OEX 20.0% 0.6¢ oilex ltd

With the recent dilution and the additional amount of dilution...

  1. 110 Posts.
    With the recent dilution and the additional amount of dilution agreed in Perth last week, it will take a monumental change in the company's fortunes to deliver any investment value to long term holders. Put in like this - if this ever got to a dollar again the market cap would be in the billions, as it is they have just tried to raise over $.5m just to keep digging in Cambay. New shareholders might make a profit, us LTH are up the creek IMO.
 
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Currently unlisted public company.

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