Member Info for gordon1237

It's already a shame. Could have got them for 5k less today. Or got nearly 50% more shares for the same outlay.

I have no cash to top up sausage but the ideal time would be just before the next rns. Now where did I put my crystal ball?

Zag. The point is that nobody knows how good the news is until we get an rns telling us. It could be great and double or even treble the sp. Or it could be mediocre and do very little to the sp. It's obviously not impossible it could fall through altogether. We all hope for a fantastic deal but we just don't know. That's why the sp sits where it does but hasn't fallen away completely.

VF. For once we are in full agreement. It seems to me highly likely that only one potential partner remains. Gla.

VF. No way of knowing how good the deal is until we see it in an rns.
Elegance. Yes there could be others yet to show their hand bit Briana gave me the impression that their was only one frontrunner. Guess, we'll find out in tje next few weeks.

VF. Yes I said yesterday that the wording was very similar (even if standard legalese) to that used when it was announced that Oilex were trying to buy gspc's share. That was confirmed after about 6 weeks.
What has really surprised me is that they were willing to give up, not only a controlling interest but also operatorship. Never been mentioned before.
I see two possibilities either they were left with only one firm offer, which is conditional on the jv being the operator. Or the offer from one company was so good, with regard to cash and number of wells drilled on free carry, that they couldnt refuse.
Either way, it looks likely, that if it goes ahead, they will sell they remaining 49%, once the new wells are proved, hopefully for a much higher equivalent amount.

Yes I do remember Conger. Well done.
I deal with it well. I have as much coming in from two work pensions as I did when I was working. Not a fortune but enough to cover my rent and other modest needs. To give an idea, I never earned enough to pay the higher rate of tax. I didn't retire until I was 68 as I loved doing the science and got on well with my work colleagues. Didn't really want to stop but as a former colleague said when he retired, " You can't go on forever".
I remember moaning like hell when almost exactly 50 years ago, I was forced to join the company pension scheme. ", Bloody liberty, robbing me if my hard earned, every month". LOL. Of course I am grateful for it now.
Must admit it did seem strange at first, having money coming in and doing nothing to earn it.
Different situation for you of course. Atb.

Blimey Conger. That's a lot of confidence. Your investment is more than my total assets. Gl.

Now 0.13 to buy. The person who bought 10 million at 0.18 must be even more gutted.

Price holding up well.

Dummy trades. Cant buy even a small amount.
Could sell 5 million at 0.131.

Hopefully, we can hold at about this level, or not too much lower, which will give a decent springboard for when the jv does arrive. Gla.

noticed that the 10 million buy at 0.178 was a mere 6 minutes after the rns came out. Talk about fast out of the traps. It also means the sp peaked in 6 minutes before falling away, which must be some sort of record. Be interesting to see what happens tomorrow given that the market only had 55 minutes to react to the rns.

Yeah probably. Perhaps I was just trying to be optimistic for once. Lol.

One thing that makes me think this is probably going to happen is the similarity to the wording with what was said in February 2021 when it was first announced they might buy gspc's 55%.
This is what they said then.
" The Company advises that the discussions have not reached completion and there can be no certainty that any agreement will be reached. Further announcements will be made as new information comes to hand."
This is now
"It should be noted there is no certainty that the Expression of Interest, which is subject to various due diligence workstreams, or any other approach received by the Company, will result in the completion of a transfer of any participating interest, or operatorship in the Company's Cambay Block PSC."

wwal. I was merely referring to the fact that they could have saved several grand by waiting less than an hour. Who wouldn't be sick?

Yes it's listed on here as 0.179. Although it's the last on the list, it was actually at 3.40pm. Ridiculous to put it as the closing price. Whoever it was must be pig sick.

I'd like to think you are right Jack but it's hard not to remember that it took 10 months to approve the transfer of gspc's 55 % to Oilex when they were already the operator and well known to GOI.

That will be because Google prices are about as believable as Donald Trump.

Sounds like whoever it is it's the only game in town.