oxx investments, page-6

Point taken G O.
No ideal stuucture and all have flaws. I still think that Albers with an iron grip on the co is an asset. He has a huge personal interest in OXX. If one day it is taken out ( assuming some success along the way) then Geoff will not sell out cheaply. Hopefully ASX rules and his integrety will look after the small shareholders. I have seen nothing so far to doubt his integrety. That carn't be said for so many others. Look at this OIP fiasco. Also with such a huge personal stake, Geoff will also look after the cash as best he can. He will not want to dilute his holding. Also it means we don't have to fear constant cash raisings that drain or dilute so that management can contue with their sinecures which is the case with so many others.
Agree the investments are a mixed bag. Cue is a very old holding, BBP was not one of the best, with 20/20 hindsight.
We are at the penny dreadful high risk end of the market, but having chosen to be there OXX is about as good as it gets IMHO. That being said, I reiterate that this is not one for the day traders. I intend to see it through.
Just a note on the risk reward and please correct me if I have the figures wrong.
You hear suggestions of gas beig valued at 50cents mcf in ground. Call it US or AUD whatever.
That is 500m per TCF.
OXX has effectively less that 150m shares on issue.
That is over $3 per share per TCF.
And look at the prospects.