In my opinion the following will happen, shareholders will not participate in the capital raise due to the poor share price and lack of information which means management ( underwriters ) will be forced to take up the shortfall. All of a sudden we will see positive information being released and the share price will turn around and the underwriters achieving solid gains. These guys have to much good property to not get good results . The last results from drilling were not to bad certainly not terrible. Only a little bit of positive news will lift the share price, this company is tightly held.
It will be very interesting to watch this play out.
same old story, page-2
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ORN (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| ORN (ASX) Chart |