George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
#hitfly filtered
Just read some of Overtrousers old posts, he was worse than I thought. Did he get anything right? Very similar style to carla1 (probably the same poster) LOL
yes, and from the recent RNS: "On the basis of advice received by the Company and the directors, the directors believe that liquidation is unlikely to result in the return of any value to the Company's existing shareholders."
I do not buy shares normally and dont know the rules. With xcite going into adminisstration does that mean the shares are valuelss. No return on any money?
Dear Nick Herbert, With some of our trading profits from investing in Barclays and Lloyds banks when their share prices hit their lowest Margaret and I decided to buy a total of 54,000 shares in Xcite Energy paying an average of £2 a share. We considered an investment in a declared and proven North Sea oil field should be reasonably safe. .In the interests of having a complete change in our life style if the venture were successful we accepted we did not have the full protection of the regulated stock market Here's a view from someone in the industry:- "I've never invested in XEL, as an oilman I knew Bentley would never make money. So did everyone XEL approached back in 2007..... If there is truly going to be investigation here, I would suggest each of the numerous CPRs that formed the basis of the reserves definitions (value) are added to the list of things to be looked at. " Unlike ourselves there are many first time investors with hard earned money who were attracted to what they thought would be a safe and successful venture that would also be of benefit to the Country Here's one of them posting on the London South East Share forum:- " I work in a factory. I've struggled for 45years labouring away. Listening to your claims of the share price "Doubling or trebeling" when it was at £3.65 I though I had a chance of investing into something that would end the drudgery of working life. I bacame the proud owner of 193,000 shares in XEL. Spured on by your optimism I traded this share all the way down. I managed at one stage to have 250,000 shares. Can you please take quiet moment and try and emagine what this is like for me now. I'm 60 years old. I have nothing left. I will now watch my money go to an organisation that is stinking rich. In my later years I will watch in horror as this field is developed and all my money will go to an organisation even richer than the bond holders who "Stole" it from me. Here is my email address if you would like to talk rob.wainwright@sky.com" May we urge you in the interests of people like Rob Wainwright to arrange full investigations by the relevant enforcement agencies to investigate. Many are convinced that there has been potential fraud,, inappropriate or totally incompetent management that resulted in the losses that have put the business in liquidation. Might it be possible to consider the development costs incurred by the shareholders are taken on board when any new licence for the relevant oil fields are granted? We have posted a copy of this letter to you on the above forum with a recommendation that Mr Wainwright also writes to his own Member of Parliament. Surely it is in the interest of us all that AIM is regarded as a genuine finance market for new enterprises some of which may fail for genuine reasons. Surely it should not be a place where those new to the investment market can be stripped of their hard earned savin
I've never invested in XEL, as an oilman I knew Bently would never make money. So did everyone XEL approached back in 2007..... If there is truely going to be investigation here, I would suggest each of the numerous CPRs that formed the basis of the reserves definitions (value) are added to the list of things to be looked at. W$
Guys I've still not sold her and I can't now anyway said good bye to my 60k a while ago I'm amazed how corrupt a has been and how Rupert Cole can get away with this and start so it all again somewhere ielse Has anyone any idea what happens next as I just want to see an end to it and get on withy life I'm sure something bad will happen tp Rupert and he deserves it I'm not a nasty person but hope he suffers for what he has done . I will never invest a penny into aim and hope the whole thing gets shut down
Reply to Jayar's post Tuesday 7.25:- Before including reference to you post in our email to our Member of Parliament we wonder how an honest working man achieved £704,450 in saving to purchase 193,000 shares in XEL at £3.65. Did you sell the family mansion or use winnings from the lottery or horse racing?
Leggy, you know as little as the rest of us (which is zero!). He has been there with Rupes lining his fat pocket for years. He knew what was coming and has made his play. I hope they all get investigated, even if they get dragged in and at least made to sweat for a few months/years. Be hard to prove they have broken the law but they have acted disgracefully and only ever had eyes on their own pockets. Kew is as guilty as Cole.
As operations director he had to be in the well planning, fdp submissions, big boy b*lls up, and the subsequent failed MOUs. He'd be a key part of any funders enquires into the operrational competence of XEL/R executives.
RC & SK are up to there necks in the brown stuff. Your blue eyed boy is not innocent. He has been well paid for failure, just like the rest of them. (he was a full board member) If his conscience is nagging at him, Whistleblow this BOD & put money in the legal pot. Come on SK do the right thing (don't think so) NO BOTTLE.
He has seen his way as an executive director with collective responsibility through all the operational and financial c*ck ups back to 2007 imo.
If any legal proceedings are brought against the BoD - SK should know that resigning or not he may still be in there with the legals. IMO wjmflp
Mr Kew was a Non Executive Director - how can you possibly say he has no responsibility - He presumably voted at meetings - perhaps he might tell us where the missing turbines are or indeed why we are still owed the balance on the money due for the data ?? Maybe he could venture an opinion on the issue of solvency over the last 12 months - I cannot see a situation where he was not in the meeting where the IP's were giving advise on solvency??? He is a director and is up to his neck the same as the other tw1ts !!
One of the major tasks for Non-Execs is to ensure no wrongdoing or misconduct by the BoD including the potential for same. IMO Looks like Kew failed that one massively. wjmflp
Mr Kew was always planning to retire this year. I can assure you. Mr Kew had nothing to do with the collapse of XEL. That was all down to the money men.....
Obviously no money left to line the pockets with as they have spent it all - last knockings of a failed company and smug BOD !!
Off to the BVI with his swag no doubt.
Are escaping . Mr kew first
Think there was that aspect to it but by then the cost of the rbl also was several million $$ just to remain unused. Absolutely crazy.
From iii. Usually us pi's are all **** and wind, but you know we just might be able to do this if we pull together. Getting organised legally ! XEL.L Beat-Up-Investor Has anyone looked at getting organised for a legal persuit of RC and his merry men ? Please for give me if we have any action and I've missed the messages on the BB ! We had 800 signatures on the ipetition ! If we go a 100 quid each that's a good start and I'm sure everyone will agree that we have a case on what's got to be one of the greatest scams in British share history ! The level of corruption here will be mind blowing ! We must persue these b&^*#€d's. A legal letter before Christmas just to let these crooks know they won't be walking away scot free with what ever brown envelope they have been paid off with would ease my tensions ! A lot ! Just the satisfaction of it gives me a little warmth after the personal financial loss I've suffered due to them !
What ever the situation JJ, Rupert had better had feathered his nest as after this public drubbing he wont ever gat another job! How many companies is it now ?
You have to wonder if the BH's have made the wrong call ? With the Nomad heading for the hills, the BOD AWOL and a liquidation shortly what happens in there are no buyers?
I don't think it was still an option though is it HB? I thought when they signed the Secured Loan deal one of the requirements was that XEL had to relinquish the RBL ? Beggars belief when you write it down.
Why could they not have gone back to funding something similar as it has been consistently mentioned rbl was still an option, and against presumably much larger 1P/2P figures. They even still have production capable wells in place, just who is going now to clean up the subsea mess still there.