Mx Oil Share Discussion Threads

[oldbronze] 24/6/2016 12:07

Interesting times to come now there will be more competition, with this comes growth and now have a lead on others, Seems a good bet to progress here

[oldbronze] 24/6/2016 11:53

a rare blue ??

[andy] 16/6/2016 17:44

socktrade,

There is in August!

I was being ironic.

[socktrade1] 16/6/2016 15:29

Hon is building up his stake... I wonder why? 2.5p next month for sure imo, cant wait, easy money!

[socktrade1] 16/6/2016 15:28

RNS Dr Hon has just bought 10m more shares

[socktrade1] 16/6/2016 15:27

Bank holiday? there is no bank holiday this Monday

[andy] 16/6/2016 10:56

I wouldn't want to be out of these over the bank holiday weekend!

:-)

[mostyn] 16/6/2016 09:37

Looks like Dr Hon will be quite happy at the current level. There are just enough sellers to allow him to accumulate without pushing up the price. With the Aje field producing, and with plenty of cash in the bank, it must seem a very good risk/reward profile.

[toolsmoker] 15/6/2016 10:37

Gibon It's where the money has come from prob the proceeds of the gate ventures debacle

[socktrade1] 14/6/2016 13:31

I think news will be out tomorrow on Wednesday the 15th , the last updates have been always on wednesdays and 3 weeks apart. the first RNS was on Wednesday the 4th of May informing the market of first production, the second was exactly 3 weeks later on Wednesday the 25th of May and Tomorrow will be 3 weeks. I could be wrong but just a thought. I think the market will wake up once we get confirmed stabilised rates above 10,000bopd per day and also info on the gas/cpr. Still hold a 2.5p target, i will wait for confirmed results plus the cpr on the gas and then i will be out irrespective of the sp, i think this should all happen within a month give or take acouple of weeks

[glibgibon] 14/6/2016 12:18

What makes you think this is money laundering TS? The money is already in the banking system; unless SO's still counting a pile of fivers.

[njw2] 14/6/2016 12:05

I think this may pull back now. Slow grind down through the summer.

[toolsmoker] 14/6/2016 09:39

I thinking this is money laundering at its finest .starting to worry me now

[toolsmoker] 13/6/2016 14:47

Smells a bit like money laundering this does

[g1g4lo] 09/6/2016 06:10

Last nights Evening Standard

"Among the tiddlers, Chinese investors including media mogul Johnny Hon piled into MX Oil, down 0.03p to 0.92p. If they buy another 3%, they will be forced to make a formal offer for the company under UK takeover rules"

[socktrade1] 08/6/2016 11:45

BTW brent has just smashed $52 and our oil is at a $3 premium so $55 minus $30 or less total costs which is $25 profit, on 5% of 12000 bopd which is 600 = $450,000 per month which is £300,000 per month!

[socktrade1] 08/6/2016 11:42

Best thing is to sit back and top up on any dips, easy money!

[socktrade1] 08/6/2016 11:42

There will be a podcast this week, either tomorrow or Friday, last time SO did a podcast the share price rose from 0.45 to a penny, let's see what he has to say, i'm sure he will have plenty to say about our new investors. at the end of the day the new investors have bought at a penny, its just a case of patience. this will be a 2p at least, when? i'm guessing in a month or less

[njw2] 08/6/2016 09:07

Unless we get further news this drifts back down IMHO.

[qackers] 08/6/2016 09:01

Holding hasn't changed. He obviously didnt buy in placing so % diluted.

[fireball xl5] 08/6/2016 09:00

No just the placing reducing holding

[njw2] 08/6/2016 08:55

Actually that's his holding being diluted.

[njw2] 08/6/2016 08:47

Johny hon sold some out . Taking a nice turn. Good on him.