Well another day and another shocker with the options taking a big hit. I'm sure that massive sell means that someone has exited the top 20 option holder list with possibly a new major holder of options.
I wonder when RM is going to put everyone out of their misery and tell us if there is going to be a production flow test and the results or has there been another mishap that OEX are desperately trying to salvage. I still find it hard to believe the way the market is selling OEX like it is a duster.
Which begs the question what is RM timetable/agenda? If you start joining the dots with announcements of board restructures, gas sale agreements, equity funding and new CFO it is almost like they are gearing up to go into full on production but the market does not believe them. I am somewhat confident that this will come good but only after RM and his mates have looked after themselves which is frustrating so many holders having to wait months!
Is this a cleverly crafted game of shaking out smaller holders before the real dollars start rolling in or we are going to end up with another 76H type scenario which the market IMO is pricing in out of fear with no rational thought to how far OEX has come?
OEX Price at posting:
8.4¢ Sentiment: None Disclosure: Held
