Mr Lindo, your explanation of the price fall is somewhat very simplistic. this arguement over leverage in determining the price of an option leads to mispricing.
I am still concerned that the IPO did not float above the issue price. As some one indicated, it may drift aimlessly if not down a little further, until news about something occurs. It seems that getting a drilling rig is now the best news any exploration company can get. Not sure if OIP have anything in place at the moment. If not if may drfit lower.
just seems to be a good bargin at the moment. But then there are lots of bargins around, even ESG.
To the OIP holders, good luck, but you may need a lot of patience with this one and you mauy even see more paper losses.
OIP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held