"Humming, there goes the whistle, with noise, terribly large ..." With these words Willhelm Busch would describe this news. The newly released corporate message will have a huge impact on the share price on Monday. The key lies in the total surprise and the immediate expected cash flow from the announced details.
STRONG BUY: MANGANESE X ENERGY CORP.
GERMANY: A2DHL8 , TSXV: MN
+++ SENSATON NEWS +++
Manganese X is about to launch a mega deal, in which the stock market giant Schlumberger (NYSE: SLB stock market value + $ 90 billion) has his fingers in the game. Manganese X Energy Corp. is currently closing negotiations on the purchase of a stake in a private Canadian oil and gas company. This company has a contract with Schlumberger Limited, an oil and gas service provider, which allows it to leverage a newly developed technology to increase oil and gas revenues from existing sources.
BINGO, JACKPOT, THE BIG DRAW ...
What at first glance does not fit in with the business field, the exploration for manganese, turns out to be an elaborate plan on closer examination. The company in which Manganese X Energy intends to participate will be the first to use this new technology on sources approved by Schlumberger. Schlumberger will finance this implementation itself and receive 30% of the profits from the increased outputs. This means that Manganese X does not have to contribute a single dollar after acquiring the stake, and will only "rake in" money.
The investment is expected to result in dividend payments to Manganese X, which will fund the Battery Hill project in the future without further dilution for Manganese X shareholders.
NEWS CONCLUSION:
Manganese X has found the "egg-laying woolly milk sow". A shareholding that distributes dividends (expected quarterly) in the near future, which will finance its own activities in the manganese sector, is not only a dream for the company, but also, and above all, for the shareholders, and at the same time a safety net. If the manganese activities fail for whatever reason, the profit from the oil and gas investment still remains!
This company news will lead to a rush on the stock on Monday and as there are no real chart technical resistance at present, I expect a price gain that has "washed": + 50% would not surprise me indeed!
THE "BIG PICTURE"