I think its a wait and see on the BFS and future funding...

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Dustymountain

81 Posts.

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12/03/19

01:20

Post #: 37726962
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Originally posted by mattinsydney: ↑

If, like me you're a long term holder (LTH) of Orion (4yrs for me); you're no doubt thrilled with the regular updates, great progress, communication, innovation and the sentiment of this stock.

What I can't figure out with any notion of sense nor reason is why despite repeated news which is better than we could hope for, the share price gains then drops right back down again?!

I've heard so many reports from independent experts stating the shares should be $XYZ price by (Insert Date Here), only for that price to never be reached - it's annoying!

ORN has been seriously impressive, so where are the seriously impressive SP gains (which last more than a couple of days)?!

Sorry if this is a rant or overuse of closed brackets but it's about time we, as shareholders saw the steady and sustained climb of this stock to 5c as a minimum and on to 12c by late in the year.

Anyone know what's causing this pump and dump, are people taking quick 10% gains then going off to some other penny stock to repeat?

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I think its a wait and see on the BFS and future funding requirements/commitments, then should take off.

Generally risk averse investors may want to wait a bit longer before getting their toes wet, at least current shareholders will benefit from early exposure.

ORN Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $109.3M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.6¢	$4.435K	277.1K

Buyers (Bids)

No.	Vol.	Price($)
3	1322502	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	1	1

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 - 10.32am 30/09/2024 (20 minute delay)

ORN (ASX) Chart

I think its a wait and see on the BFS and future funding...

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