Finally Some Investor Recognition is Starting
Probably because the ORX stock price has doubled in the last month and a half, and how many other stocks have done that in these troubled times? Probably because new investors or speculators have suddenly found ORX with a scan asking what stocks have recently increased in price. Probably because the price of gold has risen significantly making properties owned by ORX infinitely more valuable. To those new comers, welcome aboard. Incidentally, thanks developbc for sharing your information the other day that discusses the Mistango River area of which ORX owns about 30% of. But Mistango is but one small dimension of ORX considering it owns many more properties. For those new comers buying because of your scan. It's not that the price of gold has increased over time, its because the value of money has diminished so much. Witness all the deficits globally by virtually every country in the world and that was before the covid 19 outbreak. As well, debt continues to rise, whether it be personal, sovereign, student, or corporate debt. Well ORX has zero debt. Many gold companies now hold little or no debt, thanks to recent price gains in gold, however, their in ground gold reserves are steadily declining, and there hasn't been much drilling in the past 7 to 10 years that determines where the gold actually is, and helps determine the remaining timeline of the mines. If the price of gold was allowed to fluctuate like in a true market activity, it would resemble the price chart of bitcoin, (which is currently about 9,000 U.S). In summary, the higher the price that ORX goes, the more options that it gives Stephen, and even perhaps how much drilling that ORX can do, since I wouldn't rule out if more money can soon be raised to increase the drilling.