diff - you have hit the nail on the head with your first word "Assuming" - but they haven't done it yet have they? Don't count your 25 million chickens before they hatch.
Do you really think people will back this stock in given the current circumstances? For reasons (undisclosed to the market) the farm-in failed. There is a real chance the cap raising will too. I cannot see why the Pines govt would try and skittle the deal. That leaves only two options - BHPB pulled out or OEL grossly mismanaged the farm-in ...imho. Both scenarios would scare me enough not to take up my entitlement if I was a current holder of OEL and make me nervous about investing at 2-3 cents in the future.
I doubt BHPB got cold feet all of a sudden based on their view of prospectivity or that OEL are that incompetent as to screw up a farm-in deal, so it sounds like something didn't smell quite right when BHPB undertook their due dilligence for the farm-in... imho. Either that or they have concerns about the terms of OEL's capital raising or ongoing financial health imho.
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Mkt cap ! $52.74M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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12 | 12544970 | 0.011 |
8 | 5620909 | 0.010 |
1 | 500000 | 0.009 |
1 | 125124 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 100000 | 1 |
0.012 | 1188401 | 4 |
0.013 | 10925129 | 11 |
0.014 | 6556618 | 7 |
0.015 | 4139109 | 7 |
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