what is in store for obl this week, page-3

Something should be in store this week.

From initial announcement re FMG

The FMG investment will be by way of an immediate Strategic Placement comprising 120 million new fully paid OBL ordinary shares from OBL’s existing placement capacity. In addition, FMG will be issued 100 million new 9 cent unlisted (OBLAI) options, exercisable on or before 30 June 2016 of which 54 million OBLAI options will be issued immediately and a further 46 million OBLAI options will be subject to an affirmative vote at an Extraordinary General Meeting (EGM) of OBL Shareholders to be held on or before 15 January 2013.

Today is the 14th, so an announcement needs to be made today or tomorrow re the new time that the EAGM will be held.

So it will be yey or ney as to whether the deal goes ahead. The share price is staying at the level of the issue price to FMG but will have to sink if the deal does not go ahead.

We need some information so that informed investment decisions can be made. It will be a real pity if the deal falls over.
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