The previous results released were deemed poor by the market and as such the share price collapsed. I think the market ( day traders ) were expecting another Nova deposit. The results were not a disaster at all just not a Nova type discovery. Now they ( ORN ) have new information or research and have raised a few million dollars for drilling and look set to strike. Bear in mind the last cash raise was underpinned by management and sophisticated investors who took up a huge shortfall, Silja and Creasy are now the 2 biggest investors in ORN with management.This alone is huge in my opinion, these guys are experts.
I don't think we will ever see the share price at these levels again.
Anyway good luck if your in.
The previous results released were deemed poor by the market and...
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $109.3M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $4.775K | 297.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 311565 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1701787 | 6 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| ORN (ASX) Chart |