OXX 5.26% 3.6¢ octanex limited

" well a good start would be confirmation of settlement for PKO...

  1. 1,027 Posts.

    " well a good start would be confirmation of settlement for PKO which is due today"

    I agree rabooth.OXX had funds of $8.5 million at end of June and expects to outlay $5.03 million in the current quarter so funds are getting tight.I think the wily Albers got some great deals for OXX over the years through exposure to high impact drilling.It is just so sad that there was no impact as the drilling was unsuccessful.If PKO receives the cash
    and OXX takes over PKO at least OXX gets some cash which I don't think it could raise otherwise.Sometimes I think OXX may be approaching the last throw of the dice.However I have confidence in the wily Albers and intend to stay aboard OXXCB.
 
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