Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Folks. Nothing doing so far as any news is concerned. As I advised a while ago after contacting the Chairman, they have large debts but are still looking to do something with what is, in effect, a shell company.
I would be happy to join and/or work with a group of XPL private investors to move this stock on to some kind of conclusion, even if that only allows us to draw a line under our losses. For information only, I hold about 5% of the shares allocated. GLA
Looks like we have our answer then. I must qualify by now for an honorary degree in straw clutching :-)
Most probably someone searching the boards for work but, if indeed this is serious, my issue is not so much with Xplorer but the broker who constantly advised me to buy, knowing there was no market for me to sell into (at least not in the volumes that I held). My losses run in to the hundreds of thousands, having once held over 10% of XPL. I currently hold just over 560K shares.
Can only dream now, as not a penny to invest. If XPL had come off, and it was supposed to hit �1.40, my investment would have been worth about �1.5m. I intended putting a couple of hundred grand straight into Sound Oil, which was below 10p at the time (that would have been another cool half a million). Another �200K was going into KIBO mining, which has yet to do its thing, but will multibag within a few months. Could have been sitting on nearly �3m in another life.
Pleasantly surprised to receive a reply from Mr Roddison. Much as has already been reported, i.e. were trying to get something going a while ago but it didn't happen (obviously), due to a number of reasons. They have large debts which, I imagine, will hamper any future attempts. John said that he would let me know if the situation changes. Not great but at least it was a response.
He's probably too embarrassed or ashamed to respond or even acknowledge my email, particularly given his present position. Who would want their name associated with an utter disaster. He might just be on his jolly hols though.
Will do. Email sent early yesterday. No response as yet. Don't think we need hold our breath though, but you never know.
Cheers for that Andrew. I'll give it a go. What's to loose eh!
If I had a contact number or email address I'd ask why they are not trying to sell this as a shell. Surely that would be worth something. Can't see that they have the skills or personnel to do anything else.
If I had a contact number or email address I'd ask why they are not trying to sell this as a shell. Surely that would be worth something. Can't see that they have the skills or personnel to do anything else.
Only thing I can suggest is that we, the shareholders (owners), get together with 6.5m shares (I.e. 51%+) and determine the future ourselves.
Let's try niaivity. That said, it may take a second coming to put things right (like after the past two years I would ever believe in a god). Thanks for your thoughts Atisha and apologies if my enthusiasm led you to this stock. Jack
As a founding shareholder with the largest number of shares outside of the Board of Directors (10% +) I would dearly love this stock to return. XPL and a combination of bad advice, nativity and greed destroyed my life completely. I lost everything (marriage, all of my money and the respect of all) and was so close to taking another bad decision. Still here though and living from week to week. Would be great to be able to speak to those at XPL and have them put everything right. Can't see that happening though. A lesson for all. Jack
Well.........there are only just over 12 million shares in issue. Maybe we could muster a group of like minded shareholders with sufficient holding to take control. Just a thought. Jack
What did you have in mind Tamer? I'd be up for us shareholders taking control of XPL, but it's not easy getting sufficient numbers on board. Not impossible though, as I was part of a group that got some action at ECR some years ago. Jack
Best ask Winninstreak mate. He appears to be the only one with any info or a route into what XPL is up to.
Don't have any contacts these days. Would love to hear something, even if it's just confirmation that my money has gone.
Let's stop p*****g about, building up hopes and playing 'I've got a secret'. Just post what you know or the contact details of whoever you received the info from and we'll ask for ourselves. Aren't we all in this cr*p together.
I very much doubt it.
..this is an empty shell company and has a value to anyone wanting a listing. Don't understand why, if the XPL Board can't make it work, they don't sell the shell to someone who can. Useless feckerz.