Heres the thing....Im confident that this is a temporary lull...hell, even if it isn`t Im keeping my shares untill atleast i can sell at a profit. If that takes another month or another year, its the way the ball bounces, but Im confident the share price will go well above these levels in the near future.
Heres the thing though...What i dont like are these Junior companies who constantly miss deadlines. The way some of these juniors are managed is either by incompetance or manipulation of the facts. Companies who can reliably stick to time tables generally go for a premium. Im tired of the ``its out of our control`` arguement. You should be planning for set backs and delays and adjust your time tables accordingly. If you could not forsee the events which led to the delay(s) then you are incompetent and incapable of managing the company. If you could forsee the delays and say nothing then your manipulating the release of information to share holders. I don`t care if you missed a deadline by only a week. The point is you missed it. Either way your not fit to manage. NEXT!
I watched the recent Orex video talking about the end of May, i read the news releases stating early June for additional info about the 43-101 etc. Aside from the dates given i liked what i saw and chose to buy in. Now it appears as though sometime in July is the soonest were going to get anything. The share price seems likely to only drift lower in the mean time. As others have noted, both pro and con, alot of eyes watch this stock regularly now. Day traders came and went and the ones who had the guts to stick it out this long are sitting on their shares thinking about getting out of this. Its not what they signed up for.
Frankly I hate day trading, I re-evaluate my positions every week and depending on the volatility of the market in general, usually every month or so. With that said...Im not oblivious to the clear impact day traders have on todays market. These traders live to get in...and out on a bull stock daily. If we ever want to see substantial gains on our very own Orex...we need them.
The problem is Orex has a long, long history of missing deadlines...Oh an whats the point of drilling in 06 and then 3 years later...no wonder this stock went no where for so long. The latest news release would have Orex investors believe that an agressive tone will be taken with further exploration and drilling from now on. Its great to hear. Frankly I love hearing that kind of talk out of an exploration company, but Orex has Zero history of ever actually following through on schedule any of its little time tables. Thats disheartening and kills credibility.
Theres tons of stories out there, lots of so called deals on stocks trading near lows and yet other stocks who at the very least keep investors informed and follow a clear plan on a well outlined time table... Orex does none of this. Madolf was a great talker too. Im sure he could sell ice cubes to eskimo`s...
My point is Orex needs to start actually following through and grow up abit.
I`ve been screwed around by junior companies many times before and this feels erily familiar.
I love this story, its why i bought. Im going to hold (my breath too) and see where this goes. I have a feeling that as soon as i can move on i will. I invested because of the story and the timetables laid out. So far the timelines weren`t worth the paper they were written on, lets hope the Orex story proves to be alittle more positive. If i had known the timetables were so worthless then I would be just another set of eyes watching this from the sideline.
This seems like a very transparent attempt at boosting the 60 trading average to get a higher financing price on their next dilution. If one thing is killing this stock over an over again through the years, its management and the new guys dont seem to be any better. They are using a new twist on an old trick, but its actually going to have a negative effect as far as share price goes. When you catch traders, it cripples your stock for quite sometime....unless results somehow surpsie everyone. No chance of that now.