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PLS has posted several great announcements recently. Amazing...

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Serpentis

166 Posts.

267

07/10/21

10:42

Post #: 56625511
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Originally posted by punter45: ↑

disagree

I can’t speak for original ore holders, was never on threads or followed ore’s progress before merger.

however, I can speak on behalf of loyal patient ex gxy holders and imo can’t get more patient holders than us.

imo news less management doesn’t help the cause, can anyone from merged company say our management did this did that last 3 months?

simon’s exit didn’t even get a mention until fellow holder posted it.

as a new merged entity imo management needs to improve news flow and update market regularly, if not potential investors will move elsewhere, as there is huge opportunity arising elsewhere atm with lots lithium players moving towards production.

with current market climate and u.s looming government shutdown we could go under $6.50 very quickly at this rate, I as long term holder starting to have regrets holding on.

name of the game is news and productivity from management to sustain confidence and future growth.

one needs to be honest, how many retail holders here have regrets not selling above $9.50 from both ore/gxy holders?

I always liked news abundant management who can instill confidence to all holders, for me personally dissatisfied with news flow from ore, nothing from ore since beginning august about any progress and any developments, therefore I cannot blame retail getting out with some profits

retail needs reason to stay invested

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PLS has posted several great announcements recently. Amazing auction results, big resource upgrade, commissioning up their new plant... but they're still down 25% from the peak a couple months ago. ORE is down 20% from that peak. So I don't know why you think news flow is some magical solution, it certainly didn't work for them.

Seriously, look at the 6 month chart on the mining sector: https://www.marketindex.com.au/asx/xmm it's been in steep decline since early August, exactly the same pattern as the lithium sector and ORE. It has nothing to do with news or announcements or bored retail investors, this is big money shuffling around in response to the worsening global macroeconomic environment.

ORE Price at posting: $8.22 Sentiment: Buy Disclosure: Held
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