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So good to see some sensible and informative discussion on this thread. Such a shame that we have to wait for Saturday to see it. So many miseries posting in the week blaming GR for everything . Unfortunately, like attracts like which is also why we have the more positive and knowledgeable posters like tedoby posting today of course :) Good to see you posting tedoby.
And of course he wouldn't be joining if he didn't see an improvement in Oilex over the next few months/years.
The start of drilling may well have been hindered by the Covid situation in Zim. Very easy to blame GR for things that go wrong but Covid has held up a lot of businesses in this country and it may well be a contributory factor in Zim. to any delays.
From the RNS this morning. 'The Placing has been arranged within the Company's existing share authorities. Premier intends to use the proceeds of the Placing to assist with the funding of the ongoing drilling at Zulu for the DFS and general working capital purposes necessary for the Group.'
That sounds to me like the drilling has started. And even if it hasn't why are we concerned. In a fourteen month timescale there are bound to be hold ups, especially with Covid around.
That's a very good question :) Maybe some money from the Zim Govt. towards RHA? Only joking! More likely some photos of drilling on Zulu. I understand your disillusion with GR but surely the Zim. Govt. must be a large part of the problem. Virtually no money for the RHA. Two years for a DFS to be granted. Then there has been Covid. All three are factors in causing a big problem for any company. Not to mention working in Zimbabwe which clearly isn't the easiest country to work in. George has his weaknesses I am sure but he does communicate frequently on social media. Many CEO's do not. Many Ceo's don't communicate with investors at all or as little as possible. So there are quite a few positives here if you just look for them.
We have no idea what price any share issue will be at. Even one bit of positive news could lift the sp and then a share issue could be done at a higher price. So buying in now is at a cheaper price. Just seen your post chanlfc as I typed. I'll post mine anyway. I am a bit surprised at steward1's post as he clearly is knowledgeable poster.
Not sure why you apologised for posting again Dubliner. You are one of the most readable posters on here and I for one am quite happy for you to post as much as you want :)
I have added this morning and may be able to add more in the future. Seems to me that SRES is one of the more likely cos. on AIM to provide a very good profit.
Thanks for your answer ACKER. You are right of course about cos. needing the sp as high as possible before dilution and issuing bullish rns's. However, not sure that it completely explains such rises. Someone has to be buying the shares when the company needs them higher and unless it's an inst. or directors in the know I'm not sure how it is managed. Not to worry, dilution or not we will end up doing very well here imho. And just to show that I am not as obsessed with George as some on here I won't mention his name :)
RichieH9, I completely agree with you although I think the Zim. Govt. is more to blame than GR. We all get concerned when our investments are not doing well. it is the daily, repetitive criticism and negativity that I was talking about. It just doesn't encourage investors to post and share info. and views, etc. Nor does it encourage new investors.
George said recently he would release a comprehensive RNS soon.
Steward, I think a very good reason why a lot of people(such as Snowking) don't post on here regularly is because of the frequent negativity. Mr average investor uses these bulletin boards for many reasons but one of them isn't to read continually about how bad things are. Seeing the negatives about a share is always useful but having it drummed into you on a daily basis is very depressing.