Member Info for Investinvalue

Even if I did know something I would not be able to say it. Also I am not implying you follow me but some here have followed my posts and out of sheer luck I have been correct and many have chose to follow my posts.

What I am saying is that this is an exciting time and I am personally buying as many OEX hares as I possibly can. I have a significant holding here and this is really only going one way. Always DYOR and all IMHO.

Good post Bonum. Recommended.

PI, I'm already in and topped up at 1.60. Average under 1.8p. Just wanted to be sure as to add more.

You are free to do as you wish and none of my posts say to follow me. Read back again on my posts for OEX. You have an issue with me for some unknown reason. However, OEX is about to go through a huge change and Joe will announce through a RNS the Cambay news which will propel the SP to above 0.50p to start.

Managing Director, Joe Salomon, said: "The process which will facilitate the recommencement of an active work programme at Cambay is now well underway. Considering the sale process, we believe we are approaching an exciting turning point with strong interest in the large gas resource at Cambay by a number of technically and financially capable companies."

If you buy in today would you be eligible for the open offer?

To the extent that a farm-out is successfully concluded on terms acceptable to the Company, the amount of capital available to the Company would materially increase, and as previously noted could be materially additive to the funds raised through the Open Offer and Conditional Convertible Notes as detailed in this announcement. Such funding could be applied towards all or a considerable portion of the costs in respect of the intended drilling, or alternatively proceeds from any farm-out could be applied to a broader work program than the current single well the Company intends to drill in 2020.

Only upwards momentum now. I hope you all bought at 143-144? Solid line of support!

Tar, do as you wish. You clearly haven't seen my previous OEX posts. GL ALL IMHO

Its a great opportunity to buy more. We all know this is undervalued and will rise back up.

Those who follow me, you know what I mean. I am Buying more.

I think that not only will they increase the divi and give a special divi, but also debt will be reduced to 200 mill. That is incredible especially with profit increasing 78% and could be more like 100% on final results.

Financial Highlights

· Revenue up 28% to US$787 million due to higher iron ore fines prices and an increase in sales volumes

· Underlying EBITDA A up 59% to US$372 million (1H 2018: US$234 million)

· Profit after tax up 78% to US$270 million

· Declared interim ordinary dividend up 100% to 6.6 US cents (1H 2018: 3.3 US cents)

· Net debt A reduced to US$282 million (31 December 2018: US$339 million)

· Capital investment doubled to US$114 million



Steve Lucas, Non-Executive Chairman, said:

"I am pleased to report half-year EBITDA of US$372 million, up almost 60% compared to 1H 2018, and a profit after tax of US$270 million, up 78% compared to 1H 2018. During the period we continued to benefit from strong pricing for our high-grade iron ore pellets, which helped deliver healthy cash flows. This enabled us to allocate capital to further reduce debt, increase organic investment in our assets to drive medium term growth and declare a record interim dividend to shareholders."

Nickel, next year production will be incredible. And final results will announce a debt reduction again and I believe we could be in line for a dividend hike. gl

No financial genius. You buy low sell high. Never sold all of my holding and my average is 87p. GL

My credibility can be tracked and my average is lower than 175. FXPO is cyclical and I have bought at 18p and sold at £3. I think you will find my credibility is fine. I call RNS correct and know the market lad. I will continue to BUY as the divi here is incredible. Solid company.

Are you holding here or just bored?

Great RNS. Increase in production this quarter.

Repression clearly wants to lower his average. GL

Managing Director, Joe Salomon, said: "The process which will facilitate the recommencement of an active work programme at Cambay is now well underway. Considering the sale process, we believe we are approaching an exciting turning point with strong interest in the large gas resource at Cambay by a number of technically and financially capable companies."

https://thingsinindia.in/oil-and-gas-companies-in-india/