Elixir Petroleum Share Discussion Threads

[drewz] 03/4/2009 10:12

Elixir up 14% in Aus. There is still some life in the old dog:



For those who haven't kept up to date with events here, in due course UK holders will get their holding certificates from their delisted AIM holding and will be able to trade the shares on the ASX through WH Ireland stockbrokers.

[inkunzi] 01/4/2009 09:25

How would i go about buying more shares now that they are on the ASX, as Hoodwink dont trade in no UK listed.

[hermana] 30/3/2009 22:28

nov,can flog them in Oz now. Sad day for hELP but the fat lady hasn't sung just yet here.

[novicetrade68] 30/3/2009 20:42

i see a sell went through for 10,000 shares at 2pm...it is beyond me why anyone would buy elp on its last trading day

[drewz] 17/3/2009 19:12

I spoke to Selftrade.

They said that, as they cannot trade ASX stocks, any shares held in an ISA will be removed from the ISA wrapper and a certificate for your total holding which, as of 31 March, will be listed only on the ASX - whether held in an ISA or outside (or both) - will be sent to shareholders.

But this may take "several months".

So ELP's casual assertion that delisting from AIM "will not materially impact UK shareholders" isn't actually the case.

[soulsauce] 13/3/2009 09:23

Latest from Selftrade:-

Dear Mr.

Thank you for your message.

Our Custodians have approached the registrars for information as to what is happening with the delisted shares and they have advised that there have been no further decisions made yet. We hope to receive another corporate action shortly with news as to what is going to happen with the stock.

If you have any further queries please do not hesitate to contact Customer Services.

[soulsauce] 13/3/2009 08:46

All very much 'as you were' the half yearly report.

I just wonder if the company regret paying back the $3m loan notes as now if the company is made to stump up for all the SL seismic costs then it will have zero cash.

I am quite certain that won't happen and there will be some sort of finding in ELPs favour but you never know.

I would have liked to have seen some mention as to what the seismic had shown but may be they will hold off on that until Prontinal have been given the red card and disputes settled.

Still very dodgy.

[hermana] 13/3/2009 08:01

Zen,not overvalued on a day when we might have seen final RNS on AIM.

[zengas] 13/3/2009 07:41

£4.6m cash as of today and farmout talks on NS prospects continuing.

May participate in 2 further extensions of the Redfish area (over and above original redfish lease area).

Cash generating from 2 GOM projects (High Island and Pompano).

Market cap at 1.375p = £2.6m.

[hermana] 13/3/2009 07:30

Mulle still best bet for next NS well.

[hermana] 12/3/2009 18:21

Wake,what about Selftrade?

[wakeland] 12/3/2009 18:20

TD Waterhouse tell me no problem with Oz, they can do trades on their exchange, dealing costs are the same...info for anyone using TDW.

[hermana] 11/3/2009 14:23

Soul,thanks.

[soulsauce] 05/3/2009 09:05

All - ELP do have an email service for news once announcements are ceased over here due to the de-listing so you don't have to keep checking the ASX newswire.

[hermana] 05/3/2009 09:00

The hits just keep on coming! Another one for the bottom drawer....

[soulsauce] 05/3/2009 08:44

More good news - NOT!!

[soulsauce] 04/3/2009 18:54

Wakeland very true.

Aim must change or it will die.

[wakeland] 04/3/2009 18:40

It may prove a blessing in disguise for the share price, AIM seems virtually without regulation, many of the directors of AIM listed companies are fraudsters and are allowed to get away with it on AIM with impunity. It is an exchange in terminal decline because investors are sick of being fleeced thereby depressing the share price..well here's hoping!

[drago] 04/3/2009 16:37

not to mention aim is yet another market where peeps can dump shares to drive the price down

[soulsauce] 04/3/2009 16:23

drewz yes spot on and it is not just dual listed companies jumping ship. Metnor are another one today waving goodbye.

[tonudiki] 04/3/2009 16:01

drewz

spot on.......

[hermana] 04/3/2009 15:23

drewz,regrettably fair comment.

[drewz] 04/3/2009 15:16

It's a sad indictment of the LSE and AIM that dual-listed companies in Canada and Australia opt to dump the London listing: the costs are too high and the benefits to companies negligible.

In short, as with much of the City of London culture it's a rip off. And you can add greedy, self-serving, complacent, arrogant and out-of-touch to the list of failings of the LSE and City in general.

[hermana] 04/3/2009 09:06

Was very annoyed at the time though. See Aussie economy now also in recession as drop in commodity prices effects them a lot.