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Crikey - you 2 get a room ;0)
They do seem to work in tandem.Often in a team tag rampy sort of way.He is a plant after all and there in lies the power
I think from posts he is James . My opinion probably got more than one name .
Are you saying PP is James?
Thought JS was TKIA??
James we’re have you been , !!! First Blue day and your back . It’s all about the CLN still out there . Sellers are back but it is holding up well i can not see many sellers at this level as it’s been battered down over the months . Needs break 7p then i would agree up up and away as they say but needs news PO moving up as well . My be news due before month end buying does seem to say that
Yeah better volume but still some pretty hefty sells.
8m+ shares here - very confident, couldn't ask for a stronger position for a small cap company at this mcap..
She moves quickly for sure...up and down
She moves quick.......that's why you always need to be relaxed with this share - can clawback 20% with ease in 1 session.
Reckon we must be close to 2m in the bank by Q1.
that's the beauty - cash will make people realise how undervalued this is considering continued Selva production alone, nevermind El Romeral.
We can be at 8-10p in a flash on the drop of 1 good news item.
Only one way this business will go longer term great job turning this around. Balance sheet growing all the time profit every day and more to come with future assets. What’s not to like?
Not before time.Lets see if it sticks or the traders sell it down again
Blue
Island girl - I made no such presumption prior to your post. In addition we know that the 2nd (of 3) tranche of 5.5p CLNs are due end of December (either coupon interest or conversion) so it stands to reason we will be informed of the outcome one way or the other (similar to the September 5.5p CLNS on the 26/09).
Regarding other news I would suggest just being patient - PXEN are not the Operator nor do they grant licences or permits that is up to Spain/Italy and the Operator to conduct this.
Given that permitting and/or drilling schedules are not in his gift, what do you suggest he should be doing that he's not already? I'm not happy with the lack of news as it constrains the SP, but the bottom line is we are making money and are accumulating nicely. Good position to be in if worthwhile opportunities arise.
No
Permits no drilling no deals no news what do they do all day that CEO is a shister . 250k a year doing FA
I was alluding to your presumption of news before the end of December
Your brow for starters
Also there is nothing 'expiring' - what do you think is expiring?
? What do you mean?
September 5.5p CLNs were converted and we were informed on the 26/09 so what makes you think we will be informed before Christmas? I would think we would be informed just before new year - and what have the Italians 'hanging their boots up for Christmas' got to do with investors converting/taking coupon?
With expiry date end of December we're fast running out of time and the Italian hang up their boots early for Christmas
I suspect they will be - we might be sitting at 5.3/5.8p at the moment but as soon as any sniff of Spanish or Italian permits news arrives we won't be. People don't lend money to a company for a quick buck, they do it for the longer term pay off. Of course that can be reevaluated at any time.
I guess if they dont then do they get the cash + 15%, or can they choose to take the 15% coupon and reevaluate in 12months time (or any quarter with a pro rata'd coupon)?
Will they be converted?
O dear .
.
The Loan Notes are convertible into new Ordinary Shares at a price of 5.5p per ordinary share, the closing price on Friday 2 September 2022, at any time at the election of the investor. Existing share authorities are sufficient to satisfy any potential conversion of the maximum approved Loan Notes authority (of £500,000) loan plus any accrued interest.
· Interest at 15% is payable quarterly compounded monthly, with the first interest payment on 30 September 2022 to be capitalised and added to the loan principal rather than paid in cash.
· Loan principal to be paid in three tranches (end of September 2023, end December 2023 and end March 2024). These repayment terms mirror those of the £1.87 million convertible loan notes issued in July 2022.
· This debt/equity hybrid financing allows the Company to fund the all the development costs to first gas at the Selva field, which is targeted by Q2 2023.
Yeah. I can read:
https://www.londonstockexchange.com/news-article/PXEN/conversion-of-loan-note-debt-and-tvr/16139112
The abovementioned convertible loan notes were issued in September 2022 to three individuals and are convertible at 5.5p per share pursuant to a Convertible Loan Note Deed dated 2 September 2022. The first of three capital repayments plus accrued interest was due to be paid on 30 September 2023 and the three Convertible Loan Note holders have agreed to settle this debt by converting it into shares at the conversion price of 5.5p per share.
5.5p numpty.
Go and read the RNS’s it’s all their it even saying in the RNS December CLN due at 5.25p