On 1 December, the company shocked shareholders when it was forced to reveal significant additional information about how its 100%-owned Bentley project would be exploited, information that it had to hand since October in the form of an addendum to an Environmental Statement (ES).

This statement came a day ­after the addendum was leaked on the internet, causing a stir among Xcite’s shareholders who then contacted the company, “expressing concern with respect to the current share price and requesting more information from the company,” said the operator in its 1 December statement.

Xcite