The OXX / PKO merger is starting to get interesting.( I hold both stocks ).
I see Geoff only took up his PKO placement for his direct holdings and only some shares for his indirectly held shareholdings.
With the OXX S/P so low more shares to be issued to PKO holders for merger so they may wait, however if PKO can resolve the Cadlao issue the price will higher so can they afford to wait. Additionally I am sure Geoff will want to cut a good deal for his own position considering he funded PKO in previous placements at 1.5 and 2 cents.
No doubt I am sure Geoff has a plan. Any thoughts ?
Wassa.
OXX Price at posting:
13.0¢ Sentiment: None Disclosure: Held