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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mercom Oil | LSE:MMO | London | Ordinary Share | GB00B979BX21 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 4.50 | GBX |
Mercom Oil (MMO) Share Charts1 Year Mercom Oil Chart |
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1 Month Mercom Oil Chart |
Intraday Mercom Oil Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/3/2016 | 08:28 | MMO Thread created for anyone that is interested in this company | 473 |
| 07/3/2016 | 11:17 | Mercom Oil Sands | 801 |
| 10/1/2016 | 14:08 | Mercom - Trading at 70% discount to NAV | 32 |
| 12/7/2014 | 14:18 | Mercom Oil Sands (MMO) Maverick Petroleum Ltd., has signed an Agreement with the | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 07/3/2016 11:17 by fillipe MCC - the new epic for MMO, from today.f |
Posted at 25/2/2016 14:37 by iloveit Here come the small stock buyers price looking like it's ready to shoot up again.First bit of news on new assets or positive RNS from company this will be into a much higher valuation from this price.Exciting as we move closer to end of play today as surprise buy trade could well impact . |
Posted at 25/2/2016 00:30 by fillipe I make it 17.227m shares in total at MMO. Exactly, or closely thereabouts I reckon at least 62% are in the hands of the "over 3%'s"....probably a little more are now in that camp.So close to 5m to 6m shares (38% max) are in " free circulation" with sub 3% holders - total value at say 5p, only for now (!).... £300,000's worth, tops. A paltry figure once you start to divide that value by the number of folks who either already hold a slice of that £300k's worth, in which case even less for others,and the many folks who will be wanting a piece of the small remaining pie. Gl all and hoping the soon upcoming AGM will be hugely revealing. f |
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 09/1/2016 16:12 by hedgehog 100 A company with a market cap. of £0.34M., as MMO is at 2p, has the potential to multi-bag rapidly upon positive developments.A market cap. of £3.4M. would not be unusual for an exciting resource play, and that would represent ten-bagger gains from the current level. That potential is not included in the price here, so a higher share price is absolutely appropriate. |
Posted at 02/1/2016 12:50 by hedgehog 100 The third highest riser on Thursday 31st. December, LIFE, has more than doubled recently from 2p (the same price that MMO is at now):LSE % Gainers Top Lists EPIC Name % GGP Greatland Gold +57% CLP Clear Leisure +46% LIFE Life Science De +43% Price Price Change [%] Bid Offer Open High Low Volume 4.88 1.475 [43.38] 4.75 5.00 3.25 5.25 3.20 3,492,079 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 1.83 37.50 1.65 -28.64 - - - 5.25 - 0.85 This shows the potential of oversold investing companies / shells like LIFE and MMO, at a market cap. of under £1M. and trading at a discount to cash. And MMO's discount to cash is a lot more than LIFE's was at 2p, and its market cap. a lot lower. |
Posted at 19/12/2015 20:15 by hedgehog 100 MMO's micro cap. of just £0.37M. means that IF it has a RTO (reverse takeover), then a bigger uplift is more likely than otherwise.E.g. if the RTO vehicle has a £2M. share of the enlarged equity, a shell already valued in the market at £2M. will have no uplift based on the RTO value. Whereas one currently priced at a fifth of that should rise five-fold. In MMO's case its NAV is multiples of the current share price, and it's likely that an RTO value would reflect that. From the thread "CEB Resources with Charts and News (CEB)": 5baggersrus 11 May'15 - 11:01 - 17 of 1138 0 0 "Phil ... look at MMO for another decent play they are trading 50% of cash ... 25% of NAV ... just needs some news to get them moving !!!!" |
Posted at 19/12/2015 16:27 by hedgehog 100 5bags,Why not debate maturely, instead of just coming out with that clichéd troll mantra like a parrot? MMO's investment met the AIM rules, and that is fact: "As a result of these investments, the Company was deemed to have implemented its investing policy for the purposes of Rule 15 of the AIM Rules for Companies." MMO has also just closed on the top leaders list for two days running, directly ahead of its interim results. That is a good sign, and suggests that some people disagree with you, and are prepared to put their money where their mouse is. P.S. Yes, there's been a £200K. asset impairment, but that's in line of the sector, so what makes you think it's a reflection of its quality? 30/09/2015 17:24 UK Regulatory (RNS & others) Mercom Oil Sands Plc Final Results "Our net asset value decreased to GBP0.12 per share from GBP0.17 per share in the previous year. Net assets value at 31 March 2015 was GBP1,428,492 compared to GBP1,818,865 as at 31 March 2014. The decrease was chiefly the result of the cash used in operations and the GBP200,000 impairment recorded on the investment in Lion Natural Resources Limited." |
Posted at 18/12/2015 20:38 by hedgehog 100 Another good day for MMO, closing for the weekend in third place on the top risers list:LSE % Gainers Top Lists EPIC Name % AGQ Arian Silver +40% ZOX Zincox +35% MMO Mercom Oil +31% Price Price Change [%] Bid Offer Open High Low Volume 2.13 0.5 [30.77] 1.75 2.50 1.63 2.13 1.63 164,966 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 0.37 17.23 -10.93 -4.00 - - - 7.50 - 1.00 John, The good thing about a micro cap like this is that you can buy a meaningful percentage stake for a very modest outlay. For a few hundred quid you can buy a thousandth of the company. Whereas to buy a thousandth of a £10M. cap. company would cost ten grand. |
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 |
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