Yeah, its a pretty neat solution. I thought the resolutions about issuing options to the directors is telling also in that they are being done at 8c each. There seems to be a growing expectation (inc by the directors) that the share price will still keep heading North, certainly if Ophir plays out as it seems to be, they are still way undervalued.
It will make the ctg more valuable whilst also increasing the FPO underlying value (quite a trick).
I am still hoping the OXX will pull another rabbit out of the hat though, either a deal with Ascalon or a farm in by WPL to WA-387-P
OXX Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
