Oilex Ld Share Discussion Threads

[cool hand kev] 14/7/2020 11:18

Oh Hello :-) I thought something exciting was happening.
Oh it is someone's talking with me.

[cool hand kev] 08/7/2020 16:59

Don't worry I'll talk to myself :-(
Someone still has confidence in OEX buying £12k worth at mid day I imagine it to be the same buyer because the trades are close together splitting their trade as not to pay a premium, This coupled with a Recent 10,000,000 buy boostS my faith. BWTFDIK

[cool hand kev] 07/7/2020 11:26

I know it's frustrating but we have no option but to wait or sell at a loss
Therefore I'm waiting :-)

[cool hand kev] 06/7/2020 18:22

Sell up then

[geoffmanana] 30/6/2020 11:06

My finger stutters.
Some nice movement at last.

[cool hand kev] 30/6/2020 10:48

So Good that you had to say it twice Geoff?
Is this the news that the 10 million buyer was waiting for ?
Because I don't think so ;-)

[geoffmanana] 29/6/2020 14:06

Yes, me too Kev.

[geoffmanana] 29/6/2020 14:06

Yes, me too Kev.

[cool hand kev] 29/6/2020 12:32

10 Million Buy who was prepared to pay a premium :-)
I wondered why the price was holding up so well with all the sells

[cool hand kev] 24/6/2020 15:59

Funding to be confirmed, which should hopefully keep them ticking over until we hear the GSPC Cambay News :-)

Pursuant to the Addendum, references to Republic in Resolution 7 of the Notice of General Meeting are replaced with 'Republic, Novum Securities and TH Investments Pte Ltd'. The amendment follows on from the Company's announcement of 27 April 2020 where it advised that it had arranged a GBP250,000 equity capital raising with Republic, of which GBP200,000 was to be issued under the Company's existing ASX Listing Rule 7.1 capacity.

Of the initial issue of GBP200,000, Republic subsequently acted as principal for GBP80,000, with the remaining issue being to Novum Securities for GBP20,000 and TH Investments Pte Ltd for GBP100,000.

A Proxy Form, which remains unchanged, also accompanies the Addendum and will be provided to all shareholders.

Shareholders are advised that:
-- If you have already voted and wish now to vote on Resolution 7 or otherwise change your proxy vote, please
complete and return the Proxy Form accompanying the Addendum.

-- If you have already voted and still do not wish to vote on Resolution 7 or otherwise change your proxy vote, you
do not need to take any action. The Proxy Form you previously submitted remains valid.

-- If you have not returned a Proxy Form, please complete and return the Proxy Form accompanying the Addendum.

Proxy Forms must be returned to the Company no later than 10:00am (WST) on Sunday 28 June 2020. Proxy Forms received later than this time will be invalid.

[cool hand kev] 17/6/2020 11:39

India Looks To Double Oil Refining Capacity By 2030

vhxxps://oilprice.com/Energy/Crude-Oil/India-Looks-To-Double-Oil-Refining-Capacity-By-2030.html

copied from OEX board on LSE

[cool hand kev] 15/6/2020 12:17

Perhaps it's too complex for Joe Public to comprehend ?
But I'm still waiting for a re-rating
Is there a final date by which GSPC need to compensate OEX?

[josephrobert] 15/6/2020 11:54

Today's 2nd RNS offically states TH Investments for the first time and also explains £100,000/£0.09 of the 119m. Following on from my previous BB posts it cannot be clearer at this point that TH Investments is buying GSPC's slice. Considering that the historic valuation of Cambay was way in excess of the OEX MCap it made sense for the new partner to buy OEX shares, but considering the average volumes, doesn't make sense to buy in the market. The market has anticipated the result of the first RNS, but not the second, surely the share price is wrong.

[pennstreet] 13/6/2020 11:32

I am indeed

[cool hand kev] 13/6/2020 10:53

Penn R U still here?

[pennstreet] 12/6/2020 16:08

Buys coming in now kev

[cool hand kev] 12/6/2020 12:19

I was anticipating a bit more buying today before Mondays Deadline date,
unless of course they push it back again :-(

[cool hand kev] 07/6/2020 23:40

Because it wasn't done through the exchange

[josephrobert] 07/6/2020 21:50

So Republic reported a holding of:

423m 7th January
523m 22nd May
404m 3rd June

...and the price goes up from the 1st which is when the large sale was made?

The selling volume as reported on the exchange doesn't show anything like 119m - or even the days beforehand.

My best guess is that Republic sold to TH Investments or whoever the buyer is or a connected party as there doesn't seem any point selling at these levels to anybody else. Don't know why the 119m trade isn't visible on the exchange.