ORP 0.00% 3.5¢ orpheus uranium limited

looks poised, page-6

  1. 741 Posts.
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    I tend to think that the sell down, and the current price is influenced by the $425mil price for the nearby OZL mines, OZL announced a as part of the cash sale of the assets. My guess is this reflects on the ORP reserves. One good thing that ORP has going for it is that it has no debits. But it also has no cash either, and we are punished for this.

    Should the directors pull there fingers out and get us a partner that can throw $50 mill at this mine, then watch the share price fly.

    Right now cash is king, not assets that are deep in the ground. The market will punish any company no matter how asset rich they may be. Market wants to see that you have cash, or you can raise cash.

    Look at OZL, FMG, RIO they all have world class assets, look at there share price from a year ago. What has changed? Absolutely nothing, except the financial crises.

    If ORP can stay afloat during these tough times, and survive the next 3 to 5 years, and somehow get a cash cow on its side, then we will see some green on the share price. Option two would be sell the whole think and hope to get .20 cents plus per share.

    I don’t think our directors have a clue what they are doing.
    Good luck
 
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