Guys this type of talk about how it's risen 400% etc and how due to that ORD must be overvalued is just rubbish talk.
That would have to be the craziest form of technical analysis that I've ever seen and is so wrong it's not funny.
By the way, the average price over the last year is over 4 cents and the very few people that happened to pick up ORD at under 3 cents when it temporarily dipped under that for a very small period of 3 weeks would be miniscule as the volume was extremely low due to people not wanting to sell.
I haven't seen a 47 million dollar company with the size of the projects under its belly that ORD has in a long long time.
I have no doubt that this is undervalued. It's just a matter of seeing by how much and that will be determined by the market in the near medium term.
From a market psychology perspective, all of the people wanting to sell that got in at the 3-4.5cent mark between the 13/4/2010 - 13/4/2011 would have already sold.
Volume has been way above average and on a much higher share price for months now so we have a whole new set of investors that have paid these current prices and are waiting for higher.
When you factor in all of the projects value ORD's current market cap is a steal!
VAN Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held