Does OXX have to pay 22% of the total drilling costs?
Is that budgeted at $30 mil?
So basically the last $6.5 payment by NZOG goes towards OXX drilling cost. The directors are smart.
What is the cash backing per share ( before the final $6.5 mil NZGO payment) ?
Is it 14 cps?
There s still a lot of hope value tied into the current sp. Probably at the right amount but its no bargain IMO. OXX needs positive result.
The recent chairmans AGM address is 100% apt.
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