Member Info for gordon1237

Of course in a year they could be worth twice as much or half as much.

Still good news as you say. Pity we can't get our hands on it for a year. Atb.

906,500 aud comes out at a fraction under £500,000.

Callum, that is not what it says in the rns. If the price is below 3.7 cents we would get more than 22.05 million shares but the maximum value would still be 906500. If the price crashed on the 60 days we could get up to a further 10million shares but the value would still be the same.

Of course if the share price crashed between 60 days and a year's time we would get less.

22.05 million

Yes Callum, I think your right. Except for one slightly baffling thing. It says we get the extra shares to bring the value up to 906,500 if the sp is below 0.037. Now 22.95 million at 0.037 comes to 815,000. So does that mean if it was that price or just above we would get a bit less. Doesn't quite make sense. Anyway its a decent wedge, which we will probably sell in a year for whatever the sp was then. Atb.

I think the benefits of averaging are a double edged sword. It's great if you strike lucky and the sp goes up. A year ago I more than trebled my holding. Bought in the low 0.2s and brought my average down from 0 58 to 0.325. At that point I "only" needed a 50% rise to break even and was fairly optimistic. If I hadn't bought more I would now need a 7 bagger to break even. As it is I need a 3.5 bagger. Some would say, that's good you did the right thing. Well no. I am now sitting on a far bigger loss than if I had done nothing. Atb.

Hi Beadle. Welcome back. Yes a glimmer of hope. Yesterday's drop made me think, Game over. Let's not get too carried away, though. An awful lot needs to go right for this to do Phoenix impersonation.

Yes uk. At least that unexpected cash should carry us through until next year. I would imagine that amount must be for quite a long period as they are now only spending a fraction of what they were. You wouldn't think there would be any more for a fair bit. All the other news was expected. Got to admit that yesterday's drop seems to have been for no particular reason other than people giving up and voting with their feet and then a bit of a snowball effect. We are still down about 17% this month. Atb. Gla.

Qs. Didn't I just say this cash was a good thing. This is not the historic cash calls that the dispute was about but the more recent ongoing ones. Atb.

Yes VF. Enough for about 3 months cash burn at current rates.

A bit of breathing space at least. Gla.

That is a bit encouraging. Especially the cash from gspc. Hopefully means no more dilution for a while. See Qs, I can be a bit positive when it is merited. Atb.

Qs. I can imagine you on the deck of the Titanic, as the water lapped around your feet saying, "Everything will be great, as long as we keep saying it is". Lol.

By the way, you talk about Yuri as though he has always been negative. Not so long ago he was as pro Oilex as you and for years, gave me stick for any negative views. Atb.

Oh, and of course the pandemic is more important than the finer points of Oilex. Doesn't mean we can't have an opinion about seeing our hard earned gurgle down the drain.

Qs. I for one would be at least a bit reassured if, for example, Joe were to say that he knows of no reason for the 17% drop yesterday, and the 25 % drop this month. Atb.

Conger. I presume you will be trying to contact Joe. Atb.

This doesn't need any help from me to be a disaster area Qs. Do you really think yesterday's all time low was due to posts on here. Get real. Atb.