At the moment you can pay 10c foe oel and get almost 12cps cash backing, a free hit at hawkeye, that would have to be worth a couple of cents per share on BHP's cash alone and then there is EARS later in the year, that would have to worth 1cps. That is 15cps value for 10c purchase price or a 50% premium. After the capital return you are really paying 3.6cps for 8.6cps value that is a 238% premium.
There seems to be an endless supply at 10c at the moment, but things can change very quickly.
RMP Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
OEL Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
