30 million volume through today looks like some one is offloading and someone else is buying
OEL closed up 0.2c to 9.5c, very positive on 30m turnover, approx 28m was via a special crossing, & with only 7 entities holding 20m + shares, will be interesting to see if this volume leads to anything tomorrow or the next few days.
With around ~57m shares required to hit the 5% SSH announcement requirement, any buyer could stay under the radar for a bit longer.
Then again, this could just be either of the main 2 shareholders rejigging there affairs!
Certainly does present a few possible scenarios doesnt it shasta lets see what comes out in the next few days im guessing we must be due for farm out update on SC 51 onshore. You have to wonder as you mention whos buying and whos selling.
Time is a great teacher, but unfortunately it kills all its pupils
Very interesting to note SC 51 and SC 69 farm out flyer has been removed off the otto website i view this as a very positive sign we know they did the same after BHP expression of interest. The ann must be due to come out any day now about farm out of SC 51 and or SC 69
Very interesting to note SC 51 and SC 69 farm out flyer has been removed off the otto website i view this as a very positive sign we know they did the same after BHP expression of interest. The ann must be due to come out any day now about farm out of SC 51 and or SC 69
Well i think its still flying under the radar good luck to all holders plenty left to run if any farm outs happen in the short term the current management really have turned around the company i guess the market is still sceptical of this company but still a good buy with obvious blue sky potential if they get a farm out and get some drilling.
Time is a great teacher, but unfortunately it kills all its pupils
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Originally Posted by boysy
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