OIP 0.00% 4.3¢ orion petroleum limited

Companies with cash backing respond very, very well to positive...

  1. 299 Posts.
    Companies with cash backing respond very, very well to positive announcements.

    Now this company isn't just cash backed, but 140% cash backed.

    It has one of the most extensive lease holdings by square kms
    of all the oil and gas juniors on the ASX. And it has a JV in place with a mid-tier oil and gas company in ESG.

    A drilling announcement cannot be too far away. An easy 50%-100% gain here at some stage over the next 3 months.

    I know the real short term traders like to have their money in something where they are confident that the sp will rise within a few days but given the pressure building in this stock I am amazed there arent more punters onto it.
 
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Currently unlisted public company.

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