MX Oil (MXO) appears to have sold its Nigerian assets for a good price today. The devil is in the detail and having chatted to CEO Stefan Oliver I shall be looking at the detail very shortly. But before we go any further I applaud Mr Oliver for doing what the fuckwit regulators fail to do, that is to say tackling market abuse.
The little twerp just cannot help himself. Today he has announced that yesterday he sold his entire stake in MX Oil (MXO) - 16,666,667 shares. But looking at his tweets (deleted and undeleted) from yesterday the crook is clearly again breaking the law.
MX Oil (MXO) has not announced it yet but then we do tend to announce these things for it. But the placing needed to bail it out has been completed...at just 0.5p.
MX Oil (MXO) owning folks insist that the Front Puffin is already on its way from Singapore to Nigeria and they do so because New Africa Energy, the largest shareholder in the Aje block said so on Sunday as you can see in the screen grab below. Sadly...
This almost feels like intruding on private grief, shares in MX Oil (MXO) now trading at just 0.875p - well below the 1p par value of the - now clearly struggling - placing, but I have just a few more questions that shareholders should be asking the company in light of yesterday's statement.
It is not a good start to the week for MX Oil (MXO) as it has essentially confirmed my £2 million at 1p placing article from Friday. It is reshuffling the board, now considering asset sales, its shares are slipping and its moronic shareholders blame it all on Tom Winnifrith and are stating on twitter and on various chat room asylums that they are reporting me to the FCA.Where does one start?
I would expect MXO Oil (MXO) to confirm on Monday at 7 AM the success or otherwise of its £2 million placing at 1p which I revealed here. While it is about it I wonder if it might update on the short term (its words not mine) production at Aje as we play spot the Puffin.
Amazingly market abuser Chris Oil has not tweeted about this yet. But recent share price weakness at MX Oil (MXO) is now explained.
Earlier today we flagged up that Chris Oil was committing market abuse by revealing information given to him as an insider in claiming that he owned bonds in MX Oil (MXO). We passed this information onto the Nomad by sending it our article - apparently no-one at Cairn understands how twitter works. That forced MX to issue a statement saying it was doing a debt fund raising - which I gather Oil is participating in - but had not yet completed it. So not only was Oil revealing inside information but he was also lying...the issue is not yet done. As for whether you should follow the little twerp and sign up for the issue?
The little twerp just cannot help breaking the law. You will see in the tweets below that Chris Oil claims to be the largest shareholder in MX Oil (MXO) but that he is also a large bond holder in the AIM listed company. Er hang on...
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Boxhill Technologies (BOX), MX Oil (MX), President Energy (PPC) and offer some share price targets
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Manx Telecom (MANX), MX Oil (MXO), Teathers Financial (TEA) and offer some share price targets.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in MX Oil, Strat Aero, Stratmin Global Resources , and setting share price targets for all three stocks
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Ferrex (FRX), Mercom Oil Sands (MMO), MX Oil (MXO), together with some share price targets.
