ORM orion metals limited

high component of heavy rare earth elements, page-38

  1. 982 Posts.
    Yue probably picked up the majority of his shares at below 7 cents. He has paid top dollar in recent buys but overall way in front no doubt.

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    Appendix 3B on the 09/09/10 had approx 56.2M shares on issue.

    An announcement, 'Becoming a substantial holder' was made on 20/09/10. It states that Mr Yue purchased approx. 5.54M shares for approx. $1.47M for approx. 9.86% of the holdings. This equates to approx. 26.5c per share. Can you please show me why you think Mr. Yue got them for below 7c?

    Sometimes, the big guys take a punt and it doesn't pay off.
    As far as I'm concerned, smart money already left.
 
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