Right now better buying heads, given where the heads price is. The LRS options are exercisable at 1.2c so no wonder they moved given the heads price is close to 1c, and looks like the options will be in the money soon (hence the leverage benefit as the closer to the money oppies are then movements in heads price start correlating to the 'same' movement in oppies price, and obviously each movement has a higher perentage gain on oppies than heads, since the price of oppies is less than heads. Also LRS options expire Dec 2022, whilst OAR oppies expire Dec 2021, so a 1 year difference there to.
Now OAR oppies, excercise price is 4c, so no surprise there are no bids for them given the OAR heads are at 0.3c. My view you won't start getting any uptick on the oppies until heads start moving to 0.8c - 1c, with probably the main tirring happening when head price gets above 1.5c assuming there is still 1 yearto expiry, so right now buying heads is far better then options IMO for those with a short term focus. Those with a long term focus will b better off ying heads at this stage IMO.
I buy options occassionally but see no value at where the current heads price is compared to the oppies, to buy oppies here. Right now a lot of OAR oppies supply at 0.1c, but no buyers, which is what I would expect given where the heads price is, the strike price of the options ae and only 18 months to expiry, and a long way from the oppies getting into the money btw.
Finally,I hope OAR does something with its tenements near ADN, as well as do some drilling in the tenement near CHN (Julimar). The other two projects I simply see as added benefits, but benefits can only happen if management get of their dateroll and actually do some initial work and then drilling IMO, and then obviously our fate sits on those drill bits.
All IMO
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