In addition to my comment re the vicious circle of selling between OGXOB and OGX, I meant to add the following:
This situation is not uncommon with with speculative, small-cap stocks as any "in-the-money" options near their expiry deadline (particulay if their are some fundamental concerns floating around). It's really a pity that the OGXOB are nearing expiry before we have a solid qtr of production. If people had confidence in the future mining and production situation then this effect may be negligble ...
One positive is that where the SP has been driven down significantly due largely due to the selling of options before expiry then it is reasonable to expect a significant bounce in SP after the options have actually expired (fundamentals being otherwise equal). A small silver lining in the dark cloud currently hovering over the OGX share price ...
OGX Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
