Over 90% of the trades over the past few days have been holders selling into the buy side. Very few buyers are making the sell side.
Expected at current prices, as there are almost 1b shares issued at 1c with an option, so to sell at 1c and retain the option as a free ride is a reasonable strategy.
Lets see how the oppies are priced tomorrow - could be very large volumes being traded. I would expect 0.1c to be the go. If the oppies trade above 0.1c then that will increase the pressure on the heads as the traders margin will increase the more the oppies go up and that will be a competitive market to sell the heads at possibly less than 1c. We saw a small amount go through at .9c today.
OSL Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
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