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XPE - Xped Limited

Joe Blow

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Panax Geothermal Limited (PAX), previously known as Uranoz Limited (URO), is involved in the identification and exploration of prospective geothermal resources and to convert these into geothermal reserves for the production of commercial geothermal energy. The company’s key asset is at Limestone Coast Geothermal Project in South Australia.

For previous discussion of this company please see the URO thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=7370

http://www.panaxgeothermal.com.au
 
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PAX PANAX

Hey just wondered if anyone has been watching this stock??
 

System

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Re: RYG - Raya Group

On May 6th, 2013, Panax Geothermal Limited (PAX) changed its name to Raya Group Limited (RYG).
 
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Re: RYG - Raya Group

My position:

__Target: Geothermal Energy Generation
Prospect: Random Chance
__Action: Retain in separate Portfolio titled: "Lost Causes"
_____Aim: View regularly for self-education.







Geothermal power has long been generated from the near-boiling water drawn from the Great Artesian Basin through small geothermal power plant at Birdsville.

BTW now retain only small geothermal holdings in GDY, more in ORG (NewZealand Geothermal plants), other energy and alternate energy holdings.



Held in PAX/RYO for several years, so yes am carrying significant for self losses, as well as paying of loan taken shortly before the Salamander-1 deep geothermal well in the Otway Basin was drilled.



Australian Indonesian investment experience demonstrated higher than usual potential for risk, however in recent time appeared these problems were being addressed in rational and reasonable manner by Indonesian government.

Panax management decision to concentrate efforts short term upon Indonesia project appeared higher risk than Salamander-1 yet still within range of reason, IF able to obtain early production so demonstrate expertise in the basics skill to provide geothermal power in a commercial manner.


Current lack of progress achieved IMHO not supportive towards PAX/RYG as company presenting itself as capable of generating geothermal power within either areas where technical challenges significantly reduced, or in Australia where deep geothermal technical challenges remain.


Recent activity, reinforces feelings move to Indonesia more a distraction.


Potential change of Australian government seems unlikely to improve goethermal energy generation in Australia, perhaps influencing ORG to put reduce support as pressure on GDY to actually start generating to prove the technology is functional not theoretical.





Current funding request remain reluctant to support, can RYO(.PAX) convince us in time to decide and accept the offer ?


IMHO current sentiment is negative.
 
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Re: RYG - Raya Group

Hi, There is a fair bit of noise around their link to Xped, going through DD, I am holding and am interested to see where it goes next week.
 
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Re: RYG - Raya Group

Hi, There is a fair bit of noise around their link to Xped, going through DD, I am holding and am interested to see where it goes next week.
u lucky bastard...what a run it was...what other forums sites are there.this one is crapp
 

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Re: RYG - Raya Group

30M shares to raise $600k
plus 10M shares as a gift. Effective cost base: 1.5cps.
Where do we queue to get that kind of deal? :confused:

View attachment 64973

oh well, know your place, kitten :)
I'm snipping away at the swings of mother and oppies: RYGOB, July 2016, 1.5c strike
The 10mn pressy is only issued once the takeover of Xped is complete next March.

If the new $600k holder has some strategic value to the company then all will be good.

RYG also claimed to be inundated with offers of cash in the last announcement.

The tech looks good to me so I hold loads of the OBs which are now in the money and seem to be at that sweet spot where they still offer some decent leverage as the heads trend upwards.

One worth adding to the watchlist imo if you haven't already done so.
 

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Re: RYG - Raya Group

The 10mn pressy is only issued once the takeover of Xped is complete next March.

If the new $600k holder has some strategic value to the company then all will be good.

RYG also claimed to be inundated with offers of cash in the last announcement.

The tech looks good to me so I hold loads of the OBs which are now in the money and seem to be at that sweet spot where they still offer some decent leverage as the heads trend upwards.

One worth adding to the watchlist imo if you haven't already done so.
I take the "inundated" claim with a grain of salt. Marketing-speak will usually take some poetic license :p:
It's interesting though that the options trade this morning at a discount to the mother. That could mean that holders of those options are also taking a more cautious view and see the rally as overcooked.

I trade both under strict speccie rules: small bites and tight stops.
 

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Re: RYG - Raya Group

The mother keeps running away:

RYG 11-11-15.gif

I risked carrying a long options position overnight: they're trading at an increasing discount to the mother while offering almost twice the leverage.

RYGOB 11-11-15.gif

Good luck to holders; I hope profit takers don't jump in immediately, as they did in GXY, LYC, GTG,...

PS: Greetings, exberliner, from an exhamburger :)
 
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Re: RYG - Raya Group

The mother keeps running away:

View attachment 64992

I risked carrying a long options position overnight: they're trading at an increasing discount to the mother while offering almost twice the leverage.

View attachment 64993

Good luck to holders; I hope profit takers don't jump in immediately, as they did in GXY, LYC, GTG,...

PS: Greetings, exberliner, from an exhamburger :)
I am not really German I just used to live in Berlin before I moved to Sydney more than ten years ago. I am originally British and live in Ukraine these days.

I have held the OBs since late October so not complaining where I sit :)

Looking at today's volume and close at the day's high I would expect RYG to continue onwarsd and upwards tomorrow which will inspire the OBs to play catch up.

They should be at least 0.028 but add in a time premium with 252 days to go to expiry and I think one can justify the lows 3s on the OBs based on today's close.

If it does indeed continue upwards tomorrow on big volume then an even higher OB price will be in order.

EB
 

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Re: RYG - Raya Group

Returning today from Trading Halt after raising capital from "sophisticated investors" at 3.5cps.
Mind you, that has to be considered a fair price, given the rally started below 1cps less than a month ago.

I'll keep a very close eye on this baby when trading resumes
 

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Re: RYG - Raya Group

Returning today from Trading Halt after raising capital from "sophisticated investors" at 3.5cps.
Mind you, that has to be considered a fair price, given the rally started below 1cps less than a month ago.

I'll keep a very close eye on this baby when trading resumes
The big discount (up to 2c for a 1.5c strike) suggests to me that there is a lot of daytrading going on.
Therefore, I won't take any long-term risk at this stage and only trade the intraday swings.

RYG am 23-11-15.gif
 

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Re: RYG - Raya Group

This morning's announcement: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01691785
was disappointing to the extent that we'll have to wait until February before anything tangible comes out of the Xped acquisition. I took complete profit from all my positions (mother and OBs) and put this on the backburner watchlist.
Still on the backburner?

Let's see what the TH produces.

Too much news due during January for this one to languish imo, wouldn't be suprised to see 8c - 10c before the RTO is completed.

EB
 

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Re: RYG - Raya Group

Let's hope this gets things moving. There has been so much share dilution though, it might take until revenue starts coming in months later before it moves above the few cents range.
 

System

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On April 4th, 2016, Raya Group Limited (RYG) changed its name and ASX code to Xped Limited (XPE).
 
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Anybody following this stock? Saw this stock climb to over 10 cents to drop back to under 4. Up about 0.5 today.
 

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Anybody following this stock? Saw this stock climb to over 10 cents to drop back to under 4. Up about 0.5 today.
Yes, I have been following it.
Short-term, I see a break of the worst downtrend, so I'm on board under initial speccie rules.

XPE n 20-10-16.png

If the rise continues, I'm happy to add.
 
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