OEX 20.0% 0.6¢ oilex ltd

CR with Darwin, page-45

  1. 170 Posts.
    Was not saying mgmnt don't want higher sp - was saying they have no interest in a share price spike. They want sustained results which deliver a long term higher price. I personally would like a spike - sell my shares - sell my options and spend all the cash. On the upside - I have some options that have been held for less than a year - so Ron miller may be helping me with my tax bill with all these delays.

    as a general note, unless someone of the calibre of Steve jobs is available, I don't think replacing Ron miller will make a difference to development costs. His main role now is to sell down canning, let cambay run it's course and raise capital. Not sure about other investors but cambay development will need huge dilution, a significant loan and or asset sell down to get to production. I.e if we are going to make 1billion in sales - we are going to need to spend hundreds of millions in drilling and facilities cost. It's just a question of when.
 
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