Who are Peake Lands? Surely with all the bullish reports out their from brokers that roll off the tongue alot more quickly than Peake Lands, a report from them wouldn't have a huge impact on OXR.
Alot of trading has been going through Merryl Lynch, so maybe if they can be associated with any large investor then we may kknow who is selling OXR down. Needless to say, someone is off-loading large quantities.
I don't think the options are controlling the fpo, the trigger for the fall from 31.5c was a large 500K seller who just dumped straight out late last week. All I have heard so far from here appears to be heresay. My guess is there are quite a few oxroa traders here who have been badly burnt. Of course that is the risk in trading options especially near expiry date. There is not enough time in unforeseen circumstances for the option to recover. The current market scenario is certainly exceptional and the timing quite bad for OXR option holders.
OXR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
