ORN 0.00% 1.6¢ orion minerals ltd

Ann: Landmark $25 million Capital Raising, page-10

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    closed at 7.6c, equivalent of 6.33c.
    unfortunately they liked the fact $25 million raised, the ASX has to deal with the aftermath.
    the recent pumper had to dump excess stock, IE yesterday arvos dump at 3.4c and 3.5c below raising price, long term holders that cant be bothered waiting around and the most recent addition to the ASX, participants of a cap raising that think it their god given right to keep sp at 3.6 or lower for extended periods of time to accumulate more at a lower price.
    for ORN to get to 6.3c on ASX think we would need approximately 300 million in volume minimum today alone.
    looking at JSE price is now irrelevant in my opinion.
 
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