Jakspara , thanks . I have been reading up and just got back to the thread . Pardon the uninformed question but I knew where OXX was heading and had not had the time to understand it properly . By today and after the drilling announcement it looked too good to miss .
I figure when the options expire on 31/12/10 and I pay up the call of 5c the option will then become another oxxca partly paid . Until then they will trade ( separately to the oxxca ) as normal . The partly paids will not have such a gap . For the pittance of 5c more I will convert to PPs . I felt like I was late on this one but it has just begun really , SP is not even back to it's mediocre highs yet . Looking forward to Monday . By the time the next 10c call is due it will be a small fraction of the share price . Incredible .
OXX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
