Mx Oil Share Discussion Threads

[hammopj] 24/5/2019 09:18

That's very unlikely. HH will see to that.

[jonathansidwell] 24/5/2019 09:03

As soon as it's needed they will allot the shares they may not have the intention this month which is what they are saying when they write it

[pwhite73] 23/5/2019 16:25

JS

None of these non-dividend paying micro-caps can create shareholder value and if they claim they can they are liars.

For mug PIs like us shareholder value can only be created when other mug PIs buy the shares at a higher price than we paid for ours.

When/if its confirmed that the Sheikh or someone high in his office is the new non-ex director the share price will soar again. But even that is only secondary to the fact that they will not be diluting existing shareholders to raise working capital. This is because the Sheikh will not have his 29.86% diluted. But because of the transformation that is going on the shares are there as back up should they be needed for voting purposes.

Many people think they will announce the new non-ex director after Ramadan or after the GM. But they could be wrong. They could make such announcement anytime before just as the GM circular was published before the end of Ramadan.

[under the radar] 23/5/2019 16:20

I can see this falling down to 0.2p before any news arrives.The shorters will be all over this and the market makers will hunt down your stops.

11 trading days is a long time in markets.

Not looking good!

[catcheymonkey] 23/5/2019 16:15

PWhite73 is correct: The most significant line in that RNS is that the directors do not intend to use the authority they ask for (to issue shares).

It's normal to ask shareholders for such authority. An extra statement like that, saying they cannot currently see the need for the authority, is not often added.

(This is all quite separate from the issuing of options as an incentive to future directors)

The board will know what plans they do and don't have for the future at this stage. They have just told us that they can see where the funding will come from for any such plans, and they won't need a diluting placing to raise extra funds. That is very significant for a company that has previously had ambitions but been unable to fund them.

[under the radar] 23/5/2019 16:12

Looking very weak here now.

Strong sell

[hammopj] 23/5/2019 15:46

Are you invested?

[jonathansidwell] 23/5/2019 15:43

No where in that circular does it state anything about shareholder value so far it's only the sheikh who is in profit and the management

[pwhite73] 23/5/2019 13:22

What is my interpretation? The directors clearly stated in the RNS that they do not intend to exercise their right to allot new shares. So unless they are lying the next question is where the hell are they going to get more money from to continue with their exploration and operations. Any new funding would require the authority of the 29.86% majority stake holder. He only needs to increase his holding by 0.14% and he has to make a full bid for the company. Interpretations can also be correct.

[geoff0458] 23/5/2019 13:19

Blimey PWhite positive on a share!!!

[jonathansidwell] 23/5/2019 13:05

Pwhite That is just your interpretation

[pwhite73] 23/5/2019 10:17

Since I was last here the shares have bottomed out. In the update yesterday the directors advised they do not intend to exercise their right to allot further shares therefore they must have been assured of receiving operational funding from the Sheikh. All sells are being mopped up. With only a few days left to the end of Ramadan, the GM on 07/06/2019 and the price at 0.27p this this is worth a punt.

[jellery87] 22/5/2019 18:02

Never mind all that. Look at the numbers end of day! That's got to make for a pretty epic start tomorrow?

[smcl] 22/5/2019 17:03

Ignorant at that.

[smcl] 22/5/2019 17:03

Low pond life-a complete Dippy

[smcl] 22/5/2019 15:37

J-pond life....low life amoeba

[topranking] 22/5/2019 15:09

Ha ha, another shorter about to lose his shirt - bloody nose all round for you and your crew.

[jellery87] 22/5/2019 14:49

Whats is your driver Jonathon? How much of your day are you spending commenting on shares you are not interested in?

[jonathansidwell] 22/5/2019 14:08

So much for that fake rise in which idiots bought because a name change and share change They scramble for the exits quickly

[oldbronze] 22/5/2019 12:37

News just out EQT

[andyalbiston71] 22/5/2019 12:20

Why are mms. Holding back buys from 3 weeks, that's a bit naughty

[upsondowns] 22/5/2019 12:17

From the 3rd of May.One of the 6m and a 6.5m were cancels.WTF!?