Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well, in this particular case, I can not blame anyone except Naheed. It was terrible timing for the recent raise. The market was expecting some good news and it was going up. The volume was increasing and on the same day of releasing some interesting news about a very massive potential buyer of GH, bang we heard an announcement about a new placing. So, however, in my view the potential is still there, the customers are still there, and even the placing itself is a kind of assurance that the company has big potential, a bad decision from the board is leaving us in this mess.
Come on Naheed, do something for the loyal SH as you promised in your talk.
We all have been waiting here for such a long time and this placing to me is just an assurance that the projects are moving forward, and people are still willing to invest in ORCP. This is a good amount of money which is assuring the working capital.
I think by the end of H1-23 we all will be jealous of those who bought at this level.
What a beautiful price some people took today. Easily return 50% in a very short time I believe. My lowest top-up was at 0.223p a while ago. I never can get the bottom. This may (Hopefully) turn back to the Friday closing price by the end of today.
As I said last week, TA shows an upward trend at least to 0.3p first target. Just have a look at the Bollinger bands on the daily time frame. It is opening nicely, even the weekly Bollinger bands show the state of opening. In both timeframes, 0.3p is a kind of resistance. Could we get a news catalyzer to break this resistance for good?
I understand when the volume is low the TA may not be accurate and particularly when the market is waiting for good driving news, but could the potential of this stock and expectations be dominant and increase the buy orders?
However, this stock is probably not moving much unless some form of good news comes out. But looking at the chart gives the idea that the market is ready to hear some good news. After the break out of the downward trend at the end of October, the stock experienced a pullback that was a classic pullback. Now it is forming a good base and the EMA 8 and EMA 20 are crossing again on the Daily chart. The MACD indicator also shows an upward trend, and some good volumes over the last few days suggest that the market is ready for a fast and massive breakout. There is resistance at 0.3p to 0.35p which I hope the news is good enough to break this resistance very fast and the more important resistance will be 0.5p.
Come on Naheed boost the stock with a series of good RNS.
Good buying force, I am wondering when the breaks will be off! One good news can double the share price in no time, and we can get that piece of news from different fronts. I am holding patiently, and I hope we all get rewarded soon.
There will be some form of update soon one way or another. Given the market reaction to the drop and fast recovery today, and certain individuals that want to scare people with their comments, one would think they are trying to get to the bottom and fill in their boots.
So it looks like a good buying point then! 0.2P historically is shown as strong support on the chart. There is short-term resistance at 0.3P and I hope with the next good news this will be broken for good. Upward is the direction IMHO.
Would we pass this point before Xmass?
All I can see in the next year for ORCP is a range of different good news from different sides. I just bought some more now and will be patient to see this again above 2p.
Those who are invested, please tell me what is the next big news you are waiting for?
another 10% for today and am happy. We leave the next 50% for tomorrow. Happy days are coming, no rush!
Recently we have heard a lot of good news from ORCP, however, the share price is still drifting! I remember the SP was at least 3 folds higher when we just were hoping for the LOI in August 2020.
What kind of news can improve the SP? ORCP is moving forward on different fronts, but I don't know why the SP is not catching up. I was expecting a very hot August and the recent fundraising news just killed it.
I hope the board start to do something about the SP, as it is quite painful at the moment, especially for the long-term holders.
Takeachance 1,
I agree this is a very promising RNS, it shows the directors' confidence going forward.
But, the market is acting wired recently. There is a lot of hypothesis for that, hence it is not just ORCP performance.
It will catch up at some point, I would have topped up here if I had some cash though.
That is a huge RNS, and the when market awakes, there will be a big SP rerate. GLA
My buy 55334 shares shown as sell :(