OXX 5.26% 3.6¢ octanex limited

GA has shareholder approval in place to allot 15% of company to...

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  1. 2,603 Posts.
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    GA has shareholder approval in place to allot 15% of company to new shareholder plus the 10% capacity already in place.
    Our share of this deal is about $8m which will be covered by the ctgs due next March or more likely by the overmarket price placement to a mid size oiler looking for a Malaysia foothold. Wouldn't be surprised to see Petronas as the party concerned. GA is looking to kick start OXX after a couple of very ordinary years. The other sleeper deal is the OBL Derby field. Its all due in court in September, a deal will be done before them otherwise BOPL get nothing. OXX / OXXCB serious multibagger potential now IMO. GLTH.
 
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