OEX 20.0% 0.6¢ oilex ltd

Charl,Thanks for the sentiment. If I get my 80c back, I think...

  1. 240 Posts.
    Charl,

    Thanks for the sentiment. If I get my 80c back, I think all shareholders will be happy and I thank you for the good thoughts. I have averaged down to something more realistic, so we will wait and see.
    I must admit that I get peeved by blue sky investors who refuse to look facts in the eye. I believe that knowledge is power, and its important for investors to have open eyes. Having seen such monstrous destruction of the value of these shares over the past few years, it seems amazing that people paint such pictures. Probably employees.
    Anyhow, change of management can be a shareholder thing, management don't normally change themselves, especially when they give themselves strong financial rewards.
    As for India, it will not change for many years yet and the Magna deal probably fell through due to elections taking precedence over business. Remember, Government is involved in nearly all businesses. BUT, guess when the 'next' elections are! yes, when the extensions are being considered by the Government in 2019. So there's a real risk there.
    Let's hope the reservoir performs, for all our sakes.
 
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