very strong finish on LSE, page-6

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rustydog63

175 Posts.

03/08/14

00:20

Post #: 13760341
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Originally posted by mandurah ↑

Noticed that late buy myself Chill. Maybe it's the same guy{s} that converted 4.7 million options a few
days ago and pumped 700K into Oilex's coffers. That last order was for a sizable chunk of change
{320K in $A}. A few observations :

1. I wonder why the closing price was not given as 11.32p {which was paid on the bell} rather then the
10.88p given as the close. Maybe a procedural thing. No matter, regained the previous nights sell-off
which was critical imo, if it had slid a further 10% then I would have been very skittish. This indicates
that at least no news, good or bad, has filtered out of the Oilex camp.

2. The recent conversion of options {particularly if it is one or two trades only} may indicate an
individual who has, shall we say, received news that the only news to come is good news. It may
also indicate someone who has simply converted for arbitrage.

3. That late buy order on the bell can only be a good sign. Paid 4% over the previous ask price
just before close.

4. At one stage, the low for the day was 9.12p, we bounced 20% off that to close at 10.88p.
25%, if you think the real close was 11.32p. If that's not a strong finish, I don't know what is.

5. Price action indicates that an ann is expected EARLY next week. Leaves 1 or 2 days perhaps
to get set now. You either believe or you don't.

6. Nice finish to the week. Should see 20c on the ASX Monday. As we turn the corner, signs
appear positive for a good outcome.

7. Anns have predominately come out Monday London time. Next ann due Monday 4/8 if
3 weeks is given for completion of clean up. Oilex advised 2-3 weeks, so it will be 3 weeks
Monday 4th. If no ann by Wed then the SP will drift perhaps/probably.

GLTAH

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Im betting the anouncement will be out on Monday.... just as the Oppie Conversion and that Huge London Buy are betting! Go you good thing !

OEX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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very strong finish on LSE, page-6

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