IMO Pattersons and Carmichael are skeptical about everything...

IMO Pattersons and Carmichael are skeptical about everything that is going on which is evident by them only partially underwriting the offer and cutting themselves a deal of 10 cent unlisted options for 3 years time which may indicate the upside of this CR reducing. The big boys have stitched themselves up with a good deal where they can't lose but we have to participate in this offer with no new options and hope the new issue of shares don't fall through their issue price!

Also all the money from this CR is earmarked for research, production, preparing for a drill but where is the money going to come from to actually drill? This 5 million if successful will last maybe 3 - 6 months and then what? Is OEX confident they can get those 15 cent options in the money cause if they don't I would say RM will be tapping investors for another CR middle of next year and it ain't going to be pretty if option holders feel cheated by them not getting their act together to get the options in the money especially if they bought these options and did not get them for free. Many investors will be realizing big losses on the tails in addition to the loss on the heads.

IMO OEX are really putting current holders in an impossible situation as many are under water and the are dammed if they participate cause of the need to raise more capital to continue and dammed if they don't with a possibility of OEX going under.