OEX 20.0% 0.6¢ oilex ltd

up 30% in UK, page-3

  1. 110 Posts.
    With the recent dilution and the additional amount of dilution agreed in Perth last week, it will take a monumental change in the company's fortunes to deliver any investment value to long term holders. Put in like this - if this ever got to a dollar again the market cap would be in the billions, as it is they have just tried to raise over $.5m just to keep digging in Cambay. New shareholders might make a profit, us LTH are up the creek IMO.
 
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Currently unlisted public company.

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