Robin Bromby's article in The Australian yesterday didn't do REE stocks any favours...and for the most part I agree with him that certain bandwagoning companies (companies that jump on the vogue investment of the day) have been ridiculously overpriced.
I do not think ORM is a bandwagoner due to their excellent sampling results. It is a genuine exploration play and the current drilling will tell whether this project is worth anything or not.
I bought a few yesterday due to the belting it has taken, and will buy more if it falls further, then wait for drilling results....though i already had an indirect investment through my Metallica Minerals holding.
Cdchi
ORM Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held