This is a spec stock, pure and simple. We have taken a punt on something that hasn't turned as we have wished (not yet anyway).
The ASX landscape is littered with such stocks. OSL is in a holding pattern due to COVID 19, especially in the UK. They are struggling with that issue and once COVID 19 abates then OSL may get a look in.
As for first sales in Europe and US? At this point in time, I struggle with setting a date for my trip to Europe which i cancelled a couple of months ago.
The other alternative is exit when cash is becoming an issue, as they will pump the SP for the CR. We bitch all we want, but it will change nothing.
imo the MD is wrong guy at the helm. Be thankful that they raised the cash when they did, as if they attempted to do it now we would be at half the price.
OSL Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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