UK 16:12 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.
I warned you on Friday's bearcast that MX Oil (MXO) was trying to get a placing away at 0.75p and hey presto today we are told that it has indeed raised £2.5 million at 0.75p. The shares are down by 26% on the news at 0.8-0.85p: you dont need to thank me all at once for giving you a heads up. What is going on?
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Comments
Drunken Sailor
If the whole thing was as binding as it being claimed, then a bridging loan would have been easy enough to obtain. There would be no need for this desperate placing. I suspect that things are not quite as binding as has been made out.
If $18m is going to come in, in stages, you do not give nearly half the company away for £2.5m. Even a Wonga.com loan would have been better value for shareholders, if it really is just a matter of a few days.
wildrides
I remind you I am not currently “in” LGO but will be in the future upon seeing a suitable entry where I can make money from that point . Insult me if you want ………. but I am not the one left holding the baby with Stanley Gibbons and Teathers .
Hugs & Kisses
P/s Trump will be hopeless on the World stage ………..Hillary for Pressy .
Colins2
Tom,
I am getting increasingly frustrated by links that do not work.
Take this one, for example. When I click from the Shareprophets newsletter I get ‘page not found’ So. I followed another link to your page and then a link from there back to shareprophets, and it works!
Is this a problem with Chrome, maybe? Can anyone confirm?
This happens with almost half the links in the newsletter – frustrating!
TabbyJohn
Tom Winnifrith trying to take the credit for the MX Oil disaster placing. Now don’t get me wrong TomArse I admire some of your work. But credit where credit’s due.
In fact it was Daniel Levi who tweeted and wrote an article exposing the whole fraud. Hats off to Dan. I do like his reference to #NigerianJoe coughing up $18,000,000 It’s my understanding that in Nigerian frauds cash goes the other way. Hence Stefen Oliver sending out the 419 placing letters. MXO are a terrible company. Not so long ago we had the twitter buffoon Whitlow a.k.a Dick Holiday ramping them when they were 4.5p. Now we know why Andy Frangos resigned. He knew it was fraudulent.
Tom Winnifrith
TJ
I flagged up a 0.75p placing and that is all I flagged up.
I am not seeking to claim credit for revealing a fraud because at this point no fraud has been revealed or proven.
Should it be the case that there is no fraud then Mr Levi and those who repeat his assertions are guilty of libel. If there is a fraud those folks at MX are heading for the slammer. We shall; see.
Right now I run what I can prove as a responsible journalist should and I take credit for that.
Lets see what happens
Tom
PS You can use you real name, nice to see you back on the site Dan
Sparticus
I am brokermandan
We are all brokermandan
Fairplay to him
He got it right.
Responsible Journalist? Do me a favour. You were a gameshow host weren’t you?
Tom Winnifrith
Sparticus,
I have been working for 25 years and 6 months. For two years more than a decade and a half ago while working for AFX ( a jv between Agence France and the FT) I also co-presented daytime TV programme of the year SMTM. Not sure that makes me a gameshow host by profession.
BMD right? That has not been proved.He may be right , he may have libelled MX. I have not seen proof and I suspect neither have you. we shall see soon one way or another wont we?
Come on MX Oil – Show Me The Money!!!
T
Darren Atwater
Colins2, the newsletter doesn’t have broken links. Something sounds wrong with your computer, you should get it checked for viruses.
But just to be sure , can you email editorial@shareprophets.com citing which newsletter and which links ( cc in tomat49@gmail.com) and we will demonstrate there is no issueDarren
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