With present market sentiment,what's the chances those who entered at 2/3c levels may play it safe and sell and wait to re-enter at these levels?Indeed,profits ranging from 100% to 50% would appear pretty damn good to many now.A close below 4c today should not be unexpected. The facts are that the IPO and good drilling results may not happen before next year.Some posters here have mentioned that people should be afraid of getting out and waiting for another entry:our falling SP suggests otherwise-people are prepared to take the chance now. Strong fundamentals won't be enough to overcome such dire market sentiment-certainty not on the underperforming bourse we invest in. As a LT investor,I have some sympathy for the ORD management: they have done everything right-a real class act. IMO,Aussies don't have the money they used to have to invest,so it will be the spurt in overseas buying that moves this SP,not local action.Most foreign buyers would wait for the IPO before diving in. Perhaps some here have been reminded that you "don't count the chickens before they are hatched".
Cheers to all holders
VAN Price at posting:
5.5¢ Sentiment: None Disclosure: Held
