Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
5 OEX trades here in OZ after Environmental Clearance after 5 hours after open.
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As patience runs out for some investors there will be others willing to buy their shares. With a huge turnover of shares and only a 6% drop at present, someone is buying up. There will always be those who know in advance what is going on. For instance, the large parcels of shares bought over the last few weeks means that someone who can afford it is buying as impatient holders sell off. Keep that in mind.
IMHO
There has been plenty of time over the last week for holders to get out of this stock rather than waiting for news of GOI approval to do so. Re-frac results need to be positive to get things moving higher in the short term. Proving you can get the paydirt out of the ground and make a profit is what investors are interested in. Positive news such as this will inevitably give prospective JV partners confidence going forward. The wait continues.....
Looks like OEX had a sterling day as a result of news! Up 25% on ASX. This is great don't get me wrong. But 2 trades of 1 share traded late in the day to increase price! Hopefully price goes up on London Exchange tonight and ASX follows tomorrow. Anyway, my shares up 25% today. Still in the red but here's hoping.
GLA
Hang on. Another 1 share @ 0.005. We could be about to surge. Ha!
** Oex up 25% at present in OZ on the sale of 1 share @ 0.005
Jasper,
I have to be hung up on ASX price as this is the exchange I'm hooked into. So if the shares don't go up here I don't make any money.I understand your point though, so I have to wait until shares go up elsewhere. OZ market may be waiting for other markets to react first. Recently OEX went up 40+ % in a day on speculation and didn't budge in OZ.
Anyway I'll hang on for the re-frac news. Am working again so there's no hurry to sell.
Seems the GOI announcement ("in the near future") was already factored into the price in OZ.
To me it's like waiting for an oil drill result-it isn't any good until you prove up a commercial well.
Cambay is a great field but getting the gas and condensate out successfully is what matters.
So a successful re-frac and commercial sales may be the only thing that moves the stock in OZ
GLA
GLA
It's only early, but not even a rise on open...................
Hi all,
well it looks like it's a battle between 0.004 and 0.005 again! Small opening volume on such important news!
Maybe it's the successful re-frac news that investors are waiting for?
GLA
....and only 8 mill sellers at 0.004!
Now 43 mill buys @0.004 and 7 mill @ 0.005. The interest is there it seems
Hi All,
bids for 0.005 coming in before the open bell. It will be interesting to see how high she goes today and the volume.
If my memory serves me correct, last April's upturn from 0.003 to 0.014 took time over the day as ? day traders got a sniff.
At present there are about 14 mill buyers @ 0.004 and 4 mill @0.005-not much of a frenzy as yet!
GLA- especially all in GB who are going without sleep to watch ASX
BTW I'm sitting on a loss but In OZ I'm a bit protected as the stock doesn't move much in either direction..until news I guess.
I guess anyone who wants out of this stock can do so at any time. It's their choice!
Just put in a sell order and take your losses. Being a shareholder is a psychological thing as well as a due diligence decision.
We all got into Oilex to make money. Who likes to lose? We are so close to news. Me, I'm gonna hold out for news and a rise before I sell. If things don't turn out well then I guess I have to cop it on the chin. Been there before.
Let's stay positive as good news will be worth the wait
GLA
I kinda like the cold weather. We often light the outdoor fire even in winter if it's not raining. It's easy to get warm in Winter but hard to stay cool here in summer. Another hot night I'm afraid (26 degrees at 9.30 at night) here. Would love to visit Scotland one day.
will do Espen. The house is open after a thunderstorm here in Ballarat Victoria after 5 days of + 30 degree days.
How's the weather there with you?
Hi All,
It's Australia Day here in OZ! Public Holiday and share market closed. No shares traded as usual in OEX. Ha Ha.
We usually have fireworks to celebrate at sundown. I would be happy for an RNS in UK tonight and that would set off some fireworks indeed! Let's get this party started................
Hi all,
nice to log on and see the colour blue for a change. Always preferred blue to red!
Cheers
1,098,438 shares changed hands here in OZ. ASX down 177.9 points after down day in US. OEX @ 0.003 cents.
Australia Day tomorrow so market closed. If news were to come out in UK overnight I will have to wait until Thursday for any movement on Oilex. Usually there is a selloff the day after news so potentially could miss out on any upward movement.
Here's hoping to news Thursday or later but I'm only being selfish!
GLA