All the big exits from INSTOs are complete now in this stock. A lot of scrappy hedge funds took stock in this IPO pre Xmas and had to dump the stock on float to cover shorts elsewhere. The IPO process dragged on longer than it should so created a crappy listing.
That is now behind us and we can trade on fundamentals. We have got a stronger gold price than IPO and we will get news flow on resource upgrades as drilling continues. We will also get closer to production as the weeks drag on ... ORS will come back now.
ORS Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
