This is not "bad news" - this is reality...For those who hold -...

This is not "bad news" - this is reality...
For those who hold - I am sorry for your losses

For those thinking of investing, the time may be soon - we seem to have gone beyond some of the hype and spin that OEL have made their hallmark. Holding out may still pay as I believe that 5c is close to the bottom but who wants to take the risk - watch them over the next 3 weeks and resist being sucked in on the way down.

Disapointing that we have not yet seen a few of the board and senior management fall on their swords but that may still happen.

OEL is poised for a re-birth but not quite yet...

p1000

p.s. Please don't consider this to be "down ramping", there is probably not a lot more downside in OEL (maybe 4c??) but who needs that sort of risk... OEL seems still to have the $$ to satisfy Banka Intesa WRT Galoc and the $$ are flowing in to GPC. I still believe the intangible values related to GPC are outrageous and should have been written down but the true state of the company is now clear to all regardless of the accounts.