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Someone mentioned a placing earlier? Not sure why they would need one, and why would they need the price to drop do far to fulfil one? they know whats happening here, and its either £4m in cash or 100% of Cambay and a JV. Odd suggestion.
the twist could be that actually GSPC have not put the money in at all, and this rockets tomorrow/monday!!
Do we expect more news today? surely if they wanted an extension that meant they had no money, no money means they renege on the conditions laid out by the court, and so we get 100% of Cambay? or is there more to it?
they were asking for 0.67 a minute ago. madeness
What are you on about? where does it state that? nonsense.
Albeit there’s an accounting issue, the mcap to cash alone is a joke, not to mention that they’re still going to be a profit making organisation and have forward order book for 2019 of £67m. This will bounce hard from here. GLA
People don't like delays in aim. sell and buy back lower. simples.
It amazing how many 10%ers are out there, even on such a share that could double in a week.
Safe, but not my way of playing shares like this.
what do you mean by that!>?
From what i have read (and believe me its a lot of waffle and gibberish) it goes to arbitration inside a month (started not completed) or we get cash or Cambay. Anyone else who's read it agree with that?!
In my view the court have done a total bottle job and sided with GSPC. total nonsense and waste of time and money.
also doesn't say about who pays costs, so guess we're stuck with those too. GLA
What’s the betting we get a crap after hours RNS with some sort of crap news?!
as much as i'd love it to be real, i'd take what they say with a pinch of salt.
It's frustrating that the court website only gives the status and not the decision! :(
Or perhaps that just means that the case has been heard and waiting a decision.
Means "The court will dispose the matter before listing it for final hearing." that's not good surely.
States "56-DISPOSED AT ADMISSION STAGE" any ideas what this means?
Agreed, and particularly in a country where it may not be clear on just verbal.
hopefully we don't have to wait until tomorrow.
Not sure this sounds good. if it was a positive decision (verbally in court) then i'm sure Oilex would tell us straight away. But as they want it in writing, i expect that it wasn't as positive, and contains caveats which they want to review first.
Hope i'm wrong.
yeah, hunting for more shares. they're going to need them within the week!