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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mercom Oil | MMO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.50 |
| Top Posts |
|---|
Posted at 07/3/2016 11:17 by fillipe MCC - the new epic for MMO, from today.f |
Posted at 25/2/2016 00:30 by fillipe I make it 17.227m shares in total at MMO. Exactly, or closely thereabouts I reckon at least 62% are in the hands of the "over 3%'s"....probably a little more are now in that camp.So close to 5m to 6m shares (38% max) are in " free circulation" with sub 3% holders - total value at say 5p, only for now (!).... £300,000's worth, tops. A paltry figure once you start to divide that value by the number of folks who either already hold a slice of that £300k's worth, in which case even less for others,and the many folks who will be wanting a piece of the small remaining pie. Gl all and hoping the soon upcoming AGM will be hugely revealing. f |
Posted at 09/1/2016 16:12 by hedgehog 100 A company with a market cap. of £0.34M., as MMO is at 2p, has the potential to multi-bag rapidly upon positive developments.A market cap. of £3.4M. would not be unusual for an exciting resource play, and that would represent ten-bagger gains from the current level. That potential is not included in the price here, so a higher share price is absolutely appropriate. |
Posted at 02/1/2016 12:50 by hedgehog 100 The third highest riser on Thursday 31st. December, LIFE, has more than doubled recently from 2p (the same price that MMO is at now):LSE % Gainers Top Lists EPIC Name % GGP Greatland Gold +57% CLP Clear Leisure +46% LIFE Life Science De +43% Price Price Change [%] Bid Offer Open High Low Volume 4.88 1.475 [43.38] 4.75 5.00 3.25 5.25 3.20 3,492,079 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 1.83 37.50 1.65 -28.64 - - - 5.25 - 0.85 This shows the potential of oversold investing companies / shells like LIFE and MMO, at a market cap. of under £1M. and trading at a discount to cash. And MMO's discount to cash is a lot more than LIFE's was at 2p, and its market cap. a lot lower. |
Posted at 19/12/2015 16:27 by hedgehog 100 5bags,Why not debate maturely, instead of just coming out with that clichéd troll mantra like a parrot? MMO's investment met the AIM rules, and that is fact: "As a result of these investments, the Company was deemed to have implemented its investing policy for the purposes of Rule 15 of the AIM Rules for Companies." MMO has also just closed on the top leaders list for two days running, directly ahead of its interim results. That is a good sign, and suggests that some people disagree with you, and are prepared to put their money where their mouse is. P.S. Yes, there's been a £200K. asset impairment, but that's in line of the sector, so what makes you think it's a reflection of its quality? 30/09/2015 17:24 UK Regulatory (RNS & others) Mercom Oil Sands Plc Final Results "Our net asset value decreased to GBP0.12 per share from GBP0.17 per share in the previous year. Net assets value at 31 March 2015 was GBP1,428,492 compared to GBP1,818,865 as at 31 March 2014. The decrease was chiefly the result of the cash used in operations and the GBP200,000 impairment recorded on the investment in Lion Natural Resources Limited." |
Posted at 18/12/2015 20:38 by hedgehog 100 Another good day for MMO, closing for the weekend in third place on the top risers list:LSE % Gainers Top Lists EPIC Name % AGQ Arian Silver +40% ZOX Zincox +35% MMO Mercom Oil +31% Price Price Change [%] Bid Offer Open High Low Volume 2.13 0.5 [30.77] 1.75 2.50 1.63 2.13 1.63 164,966 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 0.37 17.23 -10.93 -4.00 - - - 7.50 - 1.00 John, The good thing about a micro cap like this is that you can buy a meaningful percentage stake for a very modest outlay. For a few hundred quid you can buy a thousandth of the company. Whereas to buy a thousandth of a £10M. cap. company would cost ten grand. |
Posted at 17/12/2015 09:55 by hedgehog 100 Currently second on the LSE top risers list today, up 0.5p to 1.875p:LSE % Gainers Top Lists EPIC Name % PROX Proxama +41% MMO Mercom Oil +36% Bodes well for the imminent interim results. |
Posted at 16/12/2015 20:45 by hedgehog 100 Keya,Any AIM company that declines to a value of about £250K. probably has similar fears accompanying it in some quarters, but those fears are sometimes misplaced. The investments made here were of sufficient quality for MMO to have been deemed to have fulfilled its investing policy. And as the company has fulfilled its investing policy, it can't been suspended or delisted for failing to do so. In addition, the NOMAD here hasn't resigned, which would damage its reputation and potentially jeopardise its business if this was a scam. I take comfort from the fact that directors have been paid in shares when there's plenty of cash: that's not consistent with this being a con. And there's no point them taking shares unless this is worth something, or else they just have a big stake in nothing. They are well-incentivised to deliver value here, so let's see if they can do so. |
Posted at 20/11/2014 11:19 by tez123 Mercom Oil Sands (MMO) Ultra oversold position could provide bargain hunting opportunityMMO Mercom Oil PLC Technical Analysis 201114 Although it can be seen from the daily chart of Mercom Oil Sands (LSE:MMO) over recent months the shares have certainly struggled to make headway, it may be that as we approach the end of the year bottom fishers will have an opportunity to get their teeth into a situation which could provide decent upside.Such an observation is said on the basis that not only does the price action here appear to be extremely overdone on the short side, the risk / reward of Bulls returning to the fray appears to be rather more palatable than it did even a few weeks back. For instance, the RSI now around the 13 level is extremely oversold and as oversold as it has been at any time over the past couple of years. This would suggest that we are due a significant snap back imminently, and that it may be worth being in place here on the long side from this point on. When you add in the way that this oversold state it appears to catch the stock at the floor of an extended wide price channel from the summer of 2013 and there is another driver for the Bulls.The alternative to straight bottom fishing would be to wait on a momentum buy trigger, which at this stage is seen as being ideally an end of day close back above the 20 day moving average at 6.98p, a feature which has capped the shares since as long ago as July. Above the 20 day line it seems fair to target the area towards the 200 day moving average at 13p /pre July support over the 1-2 months following any 20 day line break.Written by Zak Mir, Head of DirectorsTalk TA. Zak Mir is one of the UK's best known and experienced technical analysts, having over 2 decades of charting experience. |
Posted at 23/8/2014 09:50 by ryan83 been looking at this one recently. Particularly interesting is:-Askia Gold Limited (35% owned by MMO) Lion's major asset is its interest in Askia Gold Limited (www.askiagold.com), which has developed strong links between the Sierra Leone Government, principal Chiefs and local community leaders in highly productive gold production areas. The company is developing an alluvial gold project and has entered into various partnership agreements with a major mining company, investors and equipment manufacturers. It is projecting output of 25kg of gold per month for its phase one expansion which is scheduled to be completed during Q3 2014. It is expected that production costs will be 28 per cent. of output and scalable without increase in cost up to 60kg per month. This could be very lucrative for MMO:- Kg / month 25 60 kg /£ 27,157 27,157 total £ month 678,925 1,629,420 total £ annum 8,147,100 19,553,040 MMO % 35% 35% MMO £ month 237,624 570,297 MMO £ annum 2,851,485 6,843,564 Cost 35% 35% profit 65% 65% Cost month £ MMO 83,168 199,604 profit month £MMO 154,455 370,693 Cost annum £ MMO 998,020 2,395,247 profit annum £MMO 1,853,465 4,448,317 yep COULD mean £1.8m profit per annum producing 25kg gold per month!! Also Maverick Petroleum (MMO own 7%):- Investment in Maverick Petroleum Limited The Company has invested approximately £68,000 in 7% convertible debentures of Maverick Petroleum Limited ("Maverick"). Maverick is an unquoted oil and gas company focused on late stage development oil projects in north western African states with a focus in the Republic of Chad. The company is under the lead of its Chairman, Mr. Lutfur Rahman Khan and its President, Dr. Waseem Rahman. Mr. Khan and Dr. Rahman are experienced oil and gas entrepreneurs who were previously executives of Arakis Energy Corp. ("Arakis"). Arakis, formerly a NASDAQ listed company, drilled some 70 successful wells which significantly enhanced the value of the Heglig and Unity oil fields in Sudan. look here - "State through one of its associated companies, Maverick Petroleum Ltd., has signed an Agreement with the Government of Chad to develop Sidigui Oilfield and set up a 10,000 barrels refinery" "Seismic data in the Lake Chad area was acquired in several stages. Three prospects have been identified in the Sidigui area. Two successful wells were drilled and tested in the Sidigui field. Both wells were cased and completed for future production." I cant find the % interest to Maverick in this deal. But assuming Maverick have 50%:- BOPD 10,000 $ barrel 100 $ Rev per day 1,000,000 $ Rev per annum 365,000,000 $ Maverick 50% 182,500,000 $ MMO 7% of Maverick 12,775,000 £ MMO 7% of Maverick 7,665,000 BOPD 5,000 $ barrel 100 $ Rev per day 500,000 $ Rev per annum 182,500,000 $ Maverick 50% 91,250,000 $ MMO 7% of Maverick 6,387,500 £ MMO 7% of Maverick 3,832,500 They also have NWT Coal (MMO own 35%) The estimated coal resource (non-JORC compliant) for the larger concession is about 80Mt and for the smaller concession about 10Mt. However, these estimates are not based on systematic exploration. The local company is in the process of launching an exploration programme in order to establish a JORC-compliant reserve. Lets ignore any value here until JORC released (also coal market is poor, look at KIBO, STG, BHR). MMO have a market cap of £900k. They did have £1.3m as at Sept 2013 and also:- "In January 2013, the Group entered in to a contract to purchase 20,000 cubic meters of Gasoil at a price of US$775 per cubic meter. On entering the contract the Group paid a refundable deposit of £499,900. If the Group chooses not to perform on the contract, the deposit will be refunded. The contractor, at their sole discretion, has the right to impose a 2.25% fee for any amounts refunded for non-performance. As at 30 September 2013, the deposit remains outstanding." Admin costs are £133k for the 6 months to sept 13 = £266k per year. They spent £768k on investments including the above. So cash £1.3m less £768k investments less £266k admin costs leaves £266k. Plus the £500k they can call in from the gasoil contract. Potentially £766k cash. MMO have a market cap of £900k. undervalued?? gla |
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