We Shall Not Surrender £12,500 down the hole at NUR-1, bloody salt rock expanding, not enough of a bore hole absolute incompetence some one is going to get a lot of oil cheap here I feel......
Re: Take Over take over, no chance.Whats more likely is they will watch max go bust then buy the assets for peanuts and keep the oilFusion98£1200 down
Take Over Anyone think a take over is possible? Clutching at straws I know but the market cap is so low now, that it could be tempting someone?
Re: Game Over: "I'm about to lose £2500. Its lot less than your £25k, but I'm a pensioner with a State Pension of £472 a month. This loss is nearly my half years income."Surely that £2,500 makes up a very very very small part of your overall wealth?
anyone would think the AIM is rigged market.
5k down
bother
Hotlist Oh dear. Another one for the eponymous leader board favourite 'Hub' to add to his scrap book of catastrophe.
Re: Game Over: Thanks Betamax. I just feel sad for all the wasted money thrown into this company thanks to the lies told by the BoD about what they'd found in the shallows and the incompetence in drilling the deep.I don't want to look back at the numbers, as they're always depressing, but I spent a similar ballpark figure on lemons myself. Let's hope everyone here learns something for their money and does better elsewhere (I can't say I have myself, I'm still in citrus buying mode it seems....c'est la vie)
Re: Game Over: I'm about to lose £2500. Its lot less than your £25k, but I'm a pensioner with a State Pension of £472 a month. This loss is nearly my half years income.Its hard to swallow, but we take investment decisions with best intensions & end up a loser.
ah well good night max
Re: Game Over: I'm a lemon too!
Game Over: I have to agree Rogen83, that the odds are now stacked against MXP pulling through. The investment by 'anyone' would be a punt of the price of oil recovering reasonably soon, given that the business isn't viable at current levels.It seems a shame that the execs didn't have a contract ready for AGR Energy to sign when the deal was approved at the AGM on 01 Dec 2014 !!I HAD just typed "Also a shame that I've lost about £25k in this lemon........ chasing the NUR1 dream"..... But actually I think a better way to put it is: "Also a shame that I am a lemon, and have lost about £25k in this........ chasing the NUR1 dream".DRAINBOY - well done for getting out when you did, and saving the last couple of pence on the SP !!Cheers, and good luck all moving on.
Re: Basement I'm afraid today all but confirms that it is game over for MXP
Re: Work programme shortfall. Potential? You would have to say that with the current oil price that MAX will be lucky to survive. A lot depends on the Kazakh family who are/were going to invest. It is a big gamble for them, so they just might walk away. Who knows, perhaps they have the resources to overlook the current turmoil in the oil & gas industry and can look long term. I cannot see how MAX is making any money at the moment....probably quite the opposite. They have loans to repay too. The next news will be critical IMO.