TSXV:OSU.H - Post by User
Post by
UKGeorgeon Aug 06, 2008 4:47pm
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Post# 15363315
Orsu
Orsuyesterday looked like panic selling to me, it was all looking pretty bad such as yamana down 10% and gold dropping hard, down to $870. This i think was what explains the quite high volume for yesterday. Today is back to the normal drifting down on little volume at all, which means its no one in the know who is selling. so prob just a few holders who need funds or are just plain sick and want out.
i see little to no reason to give up on this share now, the mine is built and they are selling both gold and concentrate. I would be adding but have no funds availible in some ways i hope it stays below a dollar for a couple more months so i can accumulate more.
The new management seem to be getting on with it and im happier with the new London team they answer emails, and the phone which is better than the last lot. Also they ordered some new dumper trucks to get the mine running better and we now have the potential up side from the new sites.
it would be nice for some of this value to be shown in the share price but the mkt is in a right mess and the masses still are not into gold yet. also few people have any spare cash for speculative positions at the moment and untill the tide has turned there is little incentive to jump in to any position, even if the share is so obviously under valued.
role on full production or even 80%.