Wednesday, August 14, 2013 2:02:27 PM
I have a bunch of shares here, that I got at an average around .20--- so I am losing too.
But I am encouraged that Gold Fields Limited just bought 25 million shares at a price of .40/share (They also got 12.5 million warrants to buy more shares at .50 for their $10 million investment, but I digress)
If Gold Field Limited, a highly respected and profitable mining firm, thinks ORSUF is worth more than 4 times its current market price, I am going to hold on for a while longer.
It certainly seems to me that Gold Fields is not paying .40/share because they believe in charity, but because they think ORSU is worth MORE than .40/share!! Much more.
So I'll be patient a while longer, until this pays off.
To be fair, when I bought in, ORSU was a gold play, and now it is almost a pure copper play. Neither market has been strong, but I think long term, copper will be fine.
As will ORSUF!!
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