ORN 0.00% 1.7¢ orion minerals ltd

Ann: Substantial massive sulphide zone intersected at Kantienpan, page-5

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  1. 5,569 Posts.
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    Mattinsydney, most likely explanation for no response in SP is the cheap 1.8c shares that where issued, appears as if they went into so called weak hands. Turning over shares for a reasonable profit and moving on to the next stock.
    In a way, best to get these shares out of the way before any possible "eureka" announcement

    To be honest, I was very disappointed at the issue price recently, SP had been sitting at around 2.5c and with all the positive news flow, to issue shares at 1.8c seemed a very strange move from management, didn't really instill confidence to the market,IMHO
 
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