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I have held a 50p entry chunk for ages , added the last buy on the 12th, a v small op up at 13.75p! that might turn out to be a winner! Happy New Year Mate...
I have a couple of grand in here, Worth the risk as if it's a well received deal good profit to be made and will be hard to buy. Especially given min shares in issue. If it doesn't come off, little lost. Good luck to all of us and suspect news by end of jan
Does anyone know anything more about whether it is still three acquisitions? It would be great if it were.
That would make it about the 29th Jan, yes that sounds good (and much more timely than other suspensions I've encountered)! This one has lots of positives with the 3 contracts in negotiation, fingers crossed here for a multibagger in my opinion and hope!
And if it is by the end of January, we can all say that we got the correct month, but were all just out by the year :-). Keeping fingers crossed. GLA
By end of Jan would be awesome. You sound confident jack. I hope you're right and this all comes together. Cheers
Within six weeks of the suspension date, would be my guess. Jack
When is this acquisition going to be completed then?
'A new chairman will be appointed on completion of the Proposed Acquisition' Perhaps the above statement provides the answer. For all we know, this might have been the plan from the start, as I expect the new guys from the RTO's, being huge in comparison, will expect a major influence at Board level. I know I would. Anyway, it gives further confirmation, if it were needed, that we are very close to the RTO(s) completion. My guess is 50p minimum and upwards of 90p as something to dream about. GLA & Happy New Year. Jack
Hi JackSht - any insight on this one? It could be negative, but not necessarily. What do you reckon? Concerned?
So hopefully he has done his bit - let's see what the new year brings
Tue, 23rd Dec 2014 16:00 RNS Number : 6407A Xplorer PLC 23 December 2014 Xplorer plc ("Xplorer" or the "Company") Directorate Change The board of directors (the "Board") of Xplorer plc (LSE: XPL), the LSE Main Market listed investing company, announces that Roger Tucker has informed the Board of his decision to stand down as Chairman of the Company and depart the Board with immediate effect in order to allow him to focus on his primary business interests. The Board would like to thank Roger for his time served as a director of the company. A new chairman will be appointed on completion of the Proposed Acquisition, as announced and defined on 18 December 2014.
Hi Jacksht - yes, let's hope we do get a nice start to 2015!!
We can, IMHO, now relax for Xmas and look forward to a very nice new year. May take a few weeks, but I expect we'll be back at multiples of where we are now (at least x 4) when XPL returns to the market. GLA and have a great Christmas & New Year. Jack
I'm actually far happier that the RNS is worded so cautiously. I just would not have believed a hyped up "all happening very shortly" news release.
That is of course, if the negotiations are successful...no gurantees, as per the final few lines of the RNS. I, like you, am hopeful that after this prolonged and somewhat painful decline...we'll be rewarded. ATB
Yes, I am also glad I stayed in. I hope it is as you say: they will be bringing more than one asset into XPL. It will also be interesting to see whether they have managed to negotiate a much better price for the assets because of the drop in oil prices (not that I think we would ever be privy to that information!) So when it comes back from suspension, I guess that the price will have the value of the new assets built in?
Wise to get out when you did. The New Year should bear fruit here and WRN, hopefully, could do with some winners in my pf. atb
Sounds like they maybe pulling the 3 candidates together as planned, this is getting very interesting, glad I'm in here! Xplorer and Sprint have diligently pursued investment opportunities for a period of time and are currently in exclusive negotiations with three entities. In all cases these discussions are approaching completion. The opportunity set comprises existing production with significant development upside, offshore exploration in a province with high levels of industry activity and finally, a large acreage position in a prospective but under-explored onshore basin. Xplorer and Sprint continue to review other opportunities that could be added to our portfolio. The legal, financial and technical due diligence reports prepared by our various expert and professional advisers are now in the main, complete and we are in the closing stages of bringing the three candidates together under the Xplorer umbrella with plans to launch a further equity fund raising to be invested almost entirely in oil and gas productivity.
I'm waiting for a WRN style boom when we reappear from suspension! Now that would be so good... What do you think my chances are?
Think a v good chance of a turnaround in our investment.
Well i'm not selling until we find out whats going on! :-))
is this an oh dear or good news ?
How are you? Yes still hanging in. My post was only 4 minutes out.lol. It looks as though we may be getting near the end at last. ATB
Suspension...