Based on their last announcement on Trinidad dated 11 Apr. They expect to get 500 barrel/day of production at onshore well by Q4 2014. Anyone from this forum can estimate the net profit it will generate?
And during the exploration well on Oman, they get 3000 barrel/day at shallow water well. Possible to estimation the net profit?
hello, steve...hope it can go all the way up to 1.00...another share you can check out...cnmc goldmine, starting to move as well(production start end of last year)
Always so impressive and promising but what shareholders want is profit/high growth-still in the red no profit to show but contimnue to place out more shares-dilution mah
Just found this write out:
Rex Int' l
Rex Int' l: ($0.615) Twin equity boost from prominent investors Alan Wang and Fidelity Shares of Rex International may get a boost after SGX filings showed that prominent investors Alan Wang and Fidelity Worldwide Investment (FIL) were the cornerstone investors in a recent share placement, leading them to become new substantial shareholders. Recall, Rex recently completed the placement of 168m new shares at $0.57 each. The net proceeds of $93.5m will be used to settle liabilities and working capital of Rex Technology Management (20%), for field development (60%) and to pursue existing and potential new business opportunities (20%). FIL picked up 70m placement shares, lifting its stake from 0.17% to 5.7%. Wang&rsquo s stake vaulted to 5.1% from 1.1%, after he took up 52m shares. Accordingly, parent Rex Commercial&rsquo s stake dropped to 44.1% from 50.9%, following the corporate action. The entry of two respected fund managers as substantial shareholders may lift sentiment in Rex&rsquo s shares. In particular Wang&rsquo s share transactions may be closely followed by some admirers. Wang is noted for his string of high-profile investments in stocks like HanKore, Memstar, Sarin, Sino Grandness, Asiatravel.com and UE E& C, all of which recorded significant share price outperformance subsequent his purchases. Rex trades at 2.5x proforma P/B. POSTED BY ALAN LUO AT 3:53 PM
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
In
3 posts
Posted by In > 2014-04-24 21:04 | Report Abuse
Other forum say no good, if good not require so many announcement.
Still can buy, please advice.