The closing auction tomorrow will be interesting. Last chance for the traders to jump in and secure the rights and options. If the SP maintains a 1.3 level the I would expect the SP in come under pressure on Friday and next week. If the shares trade at 1.3 tomorrow then that represents a price of 1.15 (less the value of the option) for the expanded shares once the offer is complete. If the options are worth 0.1c, then that would make the effective price 1.05c
I still think the traders will bounce this around the 1 - 1.2c level. If 1c does not hold then there may be a rush for the exit from some traders.
OSL Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held
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