OEX 20.0% 0.6¢ oilex ltd

% chance of being commercial, page-11

  1. 1,815 Posts.
    OEX share price has been depressed for many years now so it is possible it could run hard to 40 cents on commercial flow rates as the market realises OEX has something real. There are a lot of companies on the ASX trading out there at a higher market cap than OEX on just an idea or rumor without proven anything tangible. IMO I think 40 cents is more on the low side considering the future potential at Canning that has not been factored in. That big buyer in London on the close on Friday is likely to want a big profit and not in it just to sell for a few pips movement in the share price so it will be interesting to see how this plays out.
 
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Currently unlisted public company.

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