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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Madagascar Oil | LSE:MOIL | London | Ordinary Share | BMG5738R1016 | COMM SHS USD0.001 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.45 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
19/2/2016 06:14 | The way I see it. Use the social media to expose the fraud. The "partners" want the company private for the huge gain. Once the company is private the partners will come forward like worms out of the woodwork. After all at the moment it the shareholders company | saturn5 | |
19/2/2016 06:14 | The way I see it. Use the social media to expose the fraud. The "partners" want the company private for the huge gain. Once the company is private the partners will come forward like worms out of the woodwork. After all at the moment it the shareholders company | saturn5 | |
18/2/2016 22:05 | Hmmm wonder if Simon was long or short here? Finding company's that are short on funds are what he is good at. would be surprised if he was long. | theclangers | |
18/2/2016 19:43 | Gutted ,really thought this would be that retirement share that one looks for. Feels we really have been sold out by the bod. | aimshares | |
18/2/2016 19:16 | Thats basically it Squire,the more i read the more i sense that the BOD are corrupt. the asset is virally worthless in the hands of the current BOD | john henry | |
18/2/2016 19:11 | this company was never ramped up, i along with others posted material here recently showing MOILS potential, it was all true, mainly cut and pasted from the company web site, brokers reports and news pieces. People read the info and realised the company was cheap, they bought and the share price went up a little, but still well short of its potential. Well short. Then the company made an RNS in effect blaming the rise on blogging sites like this one. They never mentioned the just and natural effect to the share price of investors moving in ahead of good news, ie the imminent Environmental Permit. This permit had been flagged by the company for years as vital and financially empowering. Today the Permit was granted and THEN the company tells us it may have to go into liquidation or delist from AIM in order to survive. This cannot be legal, the shareholder with 60% is apparently able to put us in this position if i have read correctly. Anyone any view? | squiresquire | |
18/2/2016 19:10 | Imhp Robert Estill has let shareholders down badly. | john henry | |
18/2/2016 19:03 | there is nothing wrong with this company except its assets are so huge its just too tempting. This stinks. | squiresquire | |
18/2/2016 18:36 | we have been shot again pump and dump on a large scale intention may have been coming for some time a man with an oil blog was pushing this company as one of the best to get into price drop has come before PIs can sell MANIPULATION I say AIM is a disaster arena I admit to being a clown I get sucked in by posters and by oil writers who should know better but have a total lack of thought and responsibility. Why do posters on ADVFN threads give opinions but know little about the fiddling going on. Thank goodness I got out of AFR and GKP. AIM is a minefield | saturn5 | |
18/2/2016 18:20 | I held this share over time in different amounts. I sold recently when it spiked up to 6p. I had my suspicions when Robert Estill said in the proactive investors interview "we're signing a contract basically now" and none emerged. There was never any clarity about that definitive statement. There was always a danger that they would take the company private which it appears they are now doing. | sceneit | |
18/2/2016 18:09 | Henry sorry to hear that. I suppose you bought in the dead cat bounce. We all make mistakes, sometimes it costs load of money, count this as a lesson unfortunately. These crooks objectives is to get mugs to pay for all the infrastructures, sometimes it's long time project then they will kill the company with debt. That's how Aim operates | the infidel | |
18/2/2016 18:01 | MOIL's prospect By StockMarketWire | Thu, 18th February 2016 - 09:46 Madagascar Oil is facing the possibility of having to delist from AIM if it agrees necessary funding with major shareholders who also constitute lenders representing about two thirds of the company's loan value. Following talks in January and early February, the company's lenders advised they were not prepared to provide the full amount available under the Second Tranche of the Bridge Facility, but some had indicated they may provide some further funding, subject to additional conditions. At Dec. 31, 2015, the company had about USD2.8m in available cash and USD1.5m trade and other payables due during Q1 2016. It urgently needed to secure additional financing in early 2016 to continue operations and to allow the company to operate as a going concern. "The terms of any further financing, which may be in the form of equity or further debt, are still being discussed with the Relevant Lenders, but one major condition being imposed by them in the discussions is that the Company agrees to call a Special General Meeting to propose the delisting of the Company from AIM. "An update with regard to these negotiations and any further funding will be provided in due course. "Shareholders should note that, should agreement not be reached with the Relevant Lenders and Relevant Lenders do not agree to provide further funding to the Company, or they call an event of default pursuant to the terms of the Bridge Facility, the Company would urgently need to secure additional financing. "In the absence of alternative funding being made available, the Board believes that it is probable that the Company would become insolvent and would need to seek a winding-up order in the Bermudan Courts in the very near term. "Should financing be secured from the Relevant Lenders, shareholders in the Company should expect that the Company would call such a Special General Meeting to approve the Delisting. The Delisting would require the approval of at least 75% of the votes cast in the Special General Meeting. "Relevant Lenders who have insisted on the calling of this Special General Meeting, as a condition to any financing, currently represent approximately 60.5% of the existing common shares in the Company." The Company is also pleased to announce the granting of the Environmental Permit for the Tsimiroro Block 3104 Phase 1a Exploitation by the Office Nationale de l'Environnement ("O.N.E.") of Madagascar and the signing of the Environmental Management Programme ("PGE"). This is the first Environmental Permit issued for an oil exploitation project in Madagascar. At 9:46am: (LON:MOIL) Madagascar Oil SA share price was -1.25p at 2.25p | theclangers | |
18/2/2016 17:51 | If they have to use steam to get the oil out in any quantity, Its likely, they are just not competitive enough in this new world of low oil price, any purchaser of the oil is probably going to play hard ball. Who else are they going to sell there production to. | theclangers | |
18/2/2016 17:47 | Oh yes it will. Are PIs interests a priority? | sleveen | |
18/2/2016 17:32 | With this permit, Madagascar Oil's goal is to be an exemplary company in the petroleum industry as we proceed with the Tsimiroro field development wont be much of a co. if they have stiffed pi's just to make an extra wee bit themselves??? | comedy | |
18/2/2016 16:56 | About 60% TI Would appear the Lenders have lost patience with the company regarding pursuit of a partner. Lenders are going to pick the assets up for SFA and guess who will be heading up the new company. YEP RE | john henry | |
18/2/2016 16:50 | Henry what's your % loss here? | the infidel | |
18/2/2016 16:32 | Well if their intentions has been to capitulate PI then they have succeeded. MKT cap 8M | john henry | |
18/2/2016 16:16 | very likely some one will hoover up as many shares as they can for 0.1 close to the end. | theclangers | |
18/2/2016 16:09 | lol ok bullet...think my horsehill horsies may just surprise you after 2 years who knows??? but if this is falling over why you here?? | comedy | |
18/2/2016 16:03 | Comedian I remember the days you trading in chunks of £100K on QPP and Yell. Now it's in chunks of hundreds squids. It's time to give up mate | bullet ant | |
18/2/2016 15:24 | jh...either we have bet on the horse and it will come home...or they will stitch us up...fallover..."big boys " with the loans seize co. and then relist and we are all given??? 0% 5% or wait 2 years and we keep our shares??? who really knows???? i will just sit it out...emerald energy i bought £3k when they were in columbia...they then did rights issue...ddint take any up...forgot about my shares...and i think it must have been almost 10 years if not longer when chinese bough them out...one day in rolls a cheque for £3k....so after i think it must hav ebeen 10 if not 15 years i got back approx what i had put in... so who knows what will happen here...but if they take a vote the vote will be in their favour as they own 90% of co??? | comedy |
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