Molecular Energies Share Discussion Threads

[rizzzla] 18/4/2024 14:33

Id advice keeping them in crest with your broker if they use JPJ
Their digital platform wend live last month so it will be a lot easier for brokers to trade if there signed up

[chris cat] 18/4/2024 11:37

Spag.....I have similar tails of woe from AFR, PTR, AMC, TMAN. Agree on the Education point, I only hope my kids listen where I wouldn't

[spagboll] 18/4/2024 10:54

Hello all just writing to join the annoyance over this. I am down £12k, been holding for years, not as bad a loss as some I see but I agree with the comments re Levine retaining his holding and getting interest on loans whilst shareholders pay out. A pyramid scheme really. I've called my broker as they told me they were going to sell all holdings tomorrow. I have asked them to send the certificate to me. I will keep it to tell the story to my kids, I will put it with my UEN, SER and OXS ones. £12k for educating my kids, who knows if that will be good value! Good luck all.

[chris cat] 18/4/2024 10:12

From memory, Paraguay was on the balance at around £40m. I guess MEN is now effectively a holding company for 3 main assets :-
1. ATOME
2. GHC etc.
3. The debt due from the sale of the Argentina assets

Anyone think any different.

VFP/Rob...so sorry to hear you have lost so much, I have lost a fair bit too but nowhere near those levels thankfully. I will continue to hold as the value of my investment is now so negligible, I'd barely be able to take the family for a decent meal.

[all in eol] 18/4/2024 09:58

CURRENT TRADING AND FUTURE PROSPECTS

On 1 March 2024, the Company announced an update on various corporate and trading matters. In particular, the Company highlighted that the Tapir x-1 exploration well at the Pirity Concession in Paraguay had been suspended due to drilling difficulties. This well has now been abandoned. The Company, along with its partners in this well, are still reviewing what next steps they should take regarding the Pirity Licence. It is highly probable that the Company will decide to terminate all exploration activities in Paraguay which will lead a complete write off of the Company's investment in that country in the current financial year.

[nafnaf3] 18/4/2024 08:38

Massive lost here too but 50/50 on buying more at these prices and hope it eventually comes good but obviously concerned about delisting & how to buy/sell shares off market??? One thing that bothers me so much is Paraguay Drill was suspended but equipment remains on site??? Everyone presumes duster but nothing offical therefore these shares could still be the golden ticket but wishful thinking I suppose. Still massive undervalued regardless but too many smoke & mirrors for serious investors

[robo63] 18/4/2024 08:14

Victor,
Unfortunately I'm in a similar boat and probably more underwater if you consider I sold a 1977 911 turbo with 30k on the clock to buy more mrp, current value around 130k. 😔 PL is 🍆

[brasso3] 17/4/2024 15:49

Nice to see you still around Victor.

I think it was 12 years ago when we met at the MRP AGM/EGM. What a sad journey its been with this one since those Steve Gutteridge days.

[victorfromportugal] 17/4/2024 15:46

I have lost 120.000 £ + since 2007
on Meridian Oil and then PPC

My biggest regret is shaking hands with Peter Levin around 14 years ago at the end of an AGM and he looked me int he eye and said "I will do everything in my power"

Since then there was never any oil found in Paraguay and ATOM is a basket case too with no funding in place .


AIM is a disaster full of private placements .

Terrible outcome !

And Peter Levin has never been diluted at 29.90% and holds millions in Loans through the different companies.

His aura gained from Imperial Petroleum was a fad. It never re-materialised.

Brasso and me know the PPC story. It is ugly!

[masergt] 16/4/2024 19:55

With Argentina income miraculously now funding the group, what's the chances of PL redomiciling MEN/GHC/SAF/Hyso/DualFuel/Aton6 to Switzerland for his own tax purposes?

[citys2874] 16/4/2024 14:53

wow this and TYM flying ...could be massive afternoon mms letting go

[officerdigby] 16/4/2024 13:07

No ramp intended! Lols ramp. Into cancellation.!

[mcunliffe1] 16/4/2024 11:16

Zen12: Thanks. Matched Bargain Facility. Get the drift now.

[piperpeter] 16/4/2024 11:02

no ramp intended....

nafnaf3, what you state is incorrect.

Atome (at current 61p Share price) is valued at GBP 24.7 million, which means MEN's 18.4% holding is currently worth in excess of GBP 5 million.

Or, put another way, 40.7 pence per MEN share.

Pp.

[nafnaf3] 16/4/2024 10:36

The current value is £1.4M at 12p a share.
The ATOME percentage is worth £2.4M plus Paraguay drilling is suspended, could still be £Billions in proposed oil fields as well as all other projects (CHG..etc).
I'm also down 90% but can half understand why PL leaving AIM with such a ridiculous low share price

[zen12] 16/4/2024 10:33

It can't get removed without giving shareholders notice first. So you can decide to sell or hold at that time!

[wakeland] 16/4/2024 09:10

Well he is not getting any younger + we know he only ever looks out for number 1. It is not worth me selling, in fact I took my last ridiculous gamble on ppc/mrp/men & avereged down at 7p. Reasoning being I am hoping he has everything lined up to incorporate these new companies, finance etc. & hopefully he is looking to turn the whole shebang over for a quick & lucrative sale/profit. Maybe he will find a way of cutting small holders out I don't know but I am in this for about £15K so one last (probably futile) throw of the dice.

[zen12] 16/4/2024 09:06

Matched Bargain FacilityTo facilitate future shareholder transactions in the Company's ordinary shares, the Company has appointed JP Jenkins to provide a matched bargain facility, which will be available from Cancellation.

[mcunliffe1] 16/4/2024 08:50

rizzzla: Hello. A bold statement. I consider anything to be worth only what somebody is prepared to pay for it. Can you please explain what you mean by 'off market', why you think they'll be worth more than 'on market' (by default) and how would you sell these off market?

Whilst I do not hold MEN I do hold three small packets of ATOM and I feel I may be in the same position as MEN holders at some point.

My questions are genuine and not designed to trip you up. I genuinely want to know.

Thanks in advance.

[rizzzla] 16/4/2024 08:39

They will be worth a lot more off market

Ile be holding

[pecuniary] 16/4/2024 08:20

That’s a great question-does anyone have any experience of a similar scenario to this?

[nafnaf3] 16/4/2024 07:08

Anyone holding onto the shares & if so is it easy enough to buy/sell?

[brasso3] 16/4/2024 06:17

It wont be hard for him to perform the same trick with ATOM now.

[shabs2] 15/4/2024 22:18

96% of shares cast voted in favour biggest corruption ever! Tosssser Levine got his way!