Another reason to hold strong folks!!! a nice thought is once OGX hits 38-40 cents we are likely to enter asx200 an then we open up Orinoco to a huge range of institutional investors who will likely re rate this investment immediately. Smaller companies will attract a smaller P/E ratio where as in the asx 200 we could easily see OGX go from 8x to 16 x without a rise in revenue. Food for thought and a while off yet but is certainly within my 55 cent target price
GLTAH
Happy Friday
OGX Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held