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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Roxi Petroleum | RXP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.625 | 9.625 |
| Top Posts |
|---|
Posted at 16/3/2017 08:53 by togglebrush Proxy Form for or against the WHITEWASH for a member of the Concert Party‘ ‘ Big Boys cannot vote. Only independent investors allowed Private Investors have POWER on the votes on the Whitewash at the General Meeting ' USE YOUR PROXY VOTE and in particular on the WHITEWASH "Whitewash Resolution" the ordinary resolution of the Independent Shareholders to approve the Waiver,to be proposed on a poll at the General Meeting and set out as Resolution 1 in the Notice ' "Waiver" the waiver granted by the Panel (conditional on the approval of the Whitewash Resolution by the Independent Shareholders) in respect of the obligation of Mr Kuat Oraziman to make a mandatory offer that would otherwise arise pursuant to Rule 9 of the City Code as a result of the increase in the holding of Ordinary Shares represented by the issue of the Consideration Shares to Baverstock on behalf of the Baverstock Quotaholders and theissue of Conversion Shares to Vertom ' The Resolutions will be proposed as follows: (a) Resolution 1 (ordinary resolution on a poll of Independent Shareholders): to approve the Whitewash Resolution; ' Extracts from earlier post 1 Mar '17 - 13:38 - 34211 of 34302 |
Posted at 06/3/2017 10:43 by konil i'd feel a lot happier if some of the large holders offloaded some of their stake to institutional investors once the merger is completed, that is if it does become of interest to institutional investors, something i'm not convinced about. |
Posted at 05/3/2017 13:28 by xclusive2 All,Just chilling out by the pool, contemplating my first G&T whilst listening to Vox. The key points -;- Company current m/cap supported by current reserves- New enlarged Co at circa $200m will mean access to larger institutional investorsOperational |
Posted at 01/3/2017 13:38 by togglebrush A change of tone “Smarty” now it is poor old Clive.' Clive Carver Executive Chairman (aged 53)___ 2015 Salary/fees US $240,000 ‘ Has no shares in the company but options starting at 4p, through 12p,13p,20p,38p to 65p He earns more than the next two directors put together. ‘ Carver has been the Muscle Man on the trap door limiting data to the mushroom designated investors. ‘ Today I find the more detailed Annual Reports, before he became executive chairman, on company website have now been reduced to skeleton format preferred after the KO takeover. None have a kind word about private investors. ‘ Kuat Oraziman Chief Executive Officer (aged 52)______ 2015 Salary/fees US$116,814 ‘ Kairat Satylganov Chief Financial Officer (aged 49 )_2015 Salary/fees US$121,505 ‘ Edmund Limerick Non-Executive Director (aged 51)____ 2015 Salary/fees US$_45,250 ‘ Proxy Form for or against the WHITEWASH for a member of the Concert Party ‘ ‘ Big Boys cannot vote. Only independent investors allowed |
Posted at 27/2/2017 13:22 by konil sue, baver owners are probably not short of a bob or two. the issue was that whereas roxi, being a listed entity, could tap the markets or debt providers for cash, baver being a private undertaking would not have access to similar facilities.the shallow ops provide revenue to fund further shallow ops and 'lights on' expenses, but imo roxi have run out of cash for any significant progress on deep ops some time ago hence the lack of progress updates on deep ops. re. further dilution, that may of course happen, but i reckon roxi are looking for debt funding rather than equity funding (perhaps a bit of both?), to minimise dilution, and are preparing the ground. see page 8: "Additionally, the Directors believe owning 99% of the Eragon assets, and removing $10,100,525 of debt pursuant to the Conversion of the Vertom Loan, would make it easier at the appropriate time for Roxi Petroleum to raise debt funding to develop the Eragon assets." et al, if kaz drag their heels in granting permission, sept will come and go and the deal will be off, let's hope roxi and its big investors have the correct connections and appropriate size of brown stationery. i'm guessing that the issue of this rns indicates that they are close. also hope that a loan provider can be found quickly, perhaps already lined up? |
Posted at 27/2/2017 09:08 by togglebrush Big investors cannot vote on the "Whitewash Resolution" |
Posted at 27/2/2017 08:31 by togglebrush Timberwolf .. Little comment so far ... timetable is very close to that I posted, 34079 of 34191, on 19th Jan.' Private Investors have POWER on the votes on the Whitewash at the General Meeting KAZ authorities have the power on detail but many heavy weight Locals in on this The number and size of the local investors will argue about detail applicable to them ' USE YOUR PROXY VOTE and in particular on the WHITEWASH |
Posted at 12/2/2017 10:55 by togglebrush Ascent Resources plc has Clive Carver, Chairman and is currently raising funds.' Is this a foretaste of what he might do at “Roxi” ??? where CC is Executive Chairman ' Extract of their RNS… ' “Following the successful flow test to at Pg-10, I am pleased to confirm an institutionally backed equity raise through a platform which enables private investors to participate.” |
Posted at 04/2/2017 22:20 by control1 bad gateway - 34145, irony noted...In reply to that post, my last word re CPX and I do promise everyone on here that it is only because I feel for my fellow long suffering investors who have been so badly treated and damaged here by our contemptuous suitor (you won't see this anywhere else)... gateway - would suggest you watch the first couple of minutes of this, especially from 1 minute onwards re Murata and CPX batteries. Now Murata have been outed as being in discussion with Samsung re the battery for the new Galaxy S8 and, here's the thing, Murata licence CPX's BATTERY IP...! - you join the dots (dial to around 8:10 for a tantalizing hint) "the market" hasn't picked up on this possible life changer, YET.... It's a great little company with huge upside with everything that they have on the go at the mo anyway, potentially this is ARM II, just saying and that's it, I'm done on this subject... |
Posted at 19/3/2015 07:20 by twaintwix Citigroup (NYSE:C)Intraday Stock Chart Today : Thursday 19 March 2015 By Matt Wirz And Gillian Tan Citigroup Inc., Goldman Sachs Group Inc., UBS AG and other large banks face tens of millions of dollars in losses on loans they made to energy companies last year, a sign of investor jitters in a sector battered by the oil slump. The banks intended to sell the loans to investors but have struggled to unload them even after cutting prices, thanks to a nine-month-long plunge that has taken Nymex crude futures to their lowest level since 2009. The losses mark a setback for Wall Street, after global banks earned $31 billion in fees over the past five years by financing energy-company stock sales, borrowing and mergers-and-acquisit Wall Street's losses on the loans could have a chilling effect on some oil companies' ability to fund their operations as investors take a more cautious view of the sector. "We've been pretty shy about dipping back into the energy names," said Robert Cohen, a loan-portfolio manager at DoubleLine Capital who passed on some loans Citi was trying to sell. "We're taking a wait-and-see attitude." Energy-sector deals have been a bright spot at a time when once-lucrative businesses, such as fixed-income trading and consumer lending, are flagging thanks to tighter rules, low interest rates and uneven economic growth, analysts said. Investors say the energy bust doesn't pose a great risk to the banks akin to 2007-2008, when they held hundreds of billions of dollars of souring mortgages and corporate loans. "We often go through these periods," said Sherif Hamid, vice president of high yield at AllianceBernstein LP, who helps oversee $35 billion of investments. "We saw it in Europe during the sovereign crisis where banks needed to sell at prices where buyers were willing to step in, even if it meant taking a loss, but it doesn't mean the market is closed." At the same time, Wall Street hasn't struggled to place so many corporate loans at once since credit markets seized up in 2007, when banks were stuck with more than $150 billion of so-called leveraged loans to companies with credit ratings below investment grade. Banking regulators have repeatedly sounded alarms about lax lending standards and are proposing to force banks to submit their loan portfolios more frequently for risk exams. The losses show the danger banks face when unforeseen events, like the sharp drop in oil prices, create a chain reaction across an industry. Investment banks helped fuel the oil-and-gas exploration boom of the past decade by making loans valued at about $1 trillion to companies in the energy industry, most of which they sold to investors. The banks sold much of the debt to loan mutual funds, which grew rapidly from 2011 to 2013, but that demand dwindled as individual investors yanked $35 billion from the funds over the last 12 months, according to S&P Capital IQ LCD. In June, Citigroup committed to a $1.3 billion loan backing an acquisition for Houston-based C&J Energy Services Inc. When Citi tried to sell the loan in November with Bank of America Corp., J.P. Morgan Chase & Co. and Wells Fargo & Co., investors balked. The banks held off for several months, hoping that oil prices would rebound. Instead, Nymex crude prices hit a fresh low this week. A spokesman for C&J declined to comment. When oil prices dropped further in March, the banks decided to cut their losses and approached hedge funds that specialize in distressed debt about buying a smaller $1.05 billion loan, people familiar with the matter said. The banks offered the C&J loan at about 85 cents on the dollar this week. If they sell the entire loan at that price, they will raise about $893 million, leaving a funding gap of $157 million. About half of the shortfall would be offset by fees and wiggle room the banks prenegotiated with C&J, leaving the banks with a loss of about $80 million, said people familiar with the matter. "We saw this in 2008," said Frank Ossino, a loan-fund manager at Newfleet Asset Management. "The clearing price is between where investors value the loans and where banks are willing to take the loss." The loans that haven't been sold could yet recover value if the market turns around. Most of the loans that banks are struggling to sell funded acquisitions of companies that provide services to oil producers and are the first to see revenue decline when drilling slows. C&J provides equipment for hydraulic fracturing, or fracking, and used its loan to help pay for the purchase of a similar business from Nabors Industries Ltd. Houston-based Express Energy Services borrowed $220 million in October from a group of banks led by UBS and Goldman Sachs to pay for a so-called leveraged buyout by Apollo Global Management LLC. The banks tried selling the loan several times before unloading it this week at a price below 65 cents on the dollar, taking a roughly $66 million loss, said a person familiar with the matter. In February, a $480 million loan also arranged by Goldman and UBS for Scotland-based Proserv Group was sold at a price under 80 cents on the dollar after attempts to syndicate the deal in December failed, saddling the banks with about $75 million of losses. Cracks also are starting to show in loans to companies that produce oil and gas. Banks led by Morgan Stanley have been trying since December to distribute an $850 million loan backing Vine Oil & Gas LP and Blackstone Group LP's joint purchase of natural-gas assets and are now marketing the deal at a steep discount, investors say. While large banks initially flouted the pressure from regulators, they have started to fall in line. Leveraged lending guidance from regulators "now stands in the way of a return to precrisis conditions," Federal Reserve Governor Jerome Powell said during a speech in New York last month. |
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