if takeover is under 30c and successful... oppies will be worthless... if take over is anything above 30c, oppies will be in the monies... eg: at 40c, oppies will be at least 10c.... at $1, oppies will be 70c..... oppies are leverage to upsize as well as downside, but at current cheap entry of under 2c, there is not too much risk isn't it????
And if we have any good development toward ESG and OIP's tenements, then oppies will reward more handsomely than its head... e.g: if OIP to move to 30c within the next 1-2 months, i would expect OIPO to trade at around 10c level which is 500% upsize.
For the moment, look like some capping at 17c, good luck to whoever trying to accumulate OIP.
OIP Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
