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20.0%

0.6¢ oilex ltd

Ann: Quarterly Report 30 June 2014, page-8

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barry731

1,027 Posts.

24/07/14

10:39

Post #: 13707014
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Originally posted by Albright ↑

IMO this is looking really good to be commercial viable now. Just looking at the numbers in that quarterly with 7 Million on hand and 6 Million or so expenses expected in the next quarter they must be confident they can raise more money later on the back of Cambay being a success at a much higher share price.

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Perhaps they are planning some form of capital raising for say $ 10 million

OEX Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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