Member Info for gordon1237

Surprising that the rns didn't state the preferred bidder had pulled out, given the strong implications.

Too right Wolfie. Up 42%. Gla.

Not suspended. Up 17%. Gla.

Presumably means the original buyer couldn't complete. The all important factor is the finance details. What will the provider want in return. Still, on the face of it seems an amazing unexpected outcome. Gla.

2nd rns.
In this regard, the Company advises that Oilex and GSPC are in advanced discussions where it is proposed for Oilex to acquire GSPC's 55% participating interest in Cambay. Oilex also advises that it is in advanced discussions with third parties to provide finance, including working capital, to Oilex should this occur.
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.
Bloody hell. Exciting or what!!!

Rns says proposed acquisition??? Not what we were expecting!!!

Rns. Trading halt in the UK. Gla.

17th at the latest. Could be sooner.

"The trading halt is requested pending an announcement by Oilex in relation to the ASX Price and Volume query of 15 February 2021"
Gla.

Oilex suspended on asx following huge volume of 66 million and as jump from 0.15 to 0.30 cents. Is this the big announcement? Fingers crossed. Gla. Atb.

You feeling all right Qs? What on earth is "NEVER UNDER ESTIMATE COURT PROCEEDINGS AND SETTLEMENTS HERETO" supposed to mean?
Atb.

My grandad played for Fulham.

Well the sp held up quite well this week. Only about 7 % down. Still about 22% up on where it was before last weeks rise.

Thrtd you go Iain, that's one potential investor who wasn't put off by this board. Lol.

Good one. Lol.

And of course I agree that it wax my decision to put too much into Oilex and blame no one but myself.

Iain. Thanks for your thoughts. I did buy in early. Originally 6 years ago at 2.5p. I have averaged down numerous times, much to my regret. My average is now 0.325.
I do have a reputation for moaning as you put it. In my view, I am simply telling it as I see it, whereas many just seem to view everything though rose coloured specs.
As for comments on this board putting potential investors off, I don't believe it for a moment. Anyone who invests on the basis of comments on a board, probably shouldn't be investing in the first place. In any case, surely you have noticed that the overwhelming majority on this board are in the positive camp towards Oilex. Atb. Gla.

Doesn't make a lot of odds VF. The shares are equivalent to about £4k. Shows willing I suppose. What's happening after the 19th? Atb.

This site is getting ridiculous. My post of 14.59 at first appeared, then vanished. Still not there late last night, so I reposted. Now we have two for the price of one. Lol.

Thanks for your comments Callum. Much appreciated. Simply don't understand some people who seem to take it as a personal affront when you post opinion that doesn't agree with their own. Nobody would be more delighted than me if I am proved wrong and it all comes good. Atb.