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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.
Disappointing another drawdown made...
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.
This will go up steadily. I'm sorry that you are a bitter LTH. Better luck next time.
What are you on about.
That's a great update.
Yes, there is truth in that. However, at the same time you have another TR1 holder allegedly adding.
We could make assumptions all day on why somebody is selling I guess.
How. Seller looking to get out and selling into volume. I'd be doing the same if had a big position and wanted out.
The moment we've been waiting for.
Volumes coming back. Looks like major selling is now drying up.
Previous I couldn't even shift 500quid.
I haven't tried a dummy sell for a while but today I can get quotes to sell my whole holding in one shot.
My bad allthatguff. I investigated last night and there isn't one.
I just saw on Stockopedia he was listed as a new major holder declared on Jan 2 2023 with 3.7m but there is no TR1.
Thanks for pointing on the drawdowns. I made the following notes:
Last Equity Facility announced on 14th November for ZAR 550 million
Dec 1st 2022 - ZAR 307.5 million
Dec 22nd 2022 - ZAR 135 million
Jan 25th 2023 - ZAR 60 million
Feb 27th 2023 - ZAR 40 million
March 28th 2023 - ZAR 25 million
Total = 567.5 million drawdown (maybe there was some left over previously)
I assume they have planned these drawdowns as per ramp up of sales.
What will be interesting is whether they need any more loan facilities?
Historically they announce a final drawdown and then the following month announce a new facility.
Last drawdown was March 2023 and they've not announce a new facility in April or May. So seems good?
Also, I missed that Colin Ikin became a TR1 in January 2023 with a 3.7m holding.
I have no idea who he is but to declare a new/large TR1 position when all the drawdowns were happening would lead me to assume he has some very good foresight and/or intelligence that KRPZ were very close to a cash generating position?
Anyone have the link to the Telegram group?