ORD ordell minerals limited

I wouldn't expect much from AC in terms of assay results....

  1. jir
    80 Posts.
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    I wouldn't expect much from AC in terms of assay results. It's more about defining the footprint of intrusion. It's first pass exploration. I'd be surprised if they get any numbers out of it. Never know though. DD mineralisation will be more interesting as it extends the known deposit a fair bit to the SE if there's anything there.

    Cap structure and timing as someone else mentioned will definitely play a big part in price next 6months. 6mil shares (and potentially a lot of converted options) hitting the market at similar time to IPO anniversary (CGT discount selling) could put a lot of pressure on price. Like I look at why I didn't sell some at highs for profit and it was 100% about waiting out 12months for CGT discount - a lot of people will be thinking the same. A positive counter argument is this can't get too cheap either because a cash rich bigger company would snap it up for sure, the gold is there and it's worth a lot of money.
 
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48.0¢
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