Hi,
Mid/long-term holder of this stock. This is not an attack on ORN management, merely looking for context, opposition or rationale to my gut feel.
Just re-reading the May investor presentation. I am honestly struggling to see anything tangible for commiting to actually progressing work and returning to us shareholders.
There are repeatedly no key dates tied into timeframes (example below), endless investigations and 'looking into' new ventures. Many other companies will at least say "study due Oct 22", "site works March 23" etc... A time frame offers a metric or KPI to hold management to account.
Personally I can't see much here to kick the price in the next 1-2 years. Low cash holding is going to lead to another CR. (I feel) even a crazy good announcement on resource is that far from being realised or tangibly actioned that SP will no react.
Does anyone have insight or views contrary to mine. I would really appreciate some constructive conversation. Struggling to see much upside.
Cheers,
Hi,Mid/long-term holder of this stock. This is not an attack on...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ORN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $90.83M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.5¢ | $4.706K | 299.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 378070 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 491319 | 4 |
View Market Depth
| Last trade - 15.51pm 19/06/2024 (20 minute delay) ? |
| ORN (ASX) Chart |