Volume & negativity, page-8

In Oilex's last financial year, the first full year in which Ron Miller became Managing Director, he received a $256,000 salary and spent $184,000 of it on buying company shares and options. Whatever was left probably mostly went in taxes.

The point I'm making is that Ron Miller backed the company with over 71% of his gross salary that year. He was showing commitment to the cause. The fact that he hasn't bought shares recently is probably down to his previous high commitment to Oilex rather than setbacks to the drilling. If he spends even half of the previous 71% of salary this financial year I'd say he is still showing significant overall commitment.

Another purchase in the coming months (or whenever Stock Exchange rules allow as flow testing is on-going) will go a long way to convincing me that all is heading in the right direction at Cambay.