Member Info for gordon1237

Wow, that's quite a feat deramping and ramping in one post. I would of course question the sanity of anyone who believes that anyone bases their decisions of anything said on a board. Lol. I don't think there's any need to involve characters from fiction in your quest for success. In any case what sort of god would be interested in your or mine financial success. Lol (again).

the fact that they've raised this cash now means they are not going to get any of the gspc deposit imminently ?

All together now, "Always look on the bright side of life........."

Yuri, you really are the eternal optimist. Don't matter what happens you see a positive in it. I reckon if by some miracle this went to 10p you'd be saying it'll be a quid soon! Lol.

I've been accused of being negative on here but this dilution is nowhere near as bad as I feared last night.

make it 7% dilution. Not too bad at all.

Because if it's new shares it reduces the value of current holdings by the same %.

That's not much of a discount.

Let's hope you're right. That's about 8% of market cap. However, the dilution could be more depending on the discount.

Surely , they wouldn't be suspending if it was only a few %.

It's not just a question of delay. Whatever the dilution is your current holding and all future profited will be reduced by that percentage.

Hopefully, won't be too much dilution.

a capital raising. It's on asx.

Adams. You remind me of the bloke who said " Just because I'm paranoid it doesn't mean they're not out to get me". Lol.

Quite right. Of course nothing on here will have any bearing on the sp. I can't understand why people feel the need to be on here all day saying its definitely going up any minute, today, this week or will double when news drops. Few seem prepared to even consider any alternative scenarios such as my comment earlier that perhaps any news is already priced on. I am as keen as anyone for s massive relate but anything is possible.

it not possible that the news when it drops is already priced into the current sp? Don't forget they were as low as 0.13 a few months ago. Maybe this is as good as it gets in the short term. Doesn't mean there can't be further gains in the longer term of course. Hopefully, I am wide of the mark, the news will be great and the sp will be mega!! Lol.

Until we get news we do not know when drilling will start.

Who's this bloke Gutty?

Of course you are right. If Oex closes tonight at say 0.4 and for some reason opened tomorrow at 0.6 that means nothing unless someone sells at say 0.59 and someone else is willing to buy at say 0.61.

I should probably sell if it gets to 0.6. When it was 0.15 I was expecting to lose the lot! But I expect greed will overcome the fear side of the equation and I will wait to see what happens.