The game here is short selling. ORE is currently one of the most heavily shorted stocks on the ASX, and in recent times 20-50% of daily trading volume has been short-sold shares (https://www.shortman.com.au/stock?q=ORE).
Hopefully at the moment they are trying to keep the price down while they extract themselves.
We should get production figures for the this quarter in the first half of April. If they are above expectations, share price should respond well. Just hope the new guy has a philosophy of under-promise and over-deliver rather than the other way around. That would get the shorters out quick smart.
ORE Price at posting:
$3.56 Sentiment: Buy Disclosure: Held
