Hi johhno, bargain doesn't even go close, more like absolute stupidity to see OXXO at 13 and OXX at 44 LOL! Not a chance in hell i would sell OXXO for under 30cents with the heads sitting where they are (wouldn't sell them anyway, but hypothetically...) Someone must have needed some quick cash????? With OXX at 44 OXXO should really be somewhere around the 25cent mark, even higher when you consider that only 5cents is required to be paid by December then next call isn't till the following December. I think this is the only reason that OXXO doesn't trade around 15cents behind, that is most are not aware that the full 25cents is not required until December 2012. It's the best leveraged option out there at the moment IMO. The process for the partly paids is explained in detail in the recent RI Prospectus, hope that helps. Have been sitting on this one patiently for some time now but looks like the planets are aligning, 2011 will be a screamer!!!!
Nazzy, what was it you said this morning? Still got plenty of time to buy in? Geeeez mate, it worked a treat. Now what are the odds (probability) of that happening LOL! :)
OXX Price at posting:
44.0¢ Sentiment: LT Buy Disclosure: Held
