Originally posted by newB
Listened the audio conference yesterday, I was surprised the CEO tone was so negative: 3 brokers asked questions and he replied in a way that everyone in the room felt the chill and doom.
Seems ORE deserved a sell off because its management downplays their own company, or you can say they are honest or whatsoever.
I will expect Galaxy and Kidman will make some kind of announcement saying they are different from ORE...
Was the speaker who was being negative Seville? My guess would be that sin, seems his mind was ce his replacement is breathing down his neck, and we can only guess at why he resigned, maybe his whole outlook on life and everything has turned slightly negative. I have listened to previous audio conferences and found his tone a bit flatline overall, it's his style.
I think the negative announcement and subsequent selloff was exactly what the shorters were looking for - a nice fat Xmas present. They're all in today and will push this down as hard as they can.