The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Well, being here for such a long time and let me guess the next RNS title! 'Promising results from a study using Parsortix at the University of XX'. Isn't that circle AN? at least be a bit more creative!!
I bought it at 0.23p today!! This little gem will move fast with the smell of a new contract. But, it is fine, this stock will make us all very very happy again.
I remember, when I was among very few people who were trying to convince people ORCP will do a good job, no one believed it until about a week ago that people woke up.
After a while being silent, this share is doing very well for me. For clarity, I offload some around 0.85p with almost about 30% profit and am not regretting, because, I was investing too heavily here and was breaching my personal investing risk management discipline. still getting to 2p which is the minimum after the LOI can do a lot for me.
I am not sure if we can call it consolidation at 0.8p, this is purely the market expectation for the RNS about LOI. I really hope we get it soon, as otherwise, the share price will fall back again to 0.6s. The COVID 19 situation is getting worse and worse in Pakistan, I am wondering if this cause any delay to the issuing of the LOI and Chinees presidential visit to Pakistan. On the other hand, there is no single hint/signals from the BOD of ORCP. I am getting a damn itchy finger to sell some and bank the profit, I am just resisting!
I think people were expecting the big news to land early this week and got disappointed. I think it will go back to 0.65p if we don't get the news tomorrow. I may offload some of my shares tomorrow as I am sitting on almost 20% profit now. Let's see what happens tomorrow, I don't expect anything happens tomorrow either given the fact that Muslim countries have Friday prays and usually busy with that.
My average here is around 0.61p, and I am also waiting for the spike the same as everyone else. however, by looking at the COVID 19 stats in Pakistan which is going up every day today more than 5000 new cases, I am now a bit more nervous if the electing news is going to be delayed again? any thoughts on this?
Truth is if what was mentioned in the RNS today was leaked from the tweeter, you could see a lot of titles such as 'news is imminent'. Now it has been officially confirmed through RNS and we are in June quite close to Chines president visit and
LOI is just behind the doorstep and you see people are still questioning it! I think still the current price is a STRONG BUY opportunity.
Many are saying today's RNS is not important, as it is a simple admin job, and the HH contribution is insignificant etc etc. Let's put it in this way if there was one last step that should have been taken before the LOI being signed, was this payment. Now, you all de-rampers and all those who are listening to them should ask yourself, could you ever imagine SP on around 0.625P just a few days before the LOI being signed off?
It is your decision, but to me, this is a STRONG BUY opportunity.
I have been here for quite a long time and managed to put together a nice average around 0.61P for a relatively good share size, on top I managed to de-risked about 20% of my ORCP shares with my "floating strategy". Hence, I can cope with some short term seller storms. I am patiently waiting for at least 2 bags when the LOI lands here. Considering the falling storms in Covid 19 stocks I kind of feel a flow of buyers will arrive here soon. This would take the share price to 0.85p to 0.9p sooner than you think.
looks like someone sold about 6.5 mil in periods 1 min between each trade and then bought 1.5 mil back? If this really happened hoping to gain something I would like to call it the stupidest move in the market today !! You became my smart a**s hero of the day right in June which a flow of news is expected, legendary trader!!!
I might be totally wrong though, and this is not just one person.
The problem is those desperate investors who are blaming the board for not releasing one RNS a week, are those who actually want to sell and dump this stock, not the long term investors, that’s why we see a very quick fall in a few minutes after a rise over the last few weeks. However, the board can help them to go away by releasing some mid term updates before the main one, as otherwise, we will see a long queue of sellers which will bring down the SP after the main news land.
Those who used this spike to sell, wishing for a cheaper re-entry, you will regret and have to come back even higher than what you sold today, unless you banked some profit and decided to say goodbye to this stock which is fair enough.
Holders, wait a bit more until the next RNS which hopefully will be early June.