RE:RE:Cheerleaders: Why the F can't the shares hold $1.30????1. The entire gold mining sector is still out of favor. But, with the rising gold price - if it continues - things may change. Compared to most of my gold mining stocks, ORE's price has held up better.
2. ORE is a single mine company in Burkina Faso. African projects have lower valuations. BF is considered high risk, but as noted, it's location close to the capitol and a military base, reduces that risk substantially, but most investors don't understand that. The terrorist activities are concentrated in the north, altho a few have been not that far from Bombore.
3. Given the low trading volumes, perhaps a potential acquirer is keeping the price low, to make it easier to acquire.
4. All that historical dilution has permanently destroyed ORE's value. (Joke)