Mayan Energy Share Discussion Threads

[113mike] 13/8/2018 14:16

Hopefully good news about to be released?

[113mike] 13/8/2018 14:15

Nice, let's hope this is the start of a recovery of sorts!

[brasso3] 12/8/2018 20:06

The link to the above is below. :)

[lab rat99] 09/8/2018 11:59

He dithered getting the funding in place by the agreed schedule, breaching the agreement and allowing Petroteq to revert to issuing shares instead. Shareholders where told that the stake was independently valued at $4m, meaning Deloro total stake was valued in excess of $20m, should have been easy to attract investors.

He has dithered in getting the extra leases required to increase production and in doing so has likely had to pay more due to the oil price increase and in the process wasted the best weather window for doing the workovers.

Have to wonder how much time is allocated to MYN. Nine months plus and only 5 workovers completed, glacial pace and once again the lack of revenue has resulted in placings, Eddies time at the helm has putting it mildly being a disappointment and largely filled with talk and little action.

[malctim70] 09/8/2018 11:35

49% of 1k+bobd is mega bucks and the potential was not lost on MYN bod members.
Not convinced for a minute though that the deal was not completed due to Eddie's dithering
If, as I suspect,it was due to lack of money, where did they plan to obtain the rest of the $10m?.....was it loans, outside investor or did they plan to bleed MYN further with another crippling placing but the falling share price prevented it....

[nicosevos] 09/8/2018 10:24

Align Research
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@AlignResearch 7m7 minutes ago

Ref Mayan Energy #MYN It does not come more oversold than this - Set up - PQE moving to main list & warrants now in the money, BLOE news due shortly, mr £1m cash on bal sheet, creditor selling overhang drying up & production update from own US fields.

[lab rat99] 09/8/2018 10:23

Anyone trying to claim that holding shares in Petroteq is better than holding a percentage in Asphalt ridge should be ignored. There is no comparison it is by far and away better to hold a direct stake in Asphalt ridge that is why Petroteq cancelled it at the first opportunity that Eddies dithering presented. Petroteqs share price increased and MYN fell when the deal was announced.

MYN $1.5m investment in Deloro is currently down by around a quarter of a million. Deloro had the option to take up warrants earlier but did not. The question MYN shareholders should be asking is how much did the board in this related transaction pay for their similar holdings in Deloro? It was not $1.5m that is for sure. Some parties have done very well out of this deal and as yet it is not MYN who are still sitting on a loss.

[spawny100] 09/8/2018 10:23

Pleasant surprise. Somethings up lot of buying action.

[nicosevos] 09/8/2018 08:55

‏

@fairenough11 4m minutes ago

#MYN When Petroteq PROVE UP the EXTRACTION TECH AND list on Nasdaq, could see telephone numbers,it's then we see the benefit of holding a STAKE as opposed to bopd rev share.Could be one hell of a positive change that for MYN.
#aim #oil #gasfair enough added,



ors @orslega

#MYN have 1,038,000 Petroteq shares (17.3% x 6M) = £1M value today (PQE Closing Can $1.62) - plus 1M Petroteq warrants at US$0.91 - so after conversion US$>Can$ Mayan are today "in the money" of £262,000. Total value to Mayan £1.262M. More coming soon : )


keya5000
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@keya5000 22m minutes ago


Added today #MYN can’t see the share going any lower. Placing at 0.6 only a matter of a few weeks ago. Nice 20-30% gain before the placees are at breakeven. Good opportunity.

[nicosevos] 09/8/2018 08:07

Align Research
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@AlignResearch 12m minutes ago

Ref Mayan Energy #MYN Feels like the incessant selling of last few months is finally drying up. We are due a production update soon which we expect will catalyse a re-rate back beyond the placing price of 0.6p. Adjusted for cash, BLOE stake & PQE rump biz valued at just over £4m.

[costax1654x] 08/8/2018 15:03

Check BigDISH recently listed on LSE,5 mil mcap,Ex Just Eat Ceo.Like Asos of food.I have a feeling of 10-20 bagger ahead

[malctim70] 08/8/2018 14:49

Problem is 113,that MYN's PQE shares are being held in a private ltd co, over which stock market regulators have no control
If it was one day declared Deloro's holding of PQE had been sold and lost, MYN shareholders would be the last to know
That's why MYN share of PQE and warrants needs to be back in MYN hands

[grannyboy] 08/8/2018 09:52

Asphalt Ridge is all very well...but when are these going to get their own assets producing?!!!!!

[113mike] 08/8/2018 09:06

I have some PQE and am looking for good things there to benefit directly from AR...Extract below..."Following the June 14, 2018 "first commissioning oil production" of Asphalt Ridge's first train, Petroteq anticipates operating the plant at a "ramp up capacity" by the end of July, which would prove the design capacity of 1,000 bod. At this time, the Company will be completing a two-week reliability test of the plant running in excess of 80% capacity".Should hear imho within the next week or two confirmation which should have a pos+ impact on MYN.

[grannyboy] 08/8/2018 08:50

Yes and maybe Eddie does not have the capacity to divide his abilities between two company boardrooms!!

[malctim70] 08/8/2018 08:44

PQE must have been impressed by Eddie's business 'talent'....they appointed him to their BOD.....sorted

[113mike] 08/8/2018 08:07

another big placing/dilution coming up? not looking good atm.We need that promise of lots of "exciting" news over the summer & autumn to be released now!

[spawny100] 07/8/2018 14:28

Fair bit of buying going on tho. Mr 500k is back.

[grannyboy] 07/8/2018 10:52

Yes EDDIE needs to get his fricking finger out, if he can't then someone who can..

[spawny100] 07/8/2018 08:52

Kin ell normal MYN service resumes..