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SOU CEO responds to investor questions on its projects in Morocco and Italy. Watch here

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SOU CEO responds to investor questions on its projects in Morocco and Italy


Orogen Gold Share Chat (ORE)



Share Price: 0.0145Bid: 0.014Ask: 0.015Change: 0.00 (0.00%)No Movement on Orogen Gold
Spread: 0.001Spread as %: 7.14%Open: 0.0145High: 0.0145Low: 0.0145Yesterday’s Close: 0.0145


Share Discussion for Orogen Gold


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jibberjabber
Posts: 1,357
Off Topic
Opinion:No Opinion
Price:0.0145
beaufort securities
Today 12:59
I see Beaufort Securities have put out a speculative buy for this share for every couple of weeks for the last 8 months. They are really not doing themselves any favours given the performance!
 
jibberjabber
Posts: 1,357
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Fri 21:59
Any would be investor thinking about buying on consolidation or further dilution should reminded of several key issues. 1) As Eric said a poor performance from a top heavy management team take a significant wage and bonuses. 2) the JV has crumbled which demonstrates that Georaid don't believe they will get a sufficient return on their investment so have pulled out. 3) They have already mothballed one project after spending a significant amount of time, effort and money on exploring it. The only reason that is not a live project is because the highly paid management team failed to secure a JV. 4) They have twice heavily discounted the diluted offering because they wanted to make it attractive to a select number of new investors. Without thinking about the loss to existing shareholders, definitely a us and them mentality. 5) the 0.00249 er investors lost their holding within days party due to another non disclosure issue "of which there have been many". My advice do not give this management team your hard earned money. There are much better run companies with less risk and greater potential.
EricDraven
Posts: 20,713
Off Topic
Opinion:No Opinion
Price:0.0145
DShox
Fri 16:15
Hi matey. I think the problem is that the personnel here remains largely unchanged. Progress has been at a snail's pace. Bird has had little effect, only to further dilute heavily. He is yet to source a JV partner for Mutsk. Drilling has also been very limited over the last three years or so, prior to and post Bird's appointment. The wage bill has also been far too generous.

Without a JV, the next dilution won't be pretty.

You mentioned a consolidation, but I feel it's the management style that has to change. I can't see that the current methods just won't continue. Consolidation, heavy dilution, decent wages being paid, minimum work on the ground and no nearer to production. The area at Mutsk remains undefined even now, because there is simply never enough work undertaken in any given year.

I've been a shareholder here for over six years DShox and my holding is literally worthless now. The same must apply to many other long-term holders. I would not recommend this share to anyone, without first seeing a complete change of personnel, followed by the successful completion of a period of probation for the new team. Six months minimum.

Best regards.
DShox
Posts: 844
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Fri 10:39
That isn't how CB works. He has a track record of drill and flip. At the end of the day, exploration's a risky business. The old guard probably realised they hadn't picked winners capable of turning a fast buck and needed to keep drilling, which a junior just can't afford to do without dilution after dilution. If ORE got a share consolidation done, I'd probably be in for a few at this marketcap.
jibberjabber
Posts: 1,357
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Thu 20:19
Sell off, no I don't think so, that would ruin the wage and pension fund. This bunch will just keep taking and diluting whilst not performing. Consolidation and dilution and repeat. That's their game plan.
DShox
Posts: 844
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Thu 13:43
Looking at the projects as they stand, unless Silverton comes in with a great set of grades, they do seem less appropriate for a junior explorer. Perhaps they should be sold off, which I'm sure will be on CBs mind. He probably wants to get them as far down the value curve as he can before trying to find a buyer.
jibberjabber
Posts: 1,357
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Thu 13:21
As soon as more dilution or share restructuring is communicated I expect most if not all LTH will exit or accept their hard earned investment is now a charitable donation to the ORE wage and pension fund.
Bannor
Posts: 2,507
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Thu 12:28
Agree Jibber however if Slowey hadn't right royally f-((=d the whole company up chasing rainbows along with destroying PI (& his own!!) Iinvestments Bird wouldn't be at the helm with dilution after dilution in ever decreasing circles - they should have wound this up rather than bringing Bird on board in my opinion instead of continuing to throttle it & everyone associated to - caveat of course is that's just my opinion.....
DShox
Posts: 844
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Thu 12:28
To be fair, CB came in when the marketcap was already very weak and has been forced into raising equity in the hope of realising value from ORE's exploration programmes. If there is anything at Silverton, it should be coming through right about now given the drill programme should've finished a couple weeks ago. CB is an outstanding geologist, so if you need someone to find anything worth talking about, its him.
jibberjabber
Posts: 1,357
Off Topic
Opinion:No Opinion
Price:0.0145
RE: Well
Thu 09:29
Birdy doesn't even say the right things at the right time. He just says things............. just look at his speeches on youtube, he sounds like he has not got a clue what is going on! how the hell he was given the role is beyond me.




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