I think PKO will now hold off until the end of May / June before any proposed merger with OXX.
OXX sp is currently high for what they have.
Their next quarterly report should show nett current assets of only around $10 million. The mkt cap is $26 million, and the best two projects are both held by PKO - Cadloe (proven reserve in which they would love to bring forward) and North Sumatra.
None of OXX come close to being a priority.
OXX recent proposed buy back is just a ploy to stop OXX sp dropping to a natural realistic level. IMO
At least PKO could sell down to Lion Energy or others.
I dont want OXX at 11.5 cents for their ordinary portfolio.
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