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Domwah - when the news was announced on 4th Aug, the share price jumped from 11.5p of the previous days close to an opening price of around 12.5p, thus creating a gap when you view the movement of the share price on a technical analysis chart.
Sometimes when a share price spikes up and a subsequent retrace begins, some Market Markers/traders wait until the share price returns back to the price prior to the spike (or a price as close as possible to it), therefore ‘closing the gap’ in the chart.
Today’s price action showed that at around 12.3 to 12.5p, buyers were happy to buy back in volume. GLA
The results from core 07, shown in today’s Twitter post have already been reported in the RNS dated 16th June.
They did this last week with core 08, tweet photos of cores which results have already been reported on to pump the price and then when the next set of results comes out, people are confused why they don’t correlate, which we saw on Monday with a 20% drop in share price.
I find this method of publicity disingenuous and therefore I’m now staying away
The fact that ORR has dropped by nearly 50% over the course of three months is intriguing considering that, as someone pointed out earlier, the projects are advancing and overall the fundamentals of the company are looking good.
Overhyped? Under delivered? Sentiment gone? Who knows?