@crackpot. The options are a higher risk, but if you look at it,...

@crackpot. The options are a higher risk, but if you look at it, maybe a good way to go if you believe in the company.

The options expire in 13 months. If the share price has not moved by then, the company will never take off. In the next few months, gold production should start, the IOCG should be defined, A JORC should be known. If all those come back with positive results, the SP will be a lot higher.

When the SP of OGX ran last time it went to 40c and OGXO went to 22c.

So lets do some sums. Currently OGXO sell side is 2.3c and OGX is 8.7c.

Lets buy $10,000 shares of each.

OGXO 435,000 shares
OGX 115,000 shares

Assuming the prices of the last run.

OGXO 22c = $95,700
OGX 40c = $46,000

If you believe in the company and buying for a short term profit, Its quite obvious which one you buy.

So no I don't think the OGXO bidders are crazy, they just understand how the share market works and the buying multiple and use that to their advantage.