Member Info for tootight

A good point regarding funds and use, I recall the word used at the time was ‘Ambitious’.
Hopefully that’s what part of it for.

A bit puzzling,
Where are you W$, with your 50 Million shares.
Something doesn't look right.

Many thanks Bozmo

Company view will always be positive, PI views may vary.

Personally don’t think funding happening until MMSEZ, no CEO until funding anybody who is half decent will want funds in place.
China may like it to happen but in no rush or it would have,maybe waiting on MMSEZ approval.
AC off take not enough alone to move forward.
Reads like company still not sure on funding required so negotiations cannot be that far advanced with prospective lenders.
A case of hold and be hopeful for me.

Not showing last three trades now, For the record all just after one pm, 2 @ 6.75 , 150000 about 10 k worths and other same price but 300000 shares about 20 k cash.

Looks like a few nice buys going through.
We are at low levels SP wise, but i will leave them to it for the time being.

The equity portion of the funding package is expected to be completed in H2 CY2021.

Been running at a loss since day dot.

Sorry it’s a H was excepting a Q,

2022 then.

H2

Only for 3 months though
Then H3

I wouldn’t pay any attention to the latest Q 1,2,3,4 or whatever timeframe is put on funding.
MMSEZ will need to be approved and work started before anyone jumps in bed with us regarding finance, the water issue will have to be addressed for that to start with a dam been mentioned.
Could be a few Quarters, years yet, but the coal will still be there waiting, if government policy still allows it to be used.
Still would like Q1 though.

Info updated, does anyone know if any significant changes, I only gone and lost the previous list, looks roughly about the same although would have thought M&G be lower than 12.4% after sells.

Had a interim for well over a year now, never got someone after DB left who also didn’t serve his notice.

Unfortunately I agree with your thoughts, no confidence whatsoever, been told it this quarter now for what feels like an eternity.
If anything less likely with a major focus on renewables in the financial market.

Still saying Q1 as well, hope so.

the Company expects to appoint a permanent CEO within sufficient time to allow for an orderly handover.
Acting CEO leaves Friday, sufficient time, not really ideal not to have new one in place beforehand.
Just Poor once again.

Excellent news and takes companies worth well above market value IMO, but funding is what will shake the SP into life lets hope it is Q1 2021, we have enough dormant mining rights, lets get one started.

A 10k buy is nice, but other than that this share has now been traded in a positive way for a good while now and seams hopefully to have left the lows behind, it is looking up and with news from china to come should continue.

You tube videos when we were Coal Of Africa, 10 years ago discussing Vele, sounded ‘promising’ all the way back then.
C E O’s have come and gone and going and all have made the various different projects sound‘promising’ , would like one to come to fruition.
Not going to hold my breath, but with Covid vaccine rolling out, maybe a plus for funding and works going ahead.

That’s a lot of money, hopefully enough to see PXS onto a profit making company.

Initially we assumed M&G were selling due to company policy regarding holdings in companies, M&G are now below the percentage mark required after the first sells, so why keep selling?
If it is M&G selling again, which is probable, how many do they want to dispose of and what effect will it have on SP, which is already close to all time lows.
Needs the latest deserting CEO to pull something out of the bag.