G'day from WA Sommerso, We've been waiting for an update on financing for quite some time now and this is becoming frustrating for long term holders who see the quality and potential of the project.
regarding management, they've been impressive up until recently where the news flow has disappeared. they really pressed hard to get feasibility studies and approvals completed and now have gone silent on financing. this is causing speculation that there's someone accumulating right now and this is likely given the strange buy orders of 2,000,000 shares that continue to appear, keeping the sp in a holding pattern.
for me, I was hoping that the South African recovery plan would inject some life into this project, but government coffers are dry from what I've read and stimulus packages aren't flowing through to the mining industry as is happening elsewhere.
so we watch and wait, hoping for good news. I personally won't be selling at these low prices as the resource this company has is too great to be ignored by the market for much longer.
ORN Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)