Roundtable Discussion; The Future of Mineral Sands. Watch the 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.
Massive news and three is tumbleweed floating past this BB
The bouncers have just removed the PIs from the table -- and our chips and cash as well. Let's hope XelBod get a good deal with the new owners.......
Poker game just got really ugly....
Xel owns xer yes?
They can file as many orders as they want.... they still need a buyer and will need OGA support.....
""As a consequence, the Directors have requested the immediate suspension of the trading on AIM of the ordinary shares in the Company. The principal Bondholders and the proposed liquidator have confirmed that Xcite Energy Resources Plc ("XER") and its assets are not expected to be the subject of enforcement action and XER is expected to remain a going concern throughout this process."" Nice to know we're still a going concern............................
Gutted
Of legal suits coming
Bad luck guys. That really sucks.
and to think I was taking a punt here yesterday....My heart goes out to all holders....
Game over :-(
awaiting news
highlandsbull. Totally agree. DECC totally fecked Xcite over in 2011. Forcing them to perform that hugely expensive, and share price destroying EWT. Time for them to return a favour...
Still no bondholder RNS.... Am I correct in that Xcite have to give at least five working days notice now? If no notice today what next???????
Not sure if that the best tack, imo better force oga to review guarantee in national interest for quad 9 and expense xer was put to by decc.
Poster Arul posted. Date/Time Subject Author 21:12 Hope for good news ArulInteractive Investor client I didn't know whether, I could say this in this forum. Just to give some confident to other investor I like to share that Two weeks back, I raised my concern about pension and ISA saver like me almost end up losing in XEL.L to my local MP. Today, I learned that my MP written letter to Chancellor of the Exchequer Mr Hammond as below "I would be very grateful if the government might undertake an investigation into the finances of Xcite Energy Limited in order to protect those investing their pension funds and lifetime savings." Hope things will start brew...........in our favour.
A BOD that has taken a business from 400p to 1p plus. We now rely on petitions or the ability to scratch a pathetic return if any. Putting aside our petty differences what a bloody mess and the end of a truly great opportunity to make a fantastic return ruined by fools
just signed.
LOL - don't you know that imitation is the greatest for of flattery !!
Jonjo get your own script writer I have already cracked that one about you
I think Overman has put up his £10 shareholding??
Imo there appears to be only one way to profit on XEL shares bought today. It is not through trading, as has been pointed out earlier. At the time of this post the spread was shown at an enormous 32.06%. To possibly make a profit a number of issues have to fall into place. 1. A 'no' vote succeeds 2. The BH do NOT immediately start legal proceedings to recover the security 3. The BH agree to re-negotiate the D4E terms 4. The BH agree to a much reduced number of shares and that normal equity holders will be left with substantially more than 5% of the new share structure. 5. An offer for the company then emerges that is in excess of £120 million. If the above all happens then today's share buyers may make a profit. Without going over old ground; numbers worked earlier showed that an offer of 5% would approximately equate to a post dilution share price in the same ball park as we have had in recent days. Needs to be a significantly higher interest. The obvious risks are that insufficient vote 'no' and that , even if 'no' won; the BH''s refuse to talk and take immediate enforcement action. Its pretty high risk. Anyone got an idea what percentage of equity is committed to 'no' so far?
http://www.ipetitions.com/petition/xcite-energy-bondholders-notification
anyone is thinking of trading this share with a 41.22% spread - sort of puts things in perspective when idiot posters on here point at despicable day traders