Ron,
It looks like they were in serious trouble.
Molton has come to the rescue.
They didn't participate in the last raise, and I believe that they have sold down in the past.
Presumably they have sufficient information (more then us) to make their decision to rescue OEL (to protect their current investment).
Presumably they are smart enough to not throw good money after bad.
As you point out they probably wouldn't sell out on market based on past behaviour.
May look for a trade sale/takeover down the tract when more production and higher commodity prices.
Molton is probably the best you could hope for in the current circumstances.
.
Ann: Presentation, page-38
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $4.537K | 348.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 12486048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 14711861 | 16 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |