Hi all; just curious about the near 25% drop in ORN share price this week. It seems to me that the sale of the mining rights by ORN is a cash-raising exercise to focus on the main goal of discovering "world class precious metals" which I think is a good thing. This doesn't seem to be the view of investors dumping the stock. Having held this for a long time now, it all seems very repetitive; no doubt it will shoot back up again when the board releases another "boy who cried wolf" statement to the market declaring "we found what we are looking for (sort of)". I'll either make a killing on this or lose everything, has anyone got a view?
What's happening then?
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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 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| ORN (ASX) Chart |