OEX 20.0% 0.6¢ oilex ltd

Short covering on oil, page-4

  1. 1,815 Posts.
    I am thinking everybody that has lost has thrown in the towel so there is nothing to chuck out anymore. Could it get worse from 4.2 cents with no direction from OEX management. IMO if there is any broader market correction from these levels 1 or 2 cents could be on the cards as those buying at 4 cents lose the fight to carry on. Communication in the coming months from OEX management will be critical or all this talk about production and cash flow positive or neutral will be all for nothing. Lawyers and Accountants will be the only beneficiary if it heads into administration.
 
watchlist Created with Sketch. Add OEX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.