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3,157.3 s&p/asx small ordinaries

The Brains Trust - 2016, page-10062

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10/08/16

11:38

Post #: 18484635
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Originally posted by nordesmic ↑

Agree re BLK Captain. I sold the last of mine at 90 cents last week. I thought it had more in it but when I looked at valuation it is fully priced and not without risk given production ramp up phase.

When I bought ORR a few months ago it had such a similar look to DCN. Low liquidity, gun management team and huge deposit potential. Someone tipped me about DCN at ~50 cents and I never bought any. I don't think it has ever pulled back more than 10-15% all the way to $3.80.

I don't like to chase either but I reckon it will be hard to get ORR on a pullback. Not saying it will go to $3.80 but so much upside if drilling reveals more ore sources and gold price keeps rising. It could get that premium valuation for a project that should really be owned by a major. DCN and GOR are the only others that have that at the moment in my view.

WPG is another one building some serious momentum right now. That and CRB are my picks in the sub A$50M market cap developers.

Re CRB, my mail is they brought on board a few good fund buyers in the placement so that should support the share price too.

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GCY's still going allright.

One of those stocks that no one's ever interested in buying but just keeps going up ,with good reason
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