re: Ann: OXX: Grant of PEP 487 over the Derby...
Hi jaybay,
I am basing my theory on the fact that, with the number of shares already issued to lind thus far, you would already expect a substantial shareholder notice. Which we have not seen yet.
standby facilities are there for companies to do capital raising with little hassle. This is lind's income to help obl churn shares. If they are trying to buy and hold obl shares they would have done so and be obl's cornerstone investor. Which this facility is not.
my guess is as good as yours if obl will go into production. They are geared for it atm, we may just end up being free carried for a minority holding in derby.
I am not implying management have not been prudent in managing issued capital. However situations may force their hands.
we Will all have to wait and see.
OBL Price at posting:
1.7¢ Sentiment: None Disclosure: Held
