Why do we buy shares? Or for that matter, why do we invest? Answer: To make Money! (Any objections to that?)
One of the current directors of ORN is that Scottish man of the "Mother and Son" team (Silja). Silja were "smart" enough to use a clause in the old GDR 6M Capital raising to get rid off the old crooked board. They have also tried to claim all the most profitable "assets" (ie. the Leases, the Machinery, etc.) as if they were a major debtor, not just an ordinary shareholders like you and me. However thanks to the "Son of Gwalia" case precedence. This was proven to be a not so easy path for Silja. So they had no choice but to re-float the company!
Didn't this brief history of the last year already demonstrated the true intention of Silja (who are now in charge)!? Is it fair to say that they just want to recoup their money!? They tried all the sneaky stuff already and now they just have to really put their effort in to MAKING their money back! Their monetary exposure to ORN is around AUD:10M. For them to recoup their money, the share price has to go up to 20+cents. I don't know about you, but to me it is not IF but WHEN this share will get to that level?!
From a technical point of view, you can work out things from a sophisticated charting software. From a realistic point of view, this company has to start producing Gold in order to really make money! However if you look at the situation from the major shareholders' point of view, who are just so happened to be in charge; what do you think is in their best interests?
Is this fair to say, one way or another, the current ORN team has to get the share price to 20+cents?
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Last
1.5¢ |
Change
-0.002(11.8%) |
Mkt cap ! $109.3M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $16 | 1.002K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 372501 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 501945 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 477133 | 0.015 |
1 | 1000000 | 0.014 |
2 | 1076920 | 0.013 |
3 | 1133280 | 0.012 |
1 | 272725 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 438508 | 2 |
0.018 | 1900000 | 2 |
0.019 | 719295 | 2 |
0.020 | 1549960 | 2 |
0.021 | 843000 | 2 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
ORN (ASX) Chart |