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OXX

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5.26%

3.6¢ octanex limited

Hi Wassa, Just doing some research on OXX. So pleased you are on...

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tui

4,837 Posts.

164

23/05/17

18:02

Post #: 24865725
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Originally posted by wassa ↑

Hi All,
Yes, I remember when this stock got to 40 cents some years back now. I think the sp will run hard again when oil begins to flow. There is some execution risk to get to that point yet thou. ( and not a lot of detail to this point on projected flow rates, profitability but I am comfortable GA would be all over the finer details .)
The partly paid conversion and company formation changes has simplified the structure and removed the somewhat mystique of Oxx.
Theres only been around 300,000 traded in the last 3 months ( i have added about half of them to my holding ) and the bid/ ask gap is massive most of the time so agree RM a 3 bagger is possible when the oil flows. Good opportunity here imo but nearly impossible to buy a large holding cheap. Good luck.

Wassa.

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Hi Wassa,
Just doing some research on OXX. So pleased you are on board. ...with increased holdings. When an oil company gets cash flow then things start happening. The hard work has been done.

Ophir is about to produce.
GLTA
DYOR

Last edited by tui: 23/05/17

OXX Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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