Member Info for gordon1237

Yes, but if Cambay isn't resolved fairly soon, they will need more cash in the next month or two.

Sorry swinger. Yes it is all about Cambay but this sale can not keep us funded. Its all in shares which can't be sold for a year. Atb.

Yes hopefully will be the start of a whole new era of space exploration. However, to people of my age who saw Neil Armstrong make his "giant leap" on live (black and white) TV the last 50 years have been massively disappointing. We all expected that within a few decades there would be permanent bases on the moon and Mars.atb.

Remember it like it was yesterday Callum. No sleep that night! Fifty years! How the heck did that happen? Atb.

Thanks Yuri and Qs. The quarter isn't over until the end of June. Don't suppose we will be holding our breaths though. Atb.

Bloody predictive text. Bhandut.

Polaris.

Polarise. Callum28 posted that exact link on 12th May. You only have to look at the dates to see its nothing to do with gspc's share of the Cambay Field. As MrI said it must be the other joint gspc/Oilex venture. I. e Bhsndut.

Hi Yuri. I'm still here. Thank you for your concern. Hope you are well also.
Haven't posted for a week or so. Just felt I was repeating myself.
To me this week's rns's were complete non events.
RIM increasing their holding was entirely due to the raising which we already knew about. It was as you indicated a piddling amount compared to the tens of millions they have already ploughed in. I am guessing they need more than a hundred bagger to get close to recouping.
As for the offloading of Cooper to Armour it is a slightly better deal in that unlike Doriemus they don't need to raise cash for it to happen. Essentially, they have got rid of an asset which they got for a few shares, in exchange for between 4 and 5.5 % of Armour. They can't sell them for more than a year.
So we wait and wait for the main event. Don't think we can really blame Oilex for the current delay. It's out of their hands. As I understand it we are waiting for due diligence and regulatory approval. Can't see much point of trying to change the bod at this late stage.
What I would blame them for is taking from November 2018 to September 2019 to reach this deal. Even if it turns out they get most of the cash owed, any benefit will be negated by the cash burn over that period. And if they don't get the cash its hard to believe they couldn't have got that deal earlier.
Incidentally MrI the June quarter is not June to September, it's April to June. So who knows when? Atb. Gla.

Mind you that was in March before the virus really hit the fan. Still here's hoping.

Ah that's better. Hopefully, next month then. Atb.

has a clue

Can't recall ever seeing that MI. If that was the case it would be the best part of a year since the tender opened. 90 days my a**e. As usual none of us had a clue when things might be finalised. Including it would seem Aaron.

So, we are now at the end of the 3rd week of May and no news. Any comment? Atb.

OK Yuri. That's clear. I think it's also clear that Joe wouldn't /couldn't say anything in a phone call that we don't already know.

Conger, likewise that wasn't directed at you. After all, as you yourself said, there was nothing new in what you posted. It was, if we take Joe at face value reassuring but then you'd expect him to be. Part of the job description, you'd think. Still doesn't mean it's necessarily all going to come good. Still be nice to get an rns that was a bit more informative.
Yuri, can't quite see where you are coming from. In recent times you seemed to have turned very anti the bod and generally pessimistic about things coming good. Are you now saying you have signed something which gives you an inside track to Joe?
Like MI apoligies if either of you were offended. Interesting that we haven't heard from the person who did claim to have an inside track. Atb.

Yes, some are more subtle and convincing than others but I am always dubious.

I wonder how many man hours we have spent between us, agonising on here about things that turn out to be utterly irrelevant? Won't stop us carrying on though. Lol.
Meanwhile the radio silence from Aaron is deafening.

Personally, I need a multiple of 4 to make a small profit. Ain't holding my breath.

The devils in the details Yuri. For that to work the offer for gspc's 55% had to be high enough for say 15% farm out by Oilex to be enough to finance the drilling.