Mayan Energy Share Discussion Threads

[timw3] 16/11/2017 07:56

Shows over

[bullet ant] 16/11/2017 07:56

I MAY BUY SOME AT 0.3P

BA
STEALING IS GOOD

[113mike] 16/11/2017 07:56

Sellers & traders will knock the share price then will top up again!

[113mike] 16/11/2017 07:54

Yep..thats ok with me for now..look forwards to cash flow pos+ £ profitability at whatever level!

[babbler] 16/11/2017 07:52

Mike we only get 8.3 percent of that but yes still good.

[113mike] 16/11/2017 07:52

SP will take a hit to begin with but look at whats in store for the coming months?o 1,000 barrels oil per day ("bopd") targeted by February 2018;o 5,000+ bopd targeted for 2019 -expansion to 2,500bopd and 5,000 bopd expected to be largely debt funded;o 6 months continuous production at 1,000 bopd triggers upgrade of a materially significant portion of the existing 87 MMSTB Contingent resources to P1/P2 reserves.-- Low cost/high margins: anticipated all in costs of US$18-25 per barrel ("Bbl") expected to generate netback margins of US$15-20 per Bbl (at US$45 Bbl oil);

[babbler] 16/11/2017 07:40

Sell and move on then.

[croasdalelfc] 16/11/2017 07:36

So Mayan get 83 bopd out of Asphalt Ridge when they get to 1000 bopd.And some working capital .Not impressed

[babbler] 16/11/2017 07:34

Ignore them. They sold and will be looking to buy back as cheap as possible. 0.6 is now the Base. Imo. See what happens on open. Probably drop and won't let you buy as usual. Whilst they rob some idiots. Hey ho. Not selling now with all the news flow expected. Now do the math. Even with the news shares mcap only 6.8 mil at 0.6.

[someuwin] 16/11/2017 07:31

Charlie Wood‏ @charlieawood · 2 minutes ago

Fully funded to build out production to 500 bod + and huge value unlock to come with Utah heavy oil production plant coming on stream in 2018 #MYN …

[jayj4u] 16/11/2017 07:27

Guys Guys!! CHILL OUT! The deal was done when the stock price was 60% below 0.006p! Not when the stock was trading at 0.008p! Read the news again. Very good investment!

From the news article:-
The Placing was arranged by Mayan and Novum Securities Limited and the Placing Price represents a premium of 60.5% to the Company's 30 day VWAP.

[brasso3] 16/11/2017 07:26

I did not do as well as you. Sold out at 0.85p. Might take another look if it goes below the placing price.

[jungmana] 16/11/2017 07:25

Brass - I agree with you there. This is why I sold out my small position here at 0.9p. Something just was not right in the sudden PR ramp up

[strongbuy] 16/11/2017 07:23

Wow, this must be worth a lot more now imho?

[jungmana] 16/11/2017 07:23

Well, there is always a reason for placing.

[babbler] 16/11/2017 07:21

For an acquisition. Not for fun...

[jungmana] 16/11/2017 07:21

432m shares placed at 0.6p.

[keya5000] 16/11/2017 06:58

Soon find out, if it comes and it speeds the growth curve up all good.

[jamdan1] 15/11/2017 20:04

We had one last month. Surely no need for another one so soon

[spagnolia] 15/11/2017 19:28

Company is growing and looking to be more wells on line so funds are crucial to speed up development and increase the BOPD...

[tomboyb] 15/11/2017 19:22

£1mill GBP raised at 0.60p would only be 175million shares -

Not huge at all in the overall context of things and if they can achieve 500BOPD then it should go past 1p -

If there is a placing then I'd like to see a note from Align as well -

[cashandcard] 15/11/2017 19:11

I'd say it's probably gonna happen. Also, I don't think anyone here doubted a fundraiser/dilution was going to happen. Align research even mention it in their note - hardly a secret. The key here seems to be, enhancing the new assets. Not just trying to survive.Cash

[patientcapital] 15/11/2017 18:22

If it is true then it will be at a 100% premium to the previous one. Every cloud, eh?

[patientcapital] 15/11/2017 18:20

To be clear, this story is RARE! For readers unfamiliar with the RARE concept I will define it below.Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.