Seems to me there are 3 types of holders in ORP now viz
(1) pirates who recently acquired by smoke and mirrors about one-third and know the TRUE value (C-holders inc financiers, corporate backers, directors);
(2) opportunistics who sniffed the play who also realise fair intrinsic value and jumped on the bandwagon (mois and mates);
(3) significant stale holders who still reckon they can get most of theirs back per real evolution of the gold and uranioum projects;
(4) small stale holders wanting some crumbs for their patience staring at significant paper losses at current levels;
IMBO, (1)(2)and (3) aint likely to be releasing much stock at present prices cos they can see multiples upside ... inc they who are responsible for the U-strategies so far kept under double wraps, whilst (4) will prob only be offering token resistance and be swept away as the key pivotal points are swept away in project evolution / technical momentum .... one such KEY pivotal level being 4c just ahead.
Reckon after next Monday when the SPP allocations are made (prob only 15 mill shares we are talking about), this baby will be quickly retesting its key pivotal resistance point, confirm break thru which should see it immediately transform that to key support level.
Wearing my rose coloured techno glasses can see broad 4 - 8 trading range coming up with midpoint 6 of a right shoulder formation of broader basing with depth about times 5.
Technicians will know what I am talking about and wondering what fundos could justify such significant future rerating (?).
Well bros, last year's scoping study (which cost about what current market cap is haha) has all the answers on project NPVs on risk analysis if u care to delve.
ADD to it the second epithermal target nearby plus the new ground recently clarified as not being National Forest, AND my personal fave, the radiant potential in PDN safari country ... and she sure looks fine to me haha.
Anyway last time I played a near surface open-pittable million ozs play at 2.4 g/t it was called "Thunderbox" bless its heart and its 40% owner Dalrymple Res then was rerated to about 150 mill bucks market cap on development and later assimilation by JV partner Lion Ore ... and AUD POG was MUCH LESS than now !!!
IMO ORP is a wealth creation machine staring us in the face from current RIDICULOUS 8 mill market cap and we have another NEW factor to consider LIKELY, looking into 2011 .... GOLD BOOM .... and ps URANIUM BOOM as well .... double whammy bros.
Personally I consider ORP a U-boat with gold resource base ...DOUBLE WHAMMY covering the only 2 sectors I am interested in playing to GORM megabear end circa 2013.
So Core holding in process of completion and will soon be looking for the traders thru the pivotal breaks as we move closer to the radiant golden games ahead. Any weakness in POG in short term will be considered opportunistic toincreasing core holding. Got a lot of black holes to fill haha.
Press on and good luck patient ORPians .... reckon u will soon qualify beingcalled Olympians for yr faith, courage and patience. look forward to riding this baby thru to 2011+ optimum time/price targets for POG and leave plenty for the nuke wars beyond into 2013.
OPINION of course but there it is as ORP rerates in personal importance from here.
IMBOOC
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