GREY:ROAOF - Post by User
Post by
coffinraideron Jan 07, 2009 10:06am
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Post# 15688026
The next real news
The next real news
Will come at the end of this month. The recent bailout of RBS by the European Central Bank dictates loud and clear, No Bankruptcy for ONSL/OIL.T.
I've lost count as to how many times I've said this " Bankruptcy is not in the works"
By way of the ECB bailout of RBS, support for an Oilexco Bridge Loan, a time extension is all but a given. A forced liquidation of ONSL/Oilexco assets would be detrimental to the financial health and survivability of RBS in turn giving the ECB a black eye for having provided recent support for RBS and is not in the cards.
Announcing an imminent administration seems a viable route to go and is a deception they can get away with. It's all part of the game to create fear, doubt and uncertainty to drive the sp down so that those in the know can accummulate at these dirt cheap prices. They know damn well the Bridge Loan will be extended substantually at the end of January. Shelley will go into production as planned and the sp will very likely rise dramatically.
Will a buy-out come in the next month? Not Likely. Not in this market. Not yet. Increased production may bring this level of interest later in 2009.
Delisting? forget it. This will be resolved and will no longer be an issue after 3-4 months.
I will as i have been for weeks, repeat all of this again and again. Just watch and see.