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Oilex Share Chat (OEX)



Share Price: 0.325Bid: 0.32Ask: 0.35Change: 0.00 (0.00%)No Movement on Oilex
Spread: 0.03Spread as %: 9.37%Open: 0.325High: 0.35Low: 0.315Yesterday’s Close: 0.325


Share Discussion for Oilex


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gordon1237
Posts: 407
Opinion:No Opinion
Price:0.325
RE: 0.36
Fri 20:11
Fair enough. A rough calculation gives the amount owed to Oilex is about half of one per cent of gspc total debt.
 
Urraca
Posts: 2,191
Opinion:No Opinion
Price:0.325
RE: 0.36
Fri 19:55
If GSPC were a private sector oil company they'd either be bust, or working hard to address their debt situation. But...they're a public sector organisation. In India. So I'm guessing that, in common with national publc sectors around the globe, they've got a much higher tolerance of debt than private sector organisations. Having said that, they don't want to/can't afford to pay their share of developing Cambay, so they can't expect to reap the benefit of their current share. The wait is frustrating, but at least Oilex are pushing this as hard as the can.
gordon1237
Posts: 407
Opinion:No Opinion
Price:0.325
RE: 0.36
Fri 19:50
Chesh, have you been on the sauce? You're not making a lot of sense.

Anyway, have a good one.
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.325
RE: 0.36
Fri 18:15
Quite right Gord......... !

and the cash the court holds is currently hurting GSPC, cos they're skink/bankrupt :)

let alone the bank loan (sorry Guarantee) that they've taken (£4m ?) as a cover note :)

Oh........ when will this end (for GSPC), I'll tell ya !

Round the negotiation table, to avoid arb :) so they can pay back that loan that they can't afford :)

don't matter how big we are...... Cambay is bigger, and so are they're creditors..........!

All the best (tea time, have a good weekend :)
gordon1237
Posts: 407
Opinion:No Opinion
Price:0.325
RE: 0.36
Fri 17:57
Chesh. The amount of money owed to Oilex is petty cash compared to the total debts of gspc. Even if they were to offer a % of Cambay in lieu of the cash, given the value of Cambay often mentioned on here, it would be a pretty small %.
Anyway a bank guarantee is just that, a guarantee, it is irrelevant to Oilex how or whether gspc can repay the bank.
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.325
RE: 0.36
Fri 17:28
You really did ajax........!

night mate...... :)

All the best (Gap up again Jeez :)
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.325
Moving averages....
Fri 17:24
I look to weekly and not the daily, so WMA's are in focus......!

200 dropping @ 0.699p bells anyone :) a recent high ?

50 rising @ 0.2421p bells anyone :) traders buy in price ?

20 rising @ 283p we're over such :) oops, lift off.......!

Momentum indicators, an upturn on the RSi @53.59 positive, MACD so close to flipping positive direction, but a bit away from positive moment. (weekly don't forget :)

All the best (and have a good weekend :)
ajax62
Posts: 6,577
Opinion:No Opinion
Price:0.325
RE: 0.36
Fri 17:21
Told you chesh.......It's the US markets waking up

Good weekend I'm off now ( Again )

Could be good opening come Monday morning when we trade before the yanks.

GL
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.345
RE: 0.36
Fri 16:57
Nice one wolf.....!

beware the late trades........ lol

All the best (over ask ! lol)
wolfofmiddlesex
Posts: 684
Opinion:Strong Buy
Price:0.335
0.36
Fri 16:51
On Google... I suspect some after hour trades will be reported.
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.335
RE: Busy last half hour there
Fri 16:40
Not necessarily busy,

just anticipation I feel.........!

All the best (hope you got in :)
bigbench
Posts: 8,982
Opinion:Strong Buy
Price:0.335
RE: Busy last half hour there
Fri 16:39
Positions taken for the weekend...Luck to all who bought in! Great weekend to all. BB
Urraca
Posts: 2,191
Opinion:No Opinion
Price:0.335
Busy last half hour there
Fri 16:35
Seems to have finished blue on moneyam
bigbench
Posts: 8,982
Opinion:Strong Buy
Price:0.32
Ajax....
Fri 16:11
….. I see the North Sea poster girl is swinging her skirt! ;-) ….. early days but great price from here...I know I should of topped up @ 155! ;-(
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.32
RE: 0.36
Fri 16:10
Dya think they can afford the money Gord........?

a lot of it, isn't money, just a bank guarantee...........!

A small part is cash in the bank of.............well the arb/court.......!

The bank ins't going to want that money back surely.......... :) with interest?

All the best (in the mean time, enjoy your weekend :)

don't forget........... GSPC are skint/bankrupt :)
bigbench
Posts: 8,982
Opinion:No Opinion
Price:0.32
RE: B.B.
Fri 16:08
Been out for long walk in cold fresh air...love it. well well..blue red blue red...they must be bored...let it go MM's ffs.

Any twitterarty rumours floating about to get this going??? ...news must be close ...only been saying that last 4 weeks so I must be getting warmer!

i wouldnt want to be out over the weekend!
wolfofmiddlesex
Posts: 684
Opinion:Strong Buy
Price:0.335
RE: 0.36
Fri 16:01
You may well be right, I thought it was 50.
Cam147
Posts: 169
Opinion:No Opinion
Price:0.335
B.B.
Fri 15:50
Come on B.B. where blue again
gordon1237
Posts: 407
Opinion:No Opinion
Price:0.335
RE: 0.36
Fri 15:47
Wolf. Thought it was 45%. Doubt we will get much more. As I keep saying if it was that clear cut the judge would have awarded it. Hopefully, it will rise on news that we have got all or most of the deposited money and there is a clear program of drilling. As always I will be glad to be proved wrong.
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.335
RE: Nonsense
Fri 15:41
3294 :)

lol

All the best (VWAP..........! :)
wolfofmiddlesex
Posts: 684
Opinion:Strong Buy
Price:0.335
RE: 0.36
Fri 15:40
*under

General consensus is it won't be all oura oura, but will hopefully gain a further percentage to add to our already 50% holding. Imho.
Chesh
Posts: 14,052
Premium Chat Member
Opinion:No Opinion
Price:0.335
RE: Nonsense
Fri 15:39
:)

what's your quote to buy then Cam.......!

All the best (Please...... the floor is yours :)
wolfofmiddlesex
Posts: 684
Opinion:Strong Buy
Price:0.335
RE: 0.36
Fri 15:39
Nothing to suggest it's all ours yet. Still insert negotiation I think.
gordon1237
Posts: 407
Opinion:No Opinion
Price:0.335
RE: Nonsense
Fri 15:38
Couldn't agree more. According to a lot on here, everything is down to mm's playing games when it's simply market forces. Lol.
Cam147
Posts: 169
Opinion:No Opinion
Price:0.335
RE: 0.36
Fri 15:36
Wolf - does that mean Cambay is ours then or is it more insignificant drivel
Hey I’m a holder too at this




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