ORD The company put out a gentle reminder to the market about how valuable it believes the Bauxite Project in Laos is to the company. The market certainly responded, sending ORD to a high of 5 cents for the day which is also an area of resistance. Volume was the strongest it has been in months with 15m traded. The stock was then sold down during the afternoon to its close of 4.5 cents. The chart indicators now look bullish with the slow stochastic and RSI rising and the MACD having crossed yesterday. There was a hint in yesterdays announcement that the company might look at other ways to ensure that value is reflected in the company's share price. I have no idea what options they might consider but for this reason it is worth keeping an eye on ORD in the near term. News Due: Updates on the progress of the feasibility for the Bauxite Project in Laos. Disclosure: Holding ORD
