OEL 0.00% 1.2¢ otto energy limited

Ann: Quarterly Activities & Cashflow Report, page-15

  1. 3,091 Posts.
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    The price chart is saying it all at the moment - it looks terrible with sellers continuing to load up the sell side on the market depth - unfortunately I got caught out buying some more recently - badly timed. Get the feeling we are not being told everything here. BYE chart similarly looks crap - punters are obviously anticipating a capital raising on BYE. Oil chart has also turned a little nasty again. Just as the ASX requests an explanation for price hikes, similarly they should ask Companies to explain price drops - 9 months ago OEL was over 6c !! A drop below 2.9c if it doesn't immediately (same day) get bought back up on , could easily send price back down towards 2c or even lower !! guess we will know soon enough. E
 
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