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1.3¢ octagonal resources limited

Waiting for the top 20 holder/s to finish dumping so that the...

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AverageJoe

20,035 Posts.

381

12/08/14

12:14

Post #: 13804533
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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

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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
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