Member Info for spudulika

Buying the dips!

Oh ye of rose tintedness... India is getting more corrupt over the last few years (not less!)

https://tradingeconomics.com/india/corruption-rank

Chesh - you've forgotten Q: How big do the backhanders need to be to get this moving?

Didn't India invent the brown jiffy bag? lol

Taken a small position here with some reserves to play with. I see a couple of familiar faces too hello haha.

Sandstorm (Ex Mariana) is now my biggest play in Gold, a streamer which I'm very happy with as it's a cash generating cow with potential for a 50% gain in the next 2 years along with divi payouts. Looking at the fundamentals here, there is a definite and imminent upside to the SP which i wouldn't want to miss! :)

"India
As per the US EIA 2015 report, India has got technically recoverable shale gas of 96 trillion cubic feet. The recoverable reserves are identified in Cambay, Krishna – Godavari, Cauvery, Damodar Valley, Upper Assam, Pranahita – Godavari, Rajasthan and Vindhya Basins. The Oil and Natural Gas Corporation has drilled the first exploratory shale gas well in Jambusar near Vadodara, Gujarat, in Cambay basin during October 2013. It is estimated that from this basin around 20 TCF shale gas is recoverable."

https://www.thehansindia.com/posts/index/Opinion/2018-12-02/Shale-gas-reserve-in-India-source-of-clean-energy--/451020

Sanity perhaps, but unless someone else here has been publicly talking to the BOD recently, I think we should just take time to revisit the last conversation that Align had with them and blogged about. http://www.alignresearch.co.uk/oilex/oilex-update-22-nov-18/.

Yes - there is another possibility (i.e. failure of talks) that could be realised but it is in neither party's interests to have an extended arbitration period. GSPC will be paying their full share of the JOA expenditure AND whatever arbitration costs they are accruing. Oilex will struggle to progress the field development plans and will subsequently have to go to market again for $$ top ups (Arbitration payouts will happen at some point though).

Compromise is the name of the game and the players are all business people who are in the midst of negotiations. In my opinion the odds of a settlement happening are far greater than not. All in my opinion of course!

Yes D220 - very happy with leaving the investment in SAND, and the only way is up. What a cash generating company wow! I can see at least another 50% rise over the next 2 years so might as well leave it in to accumulate. A disaster with the greenback will only bolster this too.

I'm being a bit contrarian at the moment with investments in OEX and PFP. Both in the doldrums awaiting news which should multibag them... but who knows when that news will come! I'll have a look at NRG, cheers for the tip.

ATB and a Happy New Year :)

1.395 just paid - interesting!

RIM in @ .36p and Align in @ .34p. News of a deal with GSPC will shoot this to .9p. News of a deal and a new JV will send it well over 1p. What’s not to like?

May dip ‘as low as your desired entry point’ you mean haha

Good to see GSPC sticking to the court ruling and paying their full share of the costs. News on the JV coming soon. GLA

Someone is loading up here.. it’s not hard, is it?

Probably should have put 1/2 a mill shouldn’t I? Atb

It’s all about the decimal point Mitch1967..!

We’ve seen both RIM and Align Research invest over the last couple of weeks at this level (RIM at .36). They have greater access to information than us plebs and seem to be waiting for the next leg up. Follow the money is what I say!!

.5 mill top up for me :)

Today's securities issue: Oilex Ltd (Oilex or the Company) advises that it has issued 166,666,667 ordinary shares at 0.36 pence

This isn't going down soon - can see this back in the .40s soon in the New Year

Thought you were coming back in the New Year John84 LOL...

Dropped the bid on about £100's worth of sells. That's really going to encourage people to trade.. Very much regret tying my money up here - still looking at around £12.50 to get it back..its sheeeite :(

Align http://www.alignresearch.co.uk/oilex/oilex-court-ruling-update/

Both fully diluted scenarios in this Valuation Model update show the potential up side: Scenario 1 = .93p and Scenario 2 = 2.71p

Whats not to like?