More than twice average volume. No. of trades usually ranges about 5-8 but today 21! Something's happening. What's harder to understand is the sells. In my view, either people are losing patience, OR the large hedge fund who bought all the additional shares issued late last year is decreasing their exposure somewhat. Good bit of news from Simon. One thought: if we assume conservatively the Director
Mr Woods, is only half right i.e. he hits a profit target of 10m not the 20m he mentioned and (being really pessimistic note!) there are no more deals this year, then wouldn't this give the shares a value of 2-3p or so...?? I'm more optimistic than this though - I share the view these will rocket - just a matter of when in my view. Someone's got to be servicing all the old oil wells, not to mention the new ones being built for all the exploration companies. Also, having bought Ansell Jones last year the company is not just dependant on Marine drilling,
Anyone out there up on how other companies in the same area are doing? Only one I know is Abbott?

Decided its time to start accumulating. March results should be very good.

Another relatively busy buying start for MOI with 4 trades by about 8.15.
Presumably the mining boom is supporting this one & thanks for the information chad & roots...

March results anticpation probably a lift for this one too.
Any other news would be interesting?

Guys - I'm not quite sure that I'm understanding this correctly. This BB keeps talking about the sp rising (i.e. "in the blue") and general movement all-round but as far as I can make out it has not moved out of the 0.73-0.75p range for weeks. What am I missing?

Point taken queen1 - agreed limited sp movement but apparent higher buying activity over last few weeks. More buys than sells recemtly & apparent trend of larger buys early in day. To be fair yesterday ended up with more sells overall.

Got a hunch on this one, but struggling for information which makes me wary of jumping in. As you put it, it seems a good egg...but I don't want it on my face!

g64946
MOI is in the oil services sector, not mining. It has recently completed a restructuring of the company. Scan the company's press releases and the BB's for more info. A dealers tip for 2005.

All buys, nice. Got to be some movement some time soon.

Yes - looks extremely good. Excellent technical chart on ADVFN's bulletion board & some very bullish comments to0 which confirm the action . Added 180k today (very reluctant sell of some Stanelco!!!). For info, see Reuter's recent MOI reports.

...above average volume again and it's only 1.45pm. Where are the bears today?

...and where is the sp movement?

bid price up to 0.72p. Would have expected more tho with the 4 million volume, all buys.

I agree they are a bit slow. Probably long lunch!!
The sp movement happened at 2:02:35. The bid went up just a little from 0.70 to 0.72. At which point we saw our first bear stepping up to sell off 1.5m at 0.76.
But that's not all... since then we've had 4 buys totalling 475k & 1 sell of 100k. It's not even 2:30pm and 23 trades in total have now gone through. This is NOT typical activity for this company. We now have twice average daily volume.
As with all AIM companies, it's wise to be objective though...
Cheers

I agree rootsconsulting. At least theres the beginning of a surge in interest in this share though. Up until recently there has been a dearth of published material about the company, but ive seen around 3 articles in the past week or so.

At last the blue purchases have a little impact on the price 0.75/0.8 now....
Must have been my earlier purchase thats helped it start rolling....my timing looks right for the day, but lets hope for the future too!

Hurray, at last those idiots at the exchange have put there finger out.

Is 0.75/0.85 - good enough? I use a broker who's very good with price (usually/regularly inside the yellow strip price). Earlier today when I bought I got in at 0.78 when the market price was 0.80. The offer is now at 0.85 and they won't better it. How much movement do we need for the sp movement to be significant? Please advise as I'm no expert on these matters.
Have a good weekend. Next week will be interesting!!

I jumped on board this morning after reading the article in 'Shares' and then doing a bit of research. My broker took about 20 mins to fill the order but finally managed to fill the order at 0.79 instead of 0.8. Sounds like this company has a promising future, and once it gets fully recognised the sp should really move.

All aboard & fingers crossed then guys!
Lets hope the management are as good as they say.

Im as dubious as you rootconsulting about how the pricing mechanism works, but what i do know is that a lot of it is up to the MM's discretion. However, trades today, even though higher volume than usual, only add up to around 40,000+, which isnt that really much, on a market cap of 8 million + somewhere around 0.5% traded, Im not v. good with maths so this may be a bit out, please correct me if im wrong. Im happy to see movement though, however small. Next week, like you say should be interesting.

Be encouraged by the fundamentals, plus the following technical analysis:

http://www.britishbulls.com/StockPage.asp?CompanyTicker=MOI&MarketTicker=RESOURCES&Typ=S