OEX 20.0% 0.6¢ oilex ltd

IMO I think think we may have seen the bottom last Friday just...

  1. 1,815 Posts.
    IMO I think think we may have seen the bottom last Friday just below 10 cents and the rise this Monday morning is welcome considering trading volume is light today; hopefully it will hold up by close. It is also interesting to note that the 250,000 buyer/seller has reappeared on the OEXO options and last time that happened within months the share price rocketed. It appears large players are about to take this in a higher direction, I just hope it can be sustained this time and will be largely dependent on how Ron words the imminent flow rate announcement. It is pretty much a 50/50 bet from here it is either commercial or it isn't and the share price will reflect that after the larger players finish playing their games.
 
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