PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Agree with you sniper, and it might be the “fingers burnt” feeling stopping them doing so. I’ve also stopped buying and won’t be topping up even at these prices unless we start to see a good business plan from a net BOD. There is a lot of news that we should have had by now, so one can only assume it’s bad news to come. I hope I’m wrong, but things look really bizarre to me.
GLA
TLM
Looks like the website has been updated finally but showing Antoine as Interim Executive Chairman still, so I wonder what the plan is to appoint a structured BOD? Or is that just not happening and this will just slowly drift into extinction?
GLA
TLM
Because the Market Makers just don’t want these right now, and others have already filled their quota for today. Hopefully that will change but doesn’t look good, still no comms for nearly a month, the new CEO needs to get his act together or these are for the coffin.
GLA
TLM
The link effectively says Align
Corcel - Cessation of Coverage
Cessation of Coverage.
Align Research is ceasing coverage on Corcel with immediate effect. Please note you should no longer rely on any previous research or estimates for this company.
A director of Align Research owns shares in Corcel.
I’m not sure how old this link is but you can see it on the align research page.
GLA
TLM
Not good if this is a recent link:
http://www.alignresearch.co.uk/cpt-company/corcel/
GLA
TLM
Another day with no news, I think I’m going to start offloading at the end of this month, you win some lose on others.
GLA
TLM
Luke,
I agree and that’s a tad concerning as it suggests they have no one actually controlling the8r marketing, or at least effectively. And as there still seems to be no feedback from their most recent presentation from Antoine I am starting to wonder what the hell is going on. We still don’t know why JP stood down, nor what’s happening with some of the other long outstanding projects which we would have expected news about. I would have expected a bold statement from the new team but the lack of news flow is very apparent, so in short, very disappointed yet again.
GLA
TLM
Sorry, meant 6th July.
GLA
TLM
Luke,
Cheers for that but I thinks that’s prior to the most recent presentation, the date of this upload is the 6th June and it has the Executives still as the old lot. They really should update us. I’ve messaged them and asked for an update. If I get a response I’ll update here.
GLA
TLM
Siennaj,
If I remember correctly, riversgold had the rights to purchase up to 70% of the project as they would also be fully funding all aspects of the project, including and extraction costs. I could be wrong but I’m sure others can advise better.
GLA
TLM
Siennaj, I’ve seen all sorts of things done with companies at this level, and anything is possible but I’m not saying this is a bad thing, and as I said before, I think the new investors have skin in the game now so they will no doubt want to see the SP rise, which is exactly what we need.
GLA
TLM
Confounded,
I’m fairly sure there is a power grab going on, but the purpose is yet unclear. I do however think it won’t be long before we find out and I’d be very surprised if it’s not similar to what you have just highlighted. I would think that whatever is afoot we will see the new investors pushing forward and driving for returns, just not sure if we will be part of that, only time will tell. Happy to wait a little longer personally.
GLA
TLM
Mt Weld results, good or bad are due out soon, so that could be the catalyst.
GLA
TLM
Ed, thanks for your views and I couldn’t agree more, this looks much more positive than it’s been for over a year now and I’d wager that when a potential is announced in an RNS it’s much more likely to come off now. It’s always a good sign imo when the executives invest into projects rather than using the rinse repeat dilution model. I do feel more confident now that we could see progressive upward movements in the sp if we see continuously good RNS announcements.
GLA
TLM
Antoine Is doing it.
GLA
TLM
He’s still working for the company, just in a different capacity.
TLM
Yep and it could be a good thing, don’t forget the new Italian investor has more skin in the game so will definitely want the SP up. Not sure about the Ag projects now though, let’s just hope money talks and projects move forward with the new investors funding the projects ;-)
GLA
TLM
Luke,
Let’s hope so ;-)
GLA
TLM
Sniper,
I personally think it’s great that they have made the board changes as SK was always being suggestive about things that never materialised and one thing I noticed is that when he had made statements about x y or z being fantastic and giving a timescale they very rarely were met and they normally ended in dead silence for long periods of time until the bad news arrived, so in that regards I’m pleased he’s no longer in the same position. I also agree that the new board now have some skin in the game so their interests are now more aligned with us, and I do feel that they are more focussed now. I’m just hoping that they start to deliver and I’d like to see them buying back shares at normal market price to show how dedicated they are in bringing the sp back to a level place. I guess we will have a better idea after todays presentation, if it’s more of the normal “we’ll do this, & bla bla bla” I think we all know where it’s going. They may deliver a detailed route to returns, so happy to see what occurs and I’ll decide over the next month or so.
GLA
TLM
Someone feels confident with that 5K purchase, let’s just hope things improve after tomorrow.
GLA
TLM