.

i take it your home after the xmas bash cyners,,

hi matey .... yes; drove home this morning and am now in need of a good rest! .... btw, many thanks for your kind chanukah wishes .... i trust you have neither burst pipes nor find yourself sheltering in a (melting) igloo

Richard, assuming the CPR is in the process of being updated and assuming raising of finance will be partly addressed by issue of equity, it may be a fair assumption Institutions will have first sight of the CPR; in which case announcement of both could be simultaneous. I doubt the fund raising, indeed if there is one, will have much of a dilutive effect on the SP. If the BoD are their usual proactive selves, I would also anticipate news during the first week or two of January.

I'm still hoping for that gap to be filled to 320p at which time I'll have another go.

There does seem to be some confusion over the XEL directors options.

All three of the selling directors who sold a million have "Tranche-1" options awarded at the time of listing where they can buy 1 million shares each for 80.5 pence a share.

Please refer to page 13 of the Annual Report.


http://www.xcite-energy.com/docs/245003%20Annual%20Report_v6.pdf


Given their trades are as yet to be reported its highly likely a institution wanted a lump of XEL (possibly ahead of a future funding at a higher price) and offered to buy the stock from the 3 directors, and these 3 directors can easily replace the stock by taking their Tranche-1 options at 80.5p therefore netting them a rather nice New Year bonus without in effect losing any of their present stock holding level should they all exercise their Tranche-1 options.

349p now and falling... I'm waiting for 310-320p.

volume is very light, and for most of the time this morning, the spread has been 7/10p .... typical of MMs playing silly-buggers, but that is always going to be the problem with XEL until it becomes a SETS stock

by the way, does anyone know anything about NVTA?
i know it's a rare earth miner, which makes it potentially interesting, but that's all i know - and it's SETS

still very low volume (<1m) and it's interesting to note the huge spread quoted by the MMs .... Winstanley @ 10p, but all 8 others are between 15/20p

Most seem to expect that gap to 320p to be filled, so I guess it will become a self-fulfilling prophecy - charts are like that!

they are indeed, but i shan't appreciate it much!

Cynic, GIPPSLAND are into Tantulum too. though they only on the ASX.
Alex

.

many thanks ..... i may have a very small dabble at Noventa which is almost certainly easier to trade

thanks for the correction MN - was trying to work out what it might be!

.

Richard, I dont expect your purchase of greed to remain in negative territory for too many weeks. Just average down when it reaches the gap!!

.

lol!

cynic NVTA has a market cap of around 50m and is aiming to produce 500klbs of tantulum at $90 per lb, and their mine is in a remote part of Mozambique. Sounds pretty risky as a pure commodity play.

It is isable...

Mozambique, nice place, was there during the floods in 2000. Once hyped as the alternative 'bread basket' of South Africa following the demise of Zimbabwe. Not sure if it ever lived up to the hype?