KB - And you pay for the privilege of posting such bull!. - further drilling assays next 2 weeks. You don't say, no brainer on this one. - update on Colin's plans. He has no plans, just wants his discounted shares, bonus and £150k pa. So your right, "he ain't looking into the next 2-3 years". Which is why his appointment was not in the best interests of LT shareholders. - sale of Deli and Mutsk. Is not going to happen, a JV is the only option IMV. Cannot sell outright as ORE do not own these assets. - rename. No game changer there so pointless mentioning it. - near term:producing asset. Can only happen if JV sorted, which in this current climate for commodities/gold is highly unlikely until they have initial JORC for one or both assets. - reshuffle of BOD. AGREE, SACK THEM ALL.
PS You still havnt answered the question about your previous boasts of knowing that they were interviewing somebody for the BOD.
Is suppose to be presenting about all of his companies tomorrow including ORE.
I expect a further RNS this coming week to highlight his plans to us all.
Sorry to say for all LTH's but I he ain't looking into the next 2-3 years, ORE current assets will either be JV'd or more likely sold. Personally, I see them selling all there assets. Add £1m plus to the bank balance and look at a producing asset to bring cash flow to the business.
Ed screwed this company and is a liar.
Colin is here to fix it and I see the following:
- further drilling assays next 2 weeks - update on Colin's plans next week - sale of the two existing assets - rename - near term: producing asset positioned in the company - reshuffle of BOD
Plenty of newsflow to come and we all look forward to those imminent further 2 drilling results.
Castaway, probably more like 5-6 years for gold from Mutsk.....
Ore getting involved in an oven ready project might not be a bad idea, but with the relatively small amount of capital available it'll be fairly small scale or a very small slice of a bigger pie, but yes, income would be nice....guess we'll find out at some point....
COLI, maybe Mutsk is a future possibility but I would have thought it will take at least another 2 years to get mining, and why have another placing when there was cash in the bank in September - In the 30 Sep RNS I think this is the key sentence as to why "to advance the Company's exploration programs and to develop new projects" - the new projects phrase is of interest to me. There are plenty of projects ready to go or already mining that need cash i.e. need a partner or are for sale. Revenues are needed in today's market ORE's current projects are too far off that stage. Now is the time to bag a bargain IMO.
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.