texob

I have been looking at the BCC charts and can see they did a similar cap raising to TEX in september, offering 1 free option for every 2 shares purchased....with the option exersizable at 10c (same as TEX).

After looking at the BCC & BCCO chart and TEX & TEXOB charts it seems that if the TEX sp follows the BCC then the oppies are currently more attractive than the Ordinary share....TEXOB is currently less than half the TEX sp = GAP 50%, however in the BCC & BCCO charts it shows that this gap will close as the sp rises....when BCC hit 16.5c the BCCO hit 10.5c ....the oppies now worth 66% of the sp.....and it makes sense that as the sp grows the gap will further close. eg. TEX 50c oppies 40c.....the oppies would then be worth 80% of the sp if executed.

Could be a great time to increase you oppie holding and maximise returns.

Anyone else have any thoughts on this???