Mx Oil Share Price (MXO)

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Share Name Share Symbol Market Type Share ISIN Share Description
Mx Oil Plc LSE:MXO London Ordinary Share GB00BKRV5441 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.32 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.31 0.33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.73 -3.44 -0.24 14
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.32 GBX
Related Shares
Bp (BP.), Royal Dutch Shell (RDSA), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

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Date Time Title Posts
17/6/201909:29mxo10
10/6/201908:27MX OIL4,950
31/5/201919:38mxo11
31/5/201917:21dumping14
16/4/201910:07MXO-

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Mx Oil (MXO) Top Chat Posts

DateSubject
25/9/2020
09:20		Mx Oil Daily Update: Mx Oil Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MXO. The last closing price for Mx Oil was 0.32p.
Mx Oil Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 4,471,349,700 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Mx Oil Plc is £14,308,319.04.
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08/6/2019
07:32		pwhite73: Rock Star This is correct for two reasons. Firstly mug PIs prefer to hold squillions and squillions of shares at 0.00001p. So when the shares hit 1p they all become millionaires (Rodders). The other reason is that when a micro-cap company states that it is consolidating its shares to make them more attractive to institutions it is always lying. Institutions are not interested in the price its the market cap they look at. After consolidation the market cap remains the same. The real reason they consolidate is to issue more discounted shares until the share price is back down to under penny again and the cycle repeats itself. They consolidate again. However in the case of MXO events have mitigated against this. The directors cannot issue anymore shares so there is no further dilution to come. The appointment of a director from the Sheikh's office should maintain momentum for a while. But some PIs will certainly sell up Monday and look for other sub-penny shares that can multi-bag for them.
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23/5/2019
16:25		pwhite73: 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.
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05/5/2019
11:18		pwhite73: quitie - "With a market cap of around £15m just now, even if he achieves a fraction of what he's after then we're well in the money." Well no. The Crown Prince would not be involved in the day to day running of this company. He has an overall plan for Dubai to invest in Africa at the commercial, environmental and humanitarian level. That's where his interest ends. Indeed I suspect its the London office contacting his private office with a request for financial support given his announced interest to invest in Africa. They managed to get funding in exchange for a non-executive board seat. At the time of the investment MXO was worth only £1.87m. Why would he take a 29.86% stake just keeping himself under the enforced takeover limit of 30%. Why not just buy the whole damn company if he wants to 'personally steer it"? Because those are the terms that were laid down by the London Office so the current CEO and board remain in control. MXO is just a tiddler AIM stock where the share price has jumped 1000% due to funding arrangements through the Dubai Royal Family. That's all. I don't see this leading to anything else. In the RNS directors have already advised in order to conserve cash they intend to issue options in lieu of wages. The share price will correct itself.
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04/5/2019
08:18		quitie: It very much appears the Sheikh is going to have quite an agressive investment strategy once in the chair, given he won't have to think twice for financial backing. There is the potential for news of investments and development every few weeks at the least I'd imagine, which will just constantly drive the share price up and up. This'll be the last chance to get in at a cheap price before he begins the march towards his billion dollar company (you know if he want something then he always gets his way)
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02/5/2019
17:33		pwhite73: Tracey Moore Oil shares and other shares fall for many reasons. I have placed this one on my monitor because of the stellar rise since the Sheikh bought in. I am a short term trader not a long term holder. Traders like myself are interested in volume. Shares that rise sharply and shares that fall sharply have plenty of volume. MXO is on a downward spiral and will be for the foreseeable future because of the huge disparity between the placing price 0.04p and today's price of 0.25p. I may consider buying later but for now its important for us retail investors to understand what is going on. The only people who suffer in the end is us. I don't believe its the Sheikh who's selling its all the conmen and spivs who picked up 800 million warrants hiding under his coattails as placees. "In connection with the placing, 800,000,000 warrants have been issued to placees with an exercise price of 0.04p per share for a term of 5 years." They try to prop up the share price with vacuous operational reports. When PIs buy they sell. When PIs don't buy they still sell making the price even more attractive. The warrants also facilitate other market spivs to short the stock. My useless advice to you is if you are still in - get out.
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02/5/2019
17:04		pwhite73: Well ended in the red as predicted. The placing price and warrants were at 0.04p. These are what is causing the share price to fall nothing else.
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26/4/2019
09:53		under the radar: 20,000 bopd is the prize and that’s worth $500m per year. No wonder we have someone taking all of the stock that’s available. Potentially there is no need to ever do a placing again - tell me of another AIM share with a Sheikh worth $35b invested and with so much potential ? There isn’t one - so stop chasing other stocks because this is the best out there. The share price is doing all of the talking - this is nailed on for 0.5p today and 1p next week imho DYOR
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25/4/2019
07:45		under the radar: Evey day that passes is another day closer to finding out what the Sheiks intentions are. The share price could go up 100s of % quite easily on a good investment so I’d much rather be in than out because I would hate to miss out on such a large gain. With all his contacts I’m expecting a transformational blockbuster deal that will send this share price into space. GLA
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15/4/2019
09:33		burtond1: Is #MXO worth re-visiting as profitability approaches?With cash now underpinning a major portion of MX's current £1.8m market cap, we look at whether the prospect of profitability can trigger a re-rate in the firm's share price...https://total-market-solutions.com/2019/04/15/mx-oil-news/
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31/1/2016
22:58		g1g4lo: Thanks for your response cyan. I agree with a lot of what you say but the main thing is Mexico imv and always has been. Nigeria was just a finance for Mexico and once bought, the share price dropped as this was not advantageous even with poo at over $60 as seen by the reaction of the market. MXO hopefully planned to win 2 contracts and bought AJE in July 2015 with 378m shares in issue and still needed an additional £2m for first oil. The share price dropped from 4.5p to 2p admittedly with poo dropping but the share price had dropped anyway prior to this. Prior to this MXO share price had achieved an share price of over 5p (MCap of around £7.5m) with I believe138m or there abouts shares in issue and had money in the bank and finances would incorporate the winning of assets in Mexico. Now if we sold AJE for £10m with 378m shares in issue, I would expect an share price of 4p alone even with poo where it is with that money in the bank. Surely a good CPR would enhance this. Or am I getting something wrong?
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