If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Is that a book about getting rid of the board?
Read a book called the art of execution.
Currently wondering if this breaks the 1p support area after testing it recently, would not surprise me by the looks of things.
No real clarity on the way forward has let the rot set in
Simple. Everyone here is down. Forget about the moneyS have a notification set up and profit when it goes above your buy price. Simple. Just forget about it for now and write it off.
My pleasure Cekim. I guess the obvious thing to do is sell 50%. When I sold my ORM holding I did it in batches roughly 20% at a time. I then reinvested elsewhere. I agree with you about the ORM BOD. The company cannot possible function when there is clearly a disconnect between the main shareholder/s and the people supposedly running it!! Until they agree with each other there won't be an RNS! My concern as you know is deeper than that. Even if they pull off a deal, I think they are incapable of executing it profitably. Just my view obviously!
Thanks Barney, quite new to this game, all advice is welcome and appreciated. It's the thought of selling and then a good RNS comes out it's a double whammy.The problem seems to be lack of communication from the BOD but what can we do about that?
Hi Cekim. I really do feel for you and anyone else who is losing on their original investment. Being attached to a share is the worst thing an investor can do. Investment decisions have to be based on fundamentals (and of course Head not Heart).
If you look through the most recent posts here, the majority are spot on in their assessment of ORM.
Rather than look at what you've lost (assuming you crystalise it obviously), look instead at how much you have left and ask yourself if it be put to better use elsewhere. If you leave the money here, then maybe ORM will go back up to 1.5p based on a positive RNS, or maybe it will fall to 0.70p with no news. No one knows! But surely there must be hundreds (even thousands) of other companies you can invest in which are more likely to give you a positive return faster. ORM certainly isn't the Holy Grail!!
I have just done exactly the same thing with one of my stocks which went down. Happy to admit I get them wrong too!! Anyone claiming a 100% record isn't telling the truth!! It's gutting taking a hit, but the stock I reinvested in has gone up whilst the original company I was invested in has continued to fall. Wish you all the best with whatever you decide to do.
Everytime i look at this share i feel sick, i can't bring myself to sell at such a loss .Is there any hope here?
Hey all. Hope everyone is keeping well.
I popped back to check in and was fairly surprised to see the SP holding up without an RNS. I suppose there must be support or current shareholders are just sitting tight.
Does anyone know if ORM has actually ever dug something out of the ground and started selling it profitably. I don't recall that happening in the 5 or 6 years I held my shares. The only meaningful 'income' I recall was the disposal of assets. Which was used to plug the hole on a substantial trading loss.
The reason I sold my remaining shares was lack of BOD communication, ever decreasing cash pot, and potentially insufficient funds to start the project which could mean a fund raising event and therefore dilution.
I agree with GP and Flundra unfortunately. The relationship between the BOD and main shareholder has been both costly and shambolic. 8 months since ROC and zero back up plan on the face of it! What a wasted opportunity in what should have been a profitable venture in copper. I could no longer support a company that seems unable to support itself. If anything changes (personnel), then it may be time to dip back in. But until then, the cash is invested better elsewhere IMO.
I got out of this with a £3K loss, thankfully made it back (not a day trader btw), has no one considered the fact the BOD had absolutely no other projects to disclose, nothing mentioned in any of the RNS's... Totally dysfunctional Board and main shareholder... News fast I read... Sorry, I truly believe you will have a very long wait!
Yes indeed, and the bod (particularly Timmons), management and Anderson need to get their act together fast, shape up or ship out. It's ridiculous that so much time and resource was put into ROC, only for it to fall flat on its face because Anderson's co-operation couldn't be secured. Wtf was Timmons doing as Anderson's nominee on the bod? Look at copper futures, up 10% just in the last few weeks since the deal aborted ffs. This share should be flying on the back of a quality done deal. Grrrr.
This needs news fast.
The plan is to find the next best project of the 100+ reviewed. Hopefully, with a European
base. TA is just an investor and was buying up to cash, think you are all expecting more
from him that that.
TA should have made a statement the day after the deal fell through, that would have made a big difference. Everyone is sitting in limbo not knowing what the plans are.
The BOD can't do much without TA approval. I'm sure he has a plan (and likely did before he bought his 20%). I wish he would just state his intent so shareholders have an idea where this is going and get things moving one way or another.
Got to agree , this share had so much potential when mining for Tungsten, but BOD made crap decisions and are self centred..... Will fritter away any spare cash and no upside in view. Deals could have been done but they seem to want to keep the cash for themselves.
I was in this share at one point and anyone topping up is just stupid come on, a lot better investments out there than this crap