Mmm, noticed that ann hit post close of trading. Hopefully we get a bit more than 8K turnover tomorrow LOL.
Money in the bank, pipe on the ground, now where is that frigging rig????
The countdown is on, no spud by may 2014 and that 3.8 million plus MAYBE the other 2million will have to be converted into OEX ordinary shares {that is possibly 150 million shares at todays prices}
Now let's see ; With 400 million shares on issue now and a MC of 19 million, that would leave us with 550 million shares on issue @ 0.034c for the same market cap. Of course, if spud is not achieved by May 2014 then it would be game over regardless. No money in the bank and what imbecile would possibly contribute to any future CR if it was 2 years after the last drill bit disaster and still NO ACTION.
Love the header on their website ; " Focused on Value, Methodical in Delivery" Ahem...... clock is ticking you value enhancing, methodical men in management.
Position ; Hold..ON FOR DEAR LIFE
OEX Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
