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upupaway Member	13-Aug-2020 21:43        upupaway About Contact  Quote this Post!
x 0   x 1  Alert Admin	win some lose some. Cheer up :) guards80      ( Date: 13-Aug-2020 21:32) Posted: This week no luck buy sed loss. Buy sri trang 1.24 gone down. Maybe try next week in rex upupaway      ( Date: 13-Aug-2020 21:31) Posted: guards should join in then. Was fun during the last ride up with you. Blink Blink was memorable :
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Justice888 Supreme	13-Aug-2020 21:41        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The key word in the report - $80000 operating cost per day which is $10 per barrel. Uob estimate production cost to be $20 per barrel . If production cost is lower . Maybe uob may come up with higher target price papayaface      ( Date: 13-Aug-2020 21:23) Posted: Agreed, the worse is over as oil is flowing and sold. Last year' s quarter results also not comparable as it was helped by one-off sale of investment.  So it is time to start buying for the next quarter results. God knows, it may even surge tomorrow. Let' s see what UOB-KH will recommend in their coming report. Good luck Richie81      ( Date: 13-Aug-2020 21:13) Posted: To be fair, this is a very transparent and good set of results! Share prices are very forward looking and we have to read deeper into the numbers. There is new and continuous revenue with oil production. Company has no debts. At current oil prices, Rex is going to book profits every month that can easily cover 1H losses in 3 months. Compared to 2019, no revenue, book profits from selling some assets......Rex is now running a truly profitable business! Just look at tesla.....lose money share price go up.......book 1st dollar of revenue then share price chiong like mad! Vested for the long term! Looking good!
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guards80 Supreme	13-Aug-2020 21:32        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This week no luck buy sed loss. Buy sri trang 1.24 gone down. Maybe try next week in rex upupaway      ( Date: 13-Aug-2020 21:31) Posted: guards should join in then. Was fun during the last ride up with you. Blink Blink was memorable :) guards80      ( Date: 13-Aug-2020 21:29) Posted: Next result should be profit good goo
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upupaway Member	13-Aug-2020 21:31        upupaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	guards should join in then. Was fun during the last ride up with you. Blink Blink was memorable :) guards80      ( Date: 13-Aug-2020 21:29) Posted: Next result should be profit good good Justice888      ( Date: 13-Aug-2020 21:16) Posted: Ya la . But then very difficult to fight the doomsayer in this thread. Nowadays I also don?t want to talk much . Very tired . Don?t want to waste time
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Justice888 Supreme	13-Aug-2020 21:30        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	We all know co will make money . But know can liao . Lol. No need to come this thread to write or argue . Tired guards80      ( Date: 13-Aug-2020 21:29) Posted: Next result should be profit good good Justice888      ( Date: 13-Aug-2020 21:16) Posted: Ya la . But then very difficult to fight the doomsayer in this thread. Nowadays I also don?t want to talk much . Very tired . Don?t want to waste time
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guards80 Supreme	13-Aug-2020 21:29        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next result should be profit good good Justice888      ( Date: 13-Aug-2020 21:16) Posted: Ya la . But then very difficult to fight the doomsayer in this thread. Nowadays I also don?t want to talk much . Very tired . Don?t want to waste time Richie81      ( Date: 13-Aug-2020 21:13) Posted: To be fair, this is a very transparent and good set of results! Share prices are very forward looking and we have to read deeper into the numbers. There is new and continuous revenue with oil production. Company has no debts. At current oil prices, Rex is going to book profits every month that can easily cover 1H losses in 3 months. Compared to 2019, no revenue, book profits from selling some assets......Rex is now running a truly profitable business! Just look at tesla.....lose money share price go up.......book 1st dollar of revenue then share price chiong like mad! Vested for the long term! Looking good!
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upupaway Member	13-Aug-2020 21:27        upupaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Second this. Fair comment Richie81      ( Date: 13-Aug-2020 21:13) Posted: To be fair, this is a very transparent and good set of results! Share prices are very forward looking and we have to read deeper into the numbers. There is new and continuous revenue with oil production. Company has no debts. At current oil prices, Rex is going to book profits every month that can easily cover 1H losses in 3 months. Compared to 2019, no revenue, book profits from selling some assets......Rex is now running a truly profitable business! Just look at tesla.....lose money share price go up.......book 1st dollar of revenue then share price chiong like mad! Vested for the long term! Looking good!
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Justice888 Supreme	13-Aug-2020 21:27        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is every day got money ... 8000 barrels a day. Assume oil price $45. Gross income is $360k usd a day... powermikeln      ( Date: 13-Aug-2020 21:24) Posted: no one wants to invest into a company that does not make money (profit-generating) from its core business la. Now REX is start to generate continous revenue from its core business every month - SO GOOD! Why worry about the those losses? Most of those losses are required investment & expense to make the drilling / oil production happening, and many of the loss should be easily covered by future production revenue.   powermikeln      ( Date: 13-Aug-2020 21:15) Posted: Totally agree - that is what i was trying to put across :)
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powermikeln Veteran	13-Aug-2020 21:24        powermikeln About Contact  Quote this Post!
x 0   x 0  Alert Admin	no one wants to invest into a company that does not make money (profit-generating) from its core business la. Now REX is start to generate continous revenue from its core business every month - SO GOOD! Why worry about the those losses? Most of those losses are required investment & expense to make the drilling / oil production happening, and many of the loss should be easily covered by future production revenue.   powermikeln      ( Date: 13-Aug-2020 21:15) Posted: Totally agree - that is what i was trying to put across :)
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papayaface Supreme	13-Aug-2020 21:23        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Agreed, the worse is over as oil is flowing and sold. Last year' s quarter results also not comparable as it was helped by one-off sale of investment.  So it is time to start buying for the next quarter results. God knows, it may even surge tomorrow. Let' s see what UOB-KH will recommend in their coming report. Good luck Richie81      ( Date: 13-Aug-2020 21:13) Posted: To be fair, this is a very transparent and good set of results! Share prices are very forward looking and we have to read deeper into the numbers. There is new and continuous revenue with oil production. Company has no debts. At current oil prices, Rex is going to book profits every month that can easily cover 1H losses in 3 months. Compared to 2019, no revenue, book profits from selling some assets......Rex is now running a truly profitable business! Just look at tesla.....lose money share price go up.......book 1st dollar of revenue then share price chiong like mad! Vested for the long term! Looking good!
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Justice888 Supreme	13-Aug-2020 21:17        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I just want to say doomsayer are correct . I am wrong . I am defeated . Lol. Bec tired la. Not free to spend hours and hours arguing here . Let them win la. I lose nvm. No big deal . Justice888      ( Date: 13-Aug-2020 21:16) Posted: Ya la . But then very difficult to fight the doomsayer in this thread. Nowadays I also don?t want to talk much . Very tired . Don?t want to waste time Richie81      ( Date: 13-Aug-2020 21:13) Posted: To be fair, this is a very transparent and good set of results! Share prices are very forward looking and we have to read deeper into the numbers. There is new and continuous revenue with oil production. Company has no debts. At current oil prices, Rex is going to book profits every month that can easily cover 1H losses in 3 months. Compared to 2019, no revenue, book profits from selling some assets......Rex is now running a truly profitable business! Just look at tesla.....lose money share price go up.......book 1st dollar of revenue then share price chiong like mad! Vested for the long term! Looking good!
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Justice888 Supreme	13-Aug-2020 21:16        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya la . But then very difficult to fight the doomsayer in this thread. Nowadays I also don?t want to talk much . Very tired . Don?t want to waste time Richie81      ( Date: 13-Aug-2020 21:13) Posted: To be fair, this is a very transparent and good set of results! Share prices are very forward looking and we have to read deeper into the numbers. There is new and continuous revenue with oil production. Company has no debts. At current oil prices, Rex is going to book profits every month that can easily cover 1H losses in 3 months. Compared to 2019, no revenue, book profits from selling some assets......Rex is now running a truly profitable business! Just look at tesla.....lose money share price go up.......book 1st dollar of revenue then share price chiong like mad! Vested for the long term! Looking good!
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powermikeln Veteran	13-Aug-2020 21:15        powermikeln About Contact  Quote this Post!
x 0   x 0  Alert Admin	Totally agree - that is what i was trying to put across :)
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Richie81 Member	13-Aug-2020 21:13        Richie81 About Contact  Quote this Post!
x 0   x 0  Alert Admin	To be fair, this is a very transparent and good set of results! Share prices are very forward looking and we have to read deeper into the numbers. There is new and continuous revenue with oil production. Company has no debts. At current oil prices, Rex is going to book profits every month that can easily cover 1H losses in 3 months. Compared to 2019, no revenue, book profits from selling some assets......Rex is now running a truly profitable business! Just look at tesla.....lose money share price go up.......book 1st dollar of revenue then share price chiong like mad! Vested for the long term! Looking good!
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Shifu8888 Supreme	13-Aug-2020 21:08        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh yeah. You made a Super valid point here. Can write to sgx to complain. It is clear the management is trying to off load own shares before the bad news. Insiders might be short selling today. ssw518      ( Date: 13-Aug-2020 21:05) Posted: btw why no profit warning har, management ba bo doh?
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ssw518 Supreme	13-Aug-2020 21:05        ssw518 About Contact  Quote this Post!
x 0   x 0  Alert Admin	btw why no profit warning har, management ba bo doh?
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98mich98 Master	13-Aug-2020 21:03        98mich98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	2nd half shb improve when set up cost are already factor in 1H. If price good can pick some😀
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ssw518 Supreme	13-Aug-2020 21:01        ssw518 About Contact  Quote this Post!
x 0   x 0  Alert Admin	pass few trading, good day bad day, push up and always ended 181 / 182, more or less we can guess it.
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powermikeln Veteran	13-Aug-2020 20:58        powermikeln About Contact  Quote this Post!
x 0   x 0  Alert Admin	14 million revenue vs. 0 revenue  23 million loss vs  25 million profit --> but  30-Jun-19 got one other income of 30 mllion,  at least got revenue comparing to a company that does not make any revenue :)
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guards80 Supreme	13-Aug-2020 20:56        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No. Long time never buy this already upupaway      ( Date: 13-Aug-2020 20:54) Posted: guards still long on this? any advise? guards80      ( Date: 13-Aug-2020 20:50) Posted: Loss so much
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