I agree with your overall sentiment. OEX has many prospects to focus on beyond Timor and the drilling program neg by the company sees this period as a bonus for OEX if next week proves fruitful.
The business is based around nothing ventured nothing gained - and I am happy to hold OEX based on the fact that Timor drilling program has been conducted at min cost to the company.
However, a neg result this week will most probably see another sell off and reduce the market cap again.
It will be interesting to see how this plays. Will OEX continue with Timor and drill the 2 extra locations - if they don't get a positive result?????
or will WA be the next focus?
OEX Price at posting:
15.1¢ Sentiment: Hold Disclosure: Held
