OEX 20.0% 0.6¢ oilex ltd

Solid Performance on the LSE today, page-3

  1. 1,815 Posts.
    I think it is a bit of relief that the share price is trending up again rather than welcome news for long suffering holders who like niako have found a chance to move on. Although I think there is still a lot of resistance to get through before it is blue sky for holders. Like it or not OEX burned many investors in the last 6 months of 2014 with lack of communication of what was going on, so I expect as we inch closer to 10 cents there will be more of those investors sitting on loses who will attempt to salvage some money by exiting the stock. However I agree for new investors buying in at around these levels OEX has considerably being de-risked and almost a bargain considering what the share price has been on less news in the past.
 
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