Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Bought on nex @ 0,1205p
Thanks Dave,
Ed seemed frank with his answers.
Destit - why are you still here ? - Oh I know as you sold out you are now hell bent on de ramping this share so you can buy in again at a lower price - so predictable and sad.
The fundamentals remain the same here, nothing has changed on the assets just the time frames which is understandable in current times - In fact you know this has huge potential as you are still sniffing around to bring your negative points pf view until the SP reachesd the stage wher eyou will buyt back in.
The company name change makes perfect sense and is a very good move from Ed - distancing the company from the old oil side of things - clever move in the current climat especially where Spain is concerned.
Patience pays and it will come good here once Italy Permit is granted next month.
your starting to sound bitter that pxog lost you money distitute. move on and wipe the loss off. if your not bothered about the loss why return to a share you sold out in? before you sold you didnt mention negative issues at all. you were bullish anf ramping up pxog. possible due to you were looking for an exit? ,now out its all hell to us as shareholders?
i for one didnt actually mind your posts here over the years as its always good to have a balanaced view and remove the rose tinted glasses now and again but to do a complete 180 on your stand does look a bit bitter in my eyes. wipe off the loss and just move onto your next share. i dont actually see the logic on posting on a BB you dont have a position in. your free like everyone else to post of course but sinve youve left its all been doom and gloom and negitive to almost jusitify your exit and that you were right to leave. just remember you lost money on pxog so cant be calling it right....
just for clarity im sitting on a 70% loss here .... but im ok with that! its either going to come good in the end or ill loose my near 10k. again im ok with that!! i know what pxog is by now and its close to a pile of ****e haha!! but i live in hope old Eddy boy pulls the magic rabbit out the hat. we will see!
non-equity funding is what I want to hear, bit of debt around the neck always helps a company grow up!
Thanx for that LL&P!
So Italy could be late next year depending on the corruption costings
liked the presenters questions. direct and to the point. think Ed got taken aback with a few of them!
funding needed but lets hope its for finalising italy and not just a random placing out the blue. all still to play for just need to wait like what weve done for the orevious years...
but hey... look forward to all those value triggering moments haha
With a growing portfolio of interests and an expert management team in place, @ProspexOG is well-positioned to become a European focused oil and gas player.
Here, @copytaster spoke to Edward Dawson M.D at #PXOG who expands a little more...
https://total-market-solutions.com/2020/05/27/prospex-oil-gas-4/
GG12, my view ..
i) All about ‘energy transition’ in Europe, with gas being the transition energy source and the destination being – more wind, solar, electricity, hydrogen, etc. and much less coal (zero) and oil. In the next 20-30 years great opportunity to reduce / end (?) dependence on gas imported from Russia (Italy) and North Africa (Spain) etc. as transition to a ‘green’ and sustainable energy economy takes place.
ii) I expect that the registration of ‘Prospex Energy’ so far is just to ‘grab’ the name, then after voted through at AGM we’ll see the transfer – Ed probably got a few letter headings and name badges to change as well!
GLA
So, having read the change of company name from PROSPEX OIL & GAS to PROSPEX ENERGY (makes no difference to us). As I understand it, it is a step towards building the company. However Can anyone tell me i) whether this is a strategic change going forward and ii) will our shares be transfered over. Can Anyone confirm this!
Just for info, and based on my research, so of course please DYOR.
Prospex Oil and Gas PLC.
https://beta.companieshouse.gov.uk/company/03896382
The wholly owned subsidiaries …
Massey – owns 50% EIV-1 Suceava (balance with Raffles Energy)
Muirhill – owns respectively 15% Tarba Energia share class for Tesorillo and 49.9% Tarba Energia share class for El Romeral (balance of both with Warrego – WGO:ASX), option to increase to 49.9% for Tesorillo.
Marshall – owns 17% Podere Gallina licence via farm-in from PO Valley Energy (PVE:ASX 63%, also UOG:LSE 20%). PVO is PVE’s local operating company.
County – was the 49% owner of the Polish venture (duster!).
All above 100% owned by PXOG. See the PXOG annual accounts for 2019 page 33. This is also reflected in the subsidiary companies annual reports where you should see words something like – “the ultimate parent company is Prospex Oil and Gas PLC …”. Directors are either just Ed, or Gerry and Ed. Of course the last accounts posted are usually best part of 2 years out of date.
Importantly, as I have previously mentioned, these companies are named after tractors – not sure what input the tractors have in company decision making?
Which brings me to the new company, hot off the line and ready to roll …
Prospex Energy Ltd. Created on 21/02/2020, currently 1 share and 1 shareholder – Gerry Desler, the PXOG Company Secretary. Watch this space!
https://beta.companieshouse.gov.uk/company/12476146/filing-history
Now then, back to business, Edward please, where’s that El Romeral transfer and those Selva approvals?
GLA
If you're reading my other ramblings I hope you appreciated what I consider my finest hour:
"As for drinking while wearing a mask I think it's time we emulated the elephant and incorporated a trunk into our protective headgear."
Posted on the MARS board 4 May long before it merged its brewing with Carlsberg who brew a beer called Elephant!
I subscribe to OilmanJim and he's mostly right. But it's amazing how many shares he won't touch with a bargepole are suddenly # 1 Top Risers! No names - DYOR! Which, funnily enough, bodes extremely well for PXOG! Boom! Boom!
Thank you for your kind words. Obviously, having sold all our shares in PXOG we shouldn't be here! At least, according to the paid rampers who have a mountain to climb. A decent company wouldn't need them. PXOG is such a frustrating company: read the recent RNS without knowing the SP history and most punters would be keen to invest. But jam tomorrow eventually goes off... Dogs can still generate huge profits if you get your timing right! I won't name names! Good luck!
Please give it a rest! I finally sold out after the last RNS because I'm sick of lifestyle companies but they will continue to flourish and make money for punters who get their timing right. Also sick of posters warning against investing in obvious culprits! AIM is a casino - accept the fact! I noticed our exchanges last weekend were removed - must be due to me mentioning other possible investments! Sorry. Without that rule these boards would grind to halt - no bad thing judging by some of the comments I read. Good luck!
I agree could be good for us.
Broad, good to see that someone else is watching the ‘partners’.
WGO are certainly ‘stressing out’ some of their Aussie investors, not to mention those in STX or both. They rejected STX’s all share acquisition offer of 1.2x STX shares for WGO shares as too low – also a suggestion that they would want to retain Spanish assets (i.e. currently 85% Tesorillo and 50.1% El Romeral via 2 Tarba share classes). They then commissioned an independent resource certification of West Erregulla (50% WGO, 50% STX – operator) possibly without telling STX and the answer came out lower – though arguably more certain! Now they’re doing a raise, nominally to fund the next round of drilling at West Erregulla required to achieve resource status. I think WGO are in a very strong position as STX really need the whole asset to facilitate their own acquisition to a mid-tier player or major. Personally would like to see a cash rich WGO (or other entity) emerge from this and focus on Spain.
Don’t think PVE deferring AGM means too much, but they do need to raise soon (see their last quarterly report) – shouldn’t be a problem as 50+% director owned. I think UGO (20% Selva) were the first to mention that Selva would be delayed to H1 2021.
Of course, please DYOR.
GLA
http://asx.warregoenergy.com/site/PDF/4762637d-79e4-475b-8f7a-7cc4d98f1202/TradingHalt