ORN 6.25% 1.7¢ orion minerals ltd

Ann: Fixed Loop TDEM confirms Cu-Zn massive sulphide targets, page-12

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  1. 5,569 Posts.
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    waynemac9, undoubtedly lots of news to come, just wondering what a fund like Wyllie Group think of a drop of 21% from their purchase price of 42+ million shares, would have thought that they would have bought those shares on market? is it not possible that this group want more shares and are prepared to cap stock or do you have inside knowledge in this regard.
    heard all sorts of things recently including very large mining companies viewing drill cores, considering a vast majority of holders view ORNs existing asset of Prieska being grossly undervalued at existing price excluding any of the green field assets, and that Tembo prepared to convert over $6 million dollars of debt to equity at 3.7c, current SP is not frustrating, its almost criminal. see ORN being taken out for a below par offer. Wyllie group can certainly be a blocking stake but right now everything about ORN smells off.
 
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