It might be true that the management has nothing to say. they don't have agreement with GSPC to drill a well. they dont have the funds or the courage to drill a sole risk well, they don't have any assurance that the lease will be extended, and if they rill a well that is successful, then the indians are less likely to allow a foreign company to benefit. Indian government has not yet earned its stripes in integrity. so no news is no news and the company is a dog, ruined by a consistent bad management over the pat 10 years and the fact that they don't have a reliable partner. very difficult to operate on 45%. don't waste your time looking at this company and based on the frequency of comments, not many are interested. I have cash and gold at the moment. I sold shares, I sold property and now look to buy back in once Warren Buffett announces his retirement and wall st slumps or gets trumped.
- Forums
- ASX - By Stock
- SYN
- Ann: Oilex Investor Presentation June 2016-OEX.AX
Ann: Oilex Investor Presentation June 2016-OEX.AX, page-7
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online