Tuesday, November 21, 2006

Ord River Resources - Can they be trusted ?

Ord River Resources have announced a major copper find in Western Australia with a supposed potential to become one of the biggest in history. But lets have a look at the report as there has been a number of recent over inflated reports by various companies on their exploration findings. For starters no drilling has been undertaken, and the major announcement was based merely on surface sampling of rock chips. The share price of the company rose 65% to a high of $A1.10 on 20 November 2006, before closing at $A0.96

Once again we see a company speculating without any real proof. Personally if you like speculation jump aboard. But if you want to invest rather than gamble you really should steer clear until the results are conclusive.

Good Luck Investing.

1 comment:

Anonymous said...

Hi Paul,

I have a strange feeling that it will become the biggest find in HISTORY!


Good luck to all who jump onto this!