Member Info for Conger2

Just people feeling nervous and filling the information void.

The 90 days are up to complete the sale, i am sure Oilex will be taking legal action against GSPC very soon, if this continues.

I would like an update on the outstanding cash calls though as they are separate issue imho and should auctioned in court if they are provable., right now.

Do you think they need partime UK Finance Director? Might apply if they did lol

Oilex EIS Limited
Incorporated on 12 December 2019

Office Joe Salomon.

I know I missed the AUD$ ..... For gods sake how many times can you tell i was wrong lol!

But omg this on takes the pee tbh, it is so undervalued!

I realised too late ops

This is good news.

The only reason I think they would do this is they wanted more shares but could not get them on the open market.

Our Market Maker should take note and stop holding the price down!

Happy new year all.

Where is the cash call update?

@ Yuri.

I would, in fact i have put money on Oilex putting in at least one bid, i suspect they may be partners on more than one bid, as they will partners with the winners anyway.

The court order only says sell, not sell for more than X.

Adam the buys sells are inaccurate, it guessed based on the price and spread, so those sells you see could be buys and buys sells.

Just look at the volume and the trading range.

My prediction is 300 plus messages today, with the ramp brigade landing shortly.

This share is edging closer to a breakout IMHO.

The pressure of good news is building, the clock is ticking on GSPC.

Cambay deal days off from announcement.
Cash Calls will be settled, properly at a discount.
Copper basin progress expected.
New fields in the UK, with new conservative government.

Put every bloody penny you scrape together in and wait 6 months to 12 months and share will be pushing ahead I am sure.

Good luck all.

I am not expecting all the details, but would be good to have confirmation of sale progress.

I hope GSPC respects the court timelines.

Market maker has stretched spread, that will but stop the rise. As who want to sell at 18 and buy at 21 15% spread.

@alwaysswinning.... you only lose if you sell, so have you sold? Because if you followed it, you would know the extensions are not up to Oilex, so you can hardly blame Joe as he has never but time lines on his answers.

I am with you NoMark, I had good chat with Joe a few weeks back, I am confident this is going work out, they have the backing and the the skills.

You should see a massive change in the tortures of this share in the next 2 years.

GSPC have been forced into this agreement, they did not want it and they are being difficult, but time is running out for them.

It is not just an asset for sale, but also a business partnership with Oliex, they can't ignore.

It is not just about field data, it is also about working practices and relationships for a JV to work. :)