How much are you expecting OXX to pay for the initial 25% of Derby block?
I am wondering what is keeping OXX down so much - other than they have no exciting projects for 2014? Is that all it is? Company has $20m+ cash and $57m net assets (as at Dec 2013). P/E ration of about 2.5. Should I be topping up here or am I missing something? Is there some preferred stock I've never read about that makes their fully diluted market cap higher?
OXX Price at posting:
11.0¢ Sentiment: None Disclosure: Held
