Not much point until August passes, then see how the land lies I reckon. See if ORE does stump up the cash for the additional earn-in on Mutsk. My feeling is, if we don't stump up, then maybe the 3D model has revealed a hologrammatic turd. Lol.
In fact, the MoU itself wasn't very detailed either. I'm beginning to wonder if the whole set-up here is a scam of some sort.
Only my thoughts, I'm in no way saying that it is a scam, but we have been given no reasons for the woeful performance leading up to the appointment of Mr Bird. Since his appointment, the sp has only consistently diminished and we are faced with an almost identical situation with regard to the newsflow.
I can't find that either. I see the JV with Georaid replaced the previous MoU. We had details of the MoU, but the JV was supposedly drawn up in February 2014. It has only been mentioned generally in a couple of RNS releases. We don't seem to have had a specific RNS with the details of the JV. That in itself is shocking. I would suggest therefore, that the Bankable Feasibility info with the part about issuing further shares to Georaid could well be and in fact should be contained within the JV.
Either way, we haven't been directly informed about it.
Question, have we given Georaid their additional shares yet? I cannot find the agreement to issue more shares in any of the RNS statements, yet the website shows the message below in bold? am I wrong or is this important new information?
If a positive Bankable Feasibility Study is obtained on the project, then Orogen will issue further Ordinary Shares in the Company to the Georaid principals to a value of US$300,000
have you seen the new look website http://www.orogengold.com/ The investor news has been designed to hide the appalling history of non delivery. It looks like they are getting ready to go back to the market to ask for more money, and hoping investors don't look past the first page of investor information.
I think it's simple. We need good news really soon, otherwise we are screwed. The sp continues to fall with currently no attempts from Bird to prevent it. No news though indicates to me no activity. Unfortunately.
Seems like those in charge are just fed up with it all and are happy to get paid until the inevitable happens. Running ORE successfully is beyond them, so it is being allowed to drift aimlessly. They have shown shareholders nothing to convince me otherwise. No delivery whatsoever.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.