Rex Intl    Last:0.071    -0.001

The next chapter

basket case
 

kt3152      ( Date: 27-Mar-2026 16:54) Posted: Oil chiong up but price still drop.....

 

Oil chiong up but price still drop.....

 

Friday today
Who knows what happen over weekend

TraderBen      ( Date: 27-Mar-2026 15:37) Posted: Lucky managed to get out Chansenghoe1971      ( Date: 27-Mar-2026 14:35) Posted: I out.

 

Lucky managed to get out

Chansenghoe1971      ( Date: 27-Mar-2026 14:35) Posted: I out.

 

Lime Petroleum Holding AS, an indirect 89.74 per cent subsidiary of Rex International Holding, has completed the hook-up of the Mobile Offshore Production Unit and Floating Storage and Offloading unit on the Sèmè Field in Benin. The FSO Kristina has been anchored, a flow-line installed from the Stella Energy 1 MOPU, and commissioning is underway with oil now flowing into the storage unit. In the coming days, additional testing and commissioning work will focus on optimising production rates and moving into regular output from the field. The operational progress at Sèmè Field, operated by Akrake Petroleum Benin S.A., marks a key step toward sustained production that could enhance Rex?s production base and strengthen its presence in West African offshore oil development. Rex must not let future cash cow to fail

 

stay out.  see announcement over the weekend, and still have next Monday to short if no funding plan comes out.
Recently the private placements raised $5.73 million...  look like this monies were not meant for the interest payments.

 

 

I out.

 

If problem is solved,shorties ll panic

 

SGX has to deal with the Compliance Report where instances were cited on possible violations of:

SGX listing rules
Co Act
SFA 

Or no actions taken against:  Spackman Entertainment, Midas, Noble(minimal)...EHT...

 

the wisest trader I've seen in years here...

TraderBen      ( Date: 27-Mar-2026 11:03) Posted: all due to poor management.. high salary for directors for years without any real work done.. sometimes hard to detect until probs appear.. now still can exit faster run.. better than get nothing back and the directors still laughing to themselves MrBear12      ( Date: 27-Mar-2026 10:45) Posted: you will see more such cases soon... Rex is not sustainable as an ongoing company ... it needs a bail out .. and another bail out ... how many such bailouts can investors offer??

 

all due to poor management.. high salary for directors for years without any real work done.. sometimes hard to detect until probs appear.. now still can exit faster run.. better than get nothing back and the directors still laughing to themselves

MrBear12      ( Date: 27-Mar-2026 10:45) Posted: you will see more such cases soon... Rex is not sustainable as an ongoing company ... it needs a bail out .. and another bail out ... how many such bailouts can investors offer?? kt3152      ( Date: 27-Mar-2026 10:41) Posted: So far I have not seen an oil producing stock in SGX. KrisEnergy, Alpha energy and rampant all making losses and close shop....Rex was OK initially but now in bad shape...

 

Not impossible

Ryuuenji      ( Date: 27-Mar-2026 10:13) Posted: 47?

 

you will see more such cases soon...

Rex is not sustainable as an ongoing company
...

it needs a bail out ..

and another bail out

...

how many such bailouts can investors offer??

kt3152      ( Date: 27-Mar-2026 10:41) Posted: So far I have not seen an oil producing stock in SGX. KrisEnergy, Alpha energy and rampant all making losses and close shop....Rex was OK initially but now in bad shape... TraderBen      ( Date: 27-Mar-2026 10:09) Posted: sometimes.. cannot be stubborn.. like me that time when kris energy was full of bad news and i still continue to hold.. 3 cents i can dispose and get back 12k still dont want.. end up sai also dont have.

 

So far I have not seen an oil producing stock in SGX. KrisEnergy, Alpha energy and rampant all making losses and close shop....Rex was OK initially but now in bad shape...

TraderBen      ( Date: 27-Mar-2026 10:09) Posted: sometimes.. cannot be stubborn.. like me that time when kris energy was full of bad news and i still continue to hold.. 3 cents i can dispose and get back 12k still dont want.. end up sai also dont have.. s100125      ( Date: 27-Mar-2026 10:05) Posted: Think many will rush to exit by due date as bad news keep coming in one after another

 

Another krisenergy pattern doing multiple debt restructure to trap private investors and summary wind up and run road

 

The gist as follows:

The Company&rsquo s directors and management believe that the Company may play a part in the LPH' s

Debt Restructuring, and is engaging constructively with LPH and its stakeholders. In particular, the

Company considers that it may provide important contributions in terms of capital, operational

expertise, including in Benin, and stability of ownership. The Company has put forward a proposed

plan to the financial and legal advisors of LPH that is non-binding, and subject to regulatory approval

(where applicable) and other approvals as required, for the potential benefit of LPH.

Depending on the role that the Company may play in the Debt Restructuring, it represents a material

uncertainty that may cast significant doubt on the Group&rsquo s ability to continue as a going concern and

therefore, the Group may not be able to realise its assets and discharge its liabilities in the normal

course of business. However, the directors and management believe that a successful conclusion of

the Debt Restructuring will improve the financial position of LPH and enable it to continue operations

for the foreseeable future. Hence, the directors and management believe that the going concern

assumption adopted in the preparation of the accompanying financial statements remains

appropriate.

 

47?

 

This defensive mode is reminiscent of the dump to 8.
No buy up just sold down.
Seems downward trajectory.

 

sometimes.. cannot be stubborn.. like me that time when kris energy was full of bad news and i still continue to hold.. 3 cents i can dispose and get back 12k still dont want.. end up sai also dont have..

s100125      ( Date: 27-Mar-2026 10:05) Posted: Think many will rush to exit by due date as bad news keep coming in one after another. LoudShout      ( Date: 27-Mar-2026 10:01) Posted: Come 1st April 2026, the bondholders will call default if the co even after raising from private placements could not make the deferred payment of interest that was due in Jan 2026. Guess, the share will be suspended, till things got sorted out.. Unless, the SSH put their own monies, after making so much from this loss making monies since it was IPO in Singapore, to keep the co afloat.  Should know by this weekend.  If you dont have the fund to pay, you cannot pay.

 

During ucertainties shld play small2...If becomes dirt cheap then can buy big big..