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VCB, please ignore the other noises. There're some others including me supporting, your foresight & believing in you & appreciate your postings. I've bought some at quite low sp., much more couple days ago at 3.35, then below 2.9. Unfortunately has here and elsewhere people only look for quick short term gains. I go with your foresight at the much bigger picture & multi bags regardless buying at 3,4 or 5p
#ALGW new target 4.75p while it remains above 2.5p.
https://twitter.com/Share_Talk/status/1039431353543127040
@Share_Talk Bulletin Board Heroes 11th Sep 2018 @ZaksTradersCafe highlights
IMHO wouldn't recommend to set stop loss on this share as it's not mature as yet like other main market shares & may behave atm like AIM shares even this is in LSE Main mkt. Be beware one may ends up getting much below than their stop losses set.
Topped some this morning above 3p and didn't think I can get more at below 2.9p (just done).
Noticed the trading pattern here - down mid morning & up pm afternoon US market open. Watch for this afternoon after US market opens.
on LSE Main Market & also only launched Dec. 2017. It's just beginning......
IMHO, this has the making of a multi billion co. when more contracts land. As Chairman61 correctly said it doesn't matter to buy at 3p, 4p, 5p or so on....dyor
COO, Mr. D. Swick served as CEO for Life Distributors of America, LLC (LDA), a life settlement firm specialising in the distribution of longevity risk insurance products to institutional investment portfolios. While at LDA, Mr. Swick was responsible for the closing of over $4 billion in life settlements.
Just a matter of interest. I read last week someone posted that the port at Pointe Indienne, Congo is the one to be developed, not the one at Pointe Noire (within the SEZ). Pointe Indienne is more a leisure part of Congo whereas Pointe Noire more for industrial & commence. Even if it's true only port at Pointe Indienne is the one to be developed, which is only some miles north of ZIOP, shipments from ZIOP could easily get there to be shipped - so don't quite understand why some people challenging it. Perhaps someone can enlighten me on this.
But a simple research on google & looking at both Pointe it's common sense that Pointe Noire is vital & needed for Congo's trades & shipments.
http://zes.gouv.cg/en/special-economic-zones/economics-zones/pointe-noire
https://www.easyvoyage.co.uk/congo/pointe-noire-and-pointe-indienne-741
Can they still afford to pay divi since the gold price going lower. Unless they ramp up production.
Gold prices have been going down since months ago. Will it affect the sp here?
From 17 Oct.2016 RNS: "<br />Oilex Ltd (the Company) is pleased to announce it has executed an agreement with its Joint Venture partner, Gujarat State Petroleum Corporation Limited (GSPC) in the Cambay Field Production Sharing Contract (PSC) on the next planned vertical well in the Cambay Field (Well C-78). The signing of the agreement is a key milestone towards the proposed drilling of Well C-78, unlocking value and possibly securing an extension to the Cambay Field PSC term.<br /><br />In addition to testing the shallower OS-II zone, the well is designed to obtain core samples for the EP-IV zone reservoir which are needed for future drilling, completions and stimulation optimisation. The Company has an independently verified multi-TCF resource in the EP-III/IV reservoirs at Cambay.<br /><br /> <br /><br />As a result of the agreement, GSPC and Oilex have agreed that Oilex will drill, test, complete, commission and, subject to successful operations, commence commercial production from the proposed Well C-78. Oilex will be solely liable for all expenditure associated with Well C-78, and, subject to GSPC exercising its back in right, Oilex will be entitled to sell 100% of production and receive 100% of revenue from Well C-78."<br /><br />- If GSPC had given Oilex 100% control on 1 well perhaps they might agree on 100% on rest of the Cambay.