Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi EWT98, hope you are well.
EWT98 - a really good post. Way too much negativity creeping in here in advance of the results. There's a market wide selling off re commodity/junior explorers. Some great bargains to be had/top up opportunities depending on your perspective and window of patience. ORR at these levels definitely amongst those bargains IMO (and hence why I have bought in). We all need to try to think and see beyond the ends of our noses in terms of our timescale and horizon here. If not the next set of results from Cameroon, do people really still see us at 0.5p following the IAG results? Just look at the results to date, as well as some of the multi million ounces projects nearby.
Maybe 10 weeks of patience is asking for too much, and is the equivalent of a lth these days, but seriously, it's not too long to wait IF we don't get decent results in the next 8 days coming out of Cameroon. All IMO and GLA
Dudes, in this day and age this probably isn't appropriate but I ain't seen any fat ladies warming up their tonsils. So don't get yourselves too down yet.
Keep in mind the non core non West African assets have an estimate on them of around £8m. They are owed around $1m in the Turkish courts.
Senegal is in a fantastic area. IAMG spending like mofos down there $60M ear marked for this year. So you bet that ORR JV is on their mind and in their plans.
Cameroon still results to come from the first drilling programme. Ok first results didn't look as good as somewhere like Djibouti but still there is plenty in here to at least get your money back (or most of it). As long as you can afford the patience money wise and mentally.
Anyone would think this was a total train wreck, it ain't there yet. TL and team always come across as genuine in their quest to try and get share holder value. True I saw someone posting about warrants etc on ADVN but deep down I think the ORR BOD want to see value for all. After all we all take pride in what we do when we are working eh?
Even Kutzz takes pride in his Thus G&Ts on his Quarterdeck.
Let's see what tomorrow brings and the last of the maiden drilling results as they come!
Thats not good to hear , i valued your opinion mate , i get where your coming from though i to have written this off , its just a case now of at what point do i decide to salvage what scraps i have left , i remember reading a comment on a chat with regards to African Minners , said he a decent sum in some yrs ago only for it to go completely tits up , its the risk we take just wish id have spent it on hookers and Stella instead , would have been alot more entertaining than talking ****e to you lot on a daily basis , nudge nudge !!
Alb Leathal
Don’t have to be the positive one always just be honest like you have just done.
Most people are feeling like that right now so it’s okay mate
Nice to hear from you, Dogstar - I hope things are picking up for you now mate.
With regard to ORR's share price at the current time. Let's face it, the fundamentals have hardly changed, the drop is ridiculous at this point, but I could say that for a lot of companies in this sector.
The problems the share price has run into are evident;
1) IAMGOLD didn't carry out the drilling operation that was expected, or meet their expenditure requirement for the project during the timeframe expected.
- I believe this has been resolved with them catching up expenditure during this next year, the drilling found surface gold anomalies across more than 6km, and a follow up programme for 11,000m is currently underway.
2) Grades and widths at Bibemi weren't amazing.
A few things to say here:
- First of all this is exploration to hit a good proportion of holes is great.
- Second, the grades weren't even terrible (they were average), which to be honest should only really benefit company with a market cap of £9-10m.
- Third, the widths weren't great, but if you look into what they're trying to achieve, which is intercepting ore veins from an almost perpendicular angle so a depth and direction can be more easily established. If the company was so inclined, they could have drilled in the direction they knew the ore veins were running and got a good 100m@3-4g/t reading, but that wouldn't tell them much useful about the geology of the area.
- Finally, there are plenty more results to come from different areas of the deposit which are more promising IMO - and they're due in the next 8 days.
I'm not saying I'm definitely right, but in my opinion, there will be a number of impatient and ill-educated people who have sold out on this drop who will either end up buying in higher, or watch in regret as this builds some momentum again. It isn't difficult for a sub £10m company to multibag with some good drill results and a consequential build up of sentiment.
Good luck all here.
Such words of wisdom @Jackthebear, where would this board be without you
Crypto getting botty bashed
Hi Troajan, be careful of RMM as it may not have bottomed yet. It is in downtrend in both the weekly charts (the one I use to gauge which direction a stock is trending) and also the daily chart too. The daily is showing that the stock is oversold as is the RSI but that doesn't mean it's hit bottom yet. There are a few factors to take into consideration when deciding whether the bottom has been reached (I watch the volume carefully to check whether capitulation has been reached usually) and I don't think it has yet. Trying to "pick the bottom" is a treacherous pastime and is akin to trying to catch a falling knife - and you know what happens if you try to do that! Just my opinion which seems to be worth less & less these days!
i know m8 and ime in there aswell.
a lot of peeps,put too much emphasis on grade and dont realise,the intersection size,is just as important,if not,more so.
that's why ggp and solg,have such a huge resourse,they have around 300 metre intersection,probably higher
anyway,rmm....is on support,i cant see it dropping any further,if you fancy a copper/gold play