The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So that would be July 1st 2027 onwards then. Lol.
Fair due;) but his choice of words are steadily becoming more upbeat in my view..
Apparently at the start of the hundred years war in 1337 Edward III said "We will soon defeat the a French." LOL.
Definition of shortly, as used by joe
https://learnersdictionary.com/qa/soon-shortly-and-momentarily
Patience Gordon.. a vintage wine didn’t get rushed
Hey Gordon, Share prices are not Rational.
Don't see your point VF. I am simply stating what has happened and that it is puzzling that the sp hadn't gone up on several pieces of good news? Even with the dilution I would have expected some sort of rise, instead of which we got a small fall.
Callum, don't see how those options would stop the sp going up. They expire in 5 months and are unlikely to be exercised unless the sp goes substantially above 0.11p.Or am I missing something? Atb.
Might be cause of the options overhang at .11
London South East
Sound Energy #SOU provides an update on a potential farm-in and operational progress in Morocco Watch Now
Share PricesOilex Share PriceOilex Regulatory NewsLoan Restructure and Equity Issue
Pin to quick picksOilex Regulatory News (OEX)
OEX Share Price
OEX Share
Price
OEX Share News
OEX Share
News
OEX Share Chat
OEX Share
Chat
2
OEX Share Trades
OEX Share
Trades
133
OEX Live RNS
OEX
Live RNS
OEX Information Buy OEX SharesBuy OEX SharesAdd OEX to WatchlistAdd OEX to WatchlistAdd OEX to AlertAdd OEX to AlertAdd OEX to myTerminalAdd OEX to myTerminal
Share Price Information for Oilex (OEX)
London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
0.10
Bid:
0.09
Ask:
0.11
Change:
0.015 (17.65%)
Spread: 0.02 (22.22%)Open: 0.085High: 0.13Low: 0.085Yest. Close: 0.085
OEX Live PriceLast checked at 16:15:06
Loan Restructure and Equity Issue
Fri, 31st Jul 2020 10:45
RNS Number : 7739U
Oilex Ltd
31 July 2020
ASX-RNS Announcement
31 July 2020
ASX: OEX
AIM: OEX
Loan Restructure and Equity Issue
The Board of Oilex Limited (the Company) is pleased to announce that it has taken further steps to strengthen its balance sheet as the Company continues to navigate the impact of Covid-19 on its business and global equity markets. In particular, the Company has entered into an amendment agreement to vary the repayment obligations for its Series C (GBP£125,000) loan. Furthermore, the Company has secured additional equity investment of £0.25 million to increase its working capital flexibility and reduce its financial debt obligations.
Amendment to Series C Loan Funding Agreement (GBP £125,000)
Pursuant to the amendment agreement, the loan repayment date has been extended from 1 August 2020 to 31 October 2020. All other terms remain the same and are extended to 31 October 2020, except for the issue of new options with an expiry date of 29 January 2021. A summary of key terms after the amendment are outlined below:
Term: 31 October 2020
Interest Rate: 5%
Repayments 100% payable at maturity
Options Issued: 113,636,364 options over ordinary shares
Option Exercise Price: £0.0011 per option
Option Expiry Date: On 29 January 2021
Security: Unsecure
Gordon don't ever become an ambassador or a salesman for a business , don't think you would keep the Job to long.. :-)
on the 27th July the sp was 0.11. Since then we've had the West Kampar news, a drastic reduction in cash burn, further dilution, the East Timor settlement (which for reasons I don't get, enables early sale of the Armour shares) and the sp is now 0.10. Go figure? Atb.