ORIONS Money Stocks

[oldberkeley]

BAA- Just my two cents, FWIW.

I don't think the market has had time to really digest and understand the news; perhaps those experts who do fully understand it are using this kneejerk reaction as an excuse to unload their shares on new retail buyers, I don't know.

Yesterday's PR announced a very complicated business deal dependent on a lot of unknowns: future world gold prices; the actual amount of gold in their mines (all small natural resource companies are notorious and habitual...shall we say exaggerators); the political situation in the Congo; physical problems with their operation (they have a big one at their new Namoya mine). This just names a very few.

IMHO they gave away the store to buy a few more years existence: no surprise, commonly done.

I hope everyone here makes a mint trading this, but I think it's rapidly going back to sub-.20 and then down & down from there.