I have been offline awhile due to family reasons and just caught up on posts.
I am hoping we get a signed contract soon. I am sure that as soon as FMG sign on the dotted line we will see an announcement. We have been waiting along time for this to happen.
So what!!! If it takes a little bit longer than expected.
To those people speculating on announcement timimgs and insider trading, OBL can go up or down 10% on any day on small volume. Speculating and talking nonsense is a load of hogwash. The week it went up on small volume just before FMG announcement, there was big announcements in the canning ie govt paid pipe line "which will probably go through the Derby block if we are lucky"and extensions to BRU leases. A sniff like that can make OBL jump 10 - 20%.
The market has trouble makers and you will probably find that the people who voted against OBL at the AGM are possibly buru supporters wanting to gain control. It smells that way especially with BRU doing a deal with the other 50% of the Derby block.
Facts
Notice of AGM/proxy form 26 Oct
FMG announcement 15 Nov
Results of AGM 28 Nov
I heard at AGM many voters against the motion sold their shares post FMG deal and prior to AGM.
They have sold most or all their shares on the FMG announcement. These types probably fuel false allegations through newspapers.
We now move on from that phase and when FMG sign this contract we will see a decent run. Much better than the 4.6c high of last time. These goose's will be gone and buyers will push it through the 5c barrier as OBL will be financially secure for a long long time. No more capital raisings and we become a real Oil and Gas company.
Also posters are discussing a possible a Cyrano update. This could be icing on the cake.
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