Member Info for Sir_Hector

You’re clearly addicted to schadenfreude Deadly!

Oh and I might add that while I’m not exactly happy sitting here watching the ar5e fall out of my investment I’m not going to get bitter and start trashing other posters, it was my choice to invest here and I’ll accept the consequences if it comes to that!

Deadly, I’m a honest investor with skin in the game so yes I’m going to try and be positive but I’m just offering my opinion and nothing more.

Well you may be right about the traders Shmoo, I’ve certainly not made a penny! While it may only take 10 days to process an application to approval, getting an application in shape and answering all the questions can take a crazy length of time. If you’ve ever applied for a planning permission in the UK you may have an idea that the model process and the actual rarely look even remotely the same. Yes Hamilton’s been poor in many respects, not least in setting and managing investor’s expectations. He’s also failed to respond to data requests in support of his application in a timely manner but I have some sympathy because the authorities can be hard to work with.

I also suspect there are a good number of disingenuous individuals posting here who’ve been GEX bashing for weeks and now decided that at under 5p this represents quite a nice little opportunity and have bought in. There doesn’t seem to be a shortage of buyers today, it’s the sellers who are in short supply!

I know there is a lot of ill feeling toward the two main individuals involved here, Hamilton and Wallace. However, if they were the crooks they are made out to be I’m pretty certain there are other, easier ways to fleece people than this. They are invested themselves and stand to lose if they don’t deliver. Conversely, they have a lot to gain if they get this right. I anticipate that in their enthusiasm they rather underestimated the timescales involved in the complex applications for permits and meeting the conditions particularly. I ultimately have confidence this will progress and deliver on the promise, but it’s going to take a lot longer than we all hoped and I’m sure there will be more setbacks on the way.

I did, 2x50k at 11:38 & 11:39 this morning, I couldn’t buy in a single 100k transaction.

Have just tried to top up but NT over 50k shares. So few in circulation and lots trying to buy in at bargain basement price. As long as there is movement there is hope and every snippet of news stirs the pot just enough to get the SP moving

I can’t help but feel the Ukrainian situation has a long way to go still. The two leaders are as entrenched as the war itself and Trump is deluding himself if he thinks he has any influence as a negotiator. The EU leaders are doing a good job of cheerleading but that’s about all! For this to change, I think Trump needs to get serious about supporting Ukraine with weapons and shifting the balance of the war in favour of Zelensky. The European nations will need to fund US arms too!

If the latest submission answers all the outstanding questions then the DMPE website status should be updated. The 14th July RNS simply said that the plan was approved pending conditions, it failed to say the conditions were not met and there was a requirement for further information from the applicant. It would be nice to think there are now no blockers to the permit being issued. However, GEX don’t exactly have a track record of skipping through the hurdles promptly. I guess it’s easy to look at the requirements and mentally tick boxes, that’s not how the authorities work though.

Anyway, fingers crossed we can expect a further update soon and a permit issue. Maybe we can all move on then and start thinking about next steps including raising more cash!!!

It reads pretty clear to me that “following the RNS dated 14th July” (that being the one that said the well plan was approved subject to conditions) “ it has submitted a revised EMP to support”. I conclude from that that the missing information related to the EMP and they’ve finally provided it. We should now see the ‘on hold’ status change and the application progress to approval providing the data is complete and there are no other outstanding conditions to be met.

So finally the missing data has been supplied! Hopefully then, and they wouldn’t release an RNS without checking I’d hope, the countdown to permit issue can begin (assuming there are no other conditions outstanding). Disappointed that GEX have been so economical with the truth in recent months, as has been said, it’s not like investors cannot see public information. Oh well, progress at last!

That’s interesting (but also deeply complex and hard for someone without knowledge to follow). My thoughts are that there has to be soooo much industry pressure for a breakthrough in energy density technology, the investment and/or partners have to be hovering? More likely someone else will take this forward much faster and it’s just a case of who has the key technology patents?

Ah, looks like the other 1000 words of my post didn’t make it! Sorry, I was probably rambling anyway

I posted a little while back that I thought this would drop to 5p and stick until we had news. Those of us who have been in for a while are a good chunk under and the time to bale out has past, nobody wants to sell at

Nope Louise, still in and holding fast with white knuckles in full view!

It is interesting that the blockers to progress at Hussar appear to be related to the provision of further information, either regarding ARLA or the expanded area Environmental Assessment (which was formerly spoken of as a gimme). I first thought this when GEX announced it was pressing ahead with the Mt Winter application when previously it was indicated that this would be funded from Hussar. Do we conclude that Hussar has stalled for some unmentioned reason? Or, given the delay, have they simply decided that Mt Winter might just as well progress?

TBF, I’m not sure what to think. The original proposition seemed to be well considered and there looked to be a plan in place to achieve. However, anyone who has applied for planning permission in the UK will know that things are never as straightforward as you might think and things can be derailed by something of seemingly little or no consequence at the outset.

The problem is how to survive this period when control of your business is in the hands of another entity (the planning authorities). How do you maintain investor confidence? How do you secure funding? It’s easy to find fault and accuse people of being foolhardy or being a ‘chancer’ with investor’s cash, but most small ventures are anything but guaranteed certainties and there is a huge element of chance associated with getting to the point where critical mass is achieved and cash starts to flow. If you’re in it’s because you wanted it to work and thought it could. Stick by your decision and ignore the naysayers who are simply here to take delight in another’s misfortune.

I bought in over a period of time up to last year with a view to holding and taking the dividends. Given I’m in at a £5 average I’m hoping to off-load a proportion after the dividend and realise some of the gains. Whilst my gut says this is an £8 stock I suspect there is a bit of a pull-back pending so it might be next year before we see it. I am in a similar situation with LGEN. I didn’t expect to actively trade as an investor, I just planned to pick stocks with good returns and some long term growth potential and stick. When a stock sees significant growth it is tempting to sell and bank the cash even when it’s not in your strategy

It was originally placed on hold pending information to be supplied by the applicant. TBF I’m not sure what is approved and what we’re actually waiting for now!

https://reportviewer.dmp.wa.gov.au/reportviewer/Default.aspx?reportPath=/PGR/Approval%20Tracking%20Detail&fromDate=2009-MAY-01&toDate=2025-Aug-12&lodgedBy=WESTMARKET%20OIL%20&%20GAS%20PTY%20LTD&applicationType=(All)&actionCode=zzAll&rs:ClearSession=true&rs:Command=Render&rs:Format=PDF

GEX has a huge upside but getting past the first hurdle has proved to be a bit of a stumbling block. Basically they raised money last year to fund the re-drilling of an old exploratory site that according to the original assessment and subsequent seismic analysis has a bumper load of He. The cash raised should have covered all the preliminary work to get permissions, access the site and drill. Unfortunately getting permissions has taken longer than expected although the drill plan has been approved, the conditions have yet to be agreed as satisfied and the permit is awaited. Money must be getting very tight and it’s a race against time, will the permit arrive before a placing is needed to raise more cash