Member Info for gordon1237

Can't take Ron at face value. Think it was geological problems. The rocks are more elastic than in North America. That's what the study hopes to address.

Very old news Callum. Commercial flow rates were never achieved. The Baker Hughes study made recommendations after 77h which we hope will be successful.

VF. An investor wouldn't be diluting their own investment. They would in effect be buying say 50% for a known amount. I suppose the y might t as kr a share of profits down the line, seems unlikely. Anyway, surely that would effectively dilute future earnings and the value of our shares. Well know soon hopefully. Getting pointless really, debating when we are totally in the dark. May again be something unexpected. Atb.

flow rates

Span. I think that's spot on. The value of the gas in the ground is huge we know that. However, there seems to an assumption that it is as good as in the bank. I've said many times that we don't know until the new techniques are tried that commercial flie rates will be achieved. That's what we are all hoping for. Doesn't mean of course that we won't get a decent uplift when the deal is announced but nothing is certain.

SPQ. You can't have 100% dilution. That would reduce us to zero. I think you must mean a 100% increase in shares, that is a doubling which is 50 % dilution, where each of our shares is worth half of what it we oulf have been.
VF. Surly you can't think we will get backing without giving up a % in return.
Also don't see why anyone thinks the cash calls are ad good ad in the bank. Atb.

Agree with that Conger. Wouldn't be surprised if we see at least a doubling of shares in issue.

Really must stop looking at this every 5 minutes. Becoming obsessive.

Dakad. Yes you're right, most of the others are nominees too. So it may just be RIM going it alone. We'll know soon hopefully.

Yes Callum, that sounds far more credible.
Something occurred to me about the financing. It could be RIM who hold about 11% but the top ten holders have more than 50% between them. HSBC have 12% and Hargreaves Lansdowne 9%.
Suppose there was 50% dilution. If it was just RIM, you wouldn't think the others would be too happy. Guess they couldn't do much about it and might not want to given it may be the key to Oilex prospering. Just wondering if it might be a consortium of the top holders.
Only thought, probably way off the mark. Gla.

Love to think you were right Richard. Not sure that a general feeling. Most would be over the moon if it got to 0.5. Impossible to confidetntly predict those sort of numbers just on completion of the deal, until we know the details. Still we can always dream. Gla.

Conger. Lol. Actually trying to be positive. Gla.

Guess we can't complain if it holds at 0.185. A few days ago wd would have been over the moon at that.

The 52 week high is now shown as 8.6p. Someone having a laugh? You'd think the algorithm or whatever could eliminate an obvious outlier like that. Lol.

Agreed Andre. No way of knowing when news will drop. Could be a few days or weeks.
0.1875 to buy now. Gla.

0.1788 to buy. Let's hope that's the bottom.

That's a goodun. Poor old Kate! Selling out late. Lol.

Hope, you're right mister positive. Living up to your name? Lol. Did consider selling out Kate yesterday in the hope of buying back cheaper today. Hard to get things right. Cest la Vue. Gla.

Iain. Trading resumed on asx last night following the same update we got on lse yesterday. There is now no reason to expect news tonight. Of course it could happen tonight, or in the coming days or whenever. Atb.

Very little selling Silver. Currently showing 90m sells to 60m buys. Atb..