RE: Warrant Conversion21 Aug 2021 08:59
The only reason this is movement in the share prices is because of the new TR1 holders.
The CEO has been appointed by the a board that has done nothing for years , the only reason they are still on it is because they were not up for re-election.
72% majority vote to oust Smith & Dawson
The 20% purchase of the UOG holding in the Italian asset is ridiculous. The price they are paying has been based on gas prices according to the new CEO in his first interview. Bad business. There is no approval for this well and hes not guaranteed production. He has agreed nearly double the price we paid for our 17% 2 years ago. What makes him think it will be on production anytime soon.
Clearly a poor start. 66% of the market cap for this 20% and they are raising debt.
Who is the debt with , Possibly Warrego ?
PXEN is becoming a baby Warrego with two Warrego hats on the board. Whats happen here is we are loosing our identity before our very eyes. It's a disgraceful show.
Mark was clearly ill prepared for his proactive interview and clearly shows no CEO merrit.
Bring back Ed all is forgiven.
This board need to be fully replaced.