Todays RNS ;
(RE: ASX PRICE AND VOLUME QUERY) has been generated by requests from 10 Paternoster Square as to the recent share price rise over the last week. When an sp spikes or volatile trading patterns pop up then the powers that be are aware. Usually.
Todays RNS is nothing more than a response to a regulatory request. It’s run of the mill and one can learn more re’ the RNS system and how it operates by googling “The Transparency Directive (London stock exchange)20 January 2007 ”
It’s interesting to note that OILEX have stated thus “The Company has no specific explanation for the recent price and volume change.”
They then go on to, as many have emailed and commented on, to state the last 6 company news releases. The Genie is out of the bottle here and Oilex are trying to put it back! They know and I know and you now know that it is a carve up! OILEX have sat on the sidelines while their sp has risen from approx’ 12p right up to 35p over the last 3 months a quadrupling of value. 30Million shares have been issued to “sophisticated and professional investors” at a price of 20p, 4Million share options have been issued in a related party interest, News leaked in the Indian press as to where the Cambay asset is heading. Do not be fooled by the OILEX shenanigans, smoke and mirrors there has been some very sharp business conducted behind the scenes here regarding options and sophisticated types!
Hold your stock!