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Oh dear, oh dear, oh dear. Formerly AIM then NEX and now ASX listed sub scale resource dog Doriemus has today learned a valuable lesson: whan a rat says that his word is his bond, or indeed actually signs a placing letter, that means nothing.
Oilex (OEX) took a big hit to its share price this week following news of an unsuccessful workover at two of its oil wells, and it is hard to see how the company is going to turn things around.
In this video from the storming success that was the 2017 UK Investor Show, Joe Salomon, Managing Director of Oilex (OEX), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
It gets worse. Shares in AIM and ASX listed Oilex (OEX) have now been suspended on Oz as the full scale of its legal difficulties emerges. The stock has never really recovered from the dual kiss of death of being tipped by both Zak Mir (HERE) and by market abuser Chris Oil (HERE) and is today down another 31% at 0.375p – roughly 90% below the levels when tipped by the dynamic duo a few months ago.
And things were going so swimmingly for AIM Casino and ASX listed Oilex (OEX) until this afternoon when it issued a shocking announcement. Oh dear.
Featuring Aortech International (AOR), Clontarf Energy (CLON), GCM Resources (GCM), Minco (MIO), Oilex (OEX)
In their relentless quest to make us buy their stock, it seems that the executives of Oilex (OEX) are also determined to bore us to death with a stream of mundane RNS announcements about goings on at Cambay-77H. The latest instalment of these has told us the vitally important news that the 13 3/8 inch casing set and cemented. Yep, that’s right. The drill team has done what it was obviously going to do. Please wake me up when this is all over.
I had good old belly laugh at Oilex’s (OEX) RNS release this morning. Apparently it was absolutely vital that the company inform the market, via a regulatory announcement, that it had updated its website with a new photo gallery. I am certain this hugely price sensitive news in no way had anything to do with the 94.75million shares placement participants are currently trying to offload.
I should write a little thank you note to the executives of Oilex Ltd (OEX). We are about to release a new guide, titled “The 49 Golden Rules for Making Money from Oil & Gas and Mining Stocks”. The manuscript is ready and we plan to publish in the not too distant future. Thanks to Oilex’s CEO Ron Miller and chums we now have an almost perfect living example of several of the key points we make to help you avoid being crucified on AIM. Unfortunately, if you bought Oilex in the last few weeks, it’s a little late. You’ve just been nailed to the cross.
As an investor, long have I been told that locking in profits is the way to go. "Lock the profits in, whip out the hammock and drink a cocktail", my friend used to say
The market loves a good oil and gas explorer. They are sentiment driven beasts and the best way to profit it so buy when they are low and cashed up. Oilex (OEX) fits that criteria perfectly.
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