Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
and price drifting lower without the burst in volume we saw Friday. An RNS later today would be most welcome
Yes Gordon.
We all know that 650 million shares don't change hands for no reason! Someone knows something but it aint us!
You would have expected the SP to go up a lot more on Friday if news was imminent. I guess some bought in at a reasonable price when others took the opportunity to bail.
Can't do anything but wait and hope it seems
GLA
BTW Oilex on the ASX today is at the same price that it was prior to the April 6 2021 news.
I will cease whingeing now.
GLA
This taken from the ASX announcement 6 April 2021. Released pre-open!
"Oilex Ltd (Oilex or the Company) is pleased to announce that GSPC has provided notification that it has approved
the sale of its 55% participating interest (PI) in the Cambay PSC to Oilex for the purchase price of US$2.2 million
(‘Purchase Price’) (the ‘Transaction’). Completion of the Transaction will require the finalisation of a binding sales and purchase agreement, and finalisation of funding arrangements, both of which are expected to occur within Q2 2021. The completion and transfer of GSPC’s PI to Oilex is also subject to the approval of the Government of India (GoI). The GoI has been kept appropriately informed at all stages of discussions with the aim of securing approvals for the PI transfer in a
favourable time frame"
** N.B The wording favourable time frame! Favourable to who?? Obviously not the shareholders! It's 9 months and nearly 3 weeks since that statement.
GLAFS (frustrated shareholders!)
If anyone in the UK is waiting up for Aussie action it may pay to go to bed and get some rest rather than watching the ASX.
IMO. But news could be released at any time as we know. Your call zzzzzzzzzzzzzzzzzzzzzzzzz
684,858,766 shares traded in UK on Friday but OZ market opens with barely a whimper. 825,249 shares traded in the first hour.
Just proves that nothing will move the Aussie market except news. Not rumours of pending news!
Waiting......
Hi All,
wow great volume but with small uptick in price. But hey up is still a better direction than down.
There is a holiday in OZ Wednesday next week for Australia Day but all the other days trading as usual.
Mondays' open will be interesting! Positive news is what we're after now to set a fire on this stock.
Finally pushed through past .1975. Keep going!
Each time price gets to .1975 it goes down again. Hope it pushes through this time and continues to rise.
I've put an alert on my ASX CMC account (assuming it works) to let me know by SMS when the price hits a certain level) I hope to put sell orders in by phone if I'm out.
Looks like Monday here if something drops today in the UK
Here's hoping GLA
Hi all,
no trades, no GOI news in OZ today (except for options update). At least the share price didn't go down!
Still waiting.......................
Hi All,
high volume again today with no upwards movement. A lot must be bailing out of OEX BUT those shares are being bought by others. Staying steady at .18. Initial selling but stabilizing. Large chunks are being bought especially before and after the close. Good to see that buyers are still positive on this! You can't sell your shares if there are no buyers and that's a fact! Here in OZ that's the issue. You either buy higher than you'd like or sell at a loss. On some days there is little or no volume in OEX.
Hang in there! GLA
Good thing Boy,
I really believe you will be rewarded for your patience! News has to be soon as we've done all the hard yards.
Also,
those sellers at 0.004 might be turning around and trying to get back in at higher prices when she blows!
How many times does a share go up just after you sell and have been holding for ages! It has happened to me many times, sometimes the following day.
Hi Boyfromoz,
thanks for pointing that out. I didn't even look as was out most of the day. Could be someone who has accumulated stock at 0.003 and wants out. It would be a 33% gain and that's good. Or else they have lost patience like the rest of us.
Me, I was hoping the news would be out sooner as I wanted to sell some and invest in 88E before the drill starts but it is going up already- bugger!
Hopefully our patience pays off and we are glad we waited. I bought in at an average of 0.0055 last year ( not as long as many by a longshot!) so if I sell it would be at a loss so might at well hang in there I figure.
This has the potential to be a real winner
Patience and Good luck :)
Yeah Farnham I agree,
As an Aussie I have now learned to expect that a rise in the UK even on huge volume doesn't always equate to a rise in OZ.
In fact sometimes it even goes down right on the closing bell or after which is even more frustrating! BUT we are waiting on GOI approval and I think that is the only thing that is going to shift things here. There are days when large volumes transact but the price rarely goes over 0.004 cents. When the approval comes in hopefully we take off here as well.
Looking at the depth of selling, after 0.006 the sell volumes are only in the 1-3 million range so if we can push through 0.006 we could run up pretty quickly with good news and hysteria and enthusiasm for OEX stock
GLA
A quick 15 million just traded. Someone's keen!
Anyhow here we are in OZ and no trades as yet in Oilex after the first 2 hours of trading. zzzzzzz. Still waiting on news
As you can see there was no breakdown in the chart pattern which suggests price of gas will continue upwards. Great for Oilex but not for my gas bill.. Just got an email from my gas supplier stating my charges are going up in February. Yay.
higherhttps://i.pinimg.com/originals/12/ca/02/12ca025ae03d60f2f78601dd37410c5f.png
Hi all,
in the natural gas chart "head and shoulders formation" it has broken out substantially to the upside which is what we want to see. A higher gas price for us investors in Oilex means more interest in the sector and higher profits out of the ground. In a head and shoulders pattern it could've broken to the downside but it didn't. Gas is on the rise as it should be given the thirst for it in India and as an alternative to other fossil fuels' carbon production etc....
N.B I'm not a chartist but I remember following these patterns in the past.
:)
https://www.tradingview.com/chart/?symbol=CURRENCYCOM%3ANATURALGAS