Comment by jfan22on Mar 30, 2021 2:17pm
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Post# 32907131
RE:RE:RE:Nice day to pick up cheap shares
RE:RE:RE:Nice day to pick up cheap sharesYes, we are basically where we started but that doesn't mean we'll stay here. You seem to be insinuating nothing significant changed since ES stepped in but that is not true. We are drilling, we have cash and gold is higher then it was. ES being involved also lends a lot of credibility to ORX's team and story.
2 cent improvements is not all that has happened. The share price peaked at $0.26 (420% higher than $0.05) and traded for quite some time above $0.15 (+200%). I personally took profits around the peak and I'm sure many others who were in before Sprott did the same.
Now that we're again trading at levels that ignore ORX's value, it makes sense to significantly expand my position. I believe others, especially long time investors, feel the same way. Yes, the sentiment is sour right now, but successfully trading is about identifying value others haven't yet identified. If this sour sentiment drives prices even lower, I will happily keep expanding my position. The lower it goes, the greater the upside leverage will be and downside risks get increasingly small. ie the lower it goes the better of an investment it will be.
Your negative posts always seem to focus on others' sentiment and never on analysis or ORX's business.