Asteroider,
this is a fact.
When OVR was sitting at 7 cps, you were on the warpath with those exact words on this forum. You mentioned conspiracy theories and disputed on the daily share price movements. You also berated the management on their lack of promotional acumen [which i too agree with] and said that the share price would stagnate at that line for a long time.
During this period, there were posters [other than me] who were kind enough to share their thoughts and mining knowledge on this forum to enlighten investors that this may not be the case. That is, OVR has actually got a economically feasible mine [in their opinions] and that the mineralisations and structures indicate numerous satellite deposits and a huge open cut operation. They also calculated that the share price was significantly undervalued and should be in the 45-65cps range. We are now siting at 21cps since then from a high of 40cps. This view has not changed and has now further consolidated with the recent discoveries and a new JORC upgrade due.
Now here we are again. Deja vu indeed.
And, of course, i will wager that we will see another move up to the levels i speak of...of course, this is my opinion and investors will have to do their due diligence. But i rather stick to companies' that have resources in the ground, sound management, prudent usage of funds, potential for new discoveries and thus wait for the market to rerate.
The daily gyrations are frustrating but only if you are thinking of selling short term. I believe 2011 as the year for OVR...hopefully i [and some other knowledgeable investors] are proven right...ONCE AGAIN.
Happy investing.
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