Get started
ORION MINERALS LIMITEDORION MINERALS LIMITEDORION MINERALS LIMITED

ORION MINERALS LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals

ORN trade ideas

Our opinion on the current state of ORIONMIN(ORN)Orion Minerals (ORN) is an Australian exploration company which is listed on the JSE (September 2017) and on the Australian Stock Exchange in Sydney. It is trying to find funding for its copper and zinc mine in Prieska. The Prieska mine was previously operated by Anglovaal, but stopped operating in 1990 after 20 years during which it extracted more than 1 million tons of zinc and 430 000 tons of copper concentrate. The main problem with the mine is flooding. Orion hopes to exploit this resource with a mechanised approach and minimum labour. Vedanta Resources, which runs the Gamsberg mine next to Orion's resource, is looking at building a smelter that could service all the mines in the area and even resources from Namibia. Once construction begins on the Prieska mine, they will need to pump out nearly 9 million cubic meters of water from the existing structure. Production is expected to begin in 2024. Mining exploration is probably one of the riskiest investments on the JSE. At 30th September 2023 the company had $15,74m in cash. On 17th April 2024 the company asked for a halt on the trading in its shares because of a "...material announcement on exploration results at Okiep copper mine." On 22nd April 2024 the company announced a "Spectacular High-Grade Copper Intercept at Okiep Copper Project, Flat Mines Area 49m at 4.89% Cu including 10.23m at 12.47% Cu." This caused the share price to jump from 19c to 24c. Investors should be very careful of this loss-making penny stock and maintain a strict stop-loss level. On 25th June 2024 the company requested an immediate stop to trading in its shares pending an announcement. On 28th August 2024 the company announced that it had been granted a key water use licence for the Okiep copper mine. In its results for the six months to 31st December 2024 the company reported a headline loss per share of 0,01c compared with 0,07c in the previous period (AUD). The company said, "The operating loss for the previous corresponding period reflected an unrealised foreign exchange loss of AUD0.51 million and exploration expenditure of AUD6.73 million." In our view, this is a volatile penny stock engaged in a particularly risky venture. On 3rd April 2025 the company announced that Errol Smart would step down as CEO and be replaced by Anthony Lennox with immediate effect.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORIONMIN(ORN)Orion Minerals (ORN) is an Australian exploration company listed on both the JSE (since September 2017) and the Australian Stock Exchange in Sydney. The company is focused on securing funding for its copper and zinc mine in Prieska, South Africa. The Prieska mine was originally operated by Anglovaal, which ceased operations in 1990 after extracting more than 1 million tons of zinc and 430,000 tons of copper concentrate over 20 years. A significant challenge for Orion is the flooding of the mine, which will require the removal of nearly 9 million cubic meters of water from the existing structure before production can commence, which is anticipated to begin in 2024. Orion aims to exploit the Prieska resource using a mechanized approach with minimal labor. Vedanta Resources, which operates the nearby Gamsberg mine, is considering building a smelter that could serve all the mines in the area, including Orion's resources and those from Namibia. However, mining exploration, especially for a penny stock like Orion, is inherently risky. On 8th September 2022, Orion announced that it had secured R34.5 million from the Industrial Development Corporation (IDC) for a 43.75% stake in its new Okiep copper mining company. On 21st October 2022, the company further announced a R250 million line of credit from the IDC. In its results for the six months ending 30th June 2023, Orion reported a loss of A$15.2 million, unchanged from the previous period, with a headline loss per share of 31c, slightly improved from a 33c loss in the prior period. The company highlighted that the IDC had become a strategic funding partner for both the Okiep Copper Project and the Prieska Copper Zinc Mine, with pre-development funding agreements totaling ZAR 284.58 million. In a report for the quarter ending 30th September 2023, Orion updated its Prieska Copper Zinc Mine (PCZM) resource, increasing it to 2.3Mt at 1.7% Cu and 1.6% Zn, including an Indicated Resource of 1.9Mt at 1.82% Cu and 1.70% Zn. This brought the total PCZM Mineral Resource to 31Mt grading 1.2% Cu and 3.6% Zn. As of 30th September 2023, the company had $15.74 million in cash. On 17th April 2024, Orion confirmed the fulfillment of the majority of outstanding conditions for the acquisition of the Okiep mineral rights, first announced on 2nd February 2021. Shortly after, on 22nd April 2024, Orion reported a "Spectacular High-Grade Copper Intercept at Okiep Copper Project," with results of 49m at 4.89% Cu, including 10.23m at 12.47% Cu, which caused the share price to jump from 19c to 24c. Investors are advised to approach this volatile penny stock with caution and maintain a strict stop-loss strategy. Further strong assay results were reported on 24th June 2024, including 9.27m at 3.01% Cu and 15m at 4.80% Cu within a broader zone averaging 1.57% Cu at the Flat Mine East within the Okiep Copper Project. An update for the quarter ending 30th June 2024 revealed that Orion had completed a capital raising of A$7.7 million (~ZAR92.3 million) in July 2024, with funds allocated primarily to progress the development of the Prieska Copper Zinc Mine and advance permitting and infrastructure development. On 25th June 2024, the company requested an immediate halt to trading in its shares pending an announcement, and on 28th August 2024, Orion announced that it had been granted a key water use license for the Okiep copper mine.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORIONMIN(ORN)Orion Minerals (ORN) is an Australian exploration company which is listed on the JSE (September 2017) and on the Australian Stock Exchange in Sydney. It is trying to find funding for its copper and zinc mine in Prieska. The Prieska mine was previously operated by Anglovaal, but stopped operating in 1990 after 20 years during which it extracted more than 1 million tons of zinc and 430 000 tons of copper concentrate. The main problem with the mine is flooding. Orion hopes to exploit this resource with a mechanised approach and minimum labour. Vedanta Resources, which runs the Gamsberg mine next to Orion's resource, is looking at building a smelter that could service all the mines in the area and even resources from Namibia. Once construction begins on the Prieska mine, they will need to pump out nearly 9 million cubic meters of water from the existing structure. Production is expected to begin in 2024. Mining exploration is probably one of the riskiest investments on the JSE. In our view, this is a volatile penny stock engaged in a particularly risky venture. On 8th September 2022, the company announced that it had secured R34,5m from the Industrial Development Corporation (IDC) for a 43,75% stake in its new Okiep copper mining company. On 21st October 2022, the company announced that it had agreed to a R250m line of credit with the Industrial Development Corporation (IDC). In its results for the six months to 30th June 2023, the company reported a loss of A$15,2m unchanged from the previous period. The headline loss per share was 31c compared with a 33c loss in the previous period. The company said, "The IDC to become a strategic funding partner at project level in both the Okiep Copper Project and Prieska Copper Zinc Mine, with pre-development funding agreements reached, providing a total of ZAR 284.58M for Orion’s two flagship projects." In a report on the 3 months to 30th September 2023, the company reported, "Updated PCZM +105 Mineral Resource reported, increasing the resource to 2.3Mt at 1.7% Cu and 1.6% Zn including an Indicated Resource of 1.9Mt at 1.82% Cu and 1.70% Zn and increases the total PCZM Mineral Resource to 31Mt grading 1.2% Cu and 3.6% Zn." At 30th September 2023, the company had $15,74m in cash. In a report on its acquisition of the Okiep copper project on 17th April 2024, the CEO said, "We are extremely pleased that we have finally received confirmation that the majority of the outstanding conditions have been fulfilled for the acquisition of the Okiep mineral rights first announced on 2 February 2021." On 17th April 2024, the company asked for a halt on the trading in its shares because of a "...material announcement on exploration results at Okiep copper mine." On 22nd April 2024, the company announced a "Spectacular High-Grade Copper Intercept at Okiep Copper Project, Flat Mines Area 49m at 4.89% Cu including 10.23m at 12.47% Cu." This caused the share price to jump from 19c to 24c. Investors should be very careful of this loss-making penny stock and maintain a strict stop-loss level. On 24th June 2024, the company reported strong assay results as follows: "...at Okiep Copper Project, Flat Mine East – High-Grade Potential Confirmed 9.27m at 3.01% Cu and 15m at 4.80% Cu within 78m averaging 1.57% Cu." In an update on the 3 months to 30th June 2024, the company reported, "A$7.7 million (~ZAR92.3 million) capital raising completed in July 2024, with funds raised to be used principally to progress the development of the Prieska Copper Zinc Mine and permitting and acceleration of infrastructure development." On 25th June 2024, the company requested an immediate stop to trading in its shares pending an announcement.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORIONMIN(ORN)Orion Minerals (ORN) is an Australian exploration company listed on the JSE (September 2017) and on the Australian Stock Exchange in Sydney. The company is seeking funding for its copper and zinc mine in Prieska. The Prieska mine was previously operated by Anglovaal, which ceased operations in 1990 after 20 years, having extracted more than 1 million tons of zinc and 430,000 tons of copper concentrate. A significant challenge for the mine is flooding, which requires substantial investment in pumping out nearly 9 million cubic meters of water from the existing structure before production can begin, expected in 2024. Orion aims to exploit this resource with a mechanized approach and minimal labor. Vedanta Resources, which operates the Gamsberg mine adjacent to Orion's resource, is considering building a smelter that could serve all mines in the area, including resources from Namibia. Mining exploration, especially for Orion, is one of the riskiest investments on the JSE. The company is engaged in a highly volatile penny stock venture. On 8th September 2022, Orion announced it had secured R34,5m from the Industrial Development Corporation (IDC) for a 43,75% stake in its new Okiep copper mining company. On 21st October 2022, the company agreed on a R250m line of credit with the IDC. In its results for the six months to 30th June 2023, Orion reported a loss of A$15,2m, unchanged from the previous period. The headline loss per share was 31c compared with a 33c loss in the previous period. The company stated, "The IDC to become a strategic funding partner at project level in both the Okiep Copper Project and Prieska Copper Zinc Mine, with pre-development funding agreements reached, providing a total of ZAR 284.58M for Orion’s two flagship projects." In a report on the three months to 30th September 2023, the company reported, "Updated PCZM +105 Mineral Resource reported, increasing the resource to 2.3Mt at 1.7% Cu and 1.6% Zn, including an Indicated Resource of 1.9Mt at 1.82% Cu and 1.70% Zn, and increases the total PCZM Mineral Resource to 31Mt grading 1.2% Cu and 3.6% Zn." At 30th September 2023, the company had $15,74m in cash. Regarding the Okiep copper project acquisition on 17th April 2024, the CEO said, "We are extremely pleased that we have finally received confirmation that the majority of the outstanding conditions have been fulfilled for the acquisition of the Okiep mineral rights first announced on 2 February 2021." On the same day, Orion requested a halt on trading in its shares because of a "material announcement on exploration results at Okiep copper mine." On 22nd April 2024, the company announced a "Spectacular High-Grade Copper Intercept at Okiep Copper Project, Flat Mines Area 49m at 4.89% Cu including 10.23m at 12.47% Cu," causing the share price to jump from 19c to 24c. Investors should be very cautious with this loss-making penny stock and maintain a strict stop-loss level. On 24th June 2024, Orion reported strong assay results: "at Okiep Copper Project, Flat Mine East – High-Grade Potential Confirmed 9.27m at 3.01% Cu and 15m at 4.80% Cu within 78m averaging 1.57% Cu." On 25th June 2024, the company requested an immediate stop to trading in its shares pending an announcement.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORIONMIN(ORN)Orion Minerals (ORN) is an Australian exploration company listed on the JSE since September 2017 and on the Australian Stock Exchange in Sydney. The company is currently seeking funding for its copper and zinc mine in Prieska, South Africa. The Prieska mine was previously operated by Anglovaal, but ceased operations in 1990 after 20 years, during which it extracted more than 1 million tons of zinc and 430,000 tons of copper concentrate. A significant challenge for the mine is flooding, and Orion aims to exploit this resource using a mechanized approach with minimal labor. Vedanta Resources, which operates the nearby Gamsberg mine, is considering building a smelter that could service all mines in the area, including resources from Namibia. Before construction can begin on the Prieska mine, nearly 9 million cubic meters of water must be pumped out from the existing structure. Production is expected to commence in 2024. Mining exploration is one of the riskiest investments on the JSE, making this a volatile penny stock engaged in a particularly high-risk venture. On 8th September 2022, the company announced securing R34.5m from the Industrial Development Corporation (IDC) for a 43.75% stake in its new Okiep copper mining company. Additionally, on 21st October 2022, Orion agreed to a R250m line of credit with the IDC. In its results for the six months to 30th June 2023, Orion reported a loss of A$15.2m, unchanged from the previous period, with a headline loss per share of 31c compared to a 33c loss in the previous period. The company stated, "The IDC to become a strategic funding partner at project level in both the Okiep Copper Project and Prieska Copper Zinc Mine, with pre-development funding agreements reached, providing a total of ZAR 284.58M for Orion’s two flagship projects." In a report on the three months to 30th September 2023, Orion updated the PCZM +105 Mineral Resource, increasing the resource to 2.3Mt at 1.7% Cu and 1.6% Zn, including an Indicated Resource of 1.9Mt at 1.82% Cu and 1.70% Zn, bringing the total PCZM Mineral Resource to 31Mt grading 1.2% Cu and 3.6% Zn. As of 30th September 2023, the company had $15.74m in cash. On 17th April 2024, the CEO confirmed the fulfillment of most outstanding conditions for the acquisition of the Okiep mineral rights, initially announced on 2nd February 2021. The same day, the company requested a halt on the trading of its shares due to a "material announcement on exploration results at Okiep copper mine." On 22nd April 2024, Orion announced a "Spectacular High-Grade Copper Intercept at Okiep Copper Project, Flat Mines Area 49m at 4.89% Cu including 10.23m at 12.47% Cu," causing the share price to jump from 19c to 24c. Investors should exercise caution with this loss-making penny stock and maintain a strict stop-loss level. On 24th June 2024, the company reported strong assay results at the Okiep Copper Project, Flat Mine East, confirming high-grade potential with intercepts of 9.27m at 3.01% Cu and 15m at 4.80% Cu within 78m averaging 1.57% Cu.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORIONMIN(ORN)Orion Minerals (ORN) is an Australian-based exploration company, also listed on the Johannesburg Stock Exchange and the Australian Stock Exchange in Sydney. It focuses on the development of its copper and zinc assets in Prieska, South Africa. This mine, formerly operated by Anglovaal, ceased operations in 1990 after two decades of extracting significant quantities of zinc and copper concentrate. One of the critical challenges Orion faces at this site is managing the flooding that has occurred since the mine's closure. Orion is planning a revival of the Prieska mine with a mechanized and minimal labor strategy. Additionally, the potential development of a smelter by Vedanta Resources, which operates the nearby Gamsberg mine, could provide essential support to the entire mining region, including potential inputs from Namibia. This smelter would be instrumental once Orion commences the substantial task of pumping out nearly 9 million cubic meters of water from the mine to begin production, anticipated to start in 2024. Exploration and mining carry inherent risks, making them some of the most volatile investments on the JSE. Orion's venture into this field is particularly precarious, as evidenced by its fluctuating financial performance and the nature of penny stocks. On the funding front, Orion has taken significant steps, securing R34.5 million from the Industrial Development Corporation (IDC) for a 43.75% stake in its new Okiep copper mining operation and a R250 million line of credit for further project development. For the six months ending 30th June 2023, Orion reported a consistent loss of A$15.2 million, with a slight improvement in its headline loss per share. The company has emphasized the role of the IDC as a strategic funding partner, underlining the critical support it receives for its flagship projects in Okiep and Prieska. Recently, Orion announced a major discovery in its Okiep Copper Project, reporting a "Spectacular High-Grade Copper Intercept" that significantly impacted its share price, propelling it from 19c to 24c. This news highlights the potential upsides of investing in mining explorations, despite their inherent risks. Investors considering Orion should be cautious, given the company's history of losses and the overall volatility associated with mining stocks. While the recent discovery could offer considerable upside, the general advice would be to maintain a strict stop-loss level to manage potential risks effectively. This strategy is crucial in navigating the highs and lows typical of the mining sector, especially for companies like Orion, which operate on the frontier of resource extraction.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORIONMIN(ORN)Orion Minerals (ORN) is an Australian-based exploration company dual-listed on the Johannesburg Stock Exchange (JSE) since September 2017 and the Australian Stock Exchange in Sydney. The company focuses on revitalizing the Prieska copper and zinc mine, which was previously operated by Anglovaal and ceased operations in 1990 after two decades of active mining, yielding significant quantities of zinc and copper concentrate. Orion is exploring opportunities to reboot the Prieska mine using a mechanized approach that minimizes labor, aiming to address the main challenge of flooding that has plagued the mine. This ambitious project involves pumping out nearly 9 million cubic meters of water from the mine’s flooded infrastructure. Production is optimistically slated to begin in 2024. In addition to these efforts, Vedanta Resources, operating the adjacent Gamsberg mine, is considering the development of a smelter that would potentially service the entire regional mining sector, including potential resources from Namibia. This development could provide significant synergistic benefits to Orion's operations if realized. On the financial front, Orion has taken significant steps towards funding its initiatives. On 8th September 2022, the company secured R34.5 million from the Industrial Development Corporation (IDC) for a 43.75% stake in its new Okiep copper mining venture. Subsequently, on 21st October 2022, Orion secured a R250 million line of credit with the IDC. These moves demonstrate a robust partnership with the IDC, which has become a strategic funding ally for Orion’s flagship projects, including both the Okiep Copper Project and the Prieska Copper Zinc Mine. Despite these strategic advances, Orion remains a high-risk investment. For the six months ending 30th June 2023, the company reported a consistent loss of A$15.2 million. The headline loss per share slightly improved to 31c from 33c in the previous period. Furthermore, the company has recently updated its mineral resource estimates for the Prieska Copper Zinc Mine (PCZM), increasing the resource estimate to substantial new levels, which suggests potential for future development. As of 30th September 2023, Orion reported having $15.74 million in cash, indicating a solid liquidity position to support its immediate operational needs. However, the recent announcement on 17th April 2024 regarding the acquisition of the Okiep mineral rights and a subsequent halt on trading due to a material announcement about exploration results at the Okiep copper mine indicates significant ongoing developments and potential volatility. Investors considering Orion Minerals must weigh the high-risk nature of mining exploration against the potential for substantial returns if Orion successfully navigates the considerable operational and financial challenges ahead. Caution is advised, with the implementation of a strict stop-loss strategy to manage potential losses, given the volatile nature of the stock and the exploration sector it operates within.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORNOrion Minerals (ORN) is an Australian exploration company which is listed on the JSE (September 2017) and on the Australian Stock Exchange in Sydney. It is trying to find funding for its copper and zinc mine in Prieska. The Prieska mine was previously operated by Anglovaal, but stopped operating in 1990 after 20 years during which it extracted more than 1 million tons of zinc and 430 000 tons of copper concentrate. The main problem with the mine is flooding. Orion hopes to exploit this resource with a mechanised approach and minimum labour. Vedanta Resources which runs the Gamsberg mine next to Orion's resource is looking at building a smelter that could service all the mines in the area and even resources from Namibia. Once construction begins on the Prieska mine, they will need to pump out nearly 9 million cubic meters of water from the existing structure. Production is expected to begin in 2024. Mining exploration is probably one of the riskiest investments on the JSE. In our view, this is a volatile penny stock engaged in a particularly risky venture. On 8th September 2022 the company announced that it had secured R34,5m from the Industrial Development Corporation (IDC) for a 43,75% stake in its new Okiep copper mining company. On 21st October 2022 the company announced that it had agreed a R250m line of credit with the Industrial Development Corporation (IDC). In its results for the six months to 30th June 2023 the company reported a loss of A$15,2m unchanged from the previous period. The headline loss per share was 31c compared with a 33c loss in the previous period. The company said, "The IDC to become a strategic funding partner at project level in both the Okiep Copper Project and Prieska Copper Zinc Mine, with pre-development funding agreements reached, providing a total of ZAR 284.58M for Orion’s two flagship projects". In a report on the 3 months to 30th September 2023 the company reported, "Updated PCZM +105 Mineral Resource reported, increasing the resource to 2.3Mt at 1.7% Cu and 1.6% Zn including an Indicated Resource of 1.9Mt at 1.82% Cu and 1.70% Zn and increases the total PCZM Mineral Resource to 31Mt grading 1.2% Cu and 3.6% Zn". At 30th September 2023 the company had $15,74m in cash. The share gave an on-balance-volume (OBV) buy signal on 8th May 2023 at 28c but it has drifted sideways since then and currently trades at 21c. Investors should be very careful of this loss-making penny stock and maintain a strict stop-loss level.
JSE:ORN
by PDSnetSA
Our opinion on the current state of ORNOrion Minerals (ORN) is an Australian exploration company which is listed on the JSE (September 2017) and on the Australian Stock Exchange in Sydney. It is trying to find funding for its copper and zinc mine in Prieska. The Prieska mine was previously operated by Anglovaal, but stopped operating in 1990 after 20 years during which it extracted more than 1 million tons of zinc and 430 000 tons of copper concentrate. The main problem with the mine is flooding. Orion hopes to exploit this resource with a mechanised approach and minimum labour. Vedanta Resources which runs the Gamsberg mine next to Orion's resource is looking at building a smelter that could service all the mines in the area and even resources from Namibia. Once construction begins on the Prieska mine, they will need to pump out nearly 9 million cubic meters of water from the existing structure. Production is expected to begin in 2024. Mining exploration is probably one of the riskiest investments on the JSE. In our view, this is a volatile penny stock engaged in a particularly risky venture. On 8th September 2022 the company announced that it had secured R34,5m from the Industrial Development Corporation (IDC) for a 43,75% stake in its new Okiep copper mining company. On 21st October 2022 the company announced that it had agreed a R250m line of credit with the Industrial Development Corporation (IDC). In its results for the six months to 30th June 2023 the company reported a loss of A$15,2m unchanged from the previous period. The headline loss per share was 31c compared with a 33c loss in the previous period. The company said, "The IDC to become a strategic funding partner at project level in both the Okiep Copper Project and Prieska Copper Zinc Mine, with pre-development funding agreements reached, providing a total of ZAR 284.58M for Orion’s two flagship projects". The share gave an on-balance-volume (OBV) buy signal on 8th May 2023 at 28c but it has drifted sideways sinc ehtne and currently trades at 24c. Investors should be very careful of this loss-making penny stock and maintain a strict stop-loss level.
JSE:ORN
by PDSnetSA
A bullish rumble...?Orion's share price has seen a strong retracement, since a wave of initially enthusiastic buyers came onboard, following the news surrounding funding and advancement of their respective portfolio of mines. That said, price may currently be hovering near an attractive re-entry point for the bulls. On the charts I'm tracking strong divergence between the price and the indicators. My hypothesis is that we could see another level of resistance, or a bullish breakout could potentially propel prices further up. Trade with caution, and always consult a qualified financial professional for advice on risk management. I currently remain Neutral (short/mid term) with a Bullish Long-term view. *I do currently hold shares in the company.
JSE:ORN
by mikeonenorth
Bullish Movement "Off" the Volume Profile. In this scenario, I'm using the DMI in conjunction with the AO, & I've tried to pick a reasonable time frame on the days to analyze. I tried to isolate a DMI "Wave" from any DMI (+) or DMI (-) to a next peak/trough. This is to try isolate the market participants and try to capture both their participation in the market. Once located, I take a Volume profile and Anchor the Volume Weighted Average Prices (with their deviations) to the beginning. Next I simply tried to evaluate what the price averages were doing, (using the AO & DMI) I tried to gauge if there was a dominant or clear trend. Rather I tried to also find any time cyclical patterns of those trends. Using this quick evalution "technique". Here were my results.
JSE:ORNEducation
by mikeonenorth
Is Orion Minerals eyeing sustained accumulation? After unlocking and securing a whole whack of funding through a series of various arrangements, I'm asking the question, is the chart showing some signs of life. This week price closed around 21c. While there was an initial reaction to the news, the recent high of 25c has many investors scratching their heads. The accumulation/distribution indicator, will help form my base assumption. - Here the Accumulation is stronger (Bullish). I'd encourage you to research the "Relative Volatility Index" indicator. *Apparently the ADX (DMI) indicator works quite well with the RVI. I tried to make the chart sort of self explanatory, but there are a few blanks you may like to confirm against your own strategies.
JSE:ORNLong
by mikeonenorth
1
Could Potential Copper Demand Bolster Investor Appetite? Using the Parabolic SAR to identify the period High & Low prices, I simply used a Fibonacci Retracement to help further identify historical Support & Resistance Levels. Furthermore, as indicated on the chart, by using a Volume profile between the High/Low prices, the 41c level seemed to present itself as most prevalent. Price currently seems somewhat subdued below the 33c mark, however as the price of Copper seems to be on the rise of late, perhaps a catalyst of sorts could put exploration companies such as Orion Minerals on the watchlist of more investors, under the allure of a High Risk / High Reward commodity play.
JSE:ORNLong
by Mike1North