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0.5¢ ora gold limited

beautiful weather up around these parts this time of year....

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aurox

222 Posts.

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21/07/14

15:38

Post #: 13691014
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Originally posted by pfuzzy ↑

I think the other thing being overlooked is that drilling is approved and is just a matter of weeks away; there's little likelihood of bad weather this time of year, they have their drilling targets and probably will have carried out the down hole surveys for greater clarity around exactly where to drill. there is always downside but it my view massively outweighed by the upside possibilities.

My view (and you'll see this consistently from my other posts on the subject) is that $50m-ish reflects where the company is right now in terms of results - i.e. the current SP. On that basis I'm of the feeling that there is no premium in the current price for the drilling about to be undertaken. That's why I'm expecting the SP to shift up on the back of a drilling announcement and I wouldn't be surprised to see that at 35c-ish.

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beautiful weather up around these parts this time of year. weather definitely won't be a factor

THX Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $35.70M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$18.07K	3.614M

Buyers (Bids)

No.	Vol.	Price($)
1	1385503	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	31046005	27

View Market Depth

No.	Vol.	Price($)
1	1385503	0.005
16	20107397	0.004
6	3213355	0.003
8	7070398	0.002
12	48792041	0.001

Price($)	Vol.	No.
0.006	31046005	27
0.007	27957777	16
0.008	13186005	10
0.009	14962271	6
0.010	5833474	9

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OAU (ASX) Chart