OEX 20.0% 0.6¢ oilex ltd

Excellent news but derampering continues, page-30

  1. 1,722 Posts.
    lightbulb Created with Sketch. 29
    It could take 6 months for the oil price to bottom out .


    I'd rather they reduced interest in Cambay (as they originally tried to do with Magna) rather than dilute the whole company .

    There are hidden costs to issuing so many shares - they eventually end up in the hands of predators making companies susceptible to hostile takeovers .
 
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Currently unlisted public company.

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