The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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
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
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
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