They just had to finalise some paperwork and took longer than expected which is why they had to delay till next week but is confident the stock should be trading Monday morning. They put down Tuesday morning as worst case but is confident Monday if no other delays. The deal is locked in as he says just paperwork.
He did also mention that this cap raising is just for a major investor as mentioned in the recent ASX announcement but they have been contacted by numerous others wanting in also and now that they have this initial 3.5 million they will be rejecting any other offers and recommend they purchase on market atleast for the next couple of months at a minimum as this is a game changer for them and want to maximise value to all shareholders including the directors who themselves hold a significant amount of shares also.
Have only a small parcel of this from years back and look to definately increase based on this.
OGX Price at posting:
28.7¢ Sentiment: Hold Disclosure: Held
