Member Info for Roharps

You need to earn over £20.1k p.a. to start paying it back and even then it is quite affordable.

38% of children go to university according to UCAS and not all if those students take student loans. Also many are just part time students.

Won't affect ASOS too much I would not have thought.

Hopefully ASOS will adjust to inflationary environment. Key thing is... poeple will want to shop at cheap online retailers if they feel pressured by raising living costs rather than the more expensive high street.

Its about ASOS adapting. SP is pretty much the cheapest its ever been post Covid panic... so hopefully a good entry point.

More oil in western hands. Can't be bad can it?

Can't believe how anti-west some of those RT posters are :-0.

Sad really... world should be friendlier and more cooperative shouldn't it.

WTI benchmark is up alot today and back over 100... and yet the SP here has gone down nearly 10%. Wtf. I did top up significantly at 24.29 but did not expect to be able to after yesterday's rises.

A placing is fine if it acquires a decent asset.and not all placings destroy value... indeed Art is invested at 35p and is himself a massive shareholder with a massive interest for this to go up not down.

From what I can gather there is enough cash available anyway. And we already have a decent chunk of wyoming even without cuda.

This should be in my opinion in the 30s not low 20s? Mad

Sure... the trading update was not too bad... no real curveballs thrown. With recent huge SP falls... this should provide a bit of clarity.

Bad news priced in already.

I think tomorrow could be a bit better news than is priced in by the wider market currently and the SP will rise accordingly. Hopefully I am right but GLA!

I have been thinking that COPL would be an easy transfer target for a major oil company.

@stas20. Thanks for the info

Ah ok thanks for clarity then ART.

Yes I got the 30p call wrong. I do not mind at all admitting when I am wrong. And I did nit fully read your post... just busy in my job.

And quite happy to share with others when I am at a loss. I have got the call right at ASOS with my trading and at oilex with a longer position.

You win some and you lose some... but overall you hope for more winners than losers and should never hold a single stock in less you are actively involved in the said company.

There we go... no one knows what is going on?

That is why the SP is down. People like simple... understandable...the complexity of what is going on is hurting people's heads.

And some are making it more complicated then it needs to be

The info on here is scattering my mind... giving me a head ache. All i know is that we got loads of oil in the ground and producing already. The head honcho bought loads of shares at 35 p. So if he has done that.... cant be that bad can it.

It is hard to contain my envy of anyone getting a price of sub 23 today. Amazing.

I wish those new holders the best of luck.

Individuals expoiting the complexity of the company's situation. walking down the price for some sort of purpose. Perhaps a takeover on the cheap, perhaps to buy in on the cheap... perhaps because they have a large short position.

Or maybe there are geniune issues only they can see and warning others. Maybe they have something against rampers or the management of the company. Or maybe indoviduals with nothing better to do then bring pain to others.

Who knows? I would love them to state their agenda.

Im am a newbie to this so trying to get my head around the politics.

I trade some holdings and I hold some long. I will hold this share long. I just wish i'd got in at this price now. :-0.

I hope to contribute to the board over the coming weeks. Hopefully with some useful stuff.

I like active boards so all part of the fun and happy to interact with long holders, shorters, traders, who ever you are.

As a new investor buying in yesterday I really thought this would return to 30s.

I have been burned big time. Hopefully will see some recovery today.

Its totally normal for early to mid stage oil companies to raise money on markets. That is why they are listed.

Also when oil prices are up debt refinancing becomes alot easier. Halp me to understand what the concerns are here?

The price drop seems crazy in the high oil price environment which is only going to get further inflated

The other thing I would add, even though Oilex has not been able to get at the HCs, the asset value has appreciated since it was acquired in full which is good for the balance sheet. Obvioulsy because of rising cost of oil.

I dont wish oil to remain high as that probably means wishing these horrendous world events continue, but it will set up Oilex to sell high rather than low. And there would be benefit for share holders.

July if its on time. The SP is priced for a probability of a delay due equiptment which has been delayed. Can't frac without.

There are known hydro carbons... just need to bring it up.

If things go to plan with the equiptment they need... I am guessing 35p pre frac news... 60p thereafter and more potential longer term for over 1p.

As they are doing frac on their own... then hopefully post frac the JV partner will pay big bucks in terms of funding and cash.

GLA. Looking forwars to flange day only because I like the sound of it.

Reading through some of the comments here today... it is clear that there are a number of people on here that did at one time hold Oilex... (perhaps until recently) who are venting off a bit of frustration because they have not made mega gains thus far. They are telling us 'effectively' that they want the SP to go down so they can buy back in later 'closer to frac'. A sell and buy back. There are quite a few adopting this stance.

That is such a very risky strategy. SP can get priced up weeks in advance... so the timing of that is very hard. Only talking about July here for frac and the risk of another overun is well understood and priced to some degree. If you are not in closer to frac... you will struggle as SP will rise quick.

In terms of now the downside is much less than it was a few weeks ago due to the reflow of gas which 99% certain now in the next few days.

I have got in as it does seem like a tremendous update.

Back to pre pandemic levels and records number of contracts.