The recent merger/TO usually happens with a rising commodity price. Can you see any gold producers able to justify to their shareholders for such actions?
ORS need to show some developments with their current mining. With these type of micro cap stock, everyone is looking for the potential and less on what the current commodity is doing. Question like do they have enough to tie them over and still maintain their objective. Caught between a rock and a hard place for management decision is whether to keep spending to fast track their operations or find a balance. The share structure indicates that they are looking after everyone. Still waiting patiently for a surprise report on mining progress.
ORS Price at posting:
6.3¢ Sentiment: LT Buy Disclosure: Held
