The buyer must have known that there are a few nervous nellies trying to get out and created all that bidding volume to absorb? I wonder if it is Denham Investment?
Yesterday's ECB interest rate cut and stimulus has just shifted the problem from US to EZ and with the US economy improving, still to confirm NFP tonight, I think the buy USD is showing the smart money thinks a raising of US interest rates sooner.
These are fundamentals management can't control but the grade reconciliation has to be sorted out which the update is indicating they are addressing. They must be confident enough to think they can solve these major issues to bring on a second shift to get to 1080 level. If there is a genuine shift in grade numbers, I think there is plenty of upside even in a falling POG. Sometimes I just feel it is so near yet so far. Good luck LT holders, we gonna need it.
ORS Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
