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Not a whimper on the ASX after the 12% rise on AIM last night.
Hoping the taps turning on RNS gives it a boost!
GLA
I agree toptuf,
I sold out of 88E to buy into Oilex last year. Made a profit on the hype but waited too long and got hit with the poor drill results of merlin 1. I was going to buy in again when Oilex went up here in Oz but that didn't eventuate. How lucky am I?
GLA
Gordon have you see this version of iggy off his face
https://www.youtube.com/watch?v=UMtH58M3HXA
Gordon,
here's one for you and Oilex re news
https://www.youtube.com/watch?v=ch_Fz2Np-Z4
VF
Clocks are turned back 1 hour on April 3rd here in Australia-daylight savings ends Saturday night.
Gets darker here in the evenings then. In Winter it gets dark around 5pm-no fun at all!
Cheers
Hi all,
no RNS here today but volume has increased markedly over the last 2 days of trading!
Buy is 0.005 cents and Ask is now 0.006
Market is gearing up for news that's for sure. Me, I've put my sell orders in and will attempt to buy back in if successful in selling before the refraccing
GLA
ASX remains stable at 0.004 cents- $40 worth of shares changed hands today.
Seems everyone is waiting for the next thing to happen apart from those who have lost patience and sold out at 0.003
It's next week again then....
GLA
Hi all,
ASX up 33% on very thin volume indeed! 236,800 shares traded and only 6 trades for the day.
No excitement here until positive news unfortunately. The wait continues...............
GLA
Hi all,
we are all frustrated watching the share price go down again. We want it to go up and keep climbing until we are happy to cash out. Of course we won't be able to pick the top or the bottom so it's always an educated guess.
Just like the racetrack, we invest in something that looks good and has the fundamentals/form we are happy with, but there's no guarantee we will win. Even the hot favourites get beaten! Also there's world events/government delays/crises/covid etc that all have a bearing on market sentiment, even if the fundamentals are good. Shareholders often get scared and cash out to keep their money even if it's at a loss (avoid further losses).
Frustrating yes! But it's the good news that will excite (if it is good!) Again no guarantees! Things can go wrong. It's the thrill of making a lot of money on your investment.
# If for example you stopped looking at the charts/SP daily and went on a holiday where you couldn't get any updates, and 2 months later came back to find your shares were up 1000% you would be ecstatic and wouldn't have had the worry.
But we all (I assume, as I do) log in daily to see what's happening. That causes the stress.
GLA
How about a JV with a Sleeping Aid App company. You could have subscribers log onto Oilex website at night waiting for news.
It would certainly put them to sleep!
Ha- Only kidding!
GLA
Most likely the results of the meeting will be released in OZ Friday
Not expecting anything other than ratification of share placement etc.
They say "No news is good news" or should we say "No news is Oilex"
Ha
Still waiting.....
https://www.tradingview.com/chart/?symbol=CURRENCYCOM%3ANATURALGAS
Oz market down on no news. Used to that though. Nice to log on to LSE and see blue.
Awaiting good news....
Hi Jasper/Gordon/All,
gas is at that price now as I type 4.29. Was as high as 5.20 on Feb 2 this year. If it gets to the recent high of 6.41 on October 5th you wouldn't want to be selling at 4.30 then. I suppose re-negotiating is an option, but what if you have agreed to a certain price are you bound by the contract?? I have no idea...
Hi all,
Oz market up 25% after the bell with a whopping 5 shares traded at 0.005 cents. I'm not complaining though, it's usually a drop with a tiny number of shares traded. Thin volume all day today between 0.004-0.0045. Waiting for inspiring news to light a fire under this stock- like successful re-frac or start of production from existing wells.
In Australia the price of petrol is $1.71 a litre- the highest I've ever seen it in my lifetime!
BWA (Best Wishes All)
Me too QS.
I only got in last April and thought I'd be in and out long ago and back into 88E for the Merlin 2 drill.
But, I'm gonna remain patient. I know a lot of investors have been in this for years longer than me.
I took 10 years off trading after being burned in the Global Financial Crisis. But, made some good money in 88E (could've made a lot more but share dropped like a stone after drill results were not to the markets' liking)
GLA
Hi all,
price is dropping but nothing's changed really. The fundamentals are the same but the sentiment has changed FOR SOME.
Sure we were all hoping for a fair price increase following GOI approval and Environmental clearance. Just goes to show that the market does what the market does. I'm in here for the big increase after gas is pumping. Let's just ride this minor disappointment. After all we are good at waiting!
GLA