Member Info for gordon1237

Yes that was my reaction as soon as I saw the price Callum. Didn't want to seem negative at the time so kept quiet. I can remember saying way back when we first knew that gspc were selling to a third party that the price was all important as that in turn valued Oilex's 45% and determined how much they could raise by farming out, or other means, for drilling. There were some on here, saying the price didn't matter, as long as we got rid of gspc. I was thinking at that time that the sale needed to be at least 10 million usd. Hope we find out that Joe has something up his sleeve before too much longer. Atb.

Fair enough Callum. I was forgetting the spread on asx is even bigger than here at 0.003 to 0.004. It is a tiny volume though. Was hoping for more given the increased volume here yesterday. Atb.

Hi Callum. Given that wells cost 2.5 to 3.0 million usd each its hard to see how a farm in will work if the "true" value is only 2.2m. I guess we have to hope that someone farming in values it at much more. This is why it seemed to me like a double edged sword when we found out the price. Fantastic, looks like we are getting it cheap. Hang on how does the finance work? Looks like the market sees it like that. However, you'd hope there's more to it than that as otherwise talks wouldn't be continuing.
Don't see how someone can have bought at 0.4c when the sp is only 0.3c and the volume is only 1.5 million. Atb.
https://www2.asx.com.au/markets/company/oex

Don't know if I am missing something, but simply can't see why it makes any difference to institutional or private investors. I cuttently hold 6.65 million shares at an sp of 0.16 p. With a consolidation of 10 to 1, that would be 660,500 at 1.6p, or at a 100 to1, it would 66,500 at 16p. Couldn't give a monkeys either way. Atb.

Can't for the life of me understand why anyone thinks consolidation is a problem. Purely a cosmetic exercise. Atb.

Having held on this long VF, I have no intention of selling even though I think it is 50/50 or a bit less.
Yes Callum, they even tell you in the adverts for cfds etc, " 74% of clients lose money". Its just like betting shops if you ask if someone's winning 99% say they are either winning or breaking even. Gla.

Blimey Qs. Bit of a sudden loss of confidence. Only last week you were saying we needed to be patient. Don't believe for a moment you will sell up. The delay is certainly concerning to me though. Gla.

https://youtu.be/nkUOACGtGfA

Great film Callum. Hmmm, wonder if everyone on this board is a figment of my imagination. Lol.

As long as it's not
https://youtu.be/TjPhzgxe3L0
Lol.

Steamy windows!

More irritated than stressed. You know as well as anyone how often we have expected good news that hasn't materialised. "This time it's different". Let's hope so. Atb.

Qs. Of course I didn't mean tomorrow, but 6 weeks is quite a while. There were plenty on here saying days or a couple of weeks at worst. Still this is Oilex, so are we surprised. Lol.

Trying not to be negative Steven but long experience of Oilex makes it hard. Atb.

All fair enough to some degree Qs. So why use the term advanced? Also, for all we know, by the time they were forced to issue the rns, they might have been talking for months already. Atb.

Very true Espen that they had to put something out due to the leak. However they didn't need to say advanced. They did say in the raising rns that they were confident. That was nearly two weeks ago. To me thus delay is becoming a concern. I mean if they have found someone, or more than one who is willing to put up cash and/or farm in, how long does it take to agree terms? Atb.

Very like Oilex. Hemmed in on all sides with very little room to manoeuvre.

Nah Wolfie. That wedding dress would never fit me. Lol.

Namco. Never say never, I suppose. Very unlikely as I would have to sell some of my limited assets to do so. Can't imagine any deal that would make me do that. If it was really good, I might not sell up completely. Or it might be possible to sell up on the day and buy back cheaper later. I guess we are all need to see the shape of the deal in order to decide what to do. Gla.

Fair enough. We we all have our own ideas on what we are hoping for here. Personally, I would be delighted to reach my break even of 0.32. That would have seemed very unlikely until February's news. At that time it seemed 50/50, but as time drifts by it is falling away a bit. Gla.