Member Info for JackSht

Getting a bit late in the day for this dog. Best to start thinking about writing any investment off. A particularly bitter pill to swallow in my case. Jack

Not really. Each time I hear something, it's a completely new twist on the last bit of news/gossip, so anything I/we say at the moment is total guesswork. In my opinion, I don't believe the Board of XPL know what they are doing; apart from clutching at straws. Think we just have to hold our breath and hope they pull a rabbit out of the hat. GLA Jack

what I'm looking for is just for XPL to come back. If that can be accomplished the rest will, imvho, fall into place. What I find confusing is the fact the Company is supposedly backed by Sprint Capital. The amount of funding being sought is, in the whole scheme of things, not very much. Surely they or their contacts could come up with such a piddly amount. BWTFDIK (clearly). GLA Jack

No news, sorry. Just thinking that they must offer an attractive price to get their money, ie less than 12:50. Someone suggested 8.00, but that IMHO is a bit too much of a giveaway. I'm being pessimistic about the future sp, but we should still get beyond £1 in time. Might be a year or two off yet though :-) Jack

Agree with you on that. Also, don't expect the sp to come back at 12.50. My guess would be a nice round 10.00. However, if the rto is completed soon after, we could be looking at twice that or more. GLA Jack

Don't know what to believe these days. Last (rumour) I heard was that XPL may have shelved the Pakistani options and might look again at the North African oilers, based on the prospect of an improvement in the oil price. Don't mind what they do, so long as they come back and do something (soon!). GLA Jack

....if this does come back to the market, we can be confident that they will do some rto business, else why bother. GLA Jack

Still no news. Looks like they have struggled to get more mugs to fund their rto ambitions. Maybe this will come back with just enough money to keep them going for a month, or maybe the next announcement will be a delisting statement. For my part, I'm all out of optimism for these jokers and AIM companies in general. Can't even give the usual 'GLA'. With deepest sympathy. Jack

Try next week for a flashing red dot :-) Might need to wait a little longer for multibagging news. GLA Jack

Yeh, sorry. I forgot to state that AIM listing was their ambition. GLA Jack

Looks like they may be struggling to raise the money needed to come back to the market, or they are forging ahead with the rto, or both, or neither. Whatever the case, I would suggest that they find some spare dosh to appoint a director of communications (or new one). What is it with AIM companies and their complete disregard for shareholders (and no, I didn't have a great Easter). GLA jack

You're probably right about the DD. I hope so anyway. If it is complete, I can see no reason to delay the return to market. I've a good idea how much cash XPL is looking for, but it's not worth speculating at this stage. Maybe the relatively small amount is just for admin costs, until the rto is completed. We'll know soon, I suppose. GLA Jack

I'm hoping that it is a matter of when and not if, although nothing is certain in this game. I suppose at least one of two issues need resolving before XPL comes back to the market. Obviously, completion of DD on the Pakistani prospects needs to be finished and provide a positive outlook. Probably before this, the latest call for cash must be completed, else XPL won't be able to fund the completion of DD. That said, the amount I've heard they are looking for is not much in the scheme of things, which concerns me greatly. Let's hope we hear something positive soon. GLA Jack

No doubt at all about the bus company and power station(s). As things have moved relatively quickly with these alternative targets, they were probably somewhere on the original list of targets and have, IMHO, merely jumped the queue in the light of the Imara failure. GLA Jack

Would suggest funds needed for new due diligence exercise on Pakistani prospects. New shares at 10p would be my guess. How much to be raised is anyone's guess. Only hope that the DD exercise takes less time than the original. Still think that the DD work on the oilers has value for XPL, either for another company wishing to take up where XPL left off or for XPL to revisit when the time/price is right. GLA Jack

Why indeed. Could it be that they are attempting to complete the bus company/power station rto before XPL comes back to the market. However, given that the due diligence exercise on the original oil targets must have cost millions, where would the money come from to complete another similar exercise. Is the suspension nothing to do with the new rto? Lots of unanswered questions and, therefore, lots of speculation (including this from me). I'd like to think that, having completed the original dd exercise, they may return to that/those deals at a later date. Would be great if we had all of them, i.e. cash generating businesses in Pakistan, funding (in the short term) the oil exploration prospects. Too much to hope for? Gotta dream eh! GLA Jack

Sorry folks. Just feeling down in the dumps with this stock. I hope that I am completely wrong and this comes back with deals done and the sp at multiples of where we are now. GLA Jack

...would be my advice. This will guard against being sh*t upon from a great hight, which is what I am beginning to fear is going to be the outcome here. They should have been back by now, based on the official information, i.e. the oil company RTOs. We know that XPL were attempting to negotiate a lower price for the deals, based on a falling oil price. Maybe those deals are dead and buried, maybe not. Then there is the supposed 'worst kept secret' of the Pakistani bus company and power stations, so any thinking around these deals is pure conjecture (and/or wishful thinking). Of course, the best scenario would be for every deal to go through (oil, buses company and power stations), but I'm devoid of confidence in the people of this Company and sods law says that I'll get stuffed. GLA (we'll need it) Jack

At least these will generate cash immediately.

So much for that 'secret' :-)