Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Nice one mate.............!
you stink of profit.............. :()
All the best.
I missed the sub 13 :-O
for clarity........... it wasn't mine :)
All the best (previous post reads like it was :)
Boing........... :)
got mugged TBF, Ask was was @0.13 at the time.......... ever the cynic ain't I.... lol :)
All the best (boing ........... :()
That 4mil buy smells of pure profit from Angus energy ;) Nice buy price too.
Understood Yuri, but all things settled, either via Arb or (heavens forbid) avoiding Arb (make 'em have it I say) Cambay will bail us out by us Operating it with a new JV partner to fund it, is that a farm out or a farm in............? lol
All the best (I'm waiting ............! and optimistic :)
Yes there are companies that want gspc’s share of cambay, I was just basically saying if the worst was to happen and we needed money badly, that cambay would bail us out.
Great posting Yuri, I'll go back and recommend....... :)
I was under the impression that when we finally get our prize (Cambay) that we have already been in discussions with potential JV partners to fund any activity.........!
All the best (like Gord has just said on another thread, proving it up to get value, may as well keep it :)
Joe probably wasn’t expecting GSPC to stab us in the back a second time. So not only have they not paid us, they won’t cooperate in removing themselves from Cambay. I myself would be a little embarrassed saying a “quick” resolution to now be in the situation we are in currently. The law will win eventually.
I don’t know how much we would get for cambay but selling that off would definitely fund us to go else where. Chesh will say we would be mad to because of how much potential there is in the ground but at the end of the day, it’s we either stick it out and get Cambay running again or cut our losses and focus ideally in Australian territory.
Morning Yuri. I repeat, it was Oilex who told us to expect a quick resolution. As for raising cash, in the present situation I doubt they could get much of a loan. Also with the current market cap they couldn't raise much by issuing new shares and any further dilution would be a disaster for shareholders. Gla.
With regards to financing the next venture, there’s many options available. Loans, selling off capital, fund raising over the stock market.....Oilex does have some income (there’s a video to prove that).
Plus they will be having another partner so costs will be reduced.
Only time will tell if any of this succeeds. Of course I agree with you that this can only go for so long until drastic action is taken.
Yuri, I actually won a few quid on the cricket when at one time it looked dead and buried. So yes, miracles can happen. We already knew arb was happening in parallel with the talks from previous rns. As for new ventures, how on earth are Oilex going to finance that?
My attitude was the same as yours Gordon with the cricket World Cup final. I thought we were done for. Then look what happened....
Nothing? He confirmed arb is in motion and they are planning a new venture. Confirmation of that alone will get us back going.
There was no significant news in the last update. If you contact Joe he will tell you nothing, just like last time.
I’m in at just under 0.30
Easily achievable with the right news. Buy more that these lows and I’ll be back in profit in no time.
There will be news, it’s their quarterly report.
Plus I’ll contact Joe after it depending what it says.
I think some people just can't admit to themselves that they have probably made a big mistake. Personally, I think that whilst nothing is impossible, I would give myself at best a 10% chance of getting my money back. C'est la vie.
i am still amazed people are talking about investing more money ,i can not see any basis for this?