Member Info for Christo4

I support freedom of expression and any LTH who's been buttfuc**ed by PB raising cash when he's promised not to over and over again has the right to vent. Perhaps LTHs can warn other potential investors of the dishonest leadership and save them from making the same mistake instead of trying to encourage other to buy a dog just so they can exit - which may or may not be your motivation 7veronic

@falcon I'll take you up on that too. I'm small fish but would like to learn some tips from the more successful :)

It does confuse one why people waste time posting here to de-ramp a share that can't be traded. Offer or no offer from Sid tomorrow there's nout anyone can do about it to either take advantage, nor escape. There's a very real scenario where Sid may walk away and the revised financials come back looking better than expected, and refinancing is achieved or waivers extended before shares begin re-trading. What then, will the stock rise or fall? Any how, makes no difference until out of suspension.

Serious question, if they plug Cas 4, then skip Cas 5 to drill CB and come up with zilch (genuine risk) then what next? The company had to raise because it ran out of cash. Their debt will now be twice what it was post CB completion, so if they waste placing cash on more failed drilling they will be in serious ****. Company is priced accordingly imo - any liquidity from CB deal will likely get sold into and company will sit at sub 20p until they execute a successful drill, which may be some months away

Nope - $30m is in addition to existing debt, the $20m raise is just for operations, ie drilling. So total debt post acquisition will be $57.5m with 24% dilution of any upside. TXP didn't want to raise, they HAD to, because they've pi**ed away all their cash on Cas 4 screw ups. Total BoD and management renumeration is circa $4m a year (Just Paul 'liar liar pants on fire' Baay is £1m a year of that). Total debt payments will now be circa $3.5m a quarter. Predictions are $20m a year revenue from CB with 65% interest to TXP - only time will tell how true that is - so maybe they can pay down debt but they will need operational success to do that. Any more screw ups and that debt looks worrying

Dogger went from 0p to 1p - he's raised his price prediction at least lol

Bloody hell Falcon - 1mn shares. I thought I was high risk with 20k lol May the gods favour your huge balls

Everyone has a right to interpret information and share their views. Those views can become skewed over time if in a stock long enough due to PTSD (not real PTSD). I have become quite negative TXP as have perhaps expected too much from a tiny exploration company, mostly owing to the asset I though Cascadura might be. The many issues experienced by management are mostly lack of experience but also some incompetence. They get CB over the line and deliver Cas 4/5 and a decent set of workovers on CB by year end and all will be forgiven (assume 40p+ SP if the deliver)

Could well be... This BoD have a lot to answer for, I'm sure they like all to go away quietly

What? lol

Like I said Sturm, I've been here a long time and witnessed every disappointment since the Royston duster following the placing. CB is a game changer for TXP, but only if it's closed the right way. I'm somewhat nervous and it's due to managements' historical inability to get things done on time and correctly

only got around to reading this now...

"all customary regulatory approvals have been received, and touchstone has made significant progress with its current lender regarding the financing of the acquisition." - this reads as though everything with the deal is signed off and txp have 2 weeks to satisfy their lender to get the money. that's surprising seeing as they will have had a decision in principle prior to agreeing the deal with shell - so what's changed? have they ****ed away a load of cash on cas4 (2 sidetracks) and their cash balance looks crap making the bank wobble? maybe years of disappointment have made me sceptical but doesn't seem a "done deal" like pb led us to believe (what a surprise).

this next bit is half what they have to say (always negate liability by saying no assurances can be given) and half worrying - they actually wrote "terminated as the cas may be".

"no assurances can be given that the acquisition will ultimately be completed. due to confidentiality terms in the agreement, touchstone is not able to provide further information to the market on this acquisition until the transaction is effectively closed, or terminated, as the case may be."

the above reads as if shell have said 'put up or shut up' and given txp 2 weeks to sort their loan. i hope trek isn't right as pb has repeatedly said no more dilution, if he does raise cash this way he'll burn any trust left with investors, myself included and i expect the share doesn't recover for years. it's going to be a long two weeks.

I've been sensing good week for 3 years now :(

35p to shareholders it’s likely this represents a fair price for the company as of now. I for one think the deal goes ahead and 35p is paid. Unfortunately we’ll only probably find out during suspension. Which means there no way out if it collapses. Either shorts will close a few days before end of month and SP rises into suspension, or everyone dumps and SP collapses presenting a unique opportunity.

Suspension scares a lot of people and many will have pressed the sell button because of it. Therefore the SP doesn’t well reflect the opportunity cost scenario here… The accounts will show errors but only for one division, and even though it may be significant, it’s not fatal. Waivers will be given and refinancing is likely once accounts are revised. If Wood can refinance then selling for 35p isn’t all that attractive, so a revised offer (upwards) is highly likely, or a competitive offer comes in. Patience and bravery will pay off here

Personally think Sidara honour this offer and make it a firm one once refinancing is in place. Buy for a 60% gain

Under Rule 2.6(a) of the Code, Sidara must, by not later than 5.00 p.m. on 17 April 2025, either announce a firm intention to make an offer for Wood in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be further extended with the agreement of the Board of Wood and the consent of the Panel in accordance with Rule 2.6(c) of the Code. Wood and Sidara anticipate further extensions to this deadline being required in order to enable the pre-conditions to be satisfied (or waived).

There can be no certainty that an offer will be made, even if the pre-conditions referred to above are satisfied or waived.

In accordance with Rule 2.5(a) of the Code, Sidara reserves the right to:

a) announce an offer for Wood on less favourable terms and conditions than those set out in this announcement:

Reading the above it doesn’t seem like firm offer today but most likely an extension until refinancing done - or a less favourable offer if SP continues to plummet

This thread demonstrates how little most who post know - Zhevago's holding is in the Swiss/UK Plc - the Ukraine Gov will take 49.5% of a subisadary - Zhevago's holding will remain unaffected - essentially ALL share holders lose 49.5% and there's nothing anyone can do about it. WOW! I'm short here and hope this goes lower. But you all are really really ignorant of the ACTUAL threats to FXPO... Losing 49.5% of their largest mine will cut FXPO profits considerably, plus their ability to function effectively.

Zzzzzzz seen it all before. Scared PIs panic sell and drop the price. II mop up behind and wait for something material. Todays RNS did t say anything we didn’t already know

Crl123 is possibly the most delusional poster I've seen on FXPO chat. He'll still be ramping when the SP hits 25p and all II's have exited