Member Info for obone

FX, already commiserated with you...
its a bummer.
I was almost wiped out on Black Monday and felt gutted/sick after the wretched RNS.
But took heart Tuesday led by Walters and other PI lobbying to bash heads together for licences.
I cashed in another share for an all in play so I am now close to recovering similar amounts to your loss.
Share price did not recover until Thursday when Colin released the its all right RNS.

NB He still can't help himself making up stories: he has never given credit to the PI for Tuesday's meeting.
And he has never said sorry for anybody's loss over the last 18 months.

The share price moves up and down in big margins on small trades.
I guess there is little free float and MM worried about liquidity.

Never seen SP movements like this before.

I sold some because I needed cash in my ISA but keeping majority.
Shares usually go up when I sell them....and they did a little.

Where's CMG choo choo.
He's train was too early.

Spud,
thats my reading...
GSPC to take Oilex to the international Singapore arbitration court - has a web site where courts fees can be estimated
for the amount in arbitration £2,500,000 . I calculated approx. $350000 sgp = £200,000
Could take months or even years.

HL says " Indonesia's central bank surprised traders on Wednesday, raising its main policy rate by 25 basis points to 5.50%, in part to compensate for recent weakness in its own currency, the rupiah."

IIMO: Good to buy in at this time with foreign currency

This share is traded on ASX and is only 0.2 Aus cents.
Also, long & expensive litigation about Cambay ownership is likely.

But then Republic Investments have a large holding and Align Research are bullish.
Seems like the ultimate 'Duke of York' share.

Yes and no.
20% so far today is b...dy good

Bound to be a few profit taking dips.
How high will we go ?
Predictions ?
Personally, I think we may have a late day rise when recording released so those missing Conf Call can see why so +ve

I made up this little rhyme for last two days to lighten the mood....

Joe marched the SP up to the top of the field,
And watched it go down again.

Thanks Calum.
being a computer programmer (retired) I am bit pedantic

I can now get up the cases as follows.....
To clarify hit the <litigants> button, then choose Respondent from drop down list
change search drop down to Anywhere and type 'oilex' in search
set case year 2018 to 2018
hit <Go> button

Two entry lines are shown

Callum,
could be useful but very hard to pick search criteria.
Any suggestion on how to use ?

No Scully Clive was always going to be there.
He was on the previous Conf Call.
It was always going to be a double act.

You're right Scully.
A big +ve point that came out.
Clearly said by Clive that a dilution would involve an EGM and they would not go down that time & expensive route.

Retour,
A negotiated settlement % of Cambay field would be a reasonable settlement for both parties as long as Oilex can then organise a JV. Its also how long this would take will be an issue.

Next time I'll use a speaker but I'm sure I'll survive the phone experience.
I may not with the palpitations our SP gives (or not )

Clive finished with
I would be disappointed and surprised in short order not to be able to put something in front of you.
But no guarantee.

lol

good suggestion my ear is burning.
probably run out of battery.

worse than BBC question time.<br />Atleast you read out own Qs not some paraphraser.<br />And another not clever person collecting Qs<br /><br />Almost chinese whispers.

The coordinator posed my pre-submitted questions but para-phrased. Missed bits.
There was/is long delays while collecting further questions.
I asked about the need for YJ for cost saving; was not put.
At same time I asked about changing W H Ireland broker due to bad reputation and the question was put as are you happy with them. answer yes.

Typing while phone in ear !