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Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation? Watch here

Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation?


Orogen Plc Share Chat (ORE)



Share Price: 1.70Bid: 1.65Ask: 1.75Change: 0.00 (0.00%)No Movement on Orogen Plc
Spread: 0.10Spread as %: 6.06%Open: 1.70High: 0.00Low: 0.00Yesterday’s Close: 1.70


Share Discussion for Orogen Plc


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MRPlumper
Posts: 1,771
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.70
RE: TW.....Adam Reynolds' mate ..in..
Fri 16:32
Well I hope that your RTO works out better than new world oil's did with big Sofa
Renolds put new world's money in up front
And we all know the rest of the story
 
Hugh-Jarse
Posts: 1,300
Off Topic
Opinion:No Opinion
Price:1.70
TW.....Adam Reynolds' mate ..info4U
10 Aug '17
09 Aug 2017 @ 15:11

"Orogen - another £250k loaned - expect RT) before mid Sept.

OROGEN (LSE: ORE) has announced that it has lent another £250,000 to online e-tailer Thread 35 Ltd, trading as Sosandar. Time to panic? No. As loyal shareholders at FIML we certainly are not doing so.

The summer months have dragged on and so the RTO will not complete by mid August as we had hoped. We are now told mid September at the latest. The £5 million fundraise was massively oversubscribed ( four times) and we now expect the RTO to complete in the first or second week of September.
With this loan out the enlarged entity will have £7.25 million ( minus RTO costs) in the kitty. that is more than enough to see Sosandar well through to profitability. This latest loan is as with two prior loans of the same amount designed to allow Thread to take on ever larger lines of stock. It is a reflection of the fact that the company is enjoying record trading. It is a good thing.
Given the demand for shares in the RTO placing we expect the shares to fly from 1.7p next month so there is no need to panic at all. Hold on tight!
Grangame
Posts: 63
Off Topic
Opinion:No Opinion
Price:1.70
RE: RNS
8 Aug '17
Not 100% smidsy although as I understand the situation, it is just a case of continuing to wait. It is encouraging to see another additional facility in place, as I said before, to me at least it shows the agreement must have some legs to firstly double the initial amount and now add to that again.

Hopefully we can see the suspension lifted at some point in the near future and with this positive news, see the sp on the rise.
smidsy
Posts: 5,363
Question
Opinion:No Opinion
Price:1.70
RNS
8 Aug '17
What happens now?
Grangame
Posts: 63
Off Topic
Opinion:No Opinion
Price:1.70
RE: Agm
3 Aug '17
They will not be able to give any timeline, RTO's can be a long, drawn out process and varies. It is a case of waiting until due RNS is released and is a case of patience.
dawnyanne
Posts: 10
Off Topic
Opinion:No Opinion
Price:1.70
RE: Agm
3 Aug '17
do we have any idea on when the suspension will be lifted? I did email them a month ago and go a very bland and non committal reply back with no information what so ever.
dawnyanne
Posts: 10
Off Topic
Opinion:No Opinion
Price:1.70
RE: Agm
3 Aug '17
do we have any idea on when the suspension will be lifted? I did email them a month ago and go a very bland and non committal reply back with no information what so ever.
TheZurichBear
Posts: 12
Off Topic
Opinion:No Opinion
Price:1.70
RE: Agm
2 Aug '17
Thanks.
Grangame
Posts: 63
Off Topic
Opinion:No Opinion
Price:1.70
RE: Agm
31 Jul '17
Nothing further than what was on the agenda. Still a waiting game, wait for the RTO to hopefully go through and wait for the suspension to lift.
TheZurichBear
Posts: 12
Off Topic
Opinion:No Opinion
Price:1.70
Agm
31 Jul '17
Anyone go? Any feedback?




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