OSH problem has aways been it doesn't have the goods to hold traders interest inbetween drills and politics etc and hence doesn't hold its gains. Now with solid income, debt managed and a forward program the momentum guys, buy and write that always caused pressure on OSH and moderated it holding it gains may be playing a tougher audience.
Can never tell but stars are aligning for OSH over the last 24 months, fewer credible alternatives for investment rather than a trade so maybe some of the money will stick and the register tighten up so any demand will push the price.
Would love to see some exceptional drill results and buying more prospects cheap to ensure that there is a floor under it along with no distractions in development and possibly even more savings on infrastructure going forward.
Get a few things in a line and take out some weaker players and you have a very large company.
I still have thought as to if they should diversify from PNG more and wonder if they can manage more as I know they could add great value to other projects and underfunded areas but it changes the complexion of the whole company and adds execution risk. Happy if they settle and do what they do well for 6 months and then snap something up that is struggling . Going to be hard to find something out there that adds more instant value than accelerating their own time line but if it was the right project and convinced the market of that .....well it might add some sparkle and get it out of its trading channel. .
OSH Price at posting:
$7.29 Sentiment: None Disclosure: Held
