The next 6 weeks will be interesting.
Sandy Haller has 55m 20c opts expiring end of March.
ORN may well give the mid teens a shake this coming week on the back of drilling optimism. I wonder if Haller has access to $11m to exercise the opts if the SP does a runner. They have two irons in the immediate fire, drilling at the CE prospect and the copper drill at Coopers Creek in Vic. ORN will fly if either drill comes in but who has $11m sitting in their cheque acc just in case? The upside is if the SP bumps to 30c, its an instant 50% profit (if he can cash out). Hmm, you would need balls of steel though :)
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The next 6 weeks will be interesting.Sandy Haller has 55m 20c...
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