thought today's announcement was excellent but so have most announcements since SP has slid 29.7% from recent cap raising. this means at current level Tembo, IGO , Dennis Waddell, Wyllie Group and other participants in sale of shares at 3.7c or higher are majorly underwater. unfortunately most of those names listed wont buy on market or cant at the moment. resource upgrade could definitely provide a springboard for the SP but quite simply it all depends on who is pushing SP lower.
re cash till BFS, i dont think so, going on cash in hand v ongoing expenses this quarter, but dont take my word for it.
imho ORN is a buy on Prieska alone, forgetting about greenfield prospects and IGO JV. also concerned who is interested in ORN now, very keen to suppress SP and any excitement around project.
ORN Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
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