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clock Created with Sketch. 03/10/18
17:37
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Originally posted by dunny29
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I disagree with this reasoning (and think we have had this convo before haha), I cannot see soph's crushing heads and then trying to sell oppies as oppies price reacts to heads price. Generally Soph's will sell heads above the raise ASAP and then hang on to the oppies as they can provide upside while being free carried. I can't see how this quote of yours further above makes sense 'If retailers don't buy their oppies, they can't unload their heads without taking a loss, the raise was at 3c, any soph selling in the past 3 months has sold at a loss, I'll bet most Soph's selling was done on/before the day of the mining licence being granted.
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Forgot to mention your leverage figures.....I totally agree based upon where it could get to in the not too distant future but it's not there yet which makes the oppies close to worthless.
