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Michael Masterman talks on WRES potential & Tungsten market Watch here

Michael Masterman talks on WRES potential & Tungsten market


Orogen Gold Share Chat (ORE)



Share Price: 0.0095Bid: 0.009Ask: 0.01Change: 0.00 (0.00%)No Movement on Orogen Gold
Spread: 0.001Spread as %: 11.11%Open: 0.01High: 0.01Low: 0.0095Yesterday’s Close: 0.0095


Share Discussion for Orogen Gold


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Bannor
Posts: 2,920
Off Topic
Opinion:No Opinion
Price:0.0095
RE: Bannor
Mon 15:44
Another way of dealing with this is to just sell enough to take up the total of the open offer .... that way you get the equivalent of what your current holding would be in terms of shares but have a lump left that effectively hasn't cost anything additionally .... I see that as a potentially better option than what I've done to be honest but I really haven't decided whether to take up the offer or not so sold the lot... I'm on a frequent dealer option so it's less than a tenner dealing cost if I take it up....

GL to you too buddy....
 
EricDraven
Posts: 22,068
Off Topic
Opinion:No Opinion
Price:0.0095
Bannor
Mon 14:59
Oh, I didn't know you could still be entitled to do that, but I suppose it matters crucially only sbout what you held on Offer deadline day. Fair enough.

To be honest though, with my average, Id have to literally buy millions more, so it isn't worth it.

If you've sold the entire amount of your normal holding, good on you, at least it's currently not trading at the 0.006p equivalent of the proposed placing price, but you know the risk of buying back in matey. Lol.

I wish you well, whatever you decide.
Bannor
Posts: 2,920
Off Topic
Opinion:No Opinion
Price:0.0095
RE: bsg4
Mon 11:47
Of course you need to take dealing fees into account as well ... that could mean the difference between worth doing or not....
Bannor
Posts: 2,920
Off Topic
Opinion:No Opinion
Price:0.0095
RE: bsg4
Mon 11:33
Hi Eric - I'd talk to your broker bud.... the qualification date for the open offer (21st Mar) has been & gone... my allocation in the open offer are sitting in my account waiting for me to say yes or no..... already sold up my entire holding & can buy it back at 2/3rds of what I sold for - question is will I .....still got until the 4th Apr to decide.

GL matey...
EricDraven
Posts: 22,068
Off Topic
Opinion:No Opinion
Price:0.0095
bsg4
Mon 11:22
You can't sell and then take up the Offer though. Or vice-versa. You can't take up the Offer and then sell before it is implemented. As far as I'm aware anyway.
bsg4
Posts: 95
Off Topic
Opinion:No Opinion
Price:0.0095
Offer
Mon 11:18
Surely it's worth selling your existing holding and taking up the offer, to get a lower price?
Damocles
Posts: 48
Off Topic
Opinion:No Opinion
Price:0.01
View Thread (3)
How many projects binned?
Mon 08:32
They've given up on all the projects.

The thing is, and this is the point that annoys us long term investors, the directors were paying themselves a very pleasant remuneration for doing nothing.

They basically took a tea spoon to make a few scratches, and paid themselves hundreds of thousands of pounds a year for their efforts.

Remember their names, because they will will return in the not too distant future, and give their new company a very large swerve, because their only interest is lining their pockets.

All those dilutions were only completed so they could continue paying themselves ridiculous amounts of money for diddly squat!
Wressmycase
Posts: 1,120
Off Topic
Opinion:No Opinion
Price:0.01
How many projects binned?
Sun 19:13
How many projects did they pursue and give up on?

Fooking awful how they continued to dilute on projects with no scope.
EricDraven
Posts: 22,068
Off Topic
Opinion:No Opinion
Price:0.01
Damocles
Sun 16:39
Cheers matey. I've just today voted against the BOD's proposals. There is no evidence of a plan, only one of gaining £3 million and chasing rainbows. It may have been different had they told us which sector they were thinking of exploring. Can you imagine though, a reverse takeover of a non-producing company? How likely would the BOD then be to turn that into a producing entity?

And what kind of company already in production could we get for that low amount of money?

Alarm bells.

I'm in agreement with you. We'll never see a return on this investment and almost all long-termers won't break even. Why throw even more money at ORE now, if we're giving it to those, or acquaintances of those, who got us in this mess in the first place?

I'm keeping hold of what I've got, but I'd rather this stop in its tracks than people get fleeced for another year. I'm only sorry that the FCA has not stepped in to examine this operation further, in spite of many shareholder concerns being directed its way.

Best Regards anyway and good luck for the future.
Damocles
Posts: 48
Off Topic
Opinion:No Opinion
Price:0.01
Eric.
Sun 02:34
I couldn't agree more.

You summed it up.

More money from us to fund, well, what?

Nothing.

More hot air?

No, I'm out of here.

Years ago, when this company showed real promise, I was happy to invest, as you and others were, but we have seen the mismanagement on a grand scale cost us too much.

There comes a time when you have to bite the bullet and say 'enough is enough'.

I can't see how this will ever break even, let alone show a profit.

Time will tell if I've made the correct decision, but I don't care anymore.

It's just my thoughts on things, but I'll gain more by offsetting my losses against tax.

I wish you well.




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