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19.1% 2.5¢ emperor energy limited

The thing I don't get about OBL is that there is still no...

  1. rivermore
    2,603 Posts.
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    31/05/14
    07:42
    Post #: 13441234
    The thing I don't get about OBL is that there is still no clarity on what % of the Derby block they actually own.

    They have sold half their holding to OXX leaving them with 25%. The balance is owned by Backreef who apparently are insolvent or some resemblance of it. They also owe OBL quite a substantial amount of Derby lease back costs. Backreef have an agreement to sell their 50% to Buru but OBL have pre emptive first rights. What a mess. Its been running long enough and will be scaring away anyone (big) interested in playing.
    OBL Price at posting: 1.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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