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One of the few facts that we do know on here is that you are and always have been full of she height.
It just goes to confirm seeing the numbers of suitors a combination of mgt desire to hang on, the price, and likely the poison pill, drove everyone away.
It is important to highlight that prior to commencing the Sales Process the Directors had, for a number of years, pursued a series of processes and strategies to attract an investment partner for XER’s main asset, the Bentley field. Since 2013, the Directors had been in contact with over 80 parties, of which sixteen have been or are currently engaged in diligence, including through access to a dataroom, that contained a significant amount of information to enable a detailed technical, commercial and subsurface due diligence to be undertaken Now you know why I was very upbeat and happy back in the good old days before Q1 2016. Don't forget Bressay and the supposed Quad 9 Hub people... Bentley is still a strategic asset.
http://www.fticonsulting-emea.com/cip/xcite-energy-ltd By the end of Jan 2017 we should know if there has been a successful bid for the company. If there is and its more than is due the creditors (which is roughly $150M i think) then the remainder gets distributed to shareholders. In which case you can then withdraw the cash from your share account. Not holding my breath and its less likely than Trump becoming president but ......
The carrion cd hardly be any worse than the inept mgt feeding off same for years.
Wonder also if cnooc remain interested now the dust has settled on management changes there and at cosl. Hopefully both they and sinopec wd not involve sto.
The important ones will not be the brokers but the majors, hope there is no collusion. Interesting to see sinopec just raised $10bn and we know where our old chairman went..
Fair to middling HB...there seems to be a lot of carrion feeding off the carcass though. maybe , just maybe with King Cole out of the picture 'Something ' might transpire ...but as I said with the 'Ongoing costs of all the parasites I doubt we'll see much ,if anything.
Wish we had had same from the company previously.
Hi guys, sorry for my lack of experience with shares but I had a lot of money invested here and quite simply wanted to know if I can expect anything back and if so what do I have to do? Thanks all
All's well that ends well then eh? ;)
Yes, fat ginger John ;) Totally working for/with someone mate - I saw him move the L2 order book on demand back then - a clear MO of ramping something to PIs to allow other moneyed individuals/organisations to exit on the quiet ala Global Resource Funding Partners ... There's a suspended share being championed by his behavioural clone right now mate - on a new 2016 ID obvs ;)
Yeah I was told from the horses mouth that it was better to be looking at the project from the bottom up rather than the top down. i.e If you were doing it when the oil price was at it's highest your profitability could only go down and that this was of comfort to the other partners in the alliance. I was told that this only made their model more robust - this was shortly before Christmas 2015 can't quite remember what the oil price was then
Ah good old CheapAs aka John Hampton I believe, think I got shot down a few times over comments that didn't fit in with the CheapAs line even tho I wanted this to succeed as much as anyone (well most of the long termers anyway....) here. Whether he was just a trader, worked for some outfit, I have no idea. Got to be honest, there is another on this board whose style reminded me a bit of him, just not quite so confrontational.
Imo he got as so often happens caught up in non closure of deals, partners and funding. The ones he did close on were the wrong ones, and of course what goes around comes around.
U2..
Blue Eyes as i said it sounded genuine. Asked him about many things, but no real answers. He totally blamed it on the oil price. He defended RC & said RC feels bad about what has happened. Not as bad as thousands of PI's. He said this has cost him & 24 mill & its a stock market. (not in a nasty way). Rupert is not a liar says SK. I think thousands would disagree.
You too Jonjo.
IMO - cant see anything being done because no one wants to listen - as usual on AIM - so last post for me on here. Can I wish all of you the very best for the future and festive cheer - shame these bar stewards will get away with it but you have to say a lot of posters assisted with the financial heist - Seriously good luck to you ALL Regards Jonjo
I guess the takeaway message mate is that as soon as a BOD are seen to be marketing their "asset" to PIs instead of being able to tie down binding deals with other businesses then it's a big red flag, like founding members of the company selling a ton of shares themselves at a recent highly pumped peak isn't enough of a red flag ...
Unfortunately by the time one realised with their inept ops snd funding things were going pear shape it was nearly too late with the sp slumping. It just went from bad to worse.
According to post on ii he's gone into silent mode now, hardly surprising, with possible legal issues why did he ever came out.
2012 was certainly when it all went wrong here peeps and if I'd known then what I know now eh? Remember CheapAsPastillas' tyranny over this board in 2012? Posts deleted, people banned etc for daring to voice a differing opinion? http://www.iii.co.uk/investment/detail?code=cotn:XEL.L&display=discussion&id=9857080&action=detail Turns out that his ramping and board bullying was all about getting Global Resource Funding Partners 100% out of XEL at a quid following the EWT P&D - the last TR1 ever seen in here ... Funny how things can go full circle and you see exact the same thing happening elsewhere 4.5 years later - here's to hoping I never have to do this: http://imgur.com/a/50LHm For another share anytime soon ...
I was baffled as you said the number might be a hoax - but I see you might be talking about the person on the other end. Did you recognise his voice? It's quite distinctive. What else did he say?
Blue Eyes he sounded genuine to me. As stated number from Elena Saratov on iii posted Tue 19:08.