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1.2¢ otto energy limited

Not long to wait until the quarterly to see the actual cash...

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boysy1

9,255 Posts.

731

22/04/24

16:46

Post #: 73461182
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Originally posted by ronstieb ↑

Perhaps there's a method in his madness where OEL management incompetence still plays into his hands.
In the restructure at 0.6c, Molton was able to buy 1/3 of the post restructured company for
~ USD8m. With current cash alone at what , USD40m ? , that purchase is looking pretty good at the moment and it took him to effective control at 48%.
He also did very well out of the interest and production bonus payments from the Convertible notes.
The cap raise for GC21 was really to help raise funds to payback the c/note debt to Molton.....imo.
Heads he wins, tails he wins.
I think he's been looked after quite well in return for letting this useless mob continue to draw a salary.

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Not long to wait until the quarterly to see the actual cash position and to see if they have come good on reducing admin costs further ......

OEL Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.54M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.1¢	$32.23K	2.854M

Buyers (Bids)

No.	Vol.	Price($)
13	8559810	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	6682020	6

View Market Depth

No.	Vol.	Price($)
11	7559810	0.011
5	7900000	0.010
2	2877777	0.009
2	245123	0.008
1	200000	0.007

Price($)	Vol.	No.
0.012	4788964	5
0.013	9282808	13
0.014	6322873	13
0.015	6511000	14
0.016	247276	2

Last trade - 10.19am 06/06/2024 (20 minute delay)

OEL (ASX) Chart