I am buying at these level.. over-invested here and took a big hit from 21 to 11 (ok after coming from 4 this March). This oversold situation is too tempting. We should be bottoming.
Yes. could be some attempts to lower more than normal the pps before a take out offer.. but anything below 17 CAD (13 usd) would be doubtful imo as the recent secondary sale of Orion was at 17. Whish would still be a bargain price !
Some points: - insider buying at these levels. Some directors bought the past days. - Last quarter was below expectation but still 0.33cad per share... so 1.3 cad year for a current pps of 11.5... - New guidance is now lowered to a lever which should be easy to meet... - Market is giving no premium at the moment for the exploration targets... Raven is providing good numbers up to now... Last PR release went unnoticed due to the FS release... IMO bad idea to post them between the FS release and the conf call. I guess they thought this would sustain the price....
Having added 15% to my main position will prove to me a smart move by 2Q next year.
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