Its understandable.... But the possibilities of it spiking up just like it dropped are decent... not high but decent. A RNS is set to be released soon (if parties stick to there words) - this will allow us to generate a more analysed and informed perspective on the future of ORE
There was a big II presentation last October which Guy insisted had gone extremely well! share price at that time was proabably about 0.030! Placement for 30% of shares issued at 0.011 does not go down to well 1 year later! M:
dilution-the co has to raise the money from somewhere as it has no income (not producing). s price is now up to the BOD to raise confidence and create interest. buy shares themselves and get more institutional investors on board and make the next few months RNS's absolutely transformational. then a climbing sp will create more interest and momentum will gather. the sp langusihing at these levels is no good. 1p + will restore confidence in the company and the board imo.
The equity deal was a must... we need to raise cap in order to fund future projects... especially in circumstances where the idea of issuing shares as payment is rejected by the contractors due to the precedence of this company... we have faith but someone just looking at the stats and figures would consider this a high risk - maybe once further clarification is recieved in terms of the recent gold finding we might be in a better spot with high interest.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.