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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Molecular Energies Plc | LSE:MEN | London | Ordinary Share | GB00BMT80K89 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.00 | 5.00 | 10.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 33.23M | -10.5M | -1.0128 | -0.07 | 725.58k |
Date | Subject | Author | Discuss |
---|---|---|---|
02/3/2024 10:07 | Hello Brasso. Thanks for working that out for me. Just a shame that I got back in when I did. The proceeds from the ATOME freebies have slightly watered-down my current losses with this shambolic outfit. Some of us never learn! Well done on sticking to your guns over the years on the PPC/MEN threads and providing one of the few sceptical/realistic voices. | chopper harris1 | |
02/3/2024 10:01 | So true masergt sold 1/2 around that time to balance up with the free atome shares Same again when they sold of Argentine assets and left it with just a 20% holding of atome 4m mcap is about correct PRE GHC Atome I’m comfortable with They owe what their owed Anyway bought them all back yesterday for a little bit of da ja | rizzzla | |
02/3/2024 07:41 | Chopper Nice to see you are still around. You got out at 5p which is 1000p in new money. You saved yourself from a further 99.5% destruction in your wealth so well done. | brasso3 | |
02/3/2024 07:16 | Thank you all for wise words. I was considering an initial investment if the well was a duster, but I've changed my mind. Avoid. | chopsy | |
01/3/2024 21:29 | AiE. The real exit opportunity was on the announcement of the name change and share consolidation, both of which invariably signal a serious downturn in corporate health. I believe the equivalent share price at the time was somewhere around £2.50p. What price are you looking for at the next exit opportunity? | masergt | |
01/3/2024 19:10 | Oh and for the record MEN and one other Aim stock are the only longs I hold. I now trade only so once they’re done that’s the end of being left holding the baby. | all in eol | |
01/3/2024 18:46 | The first two were from 29/02 according to LSE trade info. | all in eol | |
01/3/2024 18:43 | Late trades 250k at 24p 248,885 at 25p Time inbetween them and a bit big for a bed and isa or rollie? Also 85714 at 20 and 20.035 liable to be a bed and ISA? | all in eol | |
01/3/2024 18:32 | Still don’t believe the current mcap is correct. Looking forward to the update next week. As for for past it is what it is, I’ve taken it on the chin and am now looking forward and the exit opportunity coming shortly. It’s all in the RNS and interview what’s going to happen. My opinion only, I’m sure everyone else will do their own research. | all in eol | |
01/3/2024 17:15 | 1 Mar '24 - 11:28 - 2481 of 2489 0 0 0 chris cat - is it safe to assume minimal overheads? When combined salaries of directors alone could be a multiple of MEN's current mcap it is important to know what MEN is still on the hook for. VWAP...My assumption is based on no activity so little O/Hs, All staff working on Argentine projects should have moved over to the private co that bought the assets. Stop Paraguay and we shouldn't need anybody there. That just leaves the people working on GHC etc. which are private companies in their own right so any costs incurred funded by MEN should be repaid at point of IPO? I'm not naive enough to think it will work like that but it really should under these circumstances | chris cat | |
01/3/2024 16:42 | Truly shocking, pathetic and so COSTLY!!!. Wish I had never heard of Peter Levine nor President Energy | super y | |
01/3/2024 16:16 | Pecuniary - Apologies if I came across wrongly, I am not absolving PL from blame, he and the board are massively responsible as they have taken all of the decisions that have ultimately lost $268m, my comment was that I believe that he has tried hard (not an excuse) but in the end his and his teams decisions have proven to be almost fatally flawed. Many AIM boards are accused of sitting back and doing nothing, I don't believe that PL is in that camp, but ultimately if you run really hard in the wrong direction you can do more damage. From my point of view, I fell for it all hook line and sinker by averaging down, participating placings etc. Only myself to blame for believing the story. | chris cat | |
01/3/2024 15:45 | Chris Cat-if PL is not ultimately responsible for this painfully slow, expensive (only for shareholders) fall into oblivion, who is? He doesn’t come across as a shrinking violet so one can only imagine that he has steered this ship straight on to the rocks? Hopefully there’s some cash distribution and a dividend from the IPO but other than that, what is left here? | pecuniary | |
01/3/2024 14:35 | As I showed in my figures a few days ago, Capital raised of circa $270m to generate something now worth £2.2m....all the while the BOD have been paid quite handsomely. I honestly don't think we can fault PL's efforts as I genuinely believe that he has tried very hard, but the bottom line is shareholder destruction on a grand scale all whilst collecting around £400k per annum in salary. | chris cat | |
01/3/2024 14:04 | In little more than 6 months from 350p to 23p, impressive even by President's standards. | wakeland | |
01/3/2024 11:56 | My question is who suspended drilling and why? So many RNS can't keep up but am I right in thinking CPC (think that's the right name) totally responsible for first drill and all drills afterwards MEN pay £1m?? Please correct me if I am wrong but if another party responsible for drill why have they suspended? | nafnaf3 | |
01/3/2024 11:30 | NafNaf....I read suspension as a gentle introduction to duster | chris cat | |
01/3/2024 11:28 | chris cat - is it safe to assume minimal overheads? When combined salaries of directors alone could be a multiple of MEN's current mcap it is important to know what MEN is still on the hook for. | vwap21 | |
01/3/2024 11:03 | Surely to drill a little deeper is not that big an expense seems all equipment & man power are already on site. Not enough information as to why suspended, but can only presume hole is likely 80% completed so crack on with the last 20% ASAP and put us long term holders out of our misery | nafnaf3 | |
01/3/2024 10:36 | I'd rather they abandon the drill, when it comes to finding commercial oil, these guys have proven over 15 years that they can't do it. Metaphorically, they could fall into a barrel of t!!t£ and come out sucking their thumbs. Assume that the intercompany balances between PL's private Arg Co and MEN are now broadly equal so we set them off and we get no further cash for the loans, however we do get c$20m (I can't see it myself, but that's the deal) from the earn out. Assuming we are debt free at that point, then we should have c$20m of cash to come...which is roughly 9 x the current market cap. Assume minimal overheads and then throw in ATOME/GHC etc. and there's a pathway to get some value. Good grief I'm starting to sound like PP. In short....the less we do with O&G the less we pi££ money away. Feel free to correct me if any of the above is wrong | chris cat | |
01/3/2024 10:27 | Think I did predict the rig would fail, it's President energy it always fails. | wakeland | |
01/3/2024 10:27 | Agreed. Could be black gold a few more hundred feet, no idea why they wouldn't give it a proper go rather than half a job?? | nafnaf3 | |
01/3/2024 10:10 | Well I’m an ‘in for a penny, in for a pound’ guy and considering the rig is there, the site is set up and the costs to date, I’d battle on to target depth come hell or high water. | pecuniary |
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