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FORD 20.52 - I know that feeling. Although the losses on here over the last couple of month could easily be eradicated in a couple of trading days should positive cambay news start to flow. Come on India. GLA
Yep, I also did another wee top up today. Let’s see where it takes us. atb
It will come back in the end.
The Sale agreement was effectively announced in 15th Feb 2021., funding in April, Agreement sign off in June and now we still wait for the GOA sigh off.
It is nearly six month later and all the time we are burning cash.
This is making me feel like I made a mistake averaging down today
Not wanting to be a stalker of course, more thinking proper due diligence..
This what i posted when the new CEO was posted and i slammed for it, i have seen this too many times in companies, new CEO means delays.
"I don't see any positives in this tbh.
Right in the middle of some really important projects, the driving force behind it and CEO jumps ship, effectively.
I not trying to be negative but where is the upside?
Not wanting to be down on the new boss, but we now have an unproven CEO, taking the reins on project spread across the world at key moment when we are likely looking for a JV in India.
Come on Joe this timing is bad."
A lot unemployment surely in oil/gas industry these days. In Norway people’s net worth is public info, I guess in uk it isn’t. Do we know what roughly what he pocketed as part of his earlier ventures?
I would agree if we was only talking months this has been happening , however , 9 years in the making and nothing. Doesn’t matter how long the new bod have been there the previous Bob allegedly made a lot of progress so why the sudden news outage and lack of progress. Rolands announcement was unexpected and as if by magic he arrived at a time when everyone was expecting the big news !! as according to joe we was nearly there. Rowland Suddenly joins and they now have the perfect cover for silence and lack of progress. Usually you get a little sniff or a hint of a new CEO however in our case nothing ! His arrival comes at time when everything was meant to be done. Just because he ticks all the right boxes doesn’t mean to say he’s here for the right reasons. He has still yet to buy shares and for someone that’s confident of a huge payout he’s not taking advantage of the low SP.
Yeh I get that Gordon. Just keep everything crossed
Admire your stoicism in the face of adversity Steven. LTH'S tend to get grumpy about the delays because it has always seemed that whatever time scale Oilex give for anything it is nearly always much much longer. Let's all hope its worth the wait. Atb.
I’m not just being optimistic because of wishful thinking but the SP will obviously start to fall if a lack of news is sustained. The BoD are not interested in giving us occasional news just to maintain the SP. As difficult as it is, and certainly for me too, we just need to wait. How many weeks ago did Roland and his colleague join Oex? Not that many, and it’s a minuscule amount of time in the grand scheme of things.
I’m not being critical of anyone’s scepticism as I completely understand why; I’m just trying to give some mitigation.
And this may be the Chilean Sauv Blanc talking….GLA…..
buy
The ask on this page is way out. Currently 0.187 to but on Barclays.
Agree Conger. Looks like this management are following in the tradition of the previous ones in being as bloody uncommunicative as possible. Atb.
@Conger2 it's fine by me, I'm picking up a few million more shares.
Lol, I don’t mind so much if it’s the stuffed from having too much of everything - lol. Agree Gordon, worth a third only of the recent peak. Will just need to maintain a long term view here. Top up on dips if able - atb
Share price stalled and tanking yet again...
So annoying this should be motoring, but the change of management and ensuing lack of communication is once again killing things.
Why are Roland and Joe not out selling the plan and the company in every media outlet they can, putting public pressure on the GOI and getting things going.
Just as long as we don't get a stuffing. Lol.
Joking apart, never expected it to go this low when I got back in at 0.24 and 0.216. Atb. Gla.
It’ll all come good, we’ll all be able to have turkey come Christmas - atb
- New CEO who has a proven track record in the sector and excellent contacts.
- New energy minister in the Indian gov who has promised to fast-track internal oil and gas fields.
Please, PLEASE sell your shares, I want them.