I'm a true Xelot but we've being saying these sentiments for the last two years.
We have an incredible asset in a stable polar-bear-free area.
We have incredible technical skills - EWT was a fantastic success .... Stat is our beeeetch.
But rather than selling out for medium dollar XelBod have gone for full independence / production and they are severely testing the patience of faithful holders. The Norskies have been happy with the DD and they know a thing or two about oil. I wonder if they have any friends in Oslo who might want a piece of the action....??
..of it is that while we do not know the true value of these shares; we do not that it is a great deal more then their current price. The obvious conclusion is is to continue to hold them or to buy a FEW of them.
worst . Time will be the enemy and our savior for this company . I do think that it may not take as long as some of these doom mongers think for real ground breaking news to be released that clarifies what has been going on behind the scenes
The BOD need to resign !!!!! Where is the value to existing shareholders that bought at 100p 200p 300p. The current SP is appalling and where will it end 60p 50p 40p before these muppets actually do something meaningful that will get the price back to the 120-150p level. 90% of holders must be sitting on big paper losses here and the BOD couldn't give a flying ****. !! Cannot wait to break even and get the hell out of this stock. Massive let down.
Gotta be some reason it was the Vikings who gave us the credit. More questions than answers so far with all the small print of the deal in favour of the lenders. I get the feeling XelBod want to present one huge RNS as a fait accompli.
This isn't a "normal" company - this is their baby; every waking hour for the last two decades they've been obsessed with making Xel into a major independent - so what's another year or two...........
At least if we slip lower might attract a cheeky bid, poison pill notwithstanding.......
as i read it the RNS states that the share placement of 4m+ shares is the difference of the 10% discount on the bonds purchased so as such is not a direct placement and in fact a bonds + share bonus to the purchaser........it amounts to a very small percentage of overall holding and was probably used as an incentive.
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