Oily,
It is pretty normal to expect such a pull back. It had run pretty hard and was outside the bands. There has been a lack of push through support, so perhaps until we get news it will consolidate at this level.
News should be out soon enough I think. My expectation is for a rights issue when we are at cleanup phase. I think rights issue works best for all holders, though, I think that this style of asset, its risk, and its great upside, would be very likely to attract interest in an insto placement. OEX needs a stronger register to help take the program forward and now would be a great time 2 implement it.
Just my thoughts.
SF
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