Member Info for Kabaa

No, it was you. You were going on about how the NPV of Montenchundra should value the company at way above the sp once it's approved (several pence/share)....posting daily! Last year. You were clearly a holder then.

I can see why the others are filtering you!

TDT, you were ramping this saying it was worth 2-5p last year. Lol!

Not looking to buy in by any chance are you?

I would expect this is creeping up because West Kytlim production is imminent. If you read the broker note, the potential this season is several times bigger than last. Then 2020 even more.

The value of what they could get out of this is way beyond the market cap. Many times. So the warrants will be a drop in the bucket if everything goes to plan. Don't forget last year they were way above target and this year they are expecting several times that.

Montenchundra is potentially worth several times more than west kytlim. A swift move upwards is not completely off the cards and by the look of the chart, it's getting ready for that...

Did they ever buy on weakness?
Do they even still hold the stocks they say they buy? Proof?

Sorry to see you go chancers but news will likely be announced out of hours and any day. If it's good, the stock will open up potentially well over 100% and you may not be able to get on the move.

This price is silly.

Placees happy to pay 0.36p for this around Xmas when the markets were doing very badly.

Now we are almost 50% off that.

People buying around this level are going to have an easy and quick 100-300% imo.

It does go to explain why a lot of people have panic sold this so low if they think it is a loss making business.

Yes, it's a goodwill writedown. No-one who knows anything will take any notice of that.

A company that has just reported 180m profit with a 630m market cap, forecasting 120m profit next year is not exactly a 'dead cat'. It is a massive value play. Way oversold. Jp morgan were deramping it at 80p imo, it's worth much more than that and has come down from over £2/share
This silly sell off will be far in the rear view mirror by end of April imo.

This has become extremely cheap!

A pe of around 3!

Sure they expect a big drop in profit this current year but will still be a p/e of around 5.

Wow! SP will be back over a quid fairly quickly imo.

People talking of administration earlier. What a complete joke. No chance.

It could be any minute of any day during April.

GSPC have 2 choices in my opinion:

1. Give Oilex a good deal on Cambay and make some money in the process or at least retain some value from it.

2. Make Oilex go through the arbitration route, spend further money, drag it out, waste both parties time and money, then Oilex gets 100% anyway.

GSPC have just been dragging this out till the last minute, making Oilex sweat for a better deal before they go with option 1 imo.

It will all be over soon and the share price can finally rerate as the bigger and lower risk investors step in.

In the mean time, the oil price is ticking up quite a lot!

This is also no comparison to Debenhams!!! lol.

Every single market maker is aggressively trying to pick up stock here and can't get any. This is going to absolutely rocket!

Massive unreported buy order here. Watch it rocket....

When this breaks the 200p level, it is going to pop with stops, straight to 230p.

Well needed for my portfolio. Game changer and should be close to 300p by the end of the day.

Yes Beadle, this is why I think GSPC are dragging it out because Oilex want a quick resolution too.

On the other hand, Oilex are not completely desperate for much money. Directors seem happy to take their fees in shares and they can tap the markets easily for a few hundred grand. There will be a lot of willing participants to get involved at this price.

RIM, a c.10% shareholder added £50k in the last placing (at 0.36p). I'm sure they will be willing to do a similar amount again if not more.

To get Oilex through Arbitration, I very much doubt they will need much more than another £500k so there is a small risk of tiny dilution at this price, but with a market cap of £6m, it won't be the end of the world.

On the other hand, if they do get a deal done with GSPC, the share price will go ballistic. So for a risk reward trade/investment, I would say there may be 10-20% downside vs 100-200% upside very quckly.

For that reason, i'll be transferring Oilex shares into an ISA next week and potentially buying more during April.

Either GSPC will sign off Cambay and potentially other assets to us very soon, or we go to a lengthy arbitration and will likely win and get an even better deal.

Both parties want to come to a conclusion and avoid arbitration. Oilex does not want to waste lots of time and wants to get the asset to work, gspc wants to hold out for the best deal they think they can get.

For that reason, I think they will have it sorted within days/weeks from now.

How much imminent upside we have at this price is what interests me, as I believe they will finally have it sorted this month..
I would say much more than double/triple in a day or 2, but would like to hear others opinion on this (people who can value the asset a bit more professionally than I)

I know Align say 1-2p etc but would like others take on this.

It would be interesting to see if they could screenshot their portfolio holdings + value, to show if they do infact keep the shares of all of these companies they say they hold in and 'keep buying'
We could then get an idea how good their cooking really is.

Lol.

Ok. You win, I will filter you.

I must admit, I am absolutely shocked at where £3m has suddenly disappeared to. That is almost the entire market cap....gone. On what?