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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Bullboard Posts
Post by thegoldenchildon May 19, 2009 2:58pm
335 Views
Post# 16001536

Day Traders

Day Traders
I can understand that the day traders have to close their positions before the end of the day but I'm still trying to make sense of the millions of shares that traded last week at 0.11$. This stock should be at least trading in the 0.30$ range prior to the resource announcement within a few days or week at the latest.

There is no logic to the shares that traded last week at 0.11$ and soon the shares trading at 0.20$ will begin to look like another mistake.

I think that with the resource announcement of anywhere from 2-3M Oz Au, we will have a new group of long term holders that will create a new solid base of hopefully somerwhere closer to the 0.50$. A new financing can be done and with cash in the till, gold closing in on the 1000$ per Oz and all the other stars aligning, the 1.50$ /share evaluation shouldn't be too far away perhaps within this year depending on how they market the project.

Without a doubt OX shares will now be in stronger hands and this stock is following it's course to become the investment of the year. This has got to be the no brainer pick of the year.

Good luck to the longs, thank you for the day traders and may the fundamentals guide this stock and make the patient nasty rich!

Bullboard Posts