onewayticket
23 Feb 2017
Re: GPX - Dont Need Cash Soon I've re-read the same RNS from only a few days ago and can see that a certain previous post contains glaringly misleading information. Here is the full paragraph. "The proceeds will be used for general and administrative expenses of the Group and for working capital purposes and, based on current forecasts, if fully drawn down, are anticipated to fund the Company through to the first half of 2018. It is the intention of the Board to seek equity financing for the Group in due course. If an equity raise takes place the Lenders will be entitled to be pre-paid on the terms noted above, provided the Lenders agree that the full amount to be pre-paid is subscribed for equity in such equity raise." "If fully drawn down, are anticipated to fund the Company through to the first half of 2018".See that little Ignore button. Gone from view. Own due diligence.
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON My opinion is : if you're not invested , give it a wide berth!
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON One way ticket So you are advising people to buy this company even though, it has no cash, no production, no revenues? It has made a massive loss every year for the past 4 years! It has no planned drills! Its main asset is in a middle of a war zone! It has just mortgaged the entire company for £4 million and has legal dispute me pending! Have I forgot anything ? Are there other skeletons I have forgotten about? Wow this is amazing!!!
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON One way ticket Please inform us how they plan to repay the new debt ? Other than a share placing !!!!!Also explain how they plan to do anything with Morocco other than a share placing ???No need to mention funding for Syria ! As they won't need to fund that as it is currently an occupied war zone ! This has got to be one of the worst oilies in London . Look at JOG or AMINEX Or hurricane as an alternative to this sheet bag!
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON One way ticket You have obviously not followed your own advice and done any due diligence!!!What part of this sentence did you not understand? "It is the intention of the Board to seek equity financing for the Group"Placing coming soon! According to the new management ! Watch this space !
onewayticket
23 Feb 2017
Fortunately People can read things for themselves and make their own minds up.No ramp but I'll be interested myself as an investor just to see what the new MD's thoughts are and how he comes across.Own due diligence.
onewayticket
23 Feb 2017
GPX - Dont Need Cash Soon I've re-read the same RNS from only a few days ago and can see that a certain previous post contains glaringly misleading information. Here is the full paragraph. "The proceeds will be used for general and administrative expenses of the Group and for working capital purposes and, based on current forecasts, if fully drawn down, are anticipated to fund the Company through to the first half of 2018. It is the intention of the Board to seek equity financing for the Group in due course. If an equity raise takes place the Lenders will be entitled to be pre-paid on the terms noted above, provided the Lenders agree that the full amount to be pre-paid is subscribed for equity in such equity raise.""If fully drawn down, are anticipated to fund the Company through to the first half of 2018". Own due diligence.
onewayticket
23 Feb 2017
Re: RNS: GPX NEED CASH SOON I've re-read the same RNS from only a few days ago and can see that a certain previous post contains glaringly misleading information. Here is the full paragraph."The proceeds will be used for general and administrative expenses of the Group and for working capital purposes and, based on current forecasts, if fully drawn down, are anticipated to fund the Company through to the first half of 2018. It is the intention of the Board to seek equity financing for the Group in due course. If an equity raise takes place the Lenders will be entitled to be pre-paid on the terms noted above, provided the Lenders agree that the full amount to be pre-paid is subscribed for equity in such equity raise.""If fully drawn down, are anticipated to fund the Company through to the first half of 2018".Fortunately there is an Ignore button. (which some seem to have done today).Own due diligence.
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON I wouldn't want to be invested here over the weekend! Yikes!!!!
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON What do current holders think the placing will take place at ? 6 p or lower ?
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON "It is the intention of the Board to seek equity financing for the Group in due course. If an equity raise takes place the Lenders will be entitled to be pre-paid on the terms noted above, provided the Lenders agree that the full amount to be pre-paid is subscribed for equity in such equity raise."
oilinvestor85
23 Feb 2017
RNS: GPX NEED CASH SOON Just reading the recent RNS:
oilinvestor85
23 Feb 2017
Re: Key Shareholders One way ticket Is this the list of the guys that the management team mortgaged our company with for £4 million ? Own due diligence
oilinvestor85
23 Feb 2017
Re: Key Shareholders I guess you don't realise that these sophisticated investors are reducing their stakes? Please go and read some RNSs of the company you claim to be invested in. It's better to research and have knowledge than to blindly ramp! The smart guys backed the company at 4p and are selling at 12p. Not taking positions now lol! Unless its debt for equity which is basically what happened last week when the directors "mortgaged the entire share capital of the company for £4 million". This is a fact in the RNS. Go and read it !!!!No one can deny that there are vast resources in Syria. But there's also one of the biggest threats (extremism) in the area. The war in Syria has lasted longer than world war 2! There's no proof (other than You telling us) that it will get any better any time soon. It could be another 10 or even 15 years before things become workable in Syria again. Why would someone want to have money locked in here when you can buy any of these shares (TLW, CNE, PMO,FPM, SDX, CHAR, BLVN, GENL, SIA, AMER, RRL, AEX, HUR and even GKP (at least they are actually operating)) and make money rather than see your hard earned disappear in a war zone? It makes no sense!!! Are you so underwater here that you want to see people lose money so that you can sell at breakeven? BTW writing "own due diligence" at the end of each post doesn't make your abhorrent ramping any more pleasant ! It makes it even more annoying!
oilinvestor85
23 Feb 2017
Re: Malcys Blog Comment. The bit I like is the "begging bowl" comment ! lol everyone knows the company is strapped for cash and will issue another 500 million shares soon to conver the lecky bill!
