OEX 20.0% 0.6¢ oilex ltd

Hi, good research. I seem to remember a rig breakdown? I thought...

  1. 240 Posts.
    Hi, good research. I seem to remember a rig breakdown? I thought it was a pretty good call myself. and yes, I have been anxious to sell out of the company for many reasons. what sort of management does a CR at the lowest sp? Simple economics says you borrow at low SP, you CR at high sp. how much easier can it get? If management had done this, they would have no debt and $20 million in the bank. But you cannot give people brains, you've got it or not. its this poor management that puts the EXIT door in the front of the mind. I keep a few (now free) options just in case. nothing to lose.
 
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