Member Info for RobertW

I thought that the chosen wording in the previous RNS, that at the current share price levels it is extremely value accretive to buy back shares. The words "value accretive" in this scenario, I take as meaning adding more to the bottom line than it costs to execute to directly increase FNKs financial value.

I note also that the board will be seeking a reapproval from shareholders of the permission it received at the last AGM to buy back shares. I would encourage everyone to support such a motion and await with much interest Tim’s feedback after he attends the AGM albeit I have no questions for him to ask on my behalf this year but he could pass on my opinion that they are doing a grand job and to keep up the good work!

Very pleased that your are ok and that you can still continue to be this bulletin boards' eyes and ears at the next AGM. You got me worried for I noted that you had not posted for some time. I still think that this share could prove to be a good investment and your report back when the time comes will be invaluable.

An announcement today reads: The Company has a requirement to repay the full balance of the Savanah Energy Investments Limited loan ("SEIL Loan") of US$1,959,053 before the end of December 2025, in accordance with the renegotiated terms of the SEIL Loan announced on 25 April 2025.

Can the Chappy who has the direct line to the board enquire whether they have sufficient funds to make the repayment, whether they plan to raise additional funds to do so from a third party or whether they plan a rights issue? Apologies for not remembering your name it has taken me an hour to recall how to post this message - must be showing my age!

Thank you very much for taking time out to attend the AGM again this year which is very much appreciated. Your feedback doesn't prompt me to change my stance for another year of not being a buyer or seller of shares in Fenikso. Indeed, I was very pleased to learn that the payment of the SAVE loan by year end is still on schedule. Although it is speculative to lend in the sub-prime market it can prove to be very rewarding and is worth giving the management a chance to earn their corn which could increase the wealth of their shareholders if they make the right calls!

As I mentioned in my previous message. From my experience as a pensioner in his mid 80s the feedback from anyone attending an AGM should be paramount. Tim has identified himself as the person who asked a question on my behalf at the last AGM. You all have the chance to ask Tim , who says he will attend the next AGM, to put a question from the Floor on your behalf - I urge you to do that. I am now on “borrowed time” but I am considered to be a prudent investor by those who know me. I built my successful portfolio by asking questions - I am unable to go to AGMs but welcome the news that someone can ask my questions for me , albeit this year I do not have any. You can all take advantage and benefit from having someone at the AGM that can raise your concerns without you being there? From personal experience feedback can be positive or negative NEVER ask a question in anticipation of getting a positive reply that might increase the share price that is not the objective of my very strategy - I have had negative feedback from an AGM - it is up to each of you to ask the right question and read between the lines of the response. I do hope you do not think I am lecturing you that is not my intention I can assure you - I am just passing on the benefit of my personal experience. Good Luck!

I personally do not know any member of the board of directors of Fenikso or indeed any member posting on this board. That said, one poster went to the AGM and his feedback was encouraging and from my experience as a pensioner in his mid 80s is that the feedback from anyone attending an AGM should be paramount. I have a substantial holding in this company - not going to buy or sell any of my holding. Not recommending - but the Tip I pass on to you ALL in this message should be considered by you. I can afford to write off my holdings but I think the management which I think are three directors but could be wrong are worth paying the going rate to and are doing a grand job.

I could not believe what I was reading in the RNS: "refers to the Savanah Energy Investments Limited loan. The loan currently has an outstanding balance of US$11,525,424 and it has been agreed that it will be settled for US$5,762,712. Fenikso has agreed to pay US$2,500,000 immediately on signing with the remaining US$3,262,712 payable on or before the 31st December 2025. Post the repayment to Savanah Energy, the Company expects to have over US$1,500,000 of cash and investments on its balance sheet". I am impressed - lets hope that there are no unforeseen future problems. Still will not increase my substantial holding but was tempted for a few minutes on the management's negotiating skills, I assume capitalizing on Savanah needing the cash earlier than scheduled - well done!

The three million share transactions look like recent disposals. I have a substantial holding, I will not increase my holding but I do think that this is not the time to even think about selling. Do your own research but I think this has a good possibility of a substantial revaluation from its current share price - but I could be wrong!

Many thanks for doing that. I am sure that a website message box will be the most efficient way of communicating between shareholders and management knowing that emails sent to them appear to be so unreliable and may not even arrive wheras a website message box system is guaraneed to get through. I am not adding to my share holdings but I am not selling any of my shares either I bought my shares in LEK back in 2017-2018 at a price I would be surprised that FNK can achieve. I am lucky that I do no need the funds and can afford to write off an investment for I have been very lucky with other investments. I invest on the assumption that some you win and some you lose but NEVER invest funds you cannot afford to lose if things do not work out.

Many thanks for raising the question and for your excellant impartial feedback - most welcomed. If you have a direct contact with the management can you please suggest that they incorporate a message form on their website to be used instead of e-mailing them please?

In RNS Number : 0984W Fenikso Limited 12 July 2024

The Board proposes to introduce a new incentive plan for directors and employees of, and consultants to, the Company. Under this new incentive plan, the Board shall be authorised to make payments calculated by reference to any profits generated by the Company from investments under the revised strategy (and not by reference to any repayments of the loan to Lekoil Nigeria).

If anyone is attending the AGM can they please ask the question from the floor as to why the incentive plan cannot be based and only being payable following an increase in the share price to specific levels. This would be fairer to shareholders. The board have proposed that it is calculated on proposed profits generated from their successful investments with no mention of off-setting any investment losses.

This would be an incentive to existing investors to stay on board and would certainly encourage new investors as well as being news worthy for journalists. Has the Board the confidence in their investment judgements to accept this more equitable proposal where both the recipients and he shareholders can benefit should they be successful?

You could phone First Sentinel Corporate Finance (AQSE Corporate Adviser)  Brian Stockbridge +44 (0)20 3855 5551 If you get any info before the next RNS please be kind enough to post it on this Share Chat message board. Good Luck He was the contact name and number on the last RNS 4320O issued on May 15th. Ask why emails are being blocked or bounce back for I have had the same experience. Sorry but I am unable to phone or I would do so.

If the same amount ie US$1,290,672 dollars received this month is repeated for the next 11 months then the income will be US$14,197,392 then the US$13,298,493 outstanding loan might be paid subject to the ongoing administration costs levied by the directors. This is a fair punt but not for Widows and Orphans! I am prepared to see what happens and not cash in but would not increase my existing holding.

They didn't reply to several emails I sent. But you will see from url on their website: https://feniksoplc.com/investors/aqse-growth-market-rule-4-14/significant-shareholders-table/ that there are now only 4 significant shareholders and if Savanah Energy Investments Limited still had an outstanding loan they would have voiced their concerns by now I would have thought. In the Interim Report 26 Sep 2023 they say: As at the end of June 2023 LOGI had complied with all conditions of the Settlement Deed save for the cancellation of certain shares in the Company owned by Lekoil Nigeria, Lekan Akinyami and Samuel Olutu. The total shares that should have been cancelled are 107,658,847 ordinary shares. On 2 August 2023 the Company announced the surrender of 106,443,637 ordinary shares held by Lekoil Nigeria to the Company for nil consideration had been completed. The Company has agreed to extend the period during which the remaining 1,215,210 ordinary shares that are required to be surrendered by Lekoil Nigeria in accordance with the terms of the Settlement Deed until no later than 15 December 2023 so the fact that is not listed among significant holders is positive. Finally, if you click the HOME page on their website they make a statement: This website is currently under reconstruction and will be updated in due course. They would not be bothered to update their site if their were any serious problems I rightly or wrongly assumed . You could phone Brian Stockbridge +44 (0) 20 3855 5551 being the point of contact on the last RNS ie RNS Number : 8370A Fenikso Limited 25 January 2024 . If you get any info before the next RNS please e kind enough to post it on this Share Chat message board. Good Luck

BHP considers additional listing in London for demerged company https://uk.news.yahoo.com/bhp-considers-london-listing-demerged-company-145138176--finance.html

The rise today appears to be due to this article: https://uk.finance.yahoo.com/news/buzz-fresnillo-clearer-skies-2015-085734941.html that said, you were spot on New Kid - is the only way up now? I am well down on FRES even my top up purchase to get a lower average shows a loss from what I paid for them.

If you go to the BHP website and send your query to them via this url: http://www.bhpbilliton.com/home/contact/Pages/default.aspx you will get a detailed reply as indeed I received to my query. BTW, shareholders will be given the opportunity to vote on the demerger proposal and it is the new company that will not be listed in the UK but you can still hold your shares in that Company which will be listed on the ASX which is the demerger goes through will be my chosen option.

Hi Elvis, I am watching FRES sp and will buy another tranche once it turns more positive This is the 6th day on the trot in the red - looks oversold to me but because since my last purchase of 898p it has contiued to fall I thought I would take my time and buy after I see it closing in the blue. Good Luck with your purchase. I am sure you will make a profit on your price.

Hi Hughsie, pleased to see you back on this BB for you appear to have a good feel for this share. Do you see this going down to 810p then? I bought more on Friday at just below 900p thinking that to be a good price albeit Ipaid a lot more than that for the rest of my FRES holding. I am seriously thinking of buying more next week to reduce my average even further hence my seeking your opinion or indeed anyone elses's as to which way you see this share going in the near future. I have convinced myself that I might make a profit on it in my lifetime, albeit I am on borrowed time!

First time for ages I decided to top up on FRES this morning, alas I am already showing a loss on my new investment but at least my average price of my FRES holding is reduced. Lost for choice which shares to top up today, undecided between RIO, RRS, BLT and FRES and plumped for the latter - hope I do not regret the new purchase. Any opinions on which way FRES is likely to go in the short term.