Ann: AusTex's Daily Production Averages 500 b, page-21

re: Ann: AusTex's Daily Production Averag... Binbin,

Page 24 of presentation

http://hotcopper.com.au/announcements.asp?id=460870


Onlysif,

The last few Cap raises have allowed them to execute their drill plan creating value for holders. However we would want them to raise capital at the best possible time (ie more results first!) to maximise the share price. Hopefully they have the cash to hold out.


On a related note, there is a facility for ASX shares to be transfered to the TSX. This means that weaker (Ozzy) hands can be relieved of shares which can be moved to the grateful North Americans who pay a premium. Or should that be Ozzies tend to discount the value of these American Oil stocks. In the long run this is positive but in the short term some instos may try and mop up shares for this potential carry trade -----> BOT trading?