Member Info for LordSnooty

it is a case of people seeing what they want to see, but as I wrote here on 21st October, Henderson is selling, not buying.

Steady old lad, Jimmy has fists of cobalt and biceps of titanium.

Jimmy's calendar goes straight from March 31st to April 2nd. No one fools with Jimmy.

unforeseen delays in funds coming through, one has had to resort to some well-worn subterfuges in order to keep the accustomed comforts of mature married life rolling in. The potting shed at the bottom of the kitchen garden, long a Snooty refuge when the tempests of matrimony boil over into volcanic conniption, has acquired a new Chubb. Behind that stout oaken door, to which only Snooty has the key, are safely concealed, under the model battleships that have been one's hobby these seventy years and more, stockpiles of the finest Calvados, together with an adequacy of Monte Cristos supplied on credit against one's good name. Together these ensure a patient and pleasant reverie whilst awaiting the inevitable good news from America.

- no mention yet of funding secured, but: - capital cost estimate increased 30%, from last estimate of $142m to $185m. - pilot plant now shut, no revenue therefore for two-and-a-half years, until "early 2016", when they hope to have new plant built and running - note 'hope' - FDI do not have a good track record in this respect. - grid power (remember that saga?) now estimated to cost an extra $5m, largely because no other mines appear to want to share costs any more. (Why not?) What's more: - 'owner's team costs and contingency allowances' seem to have increased. One can imagine what they might be. In a nutshell, the new team is the same as the old team, full of obfuscation, bluster and spin.

and tremble.

....but he knows you.

that begs the question, which stock exchanges are 'recognised'? As far as I know, our first port of call when we enter the American sphere will be OTCBB I think. I'm assuming our ultimate destination will be NASDAQ but who knows how long it will be before we arrive there. Best take professional advice regarding ISAs etc.

best address your question to your broker, we only have a few numbskulls who know nothing here.

you will owe a thunderbox full of tax once this little baby starts motoring.

When I was just a little Snoot, I asked my Pater, What will I be, Will I be handsome Will I be rich Here's what he said to me: Que sera, sera Whatever will be, will be Xenetic's the one for me Que sera, sera. (Reprise)

at the trajectory of our role model - Shire - SHP.

and other 8.X RNSs are mandatory during the offer period of a takeover. Not sure who pays though.

that Jimmy eats rebar for breakfast - AFTER the cement has set.

Behind every successful man there is a woman. Behind every dead man, there is Jimmy.

Is that Jimmy to lose his rag = evens?

One's twin American cousins, Elmer and Truman Snooty, will find a home for us when we migrate. We shall not be live in a cardboard box in the Bowery., never fear.

XEN will be moving to the OTCBB market in the US, which will of course mean that this and other UK XEN threads will become redundant. While it will no doubt be a wrench to say farewell for many followers of Snooty, such a move will have the unforeseen benefit of putting a stop to Leeson's appalling, tasteless jokes once and for all.

I wasn't thinking of the very limited issue of shares mentioned in the Interims as the 'cost' of the deal. I was thinking of the modest placing mentioned, that will take us through to next year.

My own feeling is that it would be premature to detail any putative placing or rights issue with the offer documents. I may be wrong but I think the Board will want to 'bed' XEN in in the US, get some trial and other news out, and see where the share price goes before raising capital. They did say a small fund raising in Q4, but time is as usual slipping by and it wouldn't surprise me to see any placing or etc run into Q1 2014.