RE: Dividend28 Feb 2025 18:23
After nearly 2 years of being able to acquire shares under 6p, the situation is becoming increasingly frustrating. As a long-term holder, I'm seeing little value despite growth in revenues.
By May, we should have started drilling at Viura (hopefully without diluting existing shareholders) AND we should have clarity on revenues when the accounts are published. MR reveals enough info to calculate revenues yourself based on his statements, people may pay more attention when the figures are officially documented.
At the current share price, PXEN likely cannot continue to exist for another 6 months. Either the share price must increase, or the company will become an acquisition target. I expect potential buyers will show more interest once the above occurs or further drilling licenses are secured. Romeral will be transformational.
At this point, it's really just a matter of patience. Though this has been a very frustrating investment, it SHOULD eventually pay off.