Has dropped seriously since i 1st invested, if ide stayed i would have lost more then i did when i got out a few weeks ago, so why are people Ramping this so much and yes Steba does have a point, it could drop more
I could not care less if someone comes on and slates this share if they knew what they were talking about, you clearly don't. You don't have to be producing product for a share in mining to be of substantial value, in fact far from it. This is currently a low cost share with high potential rewards. The first set of rewards will come when the company has something it can take to the bank. For your education the company has probably surpassed the Inferred Mineral Resource stage, this in simple terms means Low confidence estimates of Tonnes, Grade, Mineral content, so basically they are trying to look at potential volumes and discussing options. The current drilling should be a significant and reasonable confidence estimates of Tonnes, Densities, Shapes, Physical characteristics, Grade, Mineral content etc or in JORC terms Indicated Mineral Resource.. This is the point when serious investors and banks or funds start to become interested and really make their stake, however to move from a Indicated Mineral Resource to a Probable Ore Reserve the company needs to show economic feasibility buy deciding how best to mine the asset and show they have considered other issues such as, Diluting materials, Allowances for losses, Mining considerations, Metallurgical considerations, Economics & Marketing, Legal / Environmental / Social / Govt. issues. Now forgive me if I am wrong but I believe most of this has already been pro-actively managed but the ORE BOD? finally and If they believe it warrants it they might want to give a high degree of confidence at the Measured Mineral Resource stage and produce further estimates of Tonnes, Densities, Shape, Physical characteristics, Grade plus Mineral content. Finally if the have not dotted the I's and crossed the T's they can show a Proven Ore Reserve, with a clear demonstration of the feasibility the economically mineable part of Measured Mineral Resource, considering: again Diluting materials, Allowances for losses, Mining considerations, Metallurgical considerations, Economics & Marketing, Legal / Environmental / Social / Govt. issues. However if you are thinking of investing at this point you have probably missed the boat already, probably the one you are sailing Steba!
Listen pals, I can understand you aren't happy when someone comes on and slates the share you have money invested in, but how can you disagree with me that this is not a good investment right now? You know, I know, your dog knows that there are real funding issues with ORE which will almost certainly mean yet another dilution of shares. There is also no exciting news in the pipeline such as finding out grade golds or any sign of mining production taking place for at least another year. I just don't see why this will rise from here in 2014. It really wouldn't surprise me if the employees of ORE are down the mines playing cards. They just don't seem to be doing anything. If this rises past 0.20p in 2014 then I will eat my hat. Expect this to fall to 0.13p sort of figure.
Got my 0.19 buy in today as I predicted,i always said this would drop,and it could drop more yet but that's how the markets are at present,but I called this right again. But I expect this to make me a profit in the medium term,good grades at that Serbian placeifmore news comes from there I expect a bounce good luck to myself and others here.
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