Yeah, its odd, just trying to get the thought process behind saying that. Would love to see how the mechanics work in their theory.
There was a spike in volume yesterday:
Average this last 6 months has been 11 million a day, but its dropped off significatnly this month, and yesterday nice spike of 42 million traded. It did coincide with meeting, so maybe someone not happy with the results.
With recent raising at 0.01 cent, They seem well funded now (4mill cash in bank last quarterly + 7 mill raised @ 0.01, + potential $1 mill raised at 0.01 ) . The SPP offered approved, but not sure who would take it up when the market price is 30% under the SPP price, interesting to see if the shortfall institution (Trafalgar Capital) actually buys up the shortfall.
Im watching closely, but think I need to see the next quarterly, want to see actual money coming in and burn rates, was surprised to see that run up earlier this year before the cap raise.
OSL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Not Held
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