Oxx certainly hasn't had a lot of luck drilling wise or share price wise over the last year.....
Reasons to be cheerful....
1. OXX have a healthy cash balance.
2. Malaysia office may have some good news soon.
3. PKO merger may have some interesting assets. Albers interests own a third or so directly and OXX the rest up to the 49% disclosed holding. PKO reminds me of a long drop which your car keys have fallen into - a nasty situation that eventually may yield something good.....see their half year report just out - South Block A is having all PKOs remaining funds spent on 3D - Cadloe settlement is not coming but PKO / OXX seem to have a plan B. Hopefully DOE approves something over the next 7 weeks - would be nice to see Viking out of the drivers seat here - they have played very fast and loose....
4. Mrs Rabooth won the share sweepstake! Must be time for another one - anyone want to organise?
OXX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
