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Bullboard - Stock Discussion Forum Mapan Energy Ltd. V.MPG

TSXV:MPG - Post Discussion

Mapan Energy Ltd. > Wow look at the spread prices
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Post by TyJac1 on Sep 10, 2014 9:26am

Wow look at the spread prices

Bid at $5 and ask at $3! Weird!
Comment by Slyincalgary on Sep 10, 2014 11:15am
Do all the other PI shareholders have their MPG shares? Is my banking account the only slow one haha? Not that I am looking to trade then as I still believe this issue is wayyyyy undervalued based on production and market cap, just wondering aloud. glta!
Comment by TyJac1 on Sep 10, 2014 12:22pm
Haven't got mine yet.
Comment by brandonn on Sep 10, 2014 11:58pm
Me neither but I noticed in my acct there is astericks by it. Maybe tomorrow. Good first day though.
Comment by Slyincalgary on Sep 11, 2014 11:12am
Someone has shares they are trading....this is kind of a joke. A day and a half of trading and the share transaction has not even been completed! Lucky for people the stock has stayed pretty flat. If it was selling off and we didn't have the option to react that would be brutal.
Comment by TyJac1 on Sep 11, 2014 3:17pm
I highly doubt there would be a sell off at this price level as price have yet moved significantly from the base price. This is a good hold until new year as we await news on the early plans of drilling. There most prob be another financing in march/April for further capital injection...so I see a spike in price then. New start up business tend to spike up in price at early stages, so hold tight.
Comment by Slyincalgary on Sep 11, 2014 3:38pm
I agree with pretty much all of this TyJac, more annoyed at the stock exchange system and the timing of the share exchange. I totally agree it is unlikely, but strange things happen in this market all the time. Oil has bounced $3.00 off its lows this morning! I can't remember the last time in my life I have seen such volatile swings in oil and gas commodities! My whole point is the stock ...more  
Comment by TyJac1 on Sep 11, 2014 4:20pm
If I remember correctly based on my previous portfolio, we should receive our shares by the third trading day which is tomorrow. Based on the presentation on their website, drilling will commence in November so expect news release follow up by a spike in price :)
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