A colleague talked to Martin Rogers from Lind this morning and we congratulated him on the deal.
His comments were that he thought OBL should currently have a market cap of 100 million.
Also, this deal is a small deal for Lind but is similar to the large deal they did with Linc Energy.
He stated Linc Energy a massive coal company needed some short term funding and specific events pushed their share price up and in 6 months Linc no longer needed their funding. There are number of specific events that should push OBL's share price up as well.
The structure and the assets are there. So, now it's up to Neil to make it happen.
OBL Price at posting:
1.8¢ Sentiment: ST Buy Disclosure: Held
