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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