It will be interesting to see what Magna and Zeta do in this current situation or maybe they are all in it with Ron and his cohorts in a sophisticated way to mine shareholders wealth. Really how are they going to make money out of this.... Surely we can't be going through another shorting exercise like with Darwin or they will be nothing left? Adams on the LSE thread has been digging again on some theories which has been entertaining reading.
Like you Chil I have managed to recoup some loses trading other stocks such as YOW while the OEX share price remains stagnant. Apparently there is more money to be made in chocolate than gas at the moment. For now I'll just keep these OEX heads in the bottom draw and see how this next drilling plays out. It isn't really worth selling in this 3 cent range IMO.
If we want to see a positive in all this if the OEX share price is not moving if they do eventually release a market moving announcement it might re-rate the company without the usual buying the rumor and selling the fact. At this stage I think most long termers would be somewhat happy if it got to 10 cents or 5 pence although it is a far cry from the days of 20 cents +
It will be interesting to see what Magna and Zeta do in this...
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