Member Info for adamk87

Got to love the day traders, taking a 2h beatdown and moving on like the last sell at 13.50 having bought in at 10.33

Good to see a few loading up though, hopefully lth added during the dip sub 0.20 as cant see this going back down there unless theres a delay (which after the last one and time frame left, i doubt - imo). GL

Really like todays rns, its been forever since gspc have made any sort of payment to oex for anything. The fact they’ve come up with over 100k when we already know they’re strapped for cash, shows me theres bigger forces in play here. Someones pulling some strings as we’ve finally got blood out of stone.

Was this payment one of the stipulations to oex withdrawing their legal proceedings against gspc? Maybe! But the fact they’ve paid a decent chunk of money instead of playing hide an seek (pretty sure their last cash calls paid were amounting to 40k towards bhandut) is reassuring.

Government is signatory to the cambay sale being completed within 90 days, with deadline for bids on Monday and a further 30 days to complete sale.

Anyone else get that feeling gspc’s days are numbered and they know it

Agree Gordon, either way we’l know this time next week by way of rns.

Gspc finally coughed up some cash wow!

https://www.lse.co.uk/rns/OEX/september-2019-quarterly-report-et3jgbcfvh5z3t3.html

Have a read through this.

Typically happens when mm’s want to collect shares, taking an sp high enough to attract profit taking and spread wide enough to put off buyers from pulling the trigger.

Plenty of big delayed buys printed throughout the day, shows someones happy to swallow up loose shares.

Not a lot of volume available at current price range, looks like its being held back to soak up any profit takers. Can see this moving up over next few sessions once those sells dry up. GL

Its also worth pointing out since the drop from 3p to 1p directors haven't been allowed to buy any shares until an agreement re debt has been reached, due to insider info.

Prior to this a direct bought 250 grands worth of shares for around 4-5p and with the debt restructuring due to be completed Q4 I anticipate those having bought high will look to add more given recent results and sp. GL

Took some, looks a easy hold at current price with lots of potential upside. GL

We hope so! Nothing like reading depressing posts all year round lol

No more trades than normal here today, next week money will start pouring in.

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

It wasnt much and that which i have made is left in to run. Hardly ever trade intraday swings and when i do il always leave profit to run as i did it in the first place as a time pass. GL and hope you all make back any losses.

Made a nice chunk this morning, took a hit in the afternoon. Overall made a little profit and passed the day by. Good luck to all invested here

Nearly back to this mornings price, i’l punt another some on another rise if it does drop to this am price and with how the mm’s have played this it really wouldn’t suprise me

When you have traders like this below, its no wonder the mm’s get to play silly bugger.

21-Nov-19 11:43:44 0.15 721,396 Buy* 1,082 O

21-Nov-19 13:17:20 0.109 721,396 Sell* 784.88 O

Thats crazy, this dude should not be trading on the stock exchange. You’l have better luck at the casino friend.

Date Time Trade Prc Volume Buy/Sell Value
21-Nov-19 14:29:52 0.11 86,841 Buy* 95.53 O
21-Nov-19 14:22:18 0.1088 2,039,632 Buy* 2,219

Them two trades show you how many they want to sell you sub 0.11 before lifting the ask. Easy money this for the mm’s

Well see if you had L2 you could have seen all the sells it soaked up at 0.11 as and when they went through to give you a better idea of whats unfolding.

I bet they dont allow half as many buys as they have sells sub the 0.11 mark unless folk are giving em away cheaply having pooped themselves lol. Got to love aim, half an hour ago could comfortably sell large volume at 0.113 and now considering selling at more than 10% discount

Nice! Had set a target of 1.5p to slice and have stuck to it having missed out on the chance to add on dip this morning. Letting the rest run as plenty of upside from here. GL

Definitely looks like something is brewing here imo / soaking up the sells and will still take 5m off me above bid.

Plenty loading up too.