Orezone Gold Corp T.ORE

RE:Volume

[gold_diggers1]

bulgar wrote: Considering the huge drop in the trading price the trading volume is not high, that means the serious money is not selling just the small traders, probably all nervous retail and day traders. If the insiders or institutional money was leaving the volume woould be much higher. Going to be dissapointing for a while but long run most of the damage will be recoverable.

What a bomber!!  Too bad for whoever bought in the recent PP at $1/share... let alone those bought in the $1.20s.....
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But whoever bought in the PP at $0.50/share back in March this year is still up....
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If ORE had 5MM oz before, then it's now has only 3.5MM oz.... Wait to see the new revised plan and resource update.... Long term may still be good..... but short term.... it's a pain.....
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I don't own any.... but will buy some if it drops further.....
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GLTA longs here
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Based on the anticipated reduction of the measured and indicated oxidized resource, the company also expects the oxidized mineral reserves, calculated at a $1,100-(U.S.)-an-ounce gold price, to be reduced by about 30 per cent. This represents a material change to the initial scope of the project, and the company plans to revise and release the phase 1 feasibility project economics as soon as possible in order to determine the next stage of development for the project. RPA is expected to deliver the updated 2016 resource statement along with a fulsome comparison with the previous 2013 resource estimate by Sept. 7, 2016.
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