Member Info for toptuf

A bit of dumping too. Damn, need a new loo role....

Elegance: I don't know what these are but if Oilex were gushing gas they wouldn't need more funds. Ironic that refrac was delayed to avoid paying too much for equipment and yet here we are short of money for something previously touted as fully funded. Makes last week's interview seem even more pointless.

Is this the same CEO who told you this week that very good news was coming? I don't think anyone on here was told in advance about the raise. There are just some posters (not me) who could see the writing on the wall both from the financial position of the company and trading patterns. You are clearly not one of them. As for all this nonsense about people being investigated, leave it out. The authorities and lse have got better things to do than spend time looking into non existent market abuse in a 12 million mcap company.

My guess is that he sold on a spike to 32 and then tried to talk it down for a re-entry. His tune changed to coincide with that spike abating. Perhaps he thought the investor call would get worse with potential placing coming and in its absence he has gone elsewhere. Just a trader, which is perfectly legitimate and his choice, but he won't be missed.

Everyone has the right to be a prat but most don't exercise it. Yes you can give your view, but Toby has a different one and he is the CEO. There really is now no point keep banging on about piling up debt because it's been ruled out.

The bell on Thursday in fact.

I assumed from Jasper's post that rns would be today as that is what "anytime now" implies. Otherwise RW could have said 'later this week'. Mind you 'imminently' became weeks, so much so that even SoS was ,losing patience. Anyone know where Maqsood is? He was predicting great things for months and now, on the verge of potentially good news, he has gone silent.

I don't know about confidence boost but you made them laugh. As for 'placing or borrowing will happen', that's hardly sticking your neck out although the former was ruled out for the foreseeable future.

What do we expect this rns to say? Having expected the rns on production to see a rise in sp, I'm nervous about the potential reaction now.

The biggest risk for us as shareholders was another dilution, which was knocked firmly on the head. Toby should have said the thing that keeps him awake at night is Mrs B hogging the duvet.

Gordon: when those who predicted a rocketing sp are proven wrong they do several things:
1) refer to any comment that doesn't tally with their view as a de-ramp
2) blame market makers
3) blame poor comms at the company
4) accuse people of being traders as if this is somehow illegal
5) express surprise and astonishment that the market hasn't done what they predicted
6) call anyone who sells any shares a bedwetting
7) tell you it's a chance to top up. Of course had you or I referred to chances to top up last week we would be back to 1)!

What they don't do is 8) admit they were wrong.

Moon. Why is our cash requirement now suddenly 100 million not 290?

What were you expecting? The production news was reflected in the price on Friday with some taking profits now. The interview on Friday contained nothing that wasn't already known. Roland repeated what was in the rns and what he said in the previous interview. I was expecting a range between .28 and .31 so a little down on that, but talk of .5 or even pennies has no basis in anything other than hope.

They probably sold at .31.

I increased my position fourfold last week, I am just not expecting huge rises. I'll take a 25% rise all day long and bank the profit.

Don't assume that an update is going to move the sp noticeably. Look at Friday and today, a long awaited rns and we drop. Details of flow rates and some actual figures regarding how much money this is generating and the overall cash position would be welcome. It's still a jam tomorrow stock at this point and traders are looking to make money today.

Gordon said production would see .3 and then drop off, comments that saw the usual suspects pan him. My own .4 target has seen similar comments. The excuses that people find both on here and Twitter when the sp doesn't do what they predicted it would do are comical. It's MM games etc. On Friday Jasper was telling us that a weekend of good press would see this fly. Now he says it not on the right people's radar. Make your mind up. Slow steady rise is far more likely than a re-rate.

Seems from the predictions on here and Twitter that before refrac we could be anything from .42 to 5p. Happy if we are in the middle by end of June when I need to be sold up! Wonder what Aiming High is predicting.

Steven. Gordon's summary covers most of what I would have said. One missing element is sentiment. There are times when share prices get carried away on a tide of emotion and if you see that, think hard about banking some profit. 88e 20 bagged in a month last spring hitting 4.5p. Today it's at .85. I don't see that here, but a bag or two can't be ruled out before refrac. I'll be gone between .4 and.5 as I need the cash in the summer, but if you can hold for refrac and afford to see it fail, however slim the odds of that, then that could be the way to go. Unlikely to drop from here but I thought that on Thursday evening!!

You would think so, but 88e thought Merlin would be a success and came up dry twice. If we get to .5 before refrac, I would take some off the table. If ccs is your thing then maybe hold for a few years. Just my humble view.