UK 23:42 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Today's shock news from MX Oil (MXO) has seen its shares rcket. It is all game theory now and a binary bet. So what to do about the shares? What are they worth and at what price would I consider taking part in a placing? I also note that it is time that MX Oil started treating its shareholders fairly, if it does not behave like a proper company in what it says, does not say & does it will never be taken seriously
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Comments
Duck and Dive
You were uncharacteristically restrained considering that MXO pulled this unverified rabbit out of the hat at precisely the moment it needs to get a placing away.
If this offer turns out to be real, I will hang up my boots.