them out this am and turned £40K in to approx £140K.

Not sure. I will see if I can find that item on replacement rigs required. Oil price picking with LAM following. Those large amounts of director buys were well timed.

these shares in large amounts?

I am still here. The sp is ticking up slightly every day so thought I might as well hold on for the 4.1p. Do you think we might get a bit more? I think those that hold on should get more. lol

You never know they might turn things around. They did put a lot of work in to the Hungarian saga but just didn't work out as we all expected including the BOD. As far as I can see the best way forward now would be the Vanadium mining in the US. At least buyers are coming back with the sp showing signs of life and moving in the right direction.

Agree LAM in a better position than a couple of years ago. More director buys going through as well which always gives a feeling of added comfort. I read recently somewhere that a very large number of rigs are coming to the end of their life span and there will be a high demand for new rigs and repairs to old ones despite the oil situation. Missed the opportunity to buy yesterday but decided to buy today on this little drop.

One of my better buys this one. Agree best just sit and hold for 5 years.

has woken this one up from its slumber. Has been very quiet on here for a long while. We should be getting an RNS soon as to where the BOD plan too to go with this company.

The rise today is not much at all when you look at where we have come from. Looked to be a bit of a buying frenzy that took the sp up. Din't need much to get it moving. No real reason for the large drop and same for the rise. Me thinks the sp needed a bit of a re-rate to the consolidation price. If it holds up and continues to rise over next couple of weeks then it will be worth taking up the entitlement at 2.6p

Trying to grab these now at 4.2p. The 19p price back in 2011 was pre consolidation. Current sp price would be worth a whole lot more. Be interesting to see where this goes over coming week.

Should be the target price but just a re-rate to where it should be.

Long term holder. This is a re-rate back to where the sp should be following consolidation. Should be back to 5p/6p. not sure what it was doing down at 2p.

If people keep selling at these prices who is going to benefit from the final distribution. Will the MMs and those still holding the sold stock be cashing in?