Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oily, I don't doubt that this will lead to a cut-de-sac but just maybe worth a look by you or friend.
https://www.fda.gov/drugs/frequently-asked-questions-popular-topics/how-can-i-get-access-drug-testing-has-not-yet-been-approved
Chairman wouldn't be able to sell on Feb 1st without creating a very bad look, so maybe he believes it'll go well in the future.
So I think the Chairman has spent £68,400 on exercising his Warrants:
'Director/PDMR Shareholding
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that Klaas de Boer, Chairman of the Company, has exercised 2,400,000 warrants at an exercise price of 2.85 pence each in exchange for the same number of ordinary shares of 0.1 pence each (the "Warrants" and the "Ordinary Shares"). The Warrants detailed above represent all warrants issued to Mr de Boer in October 2022 as part of the fundraise undertaken by the Company at that time.'
AN seemed to suggest that getting taken out at a low price was a real danger. It could mean that there'd be an increased chance of Director buys once the SP has risen and low ball offer becomes less likely. They may also prefer to keep their powder dry in case there is a raise next year. A raise accompanied by Director investment in the company could go quite well.
Director buys I've seen tend to give a lift which doesn't endure (unless you know otherwise?). I don't think a lack of Director buys in AGL is a necessarily a problem right now.
Hi Jason, Xeros did say end of Jan so you are right there but maybe all the brokers are on the Jan 24 timetable.
HL are showing XSG as 6% down today, as I write. Still above the 2.85p warrant price but what if everyone sells their warrant shares on the first morning they appear.
Xeros should announce any news that could affect the market but what if they know news is due on a particular day (and they expect positive or negative outcome) though not the definitive result. They could keep quiet without breaking the rules.
In the past I felt I was lead by the nose a bit here (good news followed by bad etc.) so I'm extra wary now. Someone with a bigger holding than I had, coupled with lower dealing charges than me, might be more inclined to take up their warrants.
Still a few days to decide!
Zidane, remember what they say about EC... ('It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear! And it absolutely will not stop, ever, ')
We don't have two weeks actually, according to HL:
'Action required before midday on 24th Jan 2024.
The final opportunity to convert your Xeros Technology Group plc warrants into shares is nearly here. Each warrant can be converted into one share at a price of 2.85p per share.
You don’t have to convert your warrants. If you don’t, they will be removed from your account after 31 January . You will not receive payment in respect of warrants you don’t convert.
Convert your warrants – act by noon on Wednesday 24 January 2023'.
Part of me wonders if they'll release good news AFTER this goes through, and after most people haven't taken up their warrants. Having said that, if they had good news to release and the SP had gone up, the warrants would have been taken up at the higher price of 5p (it was 5p wasn't it?) over the spring and early summer, under the original terms. More money for the company coffers.
Might change my mind but at the moment I shan't take mine.
'This will be 40p + by end of next week' based on what? Can only be a wishful thinking...
Hopefully better informed than the 'gap up' this prediction for this morning?
I wish you were right as I'm down on recent buys and should've waited / stuck to original plan. Nevertheless, I still have more shares than I did 3 weeks ago.
We can all write a wish list ('at least ten bag by February!' – see, it's easy) but insight would be more useful and possibly less damaging to people who take ramping seriously.
Before they began drilling at Tai 3 I said to Mrs Geeman that, from an insider's point of view, best scenario would be a poor result to drive the sp down (for them to stock up at bottom dollar) and then a good result at Itumbula. The theory partly explains why I bought more just before the raise RNS which I didn't see coming (who did).
I released a few £s elsewhere and averaged down here, just a little; 5p now.
Is there any way back above 5p on a commercial discovery?
I bought my last tranche back mid-morning. Whilst I think there's a good chance of the sp drifting lower if there's no news, I have more shares than I used to have, and moved a little cash elsewhere for a really short time.
(Shouldn't complain if I haven't timed it as well as I might have done.)
If things settle down with the sp and then Directors buy, that would indeed be good news and good for the sp. (Not infallible indicator as previous Director buys illustrate only too clearly.)
MarketV,
What I said was that it can't have been closed period since April 23 and they haven't bought.
BUT *if they do buy now* (as some poster write they expect to happen) that would imply that news is all out. You yourself say they might not be able to buy if news is impending.
Pls read my post again now that I've clarified.
Does anyone know how quickly a purchase by a Director has to be announced? Isn't it 2 or 3 days max?
'The directors MUST be considering buying too...... why should they miss out! ' – EC
Apart from a brief period around September 10th the sp has been well below 18p since April 2023. It can't all have been closed period. If the Directors had wanted to buy I suspect they would have done so.
I'm not up to speed on the options situation at all, and AN did buy in the past at a much higher price quite a while ago so is willing to buy. If the Directors bought in the last week or so I'd be surprised. Maybe they are waiting for 12p-15p now that all the recent news is out – which would imply no more immediate news forthcoming.