Member Info for addamsrups

Remember, oilex have infrastructure, pipeline to local grid, many wells to reopen, they have a proof of concept fracced productive well, it took $100's of millions of investment to get this far, they have bhandut asset too. The poc well (77h) alone cost over $12million and to prove it all the overheads and salaries on top of that (yes one poc well far and above mcap.
Stitch to that what is professionally told underneath at cambay WOW look at mcap

A buy out of oex would be daylight robbery at $25 million.
A buy out at $50 million would be easily robbed on the vote.
The mcap is??????????
do your own calculations.

I haven't deramped the asset value and value of oex. I never would. but realism is just as important for the little guy. I haven't sold any and have made that quite clear even though I wish I had of done in both organized spikes for the sell ins

It was said with humour, but this share and the goings on is a prime target if there are genuine bodies that choose to expose the goings on. This one is too blatantly obvious and always has been

As you say about lack of trades. Maybe vice squad have raided lol

Even .76 would be great for you I guess. .89 would be even better

No, it does always seem though that I should have acted on what look like msgs. I never had as always think no way, then it happens.

As said this one of .76 seems ludicrous, but though i'd post it as I did with the .44 that seemed ludicrous too, and lets see.

.76 for me so if it breaches .7,, I am going to play with my pennies

I remember I caught a discrepancies in one of magnas trading of the share a couple of years back and I highlighted it to the bb when I found it

So who is it with all the big sells that keep troffing in.
Many major holders do not trade their shares, somebody else is doing it for them. the only time you here fact is if their holding changes outside the designated time when notification is required.

I think I see msgs in trades, tell myself no you are stupid , so many times they are. Last week I saw one at .44 and thought no way can it drop there. it did then spiked again. other day I saw two, one at .23something, no way,,,,it dropped there to sell (or close or buy lol) I saw another for .76. I truly think no way about that one so lets see.

Its a long road ahead, even I might play my small holding on next spike,,,,,,,,,if there is one lol.

It all depends on the result of arbitration.
Should oilex get the 100%,,,,,for obvious and many other reasons the world is our oyster. (will be highly reflected in sp)

Should we get a percentage deal, then it works good initially for sp but there are then be buts and ifs, so take care on spikes in sp should that happen.

There are other things I also know such as gsp being held responsible (given debt call) for a deal done through bhandari's company, I worry about this as don't see how oex could debt call for a deal done by a non exec of oex who owned the company that did a deal on oex behalf. and more things, so gspc may have a case that may have been set up to be that case in the future so oex could not do anything other than fail as command petroleum failed. Long factual story from history but it happens.

So oex would need a further $7million approximately.

I already stated that mcap is nowhere near a reflection on what inmho is asset value (and why lol) but drill will cost probably $12million (as the last one) then on top of that agreement, mobilization and drill could take another 9 months to a year. during that time there are overheads/ salaries to pay so around $15 million dollars would be a close estimate to drill end.

That would be an initial boost, but what you have to remember is what is owed compared to % value.
Whilst oex have first refusal, the debt probably equates to around a 10% max transfer.

If done it could also turn out detrimental as oex would then either need to fund next drill with 55% costs somehow lol or sell % to fund it.

I bet align, the brokers, the bods, and all the others that make a living out of this bull are fuming too lol

That's the way it works I'm afraid until next news or a requsted / desired pump

Actuall had a phone conversation with R miller, Miller told him when we were all questioning why is sp tanking, miller said we don't want the sp running away with itself or words along those lines. What a jerk lol.
Every Rns miller wrote a prime objective was shareholder value,,,,,,Yes which shareholders Ron?

This is Ron miller who was brought in as worker lol then MD or stooge of watts and bhandari, he made so many luring videos (you prob still get them on utube pro active investors) He was embarrassing, he lied saying all fully funder, then already had a placing and additional funding arranged, then said again we are now all fully funded, yet again more raising, then some boolicks and more boolicks it was madness and just so obvious when you had been with it and looked back.