I think a few things possibly could be creating, some covered by others:
1. Not trading for 7 trading sessions may have caught a few off guard, and ORE was priced above GXY close (on conversion) so gap closed a bit?
2. ORE Results are ok, but not sure the shipping issue was well received. Could be ongoing for more than current qtr. if not careful. These thing have a tendency to drag on.
3. Combined with a bit off risk aversion? ASX was quite negative this morning, yet the futures were not pointing that bad. Recovered a bit now though.
4. PLS not escaping either, though not as bad. Currently ORE 88% of ATH, PLS 91% so not a big difference.
We have been here before, many times,
A buying opportunity for a LT hold too. Though I am a pit cautious, sit on sidelines at the moment, if others are like that, the sp will move greater.
AIMO
GLTAH
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