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.
No more trades than normal here today, next week money will start pouring in.
profit from TRX and XSG slowly coming back to OEX ?
Yep and plenty will taken positions (or should be over the next week, more so if the price stays around this level).
I think we’re unanimous in thinking gspc selling their stake in Cambay would be the beginning of a big rerate, will it happen though? By the following Monday, given previous delays.
Well heres my outlook on it. They had 90 days, with government being a signatory to this being completed (Significantly, the Indian Directorate General of Hydrocarbons (DGH) is a signatory to the settlement.) within the 90 day mark. Would be approx 60 days come the 30th which would leave the remaining 30 days to get the deal done once a bid has been accepted (i think it will go this way with oex first refusal playing a big part).
If its not done in 90 days then the government isn’t going to let this slide etc etc would gspc forfeit the their pi in cambay? Every chance they would given they have little funds and owe oex a few million quid as it is.
What would happen to the sp if there was another delay? Not much imo given there would be only 30 days to resolve the matter (within the 90 days) maybe drop 15% and dips would be bought into.
I believe we’re in the end game now where the dispute with Cambay is concerned. Those brave/lucky enough to have put together decent holdings sub or around current levels could potentially see explosive gains, or have to wait another month. We wait. GLA
** forgot to mention in second to last paragraph if worst case scenario happened then we would drop 15-20% but that wouldnt be on todays price as i expect this to bubble up next week and test 0.25 as it did a few weeks ago (hoping we can break that resistance) so a drop from there on a delay would bring us back to current level. Hence why loading up early and whilst others chase elsewhere can make you (and save you) plenty more cash. GL
Yep and plenty will taken positions (or should be over the next week, more so if the price stays around this level).
I think we’re unanimous in thinking gspc selling their stake in Cambay would be the beginning of a big rerate, will it happen though? By the following Monday, given previous delays.
Well heres my outlook on it. They had 90 days, with government being a signatory to this being completed (Significantly, the Indian Directorate General of Hydrocarbons (DGH) is a signatory to the settlement.) within the 90 day mark. Would be approx 60 days come the 30th which would leave the remaining 30 days to get the deal done once a bid has been accepted (i think it will go this way with oex first refusal playing a big part).
If its not done in 90 days then the government isn’t going to let this slide etc etc would gspc forfeit the their pi in cambay? Every chance they would given they have little funds and owe oex a few million quid as it is.
What would happen to the sp if there was another delay? Not much imo given there would be only 30 days to resolve the matter (within the 90 days) maybe drop 15% and dips would be bought into.
I believe we’re in the end game now where the dispute with Cambay is concerned. Those brave/lucky enough to have put together decent holdings sub or around current levels could potentially see explosive gains, or have to wait another month. We wait. GLA
OEX will be hot stock next week as much as TRX and XSG this week.