RE: What do you think is holding this back?18 Aug 2021 22:51
Kutzz - TL makes a point of saying they’re fully funded till well into next year in most of his videos. And that if they want money they’d trigger the warrants that are outstanding with the built in accelerator clauses.
The more gold they find, the more de-risked your holding is. And that’s all the Bod can do - keep finding gold.
Don’t get me wrong, it would have been great NOT to have brought in on the high caused by ramping and no substance. It would be great if ORR had done an ARB and shot up in weeks causing us all to be able to retire.
But the fact it hasn’t isn’t ORR’s fault (well… you could argue the handling of the IAM G drilling back in the early part of this year I guess but… I’ll leave that up to you ).
Markets are down on gold, Orr are in the very early days of finding gold/drilling & investors are looking for a fast buck.
Just my thoughts - if I was a successful trader I sure as hell wouldn’t be posting on here!