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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mercom Oil | MMO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.50 | 4.50 |
| Top Posts |
|---|
Posted at 03/3/2016 08:15 by iloveit Agm today 3pm so maybe late RNS !Watching trades build up as new venture for this company has attracted many investors .Yesterday was very busy buys ,should be another busy buying day today I think. |
Posted at 02/3/2016 14:00 by iloveit It's hotting up last chance to get in before the agm .Price will only get more expensive as stock is very rare for small investors.I assume now a very healthy BUY is working its way in here.Watch as last few hrs unfold here ? |
Posted at 01/3/2016 15:21 by iloveit Agm is 3rd March this Thursday ,look at those pecking the shares as they come available.Stock is pretty much loaded up but investors can't grab big chunks.Mms have to drive the bid up now and looking good for a major rerate up . |
Posted at 24/2/2016 17:01 by iloveit Shares nearly all gone as this flys up.Shrewd investors all want a piece of the cake now.Timely Buys at this level will pay big bucks as this shoots up to what price is any ones guess. Could this reach 50p-to £1 region very quickly? |
Posted at 06/1/2015 15:59 by iloveit Not sure about this stock being ramped,investors are BUYING for the reason that this is brewing up as to why stock is in demand today. |
Posted at 01/9/2014 10:45 by ryan83 ASKIA current operationsFirst Gold Washing Plant Launch Hosted at Bradnock’s facility in the UK, Askia is pleased to confirm the unveiling of their revolutionary gold washing plant for commission in Africa in the fourth quarter of 2014 Shipping First Plant to Africa Sierra Leone Askia ships gold washing plant to Sierra Leone Sierra Leone Askia Gold has developed strong links between the Sierra Leone Government, principal Chiefs and local community leaders in highly productive gold production areas. Askia Gold has entered into a partnership arrangement with a major mining company, investors and equipment manufacturers. We are projecting output of 25kg of gold per month for our phase one expansion to be completed during 2014. After capital expenditure our running costs will be 28% of output and scalable without increase in cost up to 60 kilos per month. Production by end of 2014. 25kg at £27k per kilo initally. 30% to MMO. Thats £8.1m in total annually, £2.43m to MMO Ramped upto 60kg per month = £5.83m to MMO annually. |
Posted at 29/8/2014 16:22 by topinfo Yes saw BHR and what does that have to do with me 21w@nker ? I dont own BHR. You keep forgetting that Im a trader and not an investor, they are two completely different things all together. When I buy a share 3 months ago doesnt mean I own it 3 months later when it comes out with poor news. I trade stocks based upon factors that day or week etc, which means I hold short term on most stuff. You need to get your head around that.When this hits 20p I will be out with over 100% profit, so now if it has some bad news say next year dont come back on here saying Tops another faller coz I will be long gone. You need to learn to accept the things you cannot change, to change the things you can an the wisdom to know the difference. TTFN Hatey Tops |
Posted at 23/8/2014 09:50 by ryan83 been looking at this one recently. Particularly interesting is:-Askia Gold Limited (35% owned by MMO) Lion's major asset is its interest in Askia Gold Limited (www.askiagold.com), which has developed strong links between the Sierra Leone Government, principal Chiefs and local community leaders in highly productive gold production areas. The company is developing an alluvial gold project and has entered into various partnership agreements with a major mining company, investors and equipment manufacturers. It is projecting output of 25kg of gold per month for its phase one expansion which is scheduled to be completed during Q3 2014. It is expected that production costs will be 28 per cent. of output and scalable without increase in cost up to 60kg per month. This could be very lucrative for MMO:- Kg / month 25 60 kg /£ 27,157 27,157 total £ month 678,925 1,629,420 total £ annum 8,147,100 19,553,040 MMO % 35% 35% MMO £ month 237,624 570,297 MMO £ annum 2,851,485 6,843,564 Cost 35% 35% profit 65% 65% Cost month £ MMO 83,168 199,604 profit month £MMO 154,455 370,693 Cost annum £ MMO 998,020 2,395,247 profit annum £MMO 1,853,465 4,448,317 yep COULD mean £1.8m profit per annum producing 25kg gold per month!! Also Maverick Petroleum (MMO own 7%):- Investment in Maverick Petroleum Limited The Company has invested approximately £68,000 in 7% convertible debentures of Maverick Petroleum Limited ("Maverick"). Maverick is an unquoted oil and gas company focused on late stage development oil projects in north western African states with a focus in the Republic of Chad. The company is under the lead of its Chairman, Mr. Lutfur Rahman Khan and its President, Dr. Waseem Rahman. Mr. Khan and Dr. Rahman are experienced oil and gas entrepreneurs who were previously executives of Arakis Energy Corp. ("Arakis"). Arakis, formerly a NASDAQ listed company, drilled some 70 successful wells which significantly enhanced the value of the Heglig and Unity oil fields in Sudan. look here - "State through one of its associated companies, Maverick Petroleum Ltd., has signed an Agreement with the Government of Chad to develop Sidigui Oilfield and set up a 10,000 barrels refinery" "Seismic data in the Lake Chad area was acquired in several stages. Three prospects have been identified in the Sidigui area. Two successful wells were drilled and tested in the Sidigui field. Both wells were cased and completed for future production." I cant find the % interest to Maverick in this deal. But assuming Maverick have 50%:- BOPD 10,000 $ barrel 100 $ Rev per day 1,000,000 $ Rev per annum 365,000,000 $ Maverick 50% 182,500,000 $ MMO 7% of Maverick 12,775,000 £ MMO 7% of Maverick 7,665,000 BOPD 5,000 $ barrel 100 $ Rev per day 500,000 $ Rev per annum 182,500,000 $ Maverick 50% 91,250,000 $ MMO 7% of Maverick 6,387,500 £ MMO 7% of Maverick 3,832,500 They also have NWT Coal (MMO own 35%) The estimated coal resource (non-JORC compliant) for the larger concession is about 80Mt and for the smaller concession about 10Mt. However, these estimates are not based on systematic exploration. The local company is in the process of launching an exploration programme in order to establish a JORC-compliant reserve. Lets ignore any value here until JORC released (also coal market is poor, look at KIBO, STG, BHR). MMO have a market cap of £900k. They did have £1.3m as at Sept 2013 and also:- "In January 2013, the Group entered in to a contract to purchase 20,000 cubic meters of Gasoil at a price of US$775 per cubic meter. On entering the contract the Group paid a refundable deposit of £499,900. If the Group chooses not to perform on the contract, the deposit will be refunded. The contractor, at their sole discretion, has the right to impose a 2.25% fee for any amounts refunded for non-performance. As at 30 September 2013, the deposit remains outstanding." Admin costs are £133k for the 6 months to sept 13 = £266k per year. They spent £768k on investments including the above. So cash £1.3m less £768k investments less £266k admin costs leaves £266k. Plus the £500k they can call in from the gasoil contract. Potentially £766k cash. MMO have a market cap of £900k. undervalued?? gla |
Posted at 02/4/2014 10:15 by logans run Strand Hanson and Investors Chronicle host a roundtable discussion Senior leaders from within the natural resources sector met to discuss the challenges and opportunities facing those operating in emerging markets.Those who attended the discussion included: Mercom Oil Sands plc Dr Patrick Cross, Non-executive Chairman Dr Cross is the Non-executive Chairman of Empyrean Energy Plc (AIM: EME). His previous positions include 25 years with British Petroleum specialising in marketing, strategic planning, and business development. Additionally he was for two years President of Cable & Wireless Japan and for six years was Managing Director of BBC World Limited. Dr Cross holds a PhD in Microwave Technology and a BSc (Eng.) in Electrical Engineering from University College London. Dr Cross lives in Oxfordshire, UK. Mercom announces that it has entered into a financial advisory agreement with Byron Capital Markets Limited ("Byron") to provide Mercom with financial advice concerning ongoing capital funding strategies and other strategic corporate advice. Under the terms of the advisory agreement, Byron will provide the Company with advice and guidance on its business strategies and corporate focus, facilitate the Company's access to capital markets by making introduction to capital markets participants and help identify any potential acquisition, divestiture or merger opportunities. Additionally, Byron will provide strategic advice to Mercom with the intent to maximize shareholder value as well as assisting the Company with the structuring of any future transactions. With a current market cap of £2m, the company is priced 50% BELOW cash. This is fair as monsieurs Cross and Zorbas are yet to identify any meaningful asset. That said, the presence of Canadian oil & gas consultants Byron Capital Markets Ltd points towards a frustrated BOD that is desperate to close a deal after an abysmal performance. For my part, it is rare to see AIM cash shells with £1.5m plus cash reserves. This critical factor coupled with Byron's presence will keep me invested in Mercom. It is definitely one to watch closely. Mercom Oil Sands (MMO:L) Is Poised to Explode Fellow Investors, You have heard of the vast amounts of oil found in Canada's oil sands. Oil from Canada's huge oil sands deposits are a key part of North America's energy security. The Keystone XL pipeline project, now waiting for final approval, is designed specifically to bring crude oil from the Athabasca Oil Sands in Alberta to refineries in the United States for use by American consumers. Mercom Oil Sands (MMO:L) , a UK company trading on the London AIM market, offers investors an opportunity to get in on the ground floor of a brand new oil sands project located right in the middle of the rich Athabasca Oil Sands. Mercom is seeking a 50% stake in the Chard field, an area of nearly 20,000 acres of oil sands deposits that contains as much as 60 million barrels of recoverable oil. The Chard field is surrounded by other companies that are already producing large quantities of oil. There is an existing highway and rail line on the Chard property and nearby pipelines to carry oil south the Edmonton and from there to refineries in the United States. The oil is there. The pipelines are there. Assuming management is successful in closing the deal to acquire its 50% stake in the Chard oil sands leases, investors could make a killing. Mercom's share of the oil available in the Chard leases could be worth as much as $1.8 billion. Now consider that Mercom has a market capitalization of US$3.12 million and has US$3.3 million in cash on its balance sheet. Investors can buy shares for less than the value of the cash on the company's books! If Mercom can close the deal on the Chard oil sand property, it could turn that $3.3 million in cash into as much as $1.8 billion in crude oil for refineries in the U.S. That potential is what makes Mercom such an exciting idea for investors. U.S. Demand is Key Oil extracted from Canada's oil sands is in high demand from U.S. refiners. Most of the refineries on the U.S. Gulf coast are built to use heavy oil as feedstock. This is exactly what Mercom will be able to deliver from the Athabasca Oil Sands. Oil from Canada's oil sands has other advantages. It is priced at about a $30/barrel discount to the U.S. standard crude oil, West Texas Intermediate. That makes heavy crude oil from Canada the cheapest crude oil on Earth. Since U.S. refineries are already set up for heavy oil, there is plenty of demand for this cheap oil and not much competition from overseas refineries that use lighter crude. Oil from Canada is secure; none of our hard-earned cash is going to unfriendly countries in the Middle East. A vast pipeline network already exists to carry Canadian oil to the U.S. If the Obama Administration eventually approves the Keystone XL pipeline, that will greatly increase the carrying capacity of the pipeline network and will bring oil from the Athabasca Oil Sands directly to U.S. refineries on the Gulf Coast. How To Trade In London Investors can trade on London's AIM market through most large, online brokers including Charles Schwab,Fidelity, and many others. However, trades on the AIM market are routed through these brokers' international trading desks so you may have to call your brokerage to make the trade! All shares traded on AIM are denominated in pounds Sterling. Currently, one pound (£1.00) equals US$1.51. So for example Mercom (MMO:L) shares trading at £0.007 equals US$0.01057 per share (£0.007 x 1.51 = $0.01057). The London Stock Exchange, which operates the AIM market, is very investor friendly. AIM is like Londons equivalent to NASDAQ's small cap listings. Investors can easily find lots of information on AIM-listed companies, including corporate press releases. Happy Trading! |
Posted at 28/3/2013 09:33 by tez123 Mercom Oil Sands (MMO:L) Is Poised to ExplodeFellow Investors, You have heard of the vast amounts of oil found in Canada's oil sands. Oil from Canada's huge oil sands deposits are a key part of North America's energy security. The Keystone XL pipeline project, now waiting for final approval, is designed specifically to bring crude oil from the Athabasca Oil Sands in Alberta to refineries in the United States for use by American consumers. Mercom Oil Sands (MMO:L) , a UK company trading on the London AIM market, offers investors an opportunity to get in on the ground floor of a brand new oil sands project located right in the middle of the rich Athabasca Oil Sands. Mercom is seeking a 50% stake in the Chard field, an area of nearly 20,000 acres of oil sands deposits that contains as much as 60 million barrels of recoverable oil. The Chard field is surrounded by other companies that are already producing large quantities of oil. There is an existing highway and rail line on the Chard property and nearby pipelines to carry oil south the Edmonton and from there to refineries in the United States. The oil is there. The pipelines are there. Assuming management is successful in closing the deal to acquire its 50% stake in the Chard oil sands leases, investors could make a killing. Mercom's share of the oil available in the Chard leases could be worth as much as $1.8 billion. Now consider that Mercom has a market capitalization of US$3.12 million and has US$3.3 million in cash on its balance sheet. Investors can buy shares for less than the value of the cash on the company's books! If Mercom can close the deal on the Chard oil sand property, it could turn that $3.3 million in cash into as much as $1.8 billion in crude oil for refineries in the U.S. That potential is what makes Mercom such an exciting idea for investors. U.S. Demand is Key Oil extracted from Canada's oil sands is in high demand from U.S. refiners. Most of the refineries on the U.S. Gulf coast are built to use heavy oil as feedstock. This is exactly what Mercom will be able to deliver from the Athabasca Oil Sands. Oil from Canada's oil sands has other advantages. It is priced at about a $30/barrel discount to the U.S. standard crude oil, West Texas Intermediate. That makes heavy crude oil from Canada the cheapest crude oil on Earth. Since U.S. refineries are already set up for heavy oil, there is plenty of demand for this cheap oil and not much competition from overseas refineries that use lighter crude. Oil from Canada is secure; none of our hard-earned cash is going to unfriendly countries in the Middle East. A vast pipeline network already exists to carry Canadian oil to the U.S. If the Obama Administration eventually approves the Keystone XL pipeline, that will greatly increase the carrying capacity of the pipeline network and will bring oil from the Athabasca Oil Sands directly to U.S. refineries on the Gulf Coast. How To Trade In London Investors can trade on London's AIM market through most large, online brokers including Charles Schwab,Fidelity, and many others. However, trades on the AIM market are routed through these brokers' international trading desks so you may have to call your brokerage to make the trade! All shares traded on AIM are denominated in pounds Sterling. Currently, one pound (£1.00) equals US$1.51. So for example Mercom (MMO:L) shares trading at £0.007 equals US$0.01057 per share (£0.007 x 1.51 = $0.01057). The London Stock Exchange, which operates the AIM market, is very investor friendly. AIM is like Londons equivalent to NASDAQ's small cap listings. Investors can easily find lots of information on AIM-listed companies, including corporate press releases. Happy Trading! |
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