RE: Rush for the Exits?7 Feb 2025 16:08
I would suggest 60m shares have been sold today in batches of 2m/1.5m/1m - it looks like Lanstead - no idea but this selling is not your normal retail investor trades, also bashers have appeared over on the other site. Despite what ORR's CFO said historically Lanstead have no interest in seeing the share price higher.
Posters have continually suggested (from .30p's) the shares are great value, they are down circa 65% from the intra day high of .57pm reached last January however they just keep dropping.
Does anyone remember that rather pathetic online media outfit dissing the company (in Q3 last year) with poor commentary, that seemed to start the rot, once again, the company could have come out and rubbished it however they decided to remain silent.
Yes ORR could do a lot more to promote the value proposition, no-one is interested in Director profiles or glossy photos from functions, what shareholders need to know is how and when they intend to deliver monetary value from the plethora of projects, both current and legacy.
Like I have stated many times, the market is only interested in corporate activity, management have a suite of opportunities to do deals but since the JV with BCM 12 months ago little else has happened on that front.
Maybe the CFO should buy some shares, after all he has not made a market purchase since the Lanstead deal was announced !