OXX 5.26% 3.6¢ octanex limited

BarryWhy cant Albers hold off the 2nd Call ? my cals, we still...

  1. 580 Posts.
    Barry

    Why cant Albers hold off the 2nd Call ? my cals, we still have a 26cps on cash equity basis (below) as of 1 Dec

    Cue/OIP/AEJ/GGX/MOG/BAS & PTS : 12mil
    Cash : 28mil
    Total cash equity : 40mil
    Shares : 150mil
    Price : 40mil / 150mil ~ 26c

    26c - Thats not bad in my book, but agree it's definately better to keep back the Div in our account than Oxx and here we have 2 divs total ~14c (10c franked).

    I use to say why so silly Mog sold 5% of Artemis for just $7mil ? Albers knows exactly why at that time! I dont.....thats why i get the feeling that something special is happening Cue ? Nah ...... ..Santos could be. If they strike Winchester, i expect they will and take full advantage of all available permits in Oxx.

    Am happy to accept my 5 Oxx shares for 1 STO share, will you ?
 
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