LOL! Don't get me wrong I love ORD but we need to keep things in perspective.
Firstly there were only about 1/2 as many shares on issue and secondly please keep in mind this excerpt from
Pierponts Dubious Distinction 2006 awards:
Burke & Wills Badge for Explorer of the Year.
"To Ord River Resources for "one of the most significant discoveries in Australian copper mining history". Ord said it had been exploring a tenement in the East Kimberleys where it collected rock chip samples containing percentages of up to 42.5% copper. That sent investors into a frenzy, but not Pierpont. When copper outcrops, it's pretty easy to collect rock chip samples showing high grades, but they don't necessarily mean there's an economic deposit underneath.
The announcement was released by Ord on Monday November 20.Ord had just held its annual general meeting on Friday November 17. At that meeting shareholders had approved the issue of 17 million options - many of them to directors - which were exercisable at 40c. Ord shares closed at 58c that day. The announcement of Ord's historic discovery drove the price to 96c on Monday. The price has since ebbed back to around 60c and the Ord River board has agreed with ASIC that the option issue will not proceed."
Don't worry though- at the time ORD was being run by a completely different management team and now it's 2010 and we have the additional Laos, Suplejack, West Wylong projects as well as the Caledon aquisition as a counterbalance.
I expect big things from ORD next year.
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