GREY:ROAOF - Post by User
Comment by
coffinraideron Jan 07, 2009 11:40am
513 Views
Post# 15688402
RE: The next real news
RE: The next real news"Will come at the end of this month. The recent bailout of RBS by theEuropean Central Bank dictates loud and clear, -No Bankruptcy forONSL/OIL.T."
(The next real news, not today's news which was already a given.)
"I've lost count as to how many times I've said this " Bankruptcy is not in the works"
Byway of the ECB bailout of RBS, support for an Oilexco Bridge Loan,a time extension is all but a given. A forced liquidation ofONSL/Oilexco assets would be detrimental to the financial health andsurvivability of RBS in turn giving the ECB a black eye for havingprovided recent support for RBS and is not in the cards.
Announcingan imminent administration seems a viable route to go and is adeception they can get away with. It's all part of the game to createfear, doubt and uncertainty to drive the sp down so that those in theknow can accumulate at these dirt cheap prices. They know damn wellthe Bridge Loan will be extended substantially at the end of January.Shelley will go into production as planned and the sp will very likelyrise dramatically.
Will a buy-out come in the next month? NotLikely. Not in this market. Not yet. Increased production may bringthis level of interest later in 2009.
De-listing? 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."