Member Info for leamington

Hey Bits.

If you had any credibility before (big if as you are just a troll) then it's gone now...

Couple of things:

1. We are drilling again. Funded. Q1 2020. You need to drill to get the oil out and the SP follows.
2. We are keeping plenty of acreage.
3. The Farm Out was successfully executed. The hedge was against it not going through.

Sounds like a good deal to move this forward.

Remember that Joe also talked of a deal in the UK very soon...

Moving up nicely again...

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Congrats.

When’s the next one and what will it say?

By the way, RIM’s holding will have gone up as they are the group keeping Oilex solvent in return for placing shares. Predictable really.

As long as they remain substantial holders then this is a hold. Like many of us shareholders they see the potential long term. Lots of patience needed though.

What flow rates at Cambay exactly?

That’s the whole problem and why there is the dispute with GSPC. You need to be able to get it out of the ground. Promised much and not delivered hence the very low share price and lack of trust in the BOD. An oil company needs to drill and strike. Oilex can't yet get a drill turning let alone the hard part of finding hydrocarbons. Until they do the SP will have little pumps like yesterday to keep placees happy and the traders/rampers keen to grab a piece of silver.

Until Cambay is resolved this remains below .25 and there are no signs of that being anytime soon. Unfortunately.

Probably because some idiots were expecting Cambay news rather than window dressing.

I’m betting neither of those things Yuri especially not the second one. There would have been leaks and significant buying pressure beforehand.
At a guess this will be a similar move to the recent one in Oz dressed up as something big but in actuality highly speculative, cheap and paid for with more dilution. I would love to be wrong.

If they have gone for a new microwave then this is bigger news than we thought. RIM must be involved in an acquisition of that magnitude.

He paid for it by issuing new shares.

Joe has bought a coffee.

1M buy @ 1.04

Here come the sells....

I reported it as they claimed that social media was saying OEX was closing down soon. Thanks to moderators for acting so swiftly. Absolutely no evidence on social media anywhere. Complete lie from a new poster.
RIM are still heavily invested here and the board aren't going to give up their lifestyles easily.
Patience and more patience imho.

New poster. Total lie.

Absolutely nothing on social media alluding to this.

https://www.afr.com/street-talk/sandfire-resources-poised-to-acquire-mod-resources-20190625-p520x9

Out.

Oex pursuing etc....zzzzzzzzzz

This could go on until 2020.