Member Info for toptuf

Aiming High: Well done for being right on this occasion. I think the 'abuse' is not so much because you made a correct prediction but that you stated you were walking away having sold, only to hang around to gloat and then say that in fact you hadn't walked away at all. I had no illusions that this would sky rocket today but sometime soon it will either be seriously north of here or completely bust. For £5000 I'll take a punt on the former.....

CC: Any timescale for the .45?

That is a nice theory but then I read the same about GoI ratification and environmental clearance. I'll believe the rise when I see it. In at .34 and would like to make at least a small profit before I die (I'm 55)! Aiming High is a royal pain in the arse but given that he/she said we would end today at .22 and others were anywhere between .32 and .7, it's probably best to lie low until we are close to double today's SP and then have a go at him/her from a position of strength.

Never Satisfied: Was that 9AM ET?

I thought this WAS the big rns. It's always the next one. GoI approval was allegedly going to see pennies here and we are now down......

This is a reversal of the position outlined late last year and is a positive step. If we are into a new more lucrative hedge and production is close to 1350tpd, we need to have these monthly updates.

I was referring to the last time at 35p, which is why I mentioned debt for equity.

I wasn't happy with what happened with the debt for equity swap but if one wants to believe that mates were let in on the cheap, one assumes that those same mates will want to make some serious money and not just by dint of a sale that could be years away. It is incongruous to say that something fishy is going on but at the same time predict that the share is going nowhere. If my 'mate' let me into a business for a song (35p as it happens) and then it trod water for 12 months, we wouldn't be mates for much longer!

If anyone was genuinely expecting £1.50 before yesterday, given that we diluted by 10% but had a raft of good news, there is no reason to think that the target would now be half of that.....

Depends what you mean by 'ever'? If you mean literally then yes, I expect £1 in 12 months time and so too, I imagine, does Toby whose remuneration is partly tied in to share performance at 55/90/125p. Full production sustained in Q2,3,4 and copper staying above 9000$ a tonne should see above your 75p and possibly closer to £1.

I was recently accused of never having anything positive to say about Oilex, to which I replied that when there is positive news I will respond accordingly. Like others I am happy that my holding is worth more today than yesterday and when the rise in SP is backed up by news flow I will be even happier. I am stunned that those who have hyped this endlessly when there was negligible movement in the share price aren't all over it now, when there is significant and apparently sustained buying......funny old world.

It amuses me that on the one hand IIs are getting a terrible press but yet so many seem willing to give their shares away to the self same people. What is it Buffett says about patience? The way ahead seems a lot clearer and more positive today than at any time since I bought a year ago, albeit we've been diluted again to get to that point. Not quitting when the prize is within reach.

2 weeks on the snake sounds like lady's honeymoon diary.

"Patients (sic) is required before the next leg up". Just remind us when the last 'leg up' was.....

Surely a 'deramper' is someone attempting to talk down a share in order to enter at a lower price, rather than someone who simply refuses to believe that we are about to take off into orbit. Can't there be people who own shares and are realistic about their prospects, or do we all have to either be rampers or derampers?

I think there is a distinction to be drawn between outright gambling, where one is pretty much trusting to luck for a successful outcome, and investing, where a thorough analysis of the pros and cons is undertaken in advance. If there was no difference everyone with a SIPP would be classed as a gambler. As for being long or short, the difference is (usually) that those who are long can sit back and ride the peaks and troughs over a number of months/years whereas those who are short need the SP to go down within a limited, usually fairly narrow, timescale. Yes, you can stay short as long as you like if you want to keep paying he fees for doing so but most don't do this. Luck is involved whichever you choose to do but one can limit the role this plays by good research and staying patient.

Never trust the gambler who tells you he is "breaking even". If I had £1 for every time I had heard that in the bookies I myself might be breaking even!

I was certainly surprised that some felt that the company had an option not to tell us. I was equally surprised that a contingency for such an eventuality wasn't ready to be included in the RNS. Someone must have said "what if a contractor tests positive"? I don't know enough about Canadian or NFL rules on isolation but I thought they would be more prepared than they seem to be. Anyway, best to have it out in the open as you say.

I am not a 'non-believer' I am a realist. Your comments about having seen nothing to suggest any sort of rise is identical to my position as is your amusement at the 1p, 2p brigade. If and when there is something to be positive about I will post accordingly, but endless missed deadlines for GoI approval and no indication that it is pending give little reason to start predicting large upward movements. This isn't gloom it's stoicism. I will be as happy as most when this starts moving upwards. It would be nice occasionally if those whose predictions prove wildly wrong held up their hands and conceded the point.

VF: Firstly, I never "call anyone out". That is a ridiculous Americanism and as such i avoid it like the plague. If you are going to make wild predictions based on little more than a hunch and they turn out to be wrong, you ought to expect some flak. I told you that .5p would be three times more than the actual SP and we currently sit at .165. I don't need my calculator to work that out. Were I to be in the business of making predictions about Oilex, rest assured that I would indeed 'enlighten' you with my analysis as to why I had made such a forecast. I don't have any information but the point is, VF, neither do you and yet you felt able to tell us that a three fold increase in the price was coming before end of 2021. Now you are at it again telling us it will be next week. I could sit here and write "next week is the big week" every week for a couple of years and eventually I would probably be right, but that hardly makes me Nostradamus (mind you his record isn't great either).