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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: 0.01Bid: 0.009Ask: 0.011Change: 0.00 (0.00%)No Movement on Orogen Gold
Spread: 0.002Spread as %: 22.22%Open: 0.01High: 0.01Low: 0.01Yesterday’s Close: 0.01


Share Discussion for Orogen Gold


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EricDraven
Posts: 22,007
Off Topic
Opinion:No Opinion
Price:0.01
Damocles
Today 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: 47
Off Topic
Opinion:No Opinion
Price:0.01
Eric.
Today 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.
EricDraven
Posts: 22,007
Off Topic
Opinion:No Opinion
Price:0.01
Damocles
Sat 16:05
So you'll be chopping this off with the sword of Damocles. Fair enough. I'm waiting until it goes high enough that the broker's fee won't leave me over 100% down. Lol. I didn't think that would be possible, but it is.

Nobody already involved here will surely be willing to give these prats more of their money.

By doing this cash shell thing, it buys the management a further year of potentially doing nothing before ORE is removed from AIM. Had the BOD tried to raise the same cash, or a reasonable amount, for continuing on with a proper drilling program, then it would have been curtains much sooner, in my view.

Reason being, Bird has been an abject failure and well paid for it, in spite of the disguised optimism via RNS. He has been unable to source either a JV or funding from a respectable source. He could not have asked shareholders to stump up the amount required both for a solid program and for the wage bill, without putting us almost at death's door. I mean, the discount even on this cash shell nugget is unacceptable and the risk of any drilling has evaporated! Imagine the discount should any potential risk be introduced! Lol.

So, there will now be a care and maintenance situation only. No more thinking about 3D imaging, defining any extents, or the deployment of drill rigs. That suits the BOD perfectly of course. Bird has simply been unable to turn this around, despite his misleading RNS releases to the contrary. It's all been too much. Why though, can't people just be honest? "I'm crap, I'm so sorry, I'm resigning."

I think we know why.

Anyway, six months to find and undertake a reverse takeover, or be suspended, with a further six months to find one, or the Company be delisted. A year's grace before the final pulling of the plug then, should the new BOD do nothing whatsoever. Sounds good, with what will probably be a few million quid to enjoy (because somehow the majority of votes for the cash shell idea will be"Yes"). Oh, and of course, Bird and Slowey stepping down, yet still involved in the offer and with all those shares already. Tut tut. A wonderful recirculation of funds exercise between friends, whereas obviously, we know that Bird and Slowey don't deserve to be given any further opportunities for their own gain here.

Everything, and I mean everything, has been to the detriment of shareholders. The fact we are allowed to partake in this latest and probably final proposed offer is only to soften the mighty blow of the discount placing, and, of course, so we let them do as they please with greater ease, from their perspective. In actual fact, it's a mixture of the BOD continuing to take the pi55 and masking its utter ineptitude at the same time. It's not only a disgrace, but also the cheek of it demonstrates how they are still simply treating us with absolute contempt, which is all they have ever done.

Expletives, yes, I believe we are entitled.
Wressmycase
Posts: 1,116
Off Topic
Opinion:No Opinion
Price:0.01
249er er er
Sat 09:08
Fca should investigate this companys accounts, timings of rns releases, silverton deal involving the big birdie before they dissapear with our money.
Damocles
Posts: 47
Off Topic
Opinion:No Opinion
Price:0.01
I'm walking away
Sat 05:52
Yes, I'm giving this the big KO.

I'm not putting anymore money into this, and, when you consider things, £3m isn't a lot these days, and certainly not enough to buy something, anything it would seem, to resuscitate my position.

Oh well, a lesson learned, that there are people out there paying themselves handsomely for doing nowt, living the high life and, on the face of it, being successful.

They would sell their children's' souls to make a few bob.
EricDraven
Posts: 22,007
Off Topic
Opinion:No Opinion
Price:0.01
Whipstock
Fri 13:47
Walk away, keep your money safe.

In my opinion.

I've been here for nearly seven years, average of 0.89p. It has never been any good and Reynolds has been involved. This is nothing new.

Best wishes.
EricDraven
Posts: 22,007
Off Topic
Opinion:No Opinion
Price:0.01
View Thread (3)
Discodave4561/Damocles
Fri 13:43
What we have experienced is akin to legal theft. Lol.

Damocles. Sorry about your long lobe. The flaps on my mangina have lengthened, if that's a comfort.
Damocles
Posts: 47
Off Topic
Opinion:No Opinion
Price:0.01
What to do - advice please
Fri 07:47
Just select one new share for 0.01p and make sure enough funds are available.

Horrorgen to Orogen. What could be worse?

I'm 60 years old soon, and my ear lobes are succumbing to gravity. The trouble is, one lobe seems longer than the other.

Is my head at an angle when I look in the mirror?

I don't know, but it is a worry that I'm starting to look like my my grandfather.

I have better things to worry about than this pile of ear hair....................
Discodave4561
Posts: 902
Off Topic
Opinion:No Opinion
Price:0.01
View Thread (3)
RE: what to do - advice please
Thu 19:49
Preferred option I selected was: "Reynolds you can foook off you robbing barsteward, at least Dick Turpin had the decency to wear a mask and didn't come back for more!".
Sent my votes also - all resolutions "no foookin chance" a big X in every one of the BoD's boxes!.
No way am I going to keep supporting these low life's by taking up the open offer.
This is another way of conning people out of money, disgraceful.

DD
WilyCoyote
Posts: 101
Off Topic
Opinion:No Opinion
Price:0.01
RE: .
Thu 18:12
Wrap up well in cold weather Morv




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