GREY:EORBF - Post by User
Post by
StanleyTools1on Jul 19, 2012 1:31pm
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Post# 20131728
Buyers stepping away
Buyers stepping away Can't really blame them. Doesn't look like there will be any JV with Rusal or any other major. SGA now looking uneconomic. ORT burning up all the cash going it alone, but inevitably there will be unforseen hurdles. When the money is gone they will be hat-in-hand to Bay St for dilutive share offering with tons of warrants. Bay St has already proven that they own ORT when they got the warrant extension.
Very, very risky stock. No room for error. Stock will go below $1.50 soon.