Oilex Ld Share Discussion Threads

[jayrh] 17/1/2020 16:06

Its nowt to do with this bod its gspc who are in control of the sale

[ukdannyboy] 17/1/2020 15:54

Depends what the bid is really. I think the price will eventually match that quite closely. After all we have 45% vs GSPC 55%. You’d think if someone was willing to pay £x for theirs then ours would be worth similar/5-10% + we have other assets + x cash calls, maybe. Could be a £5000000 bid, could be a £50000000 bid, one keeps us the same the other is x10 and anything in between

[silversoldier] 17/1/2020 15:48

Btw - great to see some good volume going through the order book again :-)

[silversoldier] 17/1/2020 15:47

You beat me to the question! At 1p our mcap would be around the 32m mark, not sure we are quite there yet. Mind you in 2018 when this whole process started we spike to .6 on just the initiation of it so who really knows.

[smackeraim] 17/1/2020 15:37

lol go back to spamming boards with your rubbish costax

[block4gooner] 17/1/2020 15:31

So enlighten me guysWhat price are we forecasting ad a bid?.4 .5 or dare I say 1p+

[costax1654x] 17/1/2020 15:30

Few days ago,no one buying!That's the idea:buy cheap!

[noirua] 17/1/2020 15:21

As Silversoldier says, we are still headed in the right direction and everything is in the hands of GSPC. Sorry if I appeared negative and that is because of what has gone on before with the share price tanking.

[ukdannyboy] 17/1/2020 15:07

What do you mean nothing much has changed. At 1pm there was no certainty there had even been a bid let alone one GSPC would accept. Now we are in a position where we know not only have there been bids but one is going through a process of it being accepted. The only thing we don’t know is how much it is. I agree on that part but to say we are in the same potion is wrong. We are in a much better position of clarity than we were even a few hours ago.

[noirua] 17/1/2020 15:01

The news is reassuring though nothing much has really changed as yet - cross fingers. Share price should trade between 0.19p and 0.22p for the time being with a lot of stale bulls on board.

[silversoldier] 17/1/2020 14:48

A constructive update which the market needed to ensure that we are still headed in the right direction. It's important to note as I know a number of bulletin boards have complained about the lack of updates from oilex, this process is being managed by gspc not oilex, it's their asset (55%) and they will update oilex when they believe they have chosen a buyer that fits expectations, only then will oilex be brought into the discussion.Fingers crossed we can now start moving forward.

[smackeraim] 17/1/2020 14:33

Remember,this was formed on the days following bids closed.

It's the same address as these lot:


Who have $500m to build a portfolio of assets. Just speculation as to who is in the running.

[costax1654x] 17/1/2020 14:28

? orm hmm!5-6 mil cash + gold assets ,no Debts all for 3 mil mcap!!!?

[smackeraim] 17/1/2020 14:19

Bingo. See you at 0.5p for starters

[luckygit] 17/1/2020 14:19

Looking very bullish. Having said that Oilex seem to be unfortunate in the way it conducts it's business. Could be worth a punt at this price though.

[farnham] 17/1/2020 14:15

42%up so far

[bigboots] 17/1/2020 14:14

Couldn't post until today, but understand the bidder is OILEX, and they were the preferred bidder

Happy days finally !!! brings this saga to an end

[farnham] 17/1/2020 14:13

Timing as usual unusual

[aidenabettin] 17/1/2020 14:12

And yet another pump n dump.5yrs?.I meant 10yrs

[farnham] 17/1/2020 14:11

Excellent news And I added only a few mins before ?

[aidenabettin] 17/1/2020 14:07

Awaiting approval in India.No reason they cant have this all completed in the next 5 years.:)