Pls forgive my previous post/s. I have been very frustrated with this company because they always seem to create new excuses to delay the project.
I have noticed you've recently become active again on the OVR thread. Been very quiet without love heart nathan and you for the past 6-9 months! Have you been buying recently? If so, why? Have you been talking to management or have any faith in their capital management capability or ability to get this thing sold to someone or into production?
I think the pump at the end of last year was because they knew they were going to need capital again soon. And I think it will happen again too, maybe next year sometime before Jun. If you think about it, this stock is supposedly tightly held (76% held by top 20). So the price can move very quickly on light volume.
The big guys on the top 20 (who aren't standing to benefit) won't be wanting another big dilution, so they might have incentive to pump again prior to a CR. This pump could be timed with the JORC upgrade (this year?) of the DFS release early next year.
OVR Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
