What's ORS currently worth? A $15M plant plus another $5M in other assets including cash around $2.4M
That's $20M intrinsic value.
Currently at 10c per share the company has market cap of around $10.6M.
In my mind the company is trading at half its asset value so it may just form some kind of bottom at this level...unless somebody wants to sell and get out. That will push it lower and the bargain hunters will jump in at anything under 10c. Who could blame them?
It's stale mate between buyers and sellers at these levels.
I reckon the seed investors will at least get their money back once the market takes notice of this little gem. But it might take 2 to 3 years for ORS to properly grow.
ORS Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
