Yes, I saw the bush poetry. Quite clever use of the Oncosil HC gang.
We are seeing a significant shift in confidence in recent weeks. I think the end of all that tax loss selling also helped. The new appointments and new shareholders with clout has also improved confidence and importantly sentiment.
The other important development in my view was on the capital management front. The listing of the short dated options was clever. Boosts liquidity & confidence. With the share price nudging the one cent mark makes the short term Oppies in the money. That restores the crucial funding issue that’s dogged Oncosil for a long time. It was effectively priced to fail by the market before. So, that has improved confidence & sentiment.
The market is also forward looking. Generally, it has a 12 month horizon. There will most likely be a lot of news dropping over that time horizon. So that builds anticipation as well.
As others have suggested we need some brokerage coverage as well. That may resume now. These are all positives and hence, reflected in the share price.
Cheers.
Gekko
OSL Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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