"small company that they are, and if the outcome is negative for SC55 and Otto, I believe it will have far reaching negative consequences for foreign investment in the Pines!" Sharpeye, true we r a small company getting good cash flow around $75m per year from galoc. We have unfortunately one billion shares on issue which makes it tough on the SP considering the amount of traders etc to c a proper reflection of value. Thankfully we arent in the 2 billion to 4 billion shares on issue range as some of our peers because that makes SP appreciation very very tough. Very little or no real reality of ten bagger outcomes and really a case of pushing manure up hill. At least we can still hope for oysters and crayfish rather than be happy with flake and chips and a dim sim if all goes well :-) Secondly i dont think wehave to worry about " negative consequences for..."
because OEL will get reassigned SC 55, well at least they r confident of that outcome..
OEL Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
