OGX 0.00% 0.3¢ orinoco gold limited

while we wait, page-23

  1. 4,264 Posts.
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    I remain out
    Logic often does not apply
    When delisting occurs I think the price will go down short term on negative sentiment that exists in those who's cash has been stuck here

    Traders especially will be upset by this and want out

    My average price is 8.6 cents
    If I take the off at 7 and exercise the options at 11 at some time the average price is 11 +7/2
    That's 9 c which is. Lose to my current break even price

    So for me I'm waiting for relisting and I'm expecting to be able to buy the same amount I e been offered for less than 7

    Do they need my cash to relist
    If they do have real then no and I either get a bargain or miss out but I won't lose
    If they dont have a deal
    Then I've not wasted anymore than I have already

    That's my thought on the logic of this without any more information than has been announced so far
 
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