Member Info for Hardy78

I really don't understand how these people can make any money trading in this way.

Highly likely that Monday's IAMGOLD update will be a game changer for ORR. I suspect the Twitter crew will be ramping accordingly then!

All the best for next week folks

Or alternatively, those who have taken a position for drill results have already done so and the rainbow chasers have moved on?

That’s the way to do it!

I suspect if people haven’t already taken positions, they will do tomorrow for the IAMGOLD announcement next week

I suppose it doesn’t help when you get someone buying 833,820 shares at 09.54 and then selling them for a £400 loss later in the day.

It amazes me that there are people daft enough to throw away their hard earned in such a manner

Sam - bit of a strange reaction considering the SP has risen for the sixth consecutive day in a row. Nothing rises in a straight line and there will be sellers on the way.

I find it strange that people are selling up when IAMGOLD will be updating the market next week, but there you go

It looks like people are still trying to trade it before the IMG update. They might end up getting locked out at this rate.

it's walking the upper bolinger band on the 2 hour chart now. Stoch is good too.

GLA

Looking like 0.41 which was the previous resistance level, is now providing support. SP is also walking the upper bolinger on the 3 and 4 hour charts. All is well

Thanks. There was no skill involved, just saw it was cheap and bought a load!

Saying that, I missed HEMO when it was down around 1.6 a couple of weeks ago! You can’t win them all. GLA

Full disclosure - I took a wedge off the table when it got to 0.44-0.45 to sell.

The rise has been quite fast on no news over the 5-6 trading days and I get a bit suspicious when the Ramp crew arrive and then go suspiciously quiet. I've been in since the 0.19-0.20 level during late March so it's all gravy to me from now on.

Will buy some more if it drops back to around the 0.4 mark. GLA

Last trade of the day was at 0.41 apparently, though it hasn't been printed yet.

Bodes well for the rest of the week. GLA

The person who bought 718720 shares at 08:54 sold them for a £400 loss 30 mins ago.

Utter madness - how do day traders actually managed to make any profits?!?

Beardozer - I admire your enthusiasm, though I suspect 1p tomorrow or even by the end of next week is a tad unrealistic.

What we do know is that IAMGOLD will releasing an update around the 5th May and if that includes positive news regarding the Boto mine, that will be a huge plus for ORR. It’s public knowledge that IAMGOLD are currently recruiting for the Boto project, but to see an official update about commencement of production will give the ORR SP a real shot in the arm.

We also know that someone just bought 9M shares on Thursday. That reduces the free float of shares in issue and will make buying harder and will increase demand on the market.

We are also due test results on two projects, one which was due end of Q1 (so is late, presumably delayed due to Covid-19) and another ready Q1/Q2.

Finally, the price of gold is just going to rise and rise, especially when governments around the world will be launching huge quantitive easing programmes in relation to the global pandemic.

Basically, there’s plenty of reasons to stick around in ORR, especially as it’s currently MCap is vastly undervalued. GLA

Yup, could be our man Karl. You don’t buy just under 1.2% of a company in one trade unless you’re confident in what you’re investing into.

All the best for next week folks

Delayed buy trade of 9M shares at 0.3544 just popped up - bodes well for next week. GLA

Which will be first to 1p - TYM or ORR?

No sign of the Twitter crew today though... *shrugs*

Certainly does mate - I can remember when it was just you, Polinvest and myself talking about ORR!

Larus - I've been in ORR since it was at 0.19 to buy, so i'm not sure what you're on about mate