Member Info for jains

Directors probably have some insight into the selling hence they aren't going to put their money on the line because it's not about to stop

130,000 tonnes sold but we have no idea on what they're getting per tonne.

May 2023 is $345 per tonne. They should be making good money.

Must be quality issues?

Yes. I've decided to hold on that basis. I'm already 70% down anyway.

GL.

Surely ARC would know this and wouldn't keep offering loan facilities?

No wonder ria was in full ramp mode.

Yep, already down so much I'll hold and hope there is light at the end of the tunnel at some point. It must be bad though.

Oh dear. Not sure whether to hold on to what I have here.

Nigel50 I expect the production RNS will be the start of a slow and steady rerate.

In my opinion one thing that needs to happen now is that the directors need to put their money where their mouth is. We all know first gas is coming with an additional two wells to follow (not in broker note) and that there is a fantastic pipeline of news to follow over the next 12 months.

So, when are director buys or the options being exercised? The BOD should have a bit more skin in the game. No excuses now.

Group of sellers wanted out before the rumoured TR1 was going to exit (no credence to the latter).

This has held back the SP and momentum as of late. I don't know if they're out or not but they really can't have much left to shift. I can't blame the sellers to be honest. There is nothing wrong with locking in a profit. However, if you're a recent or new holder and you're prepared to hold medium to long term you'll be rewarded. It's simple revenues, no debt, generating cash for future acquisition, onshore, direct connection to the grid. Blows the debt laden likes of IOG etc out the water. Let's have it!

Additionally 2 selva wells are surely nailed on now and not factored into broker target of 20p

It's just a matter of waiting

Nice 250k buy after close?

Nigel the fact the volume has been dropping off over the past month or so is a good thing. It means the big selling is winding down and price has been consolidating as new holders enter to support at this price level. PXEN is displaying the type of price action you might expect before a big news item lands. I like to think of it as the "launchpad". If price could just close above the 8 and 21 ema that would be great.

This can explode on very little volume. I'm not sure first gas will be the catalyst many hope for although it will certainly help. It's the rest of the news flow that will arrive in H2 that will help. I expect this is why new brokers were appointed? It will help get the news out and hopefully a new broker note. I'm confident TR1s have been working behind the scenes to the benefit of all holders and I expect Mark will take a bigger position when he is able to. All this can only be a good thing for the company. We need the gas turned on now though!

Want to see buying into the session close that would give some confidence that the RNS is going to land

Hope 1st gas is this week? Might inspire a bit more confidence in PXEN only a few days left of the quarter now.

Adam is as bent as they come

He has made a fortune though

Disappointing another drawdown made...

It could do with some voluntary director buys to boost confidence rather than the forced bonus ones

I think we'll find the next update will come bearing fruits.

Deadlines have been constantly missed but you're a bit of a mug if you think they were originally going to be hit anyway. This is AIM in Zimbabwae with a CEO who has a questionable background.

If you research local news and also pictures on Twitter I think it's pretty obvious that this is going to materialise now.

Patience pays in AIM and long term you'll be far better off sitting on your hands right now.

Seems like first gas is going to come very soon now hinted by KB.

Looking like the bottom is in here now.

Rumours of RNS coming soon.

Decent whole numbers going through.