Patience is really hard with OEX. I suppose the buyers around this level must see some value here and as you say RM wouldn't have bought those options if he thought they are going to be worthless. I think I would be more comfortable if the share price was north of 15 cents and those options were being converted this year. Recent world events don't look that promising for spec companies if there is a full on World War going into 2015. Europe is rather quiet on Russia's involvement in the airline strike. You can't really blame them as they are dependent on Russia for Energy. On the other hand it could present an opportunity for OEX if gas supplies are disrupted by world events if they can get their act together to produce.
OEX Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held