RE: MM smash and grab over4 Dec 2024 21:48
You not think a re-rate has not already happened? The market cap was around £1m for abit.
It is now £3.5m. On the strength of what? 20% of a project where the 80% owner has a market cap a quarter of ORCPs and has moved an penny since the ‘big’ news dropped. I hold here and have for years, but the rise was well overdone, I hold a small amount now and sold near 0.60p I’ll re enter at some point but now while 20 news names constantly ramp it up, on about diamonds and Thai block.
ORCP has many projects which could propel the market cap in the the £10s of millions. But judging on past history and Naheed, all she has achieved is consistent dilution, getting lower and lower each time for paltry amounts.
If Thar, GH, Solar or this 20% gold come good then it could create fireworks. The gold is years away from anything and 20% could have been 100% with exploration done by the company as they had funds.
Logically it’ll probably fall back down as the names in here are fewer and people have seen through the ramping.