Member Info for gordon1237

Obviously that will make a contribution Vf, but they did say they planned to sell the shares AND raise 3 million dollars. Atb.

Hopefully, it will come before Christmas but it seems neither us or Oilex have a clue.

Not so small Vf. Likely to be around 20%, similar to last time. That will make it a total of 30 to 35% this year. We will only see a decent return when approval drops. Atb.

We desperately need to see some good news to get people buying and the sp moving. Gla.

They dont need to be able to attend to vote, but I am sure you are right about being confident the resolutions would pass.

Yes, it did make me wonder, especially as they seem to have voted last year.

Looking at votes cast and abstentions it is obvious that Oilex's biggest shareholder, Republic, do not bother to vote. Surprising. Gka.

Agm results on asx. Unsurprisingly all resolutions passed including capacity to raise with 10% more shares. Exciting. Not. Gla.

Guess the later time was to accommodate Roland via Zoom or whatever. Last year it was at 10 am. Gla.

So they have it late in the day, quick rubber stamp of the resolutions and straight up the pub. Lol.

Would have probably finished by about 6 am our time. It will just be a list of resolutions passed, presumably including authorisation to raise. Guess we'll find out Monday.

Hope so Espen, but if so, it will be about 77h. Just emphasises how slow progress has been with that upbeat story from 10 years ago.

Ah, when you post the link it removes the date, which was 2011-08-10. If anyone wants ro confirm it fir themselves all I did was google "Oilex cambay 76h" and it was the first thing it came up with. Atb.

Sorry guys this looks like a story from 10 years ago. Always seemed unlikely since there's been no mention of revisiting 76h, just 73h and 77h. Also since there's been no other news they would have been keen to put out an rns. Also thought we were pretty sure nothing was happening before approval.
https://www.proactiveinvestors.co.uk/companies/news/26610/oilex-completes-fracture-stimulation-of-cambay-76h-well-31759.html
Gla.

Gino. Your memories of the Cuban missile crisis are wrong. The Russians had nuclear missiles already in place in Cuba. This was a response to the Americans deployment of them in Europe.

Yes Callum, I did know. It was described as a voluntary escrow, which expired October 2021. Dont know what the voluntary means, either its binding or it isn't. Anyway, it didn't stop them selling 5 million shares out of the 22 million they had, in the early part og this year. Atb.

That would give them about a couple of months cash burn. It's a pity they didnt sell them a year ago when they were worth nearly 3 times as much.

Of course the biggest shock is they have a PR company. Who knew? Lol.

Thanks for that Conger, even if it is meaningless management /PR speak. So the clock started ticking at the end if July? That is 4 months from when they first said " In a favourable time frame". It is now almost 8 months since they said that and more than 4 months since Roland said in an interview that it would be 3 months or so. Sounds like they neither know or care.

Agree absolutely Steven. One could be forgiven for thinking they dont give a s*** about private shareholders. Atb.,