OEX 20.0% 0.6¢ oilex ltd

looks like oilex is on the radar, page-15

  1. 1,815 Posts.
    It is more like long-term investors salvaging their losing positions than P+D. Also there is quite a bit of economic data and some major Geo-political events impacting the oil market happening in the next week. Not to forget the Easter long weekend approaching we may see some further weakness tomorrow but hopefully in the coming weeks it should go up. IMO I don't think they have pumped the price up enough to dump yet considering the price of the last placement. OEX needs the share price back up to 15 - 20 cents or they are going to find it difficult achieving their stated plans without the options money.
 
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Currently unlisted public company.

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