Mx Oil Share Discussion Threads

[mostyn] 16/5/2016 16:07

Looks like there is still a big buyer today.

[njw2] 16/5/2016 16:03

Ruedolf; back to school for you. He has bought 40 million shares total? Value today is 280 k gbp. Where did you get 3 million from ?

[socktrade1] 16/5/2016 14:08

Yep, Dr HON is certainly no fool, and is very shrewd , and well known for his investments.

Cambridge educated and has had a lot of success, the Chinese in general are not stupid

[socktrade1] 16/5/2016 14:08

Yep, Dr HON is certainly no fool, and is very shrewd , and well known for his investments.

Cambridge educated and has had a lot of success, the Chinese in general are not stupid

[aimsharesone] 16/5/2016 14:06

AERO multiple news releases contracts ON THE WAY

Strat Aero working on international expansion Published on May 16, 2016
Perran Bonner, a director at unmanned aerial vehicle (UAV) service specialist Strat Aero PLC (LON:AERO), says the sector is a “very exciting” industry to work in. …
“We are less about manufacturing and more about physically using them (drones) to provide survey inspections,” he says.
The company mainly works in the flood defence sector, and is currently working on one of the largest river networks in the UK, Bonner says, adding that it is looking to increase its footprint internationally.
The company also provides drone consultancy and training services, teaching others to operate UAVs, and this, Bonner says, gives Strat Aero more potential partners for its services in the long-term.

[ruedolf] 16/5/2016 13:42

" ZENGAS 13 May'16 - 08:33 - 2166

Agree ok for traders but as an investment not a chance, it has to be one of the worst and most diabolical companies on the market re hopeless management and performance. "

Dr Hon is one of the shrewdest business men around and I doubt if he's here for a quick day trade with 40m shares.

Chinese business men are known for their ability to pick a bargain.

No doubt he did his due diligence and determined mxo was worth investing in ahead of hundreds of other oil companies and even ahead of many of his own companies.

"Global Group will look to float some of the 40 companies on its books in the near future. ‘I get satisfaction from growing a business from a start-up to an IPO,’ comments Hon.

China-focused Hon is inundated with prospects, including copper and gold mining companies and alternative energy plays. ‘There are more deals to be had in Hong Kong than capital, so you have to be selective,’ he says, adding that it’s now easier to raise funds in China, Hong Kong and the revamped exchange in Singapore than the UK. "

[socktrade1] 16/5/2016 13:21

Comms with SO last night, he said he will be having meetings with the other partners at AJE and also a meeting regarding the off take agreement, in the coming days. I am expecting a juicy RNS and of the week ,topping up as the week progresses. I just can't wait for the RNS, ideally i want to see 0.90 pre RNS, will we will see it? who knows but my target remains 1.80p in the enxt week or two, a 200% rise on the cards here imo

[njw2] 16/5/2016 10:49

0.6 offered by close today IMHO.

[njw2] 16/5/2016 09:12

I should add , an aledged fraud as per share prophets. But you get my drift . Would have prefered a higher calibre investor .

[njw2] 16/5/2016 09:05

Oh Yeh sock trade gate ventures. That massive fraud. Great .

[socktrade1] 16/5/2016 08:54

Did you guys see the RNS today? Johnny Hon the Chinese investor who was part of the gates venture group that took it from a $3m company to a $3 Billion company, he has over 5% of the company. Avery wealthy individual

www.johnnyhon.com

[toolsmoker] 16/5/2016 08:19

ADL below placing big buying op this morning easy return over next few weeks

[andy] 16/5/2016 08:19

socktrade,

OK thanks for that, we await the flow rate news with interest.

[toolsmoker] 16/5/2016 07:53

Back to placing price today most likely before news this week or next

[toolsmoker] 15/5/2016 20:33

Check ADL out guys news this week been told at rock bottom price also think 100% upside in next few weeks easy

[socktrade1] 15/5/2016 19:33

Dave yep i saw it in the dailymail, guys if you have not yet listened to the podcast it's on www.sharepickers.com podcast number 479

No placings... in the near term he categorically says this and we are now producing , just waiting for flow rates. This is a very important week and we are imminently awaiting transformational news. gla

[socktrade1] 15/5/2016 19:31

Andy...I have it on good authority (from the horses mouth, which you can all email him and find out, he is very responsive) that payment to cornhill is only due after they have cleared the balance sheet of all loan notes.

SO is flying out to Nigeria .. Tomorrow or the day after..

The wells are currently being tested with different choke sizes being applied and simulations being run to optimise the stabilised flow rates.

They are very confident and obviously know what it's flowing by now and although he has not said anything about this as he legally he can't its very obvious that the flow rates are v. good. lgo i believe is producing 550 bopd and they are an £11m MC and billions and billions of shares, we should expect at £15m MC in the very enar term so expect 2p but my target is now 1.80p plenty of upside

[davethechef] 15/5/2016 15:58

Nice several-line write up & share price chart in the Daily Mail, yesterday; should encourage further interest & buying next week

[toolsmoker] 15/5/2016 15:04

Sock trade I agree on most of it I think the flow test will be back end of the week maybe beginning of next week

[andy] 15/5/2016 14:58

socktrade,

After all the fiascoes here I wouldn't be confident of anything, except management and Cornhill will continue to gain and investors continue to get diluted!

Caveat emptor

[socktrade1] 15/5/2016 14:11

I can see a continued rise right up to flow rates RNS, which i think will be at the end of the week from my comms with SO , not that he has told me this but from our comms i beleive this to be the case. I'm not so sure now if we will hit 1p pre results, perhaps 0.90 but once the flow results RNS lands then its fair to say we should double from 0.90 perhaps in a few days and not on the day of the RNS, i have a target here of 1.80 and a time frame of 2 weeks on this, its not optimistic as this would mean a MC of around £14-15M which is very possible unless something goes wrong. GLA

[aimstocks1] 13/5/2016 15:33

buyers all over it like a rash This might explain why we have a big buyer.
… …

[toolsmoker] 13/5/2016 15:03

I agree I'm a buyer now think they may turn this round now

[ruedolf] 13/5/2016 15:01

"ramas 13 May'16 - 12:07 - 2182 of 2183 0 0


I find myself mellowing to the MXO story ...... "

Whats not to like here !

A cash cow for the next 20 to 25 years

Step change increase in cash flows 5m per year to 10m per year to 20m per year based on completion of phase 11 and 111

Oil price on an upward curve.... an oil price at $75 per barrel effectively doubles the above cashflows

The company is now recognised by the nigerian government as an operator in Nigeria opening up possible further investments in Nigeria

The company ditched Geo in mexico and can now go it alone in the next bid round with the possibility of reapply for the fields in won previously but this time looking for 100%. It also buys time giving the company time to build up cashflows before taking on Mexican licences.