Magnolia Pet Share Discussion Threads

[sleveen] 26/4/2017 07:13

This really is a keep the lights on fund raise $63k:

"In addition, the Company is pleased to announce that certain directors and
management have agreed to subscribe ('the Subscription') for new ordinary
shares in the Company which, in aggregate, totals US$63,000 (approximately GBP
49,000). The Subscription shares are being acquired at 0.12p per share,"

Looks like MAGP couldn't raise any cash from even the bucket shops.

When will MAGP announce a delisting from AIM?

[sleveen] 25/4/2017 07:55

You stated MAGP are generating cash, you must have your own figures to back that up.

I don't believe that cash is being generated at the PLC level where it matters.

[temmujin] 25/4/2017 07:53

you tell me..you seem the expert?

[sleveen] 25/4/2017 07:51

How much cash is being generated?

Is that at the operational or PLC level?

[temmujin] 25/4/2017 07:49

why funding when they are generating cash sleveen?

[sleveen] 25/4/2017 07:48

This is being pumped so a placing can be done; need the share price to be higher than the nominal price of 0.1p.

So if share price goes to 0.14-0.16p post pump, a discounted placing of say 0.105p would be feasible. Though I doubt that substantial funds could be raised.

The finacial position should make interesting reading once the R&A are released.

IMHO.

[temmujin] 25/4/2017 07:43

it was 1p two years ago...£18M market cap wouldnt be unfair would it?

[cgod] 25/4/2017 07:25

May well be worth a punt now temmujin.

[temmujin] 25/4/2017 07:23

GREAT RNS TODAY

[failedqs] 21/4/2017 10:24

temmujin - there's more chance of Corbyn being PM than Magnolia staging a rally to 1p.
Its as f#cked as a f#cked thing, that's just been f#cked.

[temmujin] 21/4/2017 08:52

MORE LIKE RE RATE 1P

[reallyrich] 21/4/2017 08:46

pop or go bust

lol

[temmujin] 20/4/2017 15:43

big buy oder being filled..should pop later

[failedqs] 04/4/2017 08:24

Steven Snead has gone - surprised there hasn't been a clear out before now.But little or no cash and assets that are probably worth next to nothing - is the end in sight ?.......

[sleveen] 21/3/2017 08:01

temmugin

Plenty of gas in the Marcellus, Utica Permian and Bakken to name but a few basins.

[r g fletcher] 21/3/2017 07:55

PS. it CANT do a placing under .10 it MUST have the shares above .10 for several days in a row in order to be allowed to do a placing.

This is why it recently employed BB pump and dump experts to fraudulently pump the share price in a desperate attempt to pay Ritas wages next month.

[temmujin] 21/3/2017 07:50

does magp have any gas wells? gas shortage in america just been reported

[sleveen] 21/3/2017 07:38

Placing due anytime now.

[failedqs] 21/3/2017 07:35

Money Monster - I've no idea what chart you're looking at, but with the utmost respect, I'd suggest you look again.
I'm very familiar with this company - I took part in the original floatation of the company and sold out at a decent profit, and have kept a close eye on it. In my humble opinion its totally f#cked. Rita is banging the same drum as always, but I'm afraid the latest ramping is just an attempt to raise more cash to get away another dilutive fundraising from poor private investors.

[money monster] 20/3/2017 20:45

In a nice uptrend(creating higher highs and higher lows).

[papillon] 20/3/2017 20:28

The Oil price is heading for a sharp fall
By David Scott | Monday 20 March 2017

High market prices are currently being supported by OPEC cutbacks, and these higher profits are funding the growth of American drilling. American oil explorers who survived the worst of the 2014-2016 market sell off are dismissive of the 14 percent slide in prices this year from a high of $55.24 to around $48 a barrel. The price would have to drop to the $30s or lower to dent the bottom line of many drillers now working U.S. shale fields, according to Katherine Richard, the CEO of Warwick Energy Investment Group, which own stakes in more than 5,000 oil and natural gas wells.

A number of producers have already locked in future returns with financial contracts that guarantee the price of their oil for most of the rest of the decade. Such resilience poses a big dilemma for countries that agreed to an OPEC-led production cut aimed at tightening supplies to raise prices and relieve their distressed national economies. Oil prices took another hit on Tuesday after Saudi Arabia dropped a bomb shell on fellow members of the Organization of Petroleum Exporting Countries.

The Saudis, heavyweight of the 13-nation cartel, raised its output last month to more than 10 million barrels a day, reversing about a third of the cuts it made the previous month. Though Saudi Arabia is still meeting its commitment even with the increase, other members are way off hitting agreed quotas and the disclosure intensified concern that the group won’t be able to meet the promised cuts to strengthen the market. History shows that OPEC members’ normal cheat and the quota break down.

- See more at:

[lord gnome] 19/3/2017 22:06

Avoid, avoid, avoid.