Member Info for Retour_du_Renard

Roz - This is a new management. Take a look at their site. Most joined after 2016. So I think we have to give the new guys a bit of a chance.

They have done well to get the Reserve assessment completed (which is something the old management never did) and also forced the issue with GSPC and have at least got it to this legal footing.

Rozario - I do have experience with commercial court hearings (albeit in the UK, the indian system is based on ours).

I'd suggest you do some reading on this stock. Align have stated that this should reach at least 1.9 on a successful 100% outcome for Oilex.

Also, there isn't that much of a negative as they have already acknowledged they owe the money and do not wish to invest further. Therefore we have to ask, is Oilex seeking both the repayment of the outstanding amount AND the 100% of the license and/or combinations of both.

The joint venture ends next year therefore GSPC have little incentive to hand over any money just to service a few months of drilling (which they have seen as a waste of money in the past). I would suggest that, bar some political meddling, Oilex have a strong hand in this.

It's highly unlikely to go against them as the worst that can happen is that the final judgement gets delayed pending further considerations. This may force a few hoping for a fast buck to sell out short term but the SP will likely hold in this region. Align have stated that the current 45% holding is worth 1.6p, should the drilling recommence.

Note Oilex have submitted a proposal to GSPC, and it was GSPC that asked for the adjournment. Therefore, pending total refusal of the proposal, the 19th could see an acceptance of the submission.

Obviously I can only base my assumptions on the reports that are out there, But Joe did seem confident and wasn't playing down the impasse with GSPC. He was very much talking about the future, which I feel was very promising.

It seems the brokers are using the expectation of news to take the p155 out of the spread, pardon my french.

He has to be very careful as to what he says as it can be deemed by the court and defence lawyers to be 'influencing'.

I can see why they have refrained from being overly optimistic to be honest, which I think some people have misread.

OEX on ASX could probably be entirely bought for £30k, it's incredibly illiquid. It's only ranged 0.02 to 0.06 in 52 weeks.

Callum - Really good find and post, thanks.

You can read a number of things into the thorough article. The subject of GSPC and their perceived bankruptcy has been covered off in quite a lot of detail on these board in the past weeks.

They are under extreme political pressure at the moment and it seems are under investigation on a number of fronts.

Either they will quietly drop Cambay and give OEX what they wish this week, focussing their 'major' (1 TCF!) offshore find, which seems better funded.

Or they may feel that they can't be seen to capitulate to foreign interests. At the end of the day, the comment about 'paying their bills' is a complete joke. They have no money as OEX have found to their frustration.

I have a very strong feeling things could go OILEX's way this week as GSPC might want to slowly put this one to bed before it is used against them in congress.

ajax - Well lets hope life deals out a few good cards in the next few days.

Good evening all.

Wom - That's exactly what I thought when I saw £65k worth of buys in less than 30 mins.

Chesh - The Indian courts are like a colander with regard to information, no one in that country misses an opportunity to make money. I worked there for sometime. Everything has a price.

RNS Monday?

Just me and TM on a pedalo at this rate. Come on IMM!!!

Should I renew my subscription to Yacht Owners Monthly. Decisions!!

If you have regulatory updates and media then it's something big.

antigold - Personally, I don't really care anymore. Truth will out either way.

Frankly, I don't mind the SP being at this level as it stops the temptation of the bigger parties to sell out, especially the issuance that is due on Monday. If they were intending to make a fast buck those institutions would have pumped the hell out of this thing since the announcement, but they haven't and have obviously been given a compulsive enough story to not only hold but to invest too.

I think the management are cautiously optimistic, which management always is. They can't be too gung ho as this could affect the legal balance. Only days left now.

Nice to get a 15.30 RNS today.

Get the blood pumping for Monday then and a stella week.

Just something, a feeling that we could see some transformational news soon. Stocks often drop like this just before the big one. But hey, who knows.

If they can only announce something before I skip off to the pub.

ep - It's been stated numerous times that we are awaiting news and PR flow, which by all account is coming very soon.

I'd rather them work on getting this right than blow it by trying to satisfy the needs of short-termists and traders.

They may well have has an approach since their announcement earlier in the week.

Jock47 - Call yourself an investor!!! Reading RNS's properly. Whatever next?

Roz - Mr.Investments has admitted to an average of 0.14 (large pinch of salt) . He's just trying to get the price down with snide commentary and weak straw man arguments.

If you are serious about the stock then post your arguments and back them up with facts. Then you might be taken a little more seriously.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/OEX/13789443.html

This is good news. The new issuance doesn't come into force until 17th Sept. 2 Days before the court case.

Read into that what you will but it does mean that someone will have to push the price pretty severely before and after to make any profit on the holding.

Liking this new level.

That's regulatory. All companies have to do it once a month and always worth while before the General Meeting tonight.

Rosario - Stop trolling and deramping.

If you expect a dividend from an AIM stock you clearly don't understand the market and what AIM is for.