Member Info for Yuri1

Hense the “(still might do yet)”

Personally that would be my strategy. I’d scarify enough money so oilex was able to fund raise with the hope I’d get my money back and potentially with a profit. It’s a gamble buying into cambay anyway so might as well go all in and free up oilex so Joe can show us what he’s really made of.

It’s a strategy to boost our SP I reckon. They could of pumped even more (still might do yet).

Let’s say they bought £/$1m of oilex shares and it pushes us up massively. We would be able to do a decent fund raise from it to generate cash.

That way we can pay towards drilling and if successful not only will they get their money back through SP rise, they will also be in profit.

Money makes money but of course there’s the risk of a failed drill, but there’s risk is pretty much every investment.

TH investments are looking to be the favourites on buying Cambay. It makes perfect sense and smart business to buy oilex shares now before the rerate coming and for future growth with building cambay and oilex’s strength.

You never know if Cambay is a success they could be our permanent partners for other projects.

Hopefully by that time, Brad has cracked open cooper and our shares in armour have more than doubled. Roll on 2021 and 2022....

I think one thing we can all agree on is no matter what the RNS says, you won’t be happy lol.

Yeah, who pays 70p for shares? Someone is definitely playing silly buggers...

Ok let me reword it again...

This is nice.

Obviously not as exciting as that.

Ok let me reword what I meant....

This is the first decent ‘upward trend’ excluding single day spikes, that we’ve had in around 2 years...

Probably the most excitement building up in oilex for 2 years!

Had the same problem yesterday. Shares are either tight or an order is going through...

I hope it’s a large order...

Found a pulse. It’s weak but it’s there...

I need a seller, struggling to do my last top up

Another thing I don’t understand is, there’s a rns now on ASX about RIM selling off 119m shares which finished on 1st June. There should be plenty of shares to buy and yet I can’t even get a quote for £500...

for president. He will see $$$ in cambay.

Glad you’re ok Gordon. I’m doing good Thankyou.

So if the June quarter is over, there’s been another failure to keep in time with objectives. There’s either going to be an update Monday or Joe meant the quarter starting in June...

Still... the GM dilution votes showed current prices so I think the clue is there that we won’t know till September?

Lol :D

They can adjust to the new conditions. I’m not saying that it’s all their fault.

Let me make it clear. I know that this situation is not their fault.

What the debate is, they way they are reacting to the current situation.

We’ve had to take a bite of the sh.it sandwich with current SP, it’s now their turn with cash burn.

I’ll say again, this isn’t about the situation (I know it’s not their fault). But they need to adapt and overcome to win this invisible war, which they are not doing and it’s starting to make waves.

To really knock this on the head. All Oilex employees need to reveal their personal ESSENTIAL outgoings and any income from other employment. Then their wages will be calculated to meet said outgoings with 20% (or lower) added to it.

If they don’t accept it they can leave with immediate effect if they wish.

However if they choose to stay and ride it out, they will be back paid with added CASHBONUSES once Oilex becomes cash positive so technically they haven’t lost money.

The risk is that Oilex doesn’t turn cash positive. This will discover who has passion for Oilex and has fire in their belly for the companies survival and success. Sacrifice has to be made but the result could be very rewarding.

It would help the board if joe makes it clear that it’s not their fault?

We are driving through fog at the minute.

He needs to explain the situation fully and if his hands are tied, he needs to say this otherwise he’s going to keep being shot at.

Plot twist, GSPC uses cambay sale money to buy out oilex.

We need a board that knows how to survive off a much lower wage packet. Anyway ranting over.

On another note...

I’m slightly concerned about Gordon’s welfare as he’s been quite quiet....