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Gareth, yes the waiting game is all we can do. Think it said up to 6 months for these things (would be from July), so even though I am as frustrated as others, I personally won’t start getting really could feet until early feb.
And yes you’d expect some real good news to take this up to near previous recent highs (0.51). I personally think the bigger moves will come from JV deal and/or Well results.
Let's just say that if OILEX did an advent calendar one of the doors is better than the last one.
;-)
I hear you Gordon, funnily enough I seem to recall on last placing news SP actually had a short spike before eventually keep going down. As they say, one never knows with this one.. atb
Yes, I agree with Gordon. 80% is already completed, so only a small portion left to complete. A small but good action I guess to reduce expenditure in the long run.
Thanks Gordon
No. That is only to allow people with minimal holdings to get shot of them. Atb.
Hi guys I'm new to trading, does anyone think the Unmarketable Parcels can cause a delay for the next RNS?
Yes Espen. I am hoping they sell the Armour shares soon and that enables them to delay the raising maybe for a couple months by which time the approval will hopefully come through. If the raising comes first I dread to think what the sp will be. I was hopeful that the dilution was already factored in, but with the way the sp has been behaving I am not so sure. Atb.
Alan, wording within the contract is a fair comment, but Covid and India only means it would be slow to arrive rather than not approving and so I still see this as a waiting game rather than anything else. Buying now at around .16p is sure a double your money?
The most recent Rns, which subject almost made me not read it as only relates to ASX does however further indicate that cash flow will improve by end of month, so clearly Armour dale and or raising is still on the cards this year. It does however also include “further variation” possible” just in case.. atb
The interesting thing about India being notoriously slow is that the state government of Gujarat were in fact just the opposite. Their approval came on April 1st.
I really hope Vf is right, but the truth is neither he ot anyone else knows when the important rns will drop and what the sp will be afterwards. Cant blame anyone for a bit of wishful thinking. Gla.
Solicitors arguing over certain wording in the contracts could be one delay.... Covid another... India being notoriously slow could be another.
Please... only "genuine valid reasons" because if this is just a rubber stamp then why the drop? Its just a waiting game?
VF: What I am trying to understand is what it is that YOU have seen that makes you so confident that we will be 0.5-0.6 before Christmas. I have seen so many unfilled predictions on here that I'm afraid it all looks like pinning the tail on the donkey to me.
He’s looking for a star in the sky…. And when we travel over to where the star is we find a ratification laying in a manger
Toptuf what sign are u looking for..
the six month banking facility deadline then end of Jan.
What deadline? " In the coming months" can mean whatever they want it to mean. Gla.
Deadlines in India mean nothing as shown by the sale.
Just want one more spike and I’m gone. 0.25 and I’m gone forever from this and India
I have no doubt that ratification will increase the sp significantly, I just don't see any sign at all that this will come before Christmas. There is no subtle buying with an sp creeping up. If anything there is a slow grind down.
Come in soon**
Look at previous SP rise to .54 . The next RNS is the ONE, so the last buys went in at .5+
Buys will start to come in within soon and the the RNS will springboard of that.
I've been here nearly 4 years not long compared to others but u learn to understand how it goes.
This is my prediction and I'll stick by it.. ;-)
What is this prediction based on, or is it actually a guess? Previous deadlines have come and gone without so much as a sorry chaps we've failed again. Clearly good news would be welcome as I have a couple of million of these with no intention to buy or sell any (just in case someone comes out with a 'deramper' accusation).