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56.5¢ orecorp limited

If it comes back to low 20’s I’ll be doubling up.

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tarecq

2,453 Posts.

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23/07/18

21:59

Post #: 34526998
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Originally posted by PaleoBro ↑

Euroz and it's affiliates have been buying for some time. They've pretty much been the only insto supporting ORR since the Tanz meltdown. I expect usual pattern to occur of the SP to drift once they take the foot off the pedal on the buy side. I cant see much happening here until Tanzania give the green light. Even then it'll take some time for foreign investment to regain trust.

Not so sure about what this deal means for a further acquisition. I'd hope they dont intend to go for an all in one basket approach.

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If it comes back to low 20’s I’ll be doubling up.

ORR Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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