Member Info for MisterPositive

Yes. TL has repeatedly stressed on these Orogenic gold systems. Getting confirmation in first hole is defo what they wanted to see. TL knows Cameroon inside out from his Reservoir Minerals days and was quick to secure those additional licences in Central Cameroon which sit bang on the shear zone also.

Cameroon acreage that ORR has secured is simply unprecedented.

Yes TL defo got skin in the game. I thought he had 7m...could be wrong.

Just waiting for drill results to start rolling in.

Some people got spooked into selling around lunch time by some people twisting the "settlement deal structure and amounts".

GSPC owed $68.75m to OEX (125M @ 55%) costs
OEX will discharge $2.8m of GSPC liabilities
Net settlement to GSPC agreed as $2.2m

So GSPC instead of paying OEX $68.75m of back costs, simply netted them off leaving $2.2m for OEX to pay

Aussies would be getting in also before us.

1p next week is on.

Expect much higher Open on Tuesday. Let the news sink in over the weekend.

"The Company's drilling plans in relation to the pilot program are well advanced and are aimed at establishing flow rates after hydraulic stimulation of the Eocene siltstone reservoir.  The pilot program will implement the recommendations from a 2017/18 Baker Hughes-GE study focussed on drilling and stimulation best practice."

$125m is historical cost pool. If Cambays valuation was not more than $125m....then why would OEX even bother with above statement in todays RNS.

Need to use basic common sense sometimes instead of complicating things which are not.

GSPC could have paid $68.75m cash for their cost share (125m @ 55%) but they probably did not have that much cash lying around...LoL

OEX just picked up 100% of Cambay.

Another way to put it 125m is 100% cost pool.

GSPC owed 55% of the $125m total cost pool that OEX been asking for and the long legal battle.
But today as part of GSPC settlement deal OEX bought out GSPC 55% interest for only $2.2m

CAMBAY valuation is far in excess of $125m and OEX now got 100% of Cambay field.

As part of the Transaction, Oilex will benefit through receipt of GSPC's share of the historic cost recovery pool, the total (100%) being approximately US$125 million.

Derampers always use these tactics.

Today's RNS changes everything.

Whole new ball game now with 100% ownership of Cambay worth much much more $$$$ and receipt of $125m as per today's RNS.

Wait for ASX buyers...

Derampers here for Balance....

Is the standard line they use i think.

Those are old accounts with standard Disclaimer
BEFORE todays RNS.

Big difference pal...looks like somebody wants in cheap.

Receipt of $125 Million...cost pool

That should be the Base MCap here for starters..

Mini shakes....Auctions after auction.

Just unstoppable this train....coz Mcap is so low

OK mate. See you back in at 0.60

Short squeeze mate.

MMs were caught Short today mate....Simples

That is why keeps going to NT to buy.

Even 1p might look cheap in few days imo.

Picked another 1m

What is wrong with me?..LoL

..just cannot get enough of these at such low price. Incredible

0.51 was previous high think back in 2017.

High before that was 2p...but might have been less shares back then. I'm not upto date on that.

Commodities Super cycle and EV and Clean Energy drive is pushing all Lithium players to new highs...whatever that might be here. Surely be a lot lot higher than just 0.15

0.50 should be here soon mate...

Aussies will be all over this...they watching

5-10 bags here mate.

You blink....you miss.

Already over 0.36