Australia's largest stock trading and investment forum Australia's #1 stock forum

OAU

Click for more information

0.00%

0.5¢ ora gold limited

ForgotThe company will have just over 3m in cash which will give...

First 25 Last

Share
Profile

Follow
xgor

187 Posts.

10

21/02/23

07:40

Post #: 66360988
Share

Originally posted by xgor: ↑

Grub
You say .003 is a big discount - how do asses that when the real value of the shares is nil
Do your homework
The last 3 CR have produced a pittance of money
All of a sudden they have 8m+ fully underwritten CR by Phil and his mates
The only reason for this is so Phil can get back his 4.5m
Not for the benefit of the company or shareholders
I have been involved is the stock market for over 35 years and have never seen a CR of 3 for 1
They have made the offer so tempting that people will rush in as Grub says its a big discount on paper
Ask yourself this question??
Was Phil ever likely to get back his 4.5m the way the company is going - Answer NO
The cost of mining has blown out the window that is why no-one wants in
My guess is that once this is dusted the company will be put on the market - if they can find a buyer
All the drilling in the land will not produce cash -only mining will which is not going to happen with ORA
Good luck to all those who are going to rush in while us angels look on

Expand

Forgot
The company will have just over 3m in cash which will give the underwriters about 12 months to unload all their shares on the ASX probably for .003 which will give them their money back
I always knew Phil was smart - it is only us shareholders who are dumb

OAU Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

2 Great analysis

Reply

There are more pages in this discussion • 9 more messages in this thread...

First 25 Last

Add OAU (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $29.03M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$12.06K	2.413M

Buyers (Bids)

No.	Vol.	Price($)
19	10832215	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	45281809	27

View Market Depth

No.	Vol.	Price($)
19	10832215	0.005
17	14954999	0.004
7	56366667	0.003
10	12995398	0.002
10	61991039	0.001

Price($)	Vol.	No.
0.006	45281809	27
0.007	24225886	19
0.008	6922671	7
0.009	2826700	6
0.010	5265826	7

Last trade - 14.04pm 07/05/2024 (20 minute delay)


Last 0.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.5¢	0.5¢		0.5¢	100000
Last updated 12.24pm 07/05/2024 ?

OAU (ASX) Chart

SPONSORED BY