This share is just doing my head in. It depresses the hell out of me seeing the share price. My average buy in is around 3.1p, I am thousands down here. I hate MAGP, I hate AIM shares, I hate these messageboards with people ramping up shares and people always getting on the backs of 'derampers'. I have decided to put a sell order on these at 2.5p. I am not going to look at how these are doing again ever, hopefully in time I will see I have an email to say that my sell has been completed.
Hmmm so your a deramper then or you need to rethink your trading strategy.all sounds a bit emotional to me
You say these are exciting times - you are easily excited.
What a surprise with ORE - yet more drilling is needed. All they ever did with the deli jovan mine was drill, drill, drill, drill and then sack it off.
I have a strong belief that ORE will never ever mine any gold they find. I really do believe they keep issuing more and more shares to give the company money do that they can keep taking a working wage without actually ever doing much.
These shares are not exciting. ORE have no plans to mine any gold for another year and a half minimum. Beware.
Fair comment John. But they have been selling down before the new shares were admitted on the 16th, so was it an existing holder(s) or was it naked selling. Yet we have no declared holders of more than 3% other than Bilton, and the update also shows the BOD holdings unchanged. So who took on the 1.022 billion? (42.7% increase in shares in issue.) Good value now? Well at just 10% above face value, the BOD kept their hands in their pockets this time, must still be smarting from the previous placings at 0.3 and 0.5. We can expect further dilution with the drilling contract, but if the pricing is held at 0.2 could be beneficial as it is less dilutive than this funding and for 55% of the contract cost may mean no further funding is needed to achieve the $2.5M spend necessary to get 80% of the Project. (£670k is the current carrying value for Armenia shown in H1 Results today.) GL
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