There are a number of factors which are causing the SP to fall :-
- flow test was compromised
- results did not give confidence to outsiders so although the concept appears to be proven commerciality is not certain
- the dire market and price wars plus the need to raise money making the cap raising incredibly difficult
The factor which is easy to overlook , imho is London and the AIM factor .
AIM is without doubt one of the most efficient ways of trashing a share price .
At least with Oilex being listed on the ASX we get a semblance of regulation .
If Dart had of listed on AIM as they planned rather than merging with an AIM company (IGAS) the results would have been the same ; shareprice destruction .
There are very few real investors in London . It has made itself the money laundering capital of the World and speaking as an Englishman I would say it's not even part of England anymore . It's pretty well a separate state like Monaco .
Would rather see Oilex reduce interest in this field than dilute the company further .
Anyone else think it's time to take the pain in the short term by delisting from AIM now ?
OEX Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
