OXX 5.26% 3.6¢ octanex limited

Ann: Award of Drilling Rig Contract - Ophir Oil Development, page-6

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  1. 2,603 Posts.
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    Crackity, such cynicism.
    I did not buy them.
    Am surprised that anyone is selling at the moment though, if the motion 12 goes thru, even with the 2 for 3 write back, they will still turn into FPO's worth 3c plus. If we're lucky, it might go even better, the FPO's are seriously undervalued IMO and as Ophir progresses, the opportunity is there for the company to establish a healthy cash flow and eventually start paying dividends. Geoff Albers is getting on bit so I think will be keen to get his favourite company into a better place.
 
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