akward predicament , page-6

They have $19 m of current assets, but also $8 m in current liabilities including unpaid tax on profit from selling off permits.

So the nett current assets us only $11 m
They are trading at a mkt cap of $26 m

They are no sloutchers, but at this point they are overpriced as they dont have a standout project. Its all high risk expensive drilling

The gold sector has been hit harder and offers far better value for money.

The buy back is purely a tactic to halt a declining sp to a realistic level.

Exploration companies rely on hope value and OXX are trading on e large, but not neccessiarly mind boggling, amount of hope. IMO

Even long term holders should adjust out of OXX and into gold and other mining shares with proven resources.