Member Info for Y-Alam

Article also states possible hostile takeover by Eland.

Mm's know they need to collect shares now before MOU news. Hold on to your shares, patience is key now

Thought lse made mistake with price however my broker closing price same?? Any thoughts?

Stu what can I say I am a fine catch in the third world.

Ha, I remember sock shop, remember there was a tie shop as well, at the time I thought they cant last, and I was right

Woodie, went down for £300k 2003 had to sell my house, move into rented, wifey was ****ed

I started with a Canadian company and was then offered the Edward Jones broker job that set you up self employed, which I turned down and went to Bangladesh. Oilex is a good prospect and one of few solid companies on the indian exchange, however lost a lot of money on Indian and Bangladesh companies in late 2000's as most sham companies so tend to avoid. Dabbled in quite a few risky exchanges in past such as otx. So know about risk and have taken huge risks in past. Once I emptied all banks accounts for a punt on quadrise which paid off. However wife found out and had to sell up just before the big rise to 50 p at the time and sold at 27p. Still made money though. I have taken cash on credit cards before to take a punt only for edge resources to go bust. I have done some stupid things in past, surprised wifey not left me. However learning a lot.

I actually traded on UK markets from Bangladesh in the 1990s. Wasnt easy, back then no internet and difficult comms situation in Bangladesh, I had left UK for a couple of years but had got into trading as worked for a investment bank back then. I traded long term, checking prices over the phone with my broker twice a day.

Buys slowly coming in.

The investment case for lek just improves, only matter of time for final mou sign off, I expect big buys to come in over next few trading sessions

Thanks Woodie, Peep, long story, lots of ups and downs, however all paying off now.

Same here

Woodie started trading from a telephone shop in Bangladesh myself in 1990

Agreed Stu, what people fail to realise is that Lek are putting together the building blocks to finalise the partnership

Lek continues to post positive rns, however naysayers continue to doubt. Time will reward the patient. Mm's continue with wide spread which discourages any buying.

Woodie Hope we have a good week , atb

Woodie, perfect analysis, like all investment in oil, if you invest too earlier you suffer, investment is about timing, this is the year to be invested in Lek. We are at a transformational turning point, we have partners who believe, dilution was a worry for many, now its debt??? This is a revenue earning company who have chosen to take on debt and use revenues to pay debt rather than asking shareholders to dig deep. I am comfortable with my investment. Looking for 7p this week

This explains the large spread, mm's discouraged buying, now we know why. Fully derisked, no dilution, expect a rise next week

Funding sorted, extension sorted, all this needed to sort final piece Mou to be finalised. Transformational sums it up for. Should pave the way for a nice Christmas for all the patient on this board. GLA and a great weekend.

Totally agree, being held back, once it breaks 6p resistance no going back.