Australia's largest stock trading and investment forum Australia's #1 stock forum

ORS

Click for more information

0.00%

1.3¢ octagonal resources limited

Ors, page-12

First 12 Last

Share
Profile

Follow
AverageJoe

20,035 Posts.

381

12/08/14

12:14

Post #: 13804533
Share

Originally posted by JID ↑

All good Spec,

I recall we were in BSM together if my memory serves correctly? Not wanting to be accused of negative downramping (I have an order currently in the queue) I think ORS are in a similar situation here. The mine isn't performing as expected and cash is extremely tight so it's like strike two at the bottom of the ninth ...

The key upside for ORS vs. BSM is that there is no debt involved and thus no banking covenants that complicate matters.

Just like with BSM's Fossey VMS deposit, this will come down to whether the gold is actually there in an economic grade. For those learning the game, this is the risk of relying on inferred resource estimates instead of reserves.

Likewise, there will be reward for those that hold through this period IF the grade does in fact improve.

Cheers
John

Expand

Waiting for the top 20 holder/s to finish dumping so that the price can have a chance to get back on track! I wonder if they publish an updated top 20 holdings...

ORS Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

STP

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

KM1

Jindalee Lithium chasing key role in US battery chain after McDermitt prefeasibility study

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 6 more messages in this thread...

First 12 Last

Add ORS (ASX) to my watchlist