Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The update is detailed and long but the bad news is saved for the end. Madagascar Oil (MOIL) is down to its last $1.3 million (cash minus trade payables) but owes $14 million. It gets worse.
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Comments
Drunken Sailor
Madagascar is a fucking nightmare place to do business. The Lemurs are all very friendly and will eat out of your hand, but apart from that the place has nothing going for it.
wildrides
Turned out a bit like Teathers then ………….. well at least you have the oil price collapse excuse to pull on this time which I note you indeed called upon above as a get out for MOIL performance , but denied LGO the same grace in your pieces on them .
fancy a fag …… a nice long pull ……… and blow a few rings …………bliss………
Drunken Sailor
Wildes
Where are those LGO Q4 production figures which you were convinced would be out by end Jan and prove us all wrong?
wildrides
Drunk
when are you gonna stop sucking up to Whinning Froth ……… if you want a job writing drivel then just ask him for one instead of trying to impress by sticking your head up his back passage . I never said anything about LGO proving you all wrong ……….. I said it was “the oil price” dear boy OIL PRICE and also picking on the underdog to suit Whinni’s current vendetta target “ Del Boy Lemon Gas .
If you want to write for SP then best focus on accuracy dear boy ………. although I concede Whinni maths does not always set the finest example in that department , but he does normally get it 100% right when real fraud is involved . No doubt one day he will be “Sir Whinni” for his first class fraud uncovering work , but not for the vendetta pieces . That is as it should be , the universe is in balance and Karma always wins out …….. in the end , over the long run .
Hugs and Kisses
WR
( who does not tweet , face book , or BB board post just for the record Duck )