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.
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.
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.....
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.
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.
We've probably all worked with people who are masters at saying the right thing at the right time, yet are actually useless at their jobs. I can think of a few I worked with like that.
I don't suppose any of us know him. Perhaps if we met him, we would find him charming, full of optimism and gushing with enthusiasm about the future. Who knows?
The world is full of people like that.
It can be odd at times. I'm invested in a company with a CEO who has a track record of failure after failure. So much so that his record prevented me from investing more than a modest amount. Maybe shareholders in his past ventures have lost as badly as this one, but he is now in charge of a company that will probably be worth billions in the future if the expected news continues to flow.
Maybe they lean from their past mistakes, and vow not to make them again, which doesn't help us one jot with this load of rubbish, but if you throw enough acorns on the ground, one of them, eventually, will grow into a tree.
The gift of the gab, an engaging personality, and an inner confidence to succeed can make those people seem very credible, even if their direction is misguided.
All of us long term holders will never see anything but a significant loss here, but the daftest thing for me is recalling, probably two years ago, an investment guru predicting ORE to be one of the best shares to invest in.
I kid you not. Maybe he had just had lunch with captain Slowey.
What a pile of poo....what I don't get ...... & I really don't....... is why Slowey is still part of the picture - devastasting performance & has lost me many thousands of pounds I'll never get back here now primarily because of his decisions & the performance under his tenure & now I suspect further massive dilution probably along with a share reorganisation & consolidation so it can start all over... FUBAR that's what it is purely FUBAR.
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