Mercom Oil Share Discussion Threads

[hedgehog 100] 17/12/2015 09:55

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.

[keya5000] 16/12/2015 21:52

I mean the company in its entirety and claims on the website not the exchange. One of its major partners is the well established UK engineering firm Bradnocks or something of that ilk, they are also listed on the ESE, try finding them? You see what I mean, house of cards built around shells with zero assets but lots of claims.

Well aware of the ESE and its format.

Hedgehog, not saying I won't buy any MMO but its cheap due to the sh@te its invested in, at a mcap of £200k you only need £10-20k worth of buys to move it 100% plus! get enough mug punters to follow and you could get a 400% rise back to c £1m mcap.

Just needs more than what's been offered and some true visibility on the investments to date. Nothing meaningful has been reported since the initial blurb when they invested. Not good enough and that's why its 1.4p and not 6p.

[hedgehog 100] 16/12/2015 21:39

keya5000 16 Dec'15 - 20:15 - 11 of 14 0 0
" I looked into the askia European stock exchange info/website and I would take a punt on the fact it does not exist. ... "

Keya,

I think it's probably an 'over the counter' market, a bit like the old OFEX in the UK, linked to the Ukranian Stock Exchange.

From Wikipedia:
"Ukrainian Exchange Kiev 2008 UX hxxp://www.europeanstockexchange.com "


"European Stock Exchange
The Bridge Between Crowdfunding and Regulation"

[keya5000] 16/12/2015 21:31

Lol, only 0.4 to go mate.

[hedgehog 100] 16/12/2015 21:27

Sub 1p ...

17.23 million shares in issue, so that would be a market cap. of about £150K.!

[keya5000] 16/12/2015 20:52

Hedge I may have some sub 1p....

[hedgehog 100] 16/12/2015 20:45

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.

[keya5000] 16/12/2015 20:15

5bag yes agree, I looked into the askia European stock exchange info/website and I would take a punt on the fact it does not exist. All the connected companies hold no profile except for being on that 'exchange' looks very dodgy.

Looks like funds have been siphoned out of this company into investments that at best are dodgy and at worst choose your own wording.

AIMHO