OXX 5.26% 3.6¢ octanex limited

Ophir Information, page-18

  1. sle
    7,430 Posts.
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    Surely we (OXX) should have an idea by now. It's very hard to price the stock but you highlight why I'm very, very interested.

    Octanex own 50% of OPSB who I understand receive money for the reimbursement of costs and also receive a remuneration fee relating to production and no doubt KPI'S. OPSB as I understand receive a financial benefit from the capex savings. How this is derived well we will have to wait and see. I have been soaking up around the 9 to 9.5 cent mark a few more as market cap seems undervalued to me.
 
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Currently unlisted public company.

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