UK 18:32 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.
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.
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Comments
Gary Newman
I’d assume it will get voted through as the company do need it – but would need to be subject to an EGM as nominal share value here is 1p, so have to get approval to issue below that.
I also see the company are looking at asking the FCA to investigate recent trading activity on its shares as the 50% odd drop before you broke the original story looks somewhat suspicious to say the least.
CLNs will now be at 0.5p as well i believe, given the terms of those – so those note holders have done okay (was a 4.5p conversion mentioned in the CLN RNS).
Bearfacts
Not funded yet!!!
Did update market early re possibility but well done for getting the nitty gritty out, anyway they may have got commitments from flippers (sorry investors!) for the said amount but of course they can’t commit till a vote to reduce nominal value of which I dare say will take place shortly and be approved.
With sp at 0.63p I’m sure the flippers will be watching the price till then!
All the best….
bob brush
How did they do this without an EGM?
Daz
Tom in all fairness its quite obvious you have a ‘source’ given fund railings like this will be banded around one or two brokers and then several potential ‘investors’ its likely not rocket science to find someone who wants to blab a bit.
Given that the majority of AIM companies raise money in this manner and that is a ‘function’ of the market do you think its wise to publicise such prior to the event?
Potentially I would suggest you would be doing the AIM community more of a service by reporting the individual who is passing on ‘insider’ information to the FCA.
You can report what you want and nothing you write is illegal but the undermining of placings for listed companies through the publishing of insider information no matter what its source could undermine the entire AIM.
Not a dig at you but just a thought, would a real sheriff not have rounded up the loose tongues rather than setting out to damage the company that had actually done nothing wrong except be on the wrong side of the macro environment?
Simple Moving Avarice
If it follows the model of NEW, then Chris Oil will have taken part in this placing. Then he will think he’s bought 50% of the company again and chaos and hilarity will ensue.
MIKE OXLONG
It seems strange how the share price has been fairly stable for four months and then starts a rather quick decline towards the potential placing price, starting around the first week on January.
Macro economics?, or a forward-sold placing?
wildrides
Looks like market abuse to me ………. passing out information from “inside” which makes you an insider ……… but hey , whats sauce for the goose………………..
TW Note: Wildes you Leni-cock sucker read the market abuse rules. Was I made an insider? No. Did the person who told me say he was an insider? No. So Im in the clear and you are still talking cockwildrides
Err ………. MX is not a Del boy Lemongas share . Its looks like you who is the DL cock sucker . You dont have to be “made” an insider . Just publishing info you reasonably know to be inside , that will move the market is enough. Any way your foul mouthed response is enough . Tho protest too much me thinks .
Charlie
So this actually isn’t true. Care to explain yourself?
Tom Winnifrith
Charlie
Or shall we call you by your real name as identified by email address? Why not use your real name or would that just expose you for the serial twitter tosser you are.
My source was correct. It got comittments. Then folks walked. The there was the Aje offer. Things change.
Now go fuck yourself
Best wishes
T