The loan is a means to an end until they get the real financing sorted, how would 90% of the other AIM stock raise funds when they don’t have any revenue? By placing shares to the market which XEL have not done this for a long time, the last time that they did was to help pay for a $240m extended well test in 2012.
Yes but we can sell ours at any time, realistically he has to hold on to them until financing is sorted. He’s also buying shares in the company that provides him his income so it’s all eggs in one basket and of course he’s a new director so did not take advantage of the 400p plus director sale.
I'm presuming they would have come out of the closed period following yesterdays rns and we were also informed rig mou negotiations were progressing nicely......so he topped up on the first given opportunity imo.....;-)))))))))
on the face of it great the fact a director is buying more shares......but lets not over egg it.......its less than £20k worth and a lot on here own substantially more than that.........still.........its good news
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