“Octanex does not anticipate that it will achieve a surplus of funds following a full redemption of the SIP Convertible Note facility. “
Zero is my Take.
“Where to now?”
Nowhere is my take. As my late father would say, “it is all over bar the shouting “.
No regrets been in OXX since day one in various amounts. Had it’s moments but has all come to nought.
There is no appetite and no money I would suspect to do anything. Don’t imagine that Geoff has the money to re capitalise the OXX with his large stake and the rest of the shareholders, if they are anything like me, no appetite.
Geoff ‘s got more “Grey hair” than me. At this stage I would be surprised if there was anything other than calm resignation.
Nothing will come of Cornea. Shell was it, was right to give it away years ago. Ascalon still a remote possibility, that there could be a farmout, but there is obviously lots of problems there with tight over pressure gas. If big if, a deal could be done but OXX would have to give it away.
Sorry I suspect that Geoff ‘s deal making days are pretty much done.
Everyone has pretty much resigned, Geoff must wish he could do the same.
Might as well take to a private public company while they wind up affairs.
OXX in my opinion ain’t going nowhere.
Love to be proved wrong.
Must be a bitter blow!
OXX Price at posting:
1.8¢ Sentiment: None Disclosure: Held
