Collie, if the bid goes down to 0.4 from here will you acknowledge that the posters who have been critizing Orogen and stop posting? or will you just keep posting that rubbish until the company is no longer, then what are you going to do, appologize to all the sheep who seem to only want to hear positive views. M:
So you have no regard or respect for those still invested here. You clearly do not understand the potential of Mutsk, the grades are on a par with most open pit mines and they are falling over the stuff......it's a no brainer in terms of their decision to focus on the most cost effective means of maximising shareholder value. As have stated previously, rather than ranting and crying why not support your comments with reasoned debate supported by facts and research..............for instance why are they in a horrendous mess?. Do yourself, and everyone else on here, a big favour and just move on.
No. I was invested here until it was announced they were no longer focusing on the Serbian mines. I still can't believe that, all that time and money invested there, the gold grades in some samples were amazing and they sack it off to start from scratch elsewhere? It was a disgrace. It just heightens my belief that ORE directors have no plan to ever mine gold - they just want to issue shares to draw more wages from without doing much.
Yes I am in MAGP and it's a dog of a share but again it looked like having huge potential. They are ever increasing their production and growing but it has fallen 80% in SP over the last two years despite all going well.
I hate the AIM markets. I have lost a lot as I am sure many others here have too.
I don't mean to cause offence with my scathing comments but you can see from the two SP's of ORE and MAGP that the SP has fallen massively in the last two years and of course many of us are angry. I know if you have money here you don't like to read negative comments but you must know that ORE are in a horrendous mess.
shorter...???......don't make me laugh.....he hasn't got a clue..!! clearly piled money in here and elsewhere without doing any meaningful research...openly admitted that he only invested in AIM because of what he read on the chat boards.......no wonder he's lost his claimed pile of money...!! he clearly doesn't understand this company or the sector in general, as he seems to be upset that we abandoned DJ in favour of Mutsk with its 'pathetic grades'...??????.......he clearly doesn't understand that to pursue the 'jackpot' at DJ would take 5 times as long to define and 10's of £millions in drilling due to the fact that the veins, although on the whole are very high grade, it's the narrowness of them that would make defining a resource nigh on impossible for a fledgling company like ORE.....unless of course they constantly placed shares to fund the project for the next 5-10 years, but CJ39 has stated before that he doesn't want to see that (at least we agree on something) either, so what would he have them do....???? I have always stated that the company made a very brave, but correct decision to concentrate on Mutsk where although the grades are significantly lower than DJ, the widths of the veins are huge. Far easier to define a proven resource there, which would then give the company something to back up whatever the mcap (sp) would be at that time (far north of present) for either funding to progress towards production or sale of the proven asset with an actual value. What CJ39 doesn't seem to grasp is that the grades thus far are actually HIGHER than the present avg grade of ALL million+ oz mines in production today, so to call them 'pathetic' is just plain wrong..!! I personally view this as a perfect time to be adding as many of these shares as possible if you can afford to put them in the bottom drawer for the next 18-36 mths while they are valued so low....somewhere in that window we will have the initial JORC for Mutsk and at that point we will have a rerate to reflect the value of the proven gold in the ground....I would think that the price of gold will be north of where it is now due to the seemingly endless shorting in the gold market driving the price down, which is having an impact on the amount of gold actually being brought out of the ground, by means of high cost producers closing down operations in the present climate, which in turn at some point will ironically drive the gold price soaring due to demand far outstripping supply. At that point it will be the likes of Mutsk (large, shallow depth resource) that will be very much in demand and should make any shareholders in ORE very, very happy indeed......I for one am going to be one of those shareholders....!!!
Correct. The constant berating of any share and spreading fear will drive down sp. Markets can be affected by fear and rumours. Clearly the 1539 post is designed to just do that. Anyone with pure negativity should not be posting. If someone doesn't like a company or share then move on and go somewhere else...unbiased and informed views are welcome or even views with a positive note but not doom and gloom please. Thank you.
Are you still invested here?, your free to express your opinion but would you mind elaborating rather than just ranting. I see that you also appear to be drowning with MAGP and have expressed similar derogatory views on that thread, if you can't handle the heat get out of the kitchen.........Or stop crying!.
This is the lowest SP by a long way that I have seen ORE at but the market cap gives ORE a value of £2.3m and to be honest ORE is not worth anything like £2.3m. It's not worth anything to be honest. Don't be fooled into thinking this very low SP means the only way is up, I can see this going down to about 0.025p. It's an absolute dog of a share. I still can't believe they spent years working on the Serbian mines only to stop and focus on a Mickey Mouse mine where the grades are pathetic. This company is run terribly.
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