OXX 5.26% 3.6¢ octanex limited

goodbye oxxo hello oxxca

  1. 1,027 Posts.
    Well trading in OXXO has ended on the ASX.After starting trading on the ASX at 10.5c in November 2009 it rose to 23c in December 2009 before falling to 5.6c in July 2010 then rose to 42c in December 2010 and ended trading yesterday at 23c.So there were plenty of opportunities there for nimble "true believers".The focus is now on OXXCA and if the Exmouth Plateau drilling is successful the true believers may find it hard to believe the out performance of OXXCA.
    I am surprised that the wily Albers hasn't arranged for some group to underwrite the exercise of all the OXXO options.Not much risk there in getting an OXXCA for 5c.I noticed from the 3Bs that some holders have been paying up the full 25c.I quess some of them didn't read or complete the Option Exercise form properly.
 
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Currently unlisted public company.

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