Mayan Energy Share Discussion Threads

[sleveen] 22/11/2018 09:09

Will MYN do a MAGP...probably.

[nicosevos] 22/11/2018 09:06

QFEQ still in control.
The question is, when, how many, and at what share price ....

[babbler] 20/11/2018 11:58

Be even worse when you see bloe above 4p next year imo.

[lab rat99] 20/11/2018 11:14

Thats the first "investment" sold to pay for Charlies Christmas. £100k loss, well done. Which clown was the Chairman when this was proposed? Petroteq will be next to keep the lights on and pay for the very reasonable salaries of the extremely competent board.

[nicosevos] 20/11/2018 11:04

Woooow that was short lived.....Cantor back on the offer.
Hmmmmmmmm

[nicosevos] 20/11/2018 10:59

There you go....

[jamdan1] 20/11/2018 09:05

Can you explain ?

[nicosevos] 20/11/2018 09:03

Sellers pushing share price down, CFEQ not giving up pole on the offer.....
Hmmmmmmmmm

[spagnolia] 19/11/2018 13:37

Nicos you mean people are buying alot more? I noticed this......

[nicosevos] 19/11/2018 12:22

Cantor are the MM to keep an eye on.....They're on the offer,
shifting more than just churn,imo......
I'm just saying......

[bad gateway] 16/11/2018 10:30

Thats likely better news for BLOE than for MYN, Weren't they forced sellers they sure smashed the share price over there.

[croasdalelfc] 15/11/2018 16:58

They have sold out of BLock energy -see 8.5m trade today. £200k

[smraynot] 13/11/2018 16:33

RNS tomorrow? Think there is a very good chance.

[mkmmkm1] 12/11/2018 09:06

For all those that supported Wood and current management is it not time we called them on their abstract failure .... 5 weeks since supposed commencement of asset review and still no update or revised strategy for generation of shareholder value.... about time they put up or shut up and start to deliver

[neo26] 09/11/2018 09:55

Oh dear you are trolling this thread also, Torp.Shame

[lab rat99] 03/11/2018 15:59

Its obvious from the posting styles, its like a ramping tag team. The clincher was when they "both" arrived at the ludicrous valuation of $25m for Shoats creek. It is of course entirely possible that two separate individuals have remained unwavering positive over four years despite many failings, numerous dilutions and decimation of the shareprice and received nothing in return for this.

[torp] 31/10/2018 18:30

labrat - "his behaviour on LSE posting as helpful and orslega was always that of a paid ramper"

Are you saying a proven multi-alias? Any source ref?

[lab rat99] 29/10/2018 09:29

Anyone thinking of investing here with Charlie Wood in charge needs their heads examined, he has already demonstrated that he is more than willing to risk MYN cash to line his own pockets.

MYN have lost $900k on the Delero deal while Charlie Wood has made $600k, a bit one sided considering MYN took all the financial risk imo. Cannot be trusted to use shareholders funds for shareholders benefit. What horrors will the asset review uncover. Remember the bin man thought spending $400k at Shoats creek was a good idea, given away for nothing not long after. Does not bode well for his judgement.

Not surprised about Stephen Lundy, his behaviour on LSE posting as helpful and orslega was always that of a paid ramper.

[fishermandude] 28/10/2018 18:02

Not a chance this company can get a placing out with all the stink surrounding it. That said, the Chairman needs to lead and arrange a meeting with all warring and other key parties (Align, major shareholders, Broker, NOMAD, et al).

Sort out differences and see if a resolution that leaves the company intact; stops the daily drum beat of scandalous news and allows production to be moved forward can be found. I hear and read rumours and innuendo suggesting that lawsuits and other that could drag this war on for months on end are in play.

If things go the path of endless warring the share will get valued down to shell levels which will lead to another 50-75% loss of share price from current levels.

If things continue as they are the company will simply eat through its investment value with nothing to show as operating costs, audit costs and legal costs destroy all value in place from the investments.

On the other hand, if all parties truly care about the shareholder as they should, an all parties meeting to sort out the matter seems to be a reasonable solution.

[grannyboy] 28/10/2018 17:28

Don't need to subscibe...could there be a placing coming?...

[torp] 24/10/2018 16:06

Belated thanks for that info Labratt. Cheers.

[lab rat99] 18/10/2018 18:58

Torp

It was a production payment of $10 a barrel up to $4.5m in total needless to say Aminex will have received very little of this.

RRR should not be liable for this as it was not transferable and Aminex took a percentage of any sale of interest from MYN to recover this. The P&A liabilities will be hefty as there are a lot of legacy wells on Shoats Creek that require sorting up to modern standards. Cost for this is around $80k per well. One thing RRR will still be paying is the management fee to the operator which was around $1200 a month per facility ie each well, tank batteries, gas lines etc.

[jamdan1] 16/10/2018 13:48

Wow....that's a big buy