Breaking: MX Oil - Placing Underway - more dilution for Chris Oil

Comments

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   wildrides

   15 January 2016, 04:37

   The one who calls Oily a market abuser is one himself :-

   Whinny Froth publishes inaccurate and misleading article on LGO yesterday and issues no retraction . Its Whinni Maths again readers and Whinny Market Abuse and the self confessed Global Shorting Conspiracy and the Del Boy Lemongas Vendetta in action again readers . He will no doubt be reported to AIM regulation by someone from the LGO camp after the many times he has done the same to others . What a shameful debarcle his vendetta is as oil plunges sub $30 dollars per barrel again today . Talk about kick a dog while its down ……….. more like hit a dog with a spade until it dies and call it a Pit Bull when its really a poodle but you dont like its owner .

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   MIKE OXLONG

   15 January 2016, 05:13

   I agree with Wildrides. Don’t get me wrong, I can’t stand Mr. Oil. He’s a vile, compulsive liar. But if he were to tweet about a potential placing he would be called a market abuser by this website (which i’m sure he probably is), so how can this website publish the same information and somehow take the high ground? It reeks of double standards.

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   Bearfacts

   15 January 2016, 05:13

   Tom, At last Wildrides admits LGO is a dog! If it barks like a dog and look like a dog and wags its tail like a dog ITS A DOG.
   Re..MXO surely if this potential placing doesn’t take place they got problems as the share price now below nominal value per share so could t complete a placing unless they change value.
   Also I note some of the cln’s have option to convert at a placing, since the Cln convert price was 4p odd and price now sub1p mmmm.
   Even biggib has sold….the word lemmings and cliff comes to my thoughts…
   All the best….

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   Tom Winnifrith

   15 January 2016, 05:19

   Mike

   Simple. Oil was made an insider on the bond issue and tweeted that is insider dealing and since he owns stock market abuse.

   We have no position & were not made an insider. The job of journalists is to print what others do not want printed – as long as it is true .

   So we are doing our job (well), Mr Oil is a criminal.

   Simple

   t

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   MIKE OXLONG

   15 January 2016, 05:48

   Tom,

   You are taking a very black & white stance on what some would consider to be rather more of a grey issue. I accept that you are not insiders, but it is clear that some of the information that you are privy to IS inside information. Whilst the fact that YOU are not insiders makes it technically legal for you to publish such information, I would suggest that this type of situation can give rise to the impression of market abuse. Whilst I’m sure this will not bother you from technical / legal point of view, perceptions and personal views can also be damaging.

   PS Please keep up the good work, I love (almost) everything that you do and I firmly believe the AIM casino would be a much worse place without its unofficial sheriff.

   Mike

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   Woody44

   15 January 2016, 07:14

   A person doesn’t have to have been officially named an “insider” in order to be an insider for the purposes of the Criminal Justice Act 93. He or she can just have received his or her information from someone else who is an insider under s.57(2)(b), provided that he or she is aware that the information is actually inside information (s. 57(1)).

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   Tom Winnifrith

   15 January 2016, 07:22

   Woody

   which puts me in the clear :)

   t

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   Daz

   15 January 2016, 14:23

   From Stefan Oliver copied from advfn, does not sound like a man whose about to deliver a £2m 1p placing to his loyal following?

   —————— The below is my opinion only and should not be taken as advice of any kind. I’m limited as to what I can say but I can tell you I’m saddened and incredibly frustrated by the significant drop in our share price which I feel is totally unjustified from a value perspective. I don’t know of another company with our quality of assets and prospects which will have equivalent of 500+ bbls of low cost production valued as low as we are. I appreciate that short term oil price is very low but I don’t believe this will be the case for long and in my opinion is that this will bounce hard later this year. The lower we go the bigger the bounce. Nigeria can produce lower than most but the wider market can’t sustain oil production at current levels unless oil price is well above $35/bbl so short term oversupply will be taken out by falling production and then producing companies will reap the rewards.

   Andy and I have achieved all that we set out to do over the last 18 months and yet investors have been dumping stock at increasingly desperate levels. I can’t control what any shareholder does with shares that they own but I think this is being driven by fear and panic selling at a time where oil price has collapsed to unsustainably low short term levels and this has driven MXO to what I consider a stupid price. I can’t control the oil price or MX Oil’s short term share price but I can promise you that I’m doing everything possible to deliver success and my own personal belief is that the current share price is significantly below what we’re worth and I’m determined to prove it.

   I can’t comment on anything specific by email but we will be providing a formal update to the market on Monday.