Member Info for scotlouie

I think the main reason why the market hasnt re-rated PXOG on those results is because the company had an operating loss of over £1M. This is still a loss even those there is a maiden profit on the books, its came from an increase of net book value (77% increase) this is good for the books but it isnt profit. The company didnt have any revenue at all this period.

Company have stated to have more fund raising 'as and when required to cover the groups development'

On a plus side there wont be (or should not be) any fund raises until 2nd quarter 2020. That kills any placing fears in next few weeks.

Market hasnt priced in italy in my eyes as they know it will reuire placing/ funds to move that along. They also havent priced in spain into current sp. This will also require funds.

What we need is some good news from romainia on a 2nd commerical gas hit which would boost sp and boost markets confidence in pxog. Until then market doesnt believe in ed's story or the book value.... which in my eyes is currently undervalued what pxog should be.

Is there any thoughts pxog would be happy and keep a 15% stake in Tesorillo after surveys can prove how much gas is there. I know its much better getting a bigger slice of the pie but they also need €1,725,000 to aquire the remaining 34.9% before considering drilling costs, if gas can be proven in surveys pxog could easily farm out 34.9% interest in the project then its far easier to stump up the 15% of drilling costs for the exploration well. Thus reserving capital for east selva.

That way spain could easilly be fast tracked as long as all parties involved have acess the the capital to start drilling. This in my eyes would be the best option for company and shareholders. If we go at it alone then its going to be heavily diluted through shares which is already going to happen when selva east is ready to start drilling.

50% holding in romania, 17% holding in italy and 15% holding in spain could open up another short term drilling project onshore europe with minimum investment needed.

Earning per share is 0.065p

On a fair value of PE x10 would indicate a price around 0.65p. Fully funded well thats to be drilled june/july.
2020 selva production starts.

Net value on investment £4.3M vs current mcap of £3.07M

And nothing currently valuing for spain (obv a buck load of funding needed for this at a future date)

But i dont think results are too bad.

A few nice surprises... wonder what he was hinting at that.

Doesnt really matter what price we open at. Its going to be heavily sold into and a huge sell off on the morning on ipo. Lion may have a great future and im not saying it wont but many will want the money back into their account as long as theyre in profit. I for one will be selling the first chance i can. Not saying i wont reenter when the dust settles but i want my capital back from being locked away for over a year. And im pretty sure im not alone. But we will see how the tally kicks off. If it does well might make a few quid on ipo. If noone has any interest in it then might be in limbo for a while!

Not much anyone can do but wait until relist news

Thanks clarky. Ill drop in over the weekend see if anythings gets posted

Not checked bored for a few days. Has there been any announcement yet guys?

Ted you have to understand that the process is out of AGL's control. They have been advised to do trails etc for the FDA submission. They have done this all in a prompt and timely maner, they have updated shareholders and in my eyes done an excellent job in the process. The added stuff needed isnt requested from our AGL BOD its from the FDA. We are meerly jumping through the hoops the throw at us. But have clearly stated that its nothing big and will (or should) conclude in Q4 this year ready for submission.

This isnt a setback if you understand the company. Understanding AGL is a long term investment rather than a jam tomorrow stock

Or look at it another way. Buy the shares on open market before news dropped to hedge bet and short before todays news comes out... again totally against insider trading regulations but chinese have a way around things!!! Ruyi wont be out of pocket thats for sure !

Alpha that the catch 22. If they lower the % in stake ruyi wont have a controlling interest in the company. Why invest over the market price for a huge chunk not to have a controlling intrest of the business. The mess with china and usa right now doesnt help things. Im not sure what ruyi will ask for but they can quite easily walk away from the money they sent already.

Either way market will punish sp today.

LLP for all the time ive been invested its not even dawned on me those meanings!!! I guess im not a country pumkin and know my tractors lol!!

Still a fun bit of knowledge!

To find out what railsbank 'HUGE' news could be at the money2020EU

At least it gives us all something to talk about rather than the usual 'when are we relisting' convos!! Lets see what railsbank pull out the bag as lion/tally will have a knock on effect (when we relist lol)

Bassguy im the same already written off the £6k holding when they delisted. I dont live in hope its out of my control so if they come back ill sell. If they come back with a tidy profit ill still sell and be very happy that my money was locked away for so long. Until then theres no real point looking into too much of the daily/weekly messages from them. End of the year and a possible return ipo or return to market under TALLY will suit me!

Well done all. Always great to see and hope a few made a few bucks here today

Since achieving the peak and highs of over £1 back in 2014 (and yes theres a hell of a lot of us still here on this board!!) it went on a 4 year down trend until it bottomed out at the start of 2018. Maybe down to world recession... bexit worries... overall down markets... smart money removing capital till nearer FDA clearance which the smart money possibly new was years away.... whatever the reason AGL has def turned a corner and to me it feels that we will surpass the highs of £1+ which we seen back around 2014, in coming months and i would guess before FDA clearance. Its already started a strong up trend since back end of 2017 creating higher highs and high lows on the chart... for all those whos not into the charting black magic that is also called techincal analysis, thats a good sign of a rising trending stock. Bulls are coming back and viewing AGL as a sound and strong investment. Obviously this is down to the pouring of good news we recieve and also the up and coming FDA submission and clearance... how soon?... i dont have a clue but i would guess soon if not before end of summer this year judging on previous BOD's comments and newsflow. But things could happen and setbacks occur but i think were still on track.

Things are looking good for AGL and the board is still quiet so flying well under the radar to most. Which is always a good sign. Ill continue to add when i can until i get my exit target price but im more than happy to hold as i can see the end result coming into play!

All the best all and hope this year will return a nice return for all invested early enough before the big old move north on FDA clearance.

..."we look to deliver multiple value trigger events for our shareholders."

Im still waiting on the 1st value triggering events from last year!!

...another piece of the puzzle slotting together!

Seems markets are viewing AGL on the bullish side once again and rises are being kept... more money moving in building up a position!

Looks good guys and gals ;)

Support at these levels are holding and after several failed attempts for the bears to push sp below 50p, they seem to be loosing the struggle which may turn quickly in our favour. 70p could be a nice target over coming weeks (without the obvious newflow)

All looking good in my eyes.

Ah yeah simber your totally right. I was thinking of the 6 monthlys which are 3months they have to be released. Full year is 6 months so could hold onto them a bit long of they wanted to.