OEX 20.0% 0.6¢ oilex ltd

Ann next week, page-19

  1. 893 Posts.
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    Nice post Chill, pretty well agree entirely. The chance of a CR now should be close to nil, if it comes out prior to production
    test results I will be flabbergasted. We will still have $4 million by the end of Sep PLUS the 700k that has recently been received
    from the exercise of options. Rule a CR out on ALL logical thinking {logical on OUR part that is}.

    SP Stabilised or up a fraction from last nights 10% drop. It would have nothing to do with the conversion of those oppies,
    0.20% dilution. It is entirely due to those insuring against a bad result next week and taking profit. I did the same over the last
    month or so but still hold a small amount of heads and a decent chunk of oppies. I will wait for the final result, the last ann
    imo de-risked further the possibIlity of a good outcome. Nothing is guaranteed of course but I like the odds from here on in.

    GLTAH
 
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