OXX 5.26% 3.6¢ octanex limited

j8,instos & Sophs don't destroy companys....Weak ones are self...

  1. 6,965 Posts.
    lightbulb Created with Sketch. 58
    j8,
    instos & Sophs don't destroy companys....Weak ones are self destructive.
    The Ox is no meek creature.
    Uncle Geoff seems to be a shrewd man....He should aim to catapult the OX into the league of the mid Caps,because it has all the ingredients....He can NOT do this on his own with only a bit of help from the little guys.
    Diluting his stake to around 30% & having other strong hands on the register will remove "The Single Man" stigma & make the Ox a truely public company that can go places....Fast.
    He might be waiting for the right time though.
    I am hugely interested in this ox & still buying small bits of it....but I can see its Achilles Heel as well.
    A little example....There would've been no need to dilute our 35% interest in a substantial asset such as Taranaki if OXX has the backing of other large holders with deep pokets.
    He may yet do it with Winchester as well....In other words hedging his bets for safety....because it is a single man's effort.
    It is a catch 22....Geoff is not going to diluts at a depressed price....The market is not going to push the SP up in a hurry unless he does dilute.
    Hopefully the Ox may reach the middle groud with the market.
 
watchlist Created with Sketch. Add OXX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.