OEX 20.0% 0.6¢ oilex ltd

IMO I don't think the market would support another CR raising...

  1. 1,815 Posts.
    IMO I don't think the market would support another CR raising around the current share price. Maybe possibly above 20 cents but by that time the options would be in the money so wouldn't that be enough money? Also I think they mentioned something about having access to a loan facility too? If this well fails why would you want to support RM by accepting another CR when that is a second failure? If if the well is bungled for second time and the share price tumbles below 5 cents the CR might be below the last raising. That's if people are willing to give RM third chance!
 
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