Well they were a big improve on last year, and i'm thinking, had they not had a problem with the Nigerian Field that stopped production, then maybe MX would have made a profit, now it's up and running again, then hopefully income will start to flow..We also have the investment in Grenada, which could increase income in the months ahead, so fingers crossed.I feel it's far to early to write off yet as the Nigerian asset does hold a certain amount of value. so has to be a "Hold" for me.Hope your well Podg
Re: where is the Hey Izzy. Ever get a feeling you have been here before? Sameo sameo. why invest 5 mill in their wages and and a field we/they see nothing out of? $43 a BARREL Bear market go figure?There must be something to these people paying a premium for shares not worth 0.7p now. i Recon it will go private once enough % has been accumulated and they will get the rest for .1p?
Re: where is the and where is the money from the Nigerian oil field, as we have received no news on payments, only the one for $1,2 six months ago, and what is happening in Grenada, is the company finished in Mexico, We need some information, and soon
where is the economical with the truth Stefan
question nobody has answered what is the production cot per barrel
Re: 1.5billion shares Yes it's been a long time since the days of WV and PPA, so hoping there are better things to come from MX, I have a good holding in Metal Tiger and Amedeo, which i feel could produce good returns in the future, as both seem to be going the right way, both debt free with good investments and cash in the bank,Now hoping MX comes up with the goods, Have a good w/end
Re: 1.5billion shares Izzy
Re: 1.5billion shares Glad to see your still about Izzi............ How long have we been here now? 9-10 years.Ascent, 88e and sound been multi baggers for me and now only 5k shy of 2007 now lol.PRS AND Red Emp, Roxi only15% 30% 30% off now which would clear the 5k Lol.
Re: 1.5billion shares Hi Podgy....The placing could have something to do with their MoD (Memorandum of Understanding) with the Government of Grenada, Although they are getting payments from their Nigerian asset, the deal with Grenada may need some funding, if, and it's a BIG IF, they get licences and strike oil, then the 1.5 billion shares could be worth quite a bit, just have to wait and see what happens, sometimes you have wait for the ink to dry before news is released.but would be nice to hear something in the near future,Like you it must be a hold for now.
1.5billion shares Still cant work out why anyone would pay over the top for a company earning what is it 200-250k a year for their % of PR Investment? The No of shares has over quadrupled in a year. No news for months on income or what they received from PR? Unless I MISSED IT?
looking good,..rise starting.long wait b4 any solid news. buy on dips.gla
Chart update [link]
shake time get in card.gla
Mid price Sell Buy1.40 +0.18 1.35 1.45
Re: momentum building1.33 +0.10 1.30 1.35 GLA ,NEWS WILL ON ITS WAY,GLA