Member Info for gordon1237

Kabaa. Of course I know the market is uncaring about my personal circumstances. I was just making the point that the lower it goes the less likely it is that most will get their money back. Just because it has bagged before from this level does mean it is guaranteed to do so again. It all depends on what comes out of the talks/arb. What if we get no more of Cambay and only a fraction of the disputed cash? Not saying I know that's going to happen but it's one of a range of possibilities from triumph to disaster. I suspect the truth will be somewhere in between with some sort of compromise but there is no way of knowing. Gla.

Chesh. Yes I did like the joke. Lol. Nothing wrong with a bit of bantz. Lol.

The problem with that is the lower it goes the more it has to bag for people to get their money back. When I averaged down in December it needed to double for break even. It now needs to quadruple.

No Yuri I don't have twitter. Chesh, if I am negative I have been shown to be right, whereas you have been constantly positive whilst the sp has declined from 0.4 to 0.15 and have self evidently been proved wrong. Gla.

It is all very well saying be patient but there is a limit. Remember we were told in December that discussions were expected to conclude in early 2019.

Beadle, I think you deserve all the ridicule you got when you said this was going to drop to 0.20. You were far too optimistic. Lol.

If they had gone straight to arbitration we would probably have a result by now. Even if they had got nothing or very little, at least the uncertainty would be over.

do we do that ?

Take the lot ! Great idea ! How exactly does do that ?

If Oilex was a city it would be crumbling like ancient Rome. That's a metaphor by the way. Gla.

Maybe not, but this ain't a city and 6 months is taking the pith !

Of course it is. Lol.

It most definitely wasn't due to simple lack of funds. Even though gspc are as Chesh says, skint they were able to deposit/guarantee the cash when told to by the court.

Are you having a laugh? This is fake news which caused a kerfuffle on here weeks ago.

Yuri, just realized you were talking to Vestor. Lol.

Yuri, no I am not on twitter. Vestor, it has been stated in previous rns's that arb is happening in parallel with the talks.

Bones. Have you actually done any research into the history of this share? If you had you would realise that my comment on a raising/dilution were not mere words used to so called deramp. Lol. It was an observation based on what has gone before. We have seen a lot of dilution over the years. I first bought in in early 2015 at 2.5p. There are now roughly 4 times the shares now than there were then. I have averaged down a few times since, most recently in late November when I doubled my holding at 0.285 to bring my average down to 0.57. That now feels like good money after bad. Incidentally, when the sp was 2p there were people on here saying it should be 20 to 30p. Lovl. Also, according to Yuri, the 6 months wait was "worst case scenario?". So nothing revealed there really. I really hope it isn't that long, because if the current rate of cash burn continues (hopefully it won't) it's hard to see how further dilution can be avoided. Can't for the life of me see why anyone would think Oilex will get much more, let alone all, of Cambay. If the case was that clear cut they would have gone straight to arb and would have it buy now. If only!!!! As far as I can see the only real way forward is to get a resolution asap, move on with a new partner and start drilling. Don't understand why when anyone says anything perceived as negative they are accused of deramping. Why would I want to lower the price so that I am losing even more money? Surely you can't possibly believe that anything said on here is going to affect the sp? I have virtually given up on ever getting my money back, but I guess nothing is impossible. Hope springs eternal. Gla.

I feel Yuri should be applauded for managing to make contact. Can't see any reason to doubt that as I don't see why anyone would think sensitive information has been revealed. We have learnt very little we didn't already know or could surmise other than the somewhat depressing fact that it could be up to six months before we see a resolution. What does that mean in terms of cash burn and a further raising/dilution?

Yuri. Well done on at least getting a response. I suspect he'll say he can't reveal anything of significance until things are settled. Good luck.

Could Oilex be the Norwegian Blue of companies? Lol.