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I suppose the point is that if Oilex expected it to be rubber stamped much much quicker than this, whats the problem? Surely they must have asked the appropriate officials why it's taking so long? If the answer comes back that there is no problem and they just haven't got to it, that would be frustrating, but as frustrating as not knowing. Either way they should be enquiring and let us know. Atb.
I understand your point but if GOi are sitting on their hands, but what can Oilex do? Not disagreeing
genuine question
Let’s get the placing all sorted, then once the dust has settled, let’s get on with operational progress.
Lol.
Are we fracking this month
All the ducks lining up
1p on the way
100% Gordon. Couldn’t agree more. Oilex’s communication is poor at best… let’s hope when they next it’s been worth the wait
The point is, it is now 9 months since they said " in a favourable time frame, 7 months since they first said in the coming months, and 6 months since Roland said " the next 3 months or so". It seems they have been totally clueless about how long it would take. They told us it was a formality, which it should be given that it is Oilex who have been the operators of this field for many years and that the Gujarat state ratified the transfer almost immediately. So at the very least we are due some sort of explanation for this interminable delay. Gla.
Sorry but what exactly is there to say. They can continually repeat "we are still waiting" but what is the point. It will come and possibly soon. Just need to wait nothing more can do, it is in the hands of GOi. GLA!
Well I have just emailed the company regarding my frustration about they said GOI approval in the coming months it's now going into the 7th month and not heard nothing no update treating shareholders with disregard in my opinion
I am not a 'non-believer' I am a realist. Your comments about having seen nothing to suggest any sort of rise is identical to my position as is your amusement at the 1p, 2p brigade. If and when there is something to be positive about I will post accordingly, but endless missed deadlines for GoI approval and no indication that it is pending give little reason to start predicting large upward movements. This isn't gloom it's stoicism. I will be as happy as most when this starts moving upwards. It would be nice occasionally if those whose predictions prove wildly wrong held up their hands and conceded the point.
I have the popcorn out enjoying this banter , as a lth this share is a nightmare ,so many ppl saying it will be next week , and we are days away from multi bagging and 1p.2p being mentioned.
I have seen or heard nothing that has confirmed any sort of a rise and if we get some news .25 is as high as this ever goes and the due to the board poor communication will soon drop back to .16 so the only reason i am still in this share is for the enjoyable banters between believers and non believers , stay safe everyone
And how many positive posts have you posted... Ahhhhh NONE.
Don't be so dramatic.. ;-)
Love it Toptuf... cheering your own gloom :P
VF: Firstly, I never "call anyone out". That is a ridiculous Americanism and as such i avoid it like the plague. If you are going to make wild predictions based on little more than a hunch and they turn out to be wrong, you ought to expect some flak. I told you that .5p would be three times more than the actual SP and we currently sit at .165. I don't need my calculator to work that out. Were I to be in the business of making predictions about Oilex, rest assured that I would indeed 'enlighten' you with my analysis as to why I had made such a forecast. I don't have any information but the point is, VF, neither do you and yet you felt able to tell us that a three fold increase in the price was coming before end of 2021. Now you are at it again telling us it will be next week. I could sit here and write "next week is the big week" every week for a couple of years and eventually I would probably be right, but that hardly makes me Nostradamus (mind you his record isn't great either).
Nope still here waiting for the big day.. perhaps toptuf you could enlighten us with any information you have instead of calling people out.. next week in my mind should be the week, Wednesday onwards.
Happy new year everyone.. ;-)
Nah Toptuf, it was the doors not the roof. Lol. Atb.
https://youtu.be/8g_GeQR8fJo
Have I missed any posts from the usual "this is about to blow the roof off crowd"; Maqsood, Vacation Fund and BMJDF (or whatever order the letters were in), or have they finally allowed reality to dawn that this is going to be a long haul to even pass .3p? Holding to get my money back at .34p and then off to Verditek or Pires so that I can stew over their ineptitude instead! :-)
Hi all,
no trades all day then 74,629 shares traded ($223) on the bell to drive the price down 25% again!
Only a small trade but still frustrating to see.
Come on news!
I’ll give it 6 month and I’m out
drlong. The real spread is actually a lot less. Currently 0.171 to buy and 0.1577 to sell. So more like 8%. Atb.
A 20% spread is a red flag aswell.who would invest and be 20% soon as you have made the trade!
A bit like ODX?
Love the word "fracking" with all its connotations. Great for frustrated shareholders!
I'm fracking excited now we're getting closer to some action in the field! India opening up for foreign investment
might light a fire under the sector. News of successful fracking and an income stream again should keep the share price ticking up over time
A lot of shareholders might sell on news and I don't blame them as I'll be one of them but I may keep half of them.
Patience is the key. Here in Oz no shares traded today but I guess people are away on a well earned break this time of year.
GLA
Turning into a typical aim money pit here.
So we’ve now got the cash to get fracking on with things???? I’m guessing this is good news albeit by dilution?