It's pretty simple maths.
To the forced buyers, if they can get 1c for the heads and 0.2c for the oppies, then that have a 20% margin. Plus the 6.25% fee, they can make >26% on the trade. For what is very short term, this is a huge % on a P.A. basis - sort of off the charts. Probably one of the best deals in a long time.
Their only problem is unloading enough to not smash the market.
Therefore at some point the oppies will have to go to 0.1c and or the heads to under 1c. At some point they will be prepared to break even to clear their holdings.
However, traders being traders, watch out for the odd good news story that gives the SP a life. Then check for any supply as they may be playing games to unload.
It's pretty simple maths.To the forced buyers, if they can get...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $11.90M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $18.20K | 3.850M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 21860266 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 29058628 | 14 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
0.5¢ |
Change
-0.001 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 1975000 | ||
| Last updated 14.06pm 06/05/2024 ? | |||||
| OSL (ASX) Chart |