Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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They say fortune favours the brave. So for that I wish you good luck. One step closer to the cliff side surf shack!
I was debating that but then where is the fun in that??! That’s buying after the fact.
I always say to people have Courage in your convictions!
Happy weekend everyone. F1 Sunday and great boxing match Saturday. Canelo vs billy joe Saunders
I’m having a corona in the sun (currently working in Italy) so what ever you get up to, have fun. See you at the circus Monday. I’ve bought another front row seat
You sir are a Krazy man. There is a hairdresser in the town where I grew up called Krazy Kutz, maybe of this goes t1.ts up you can change profession.
I thought you were hanging out for news before you bought anymore?
I’ve topped up another million shares. Because why not.
I may regret it but as Hunniford said “ If we are it could be life changing (well for me anyhow) if not it won't really change my life, I'll still be poor!!!”
I second that
I saw UFO only release partial drill results from work finished 31 March a day or so ago and everyone lamenting, late and incomplete. Granted these are iron ore drill results and the country is Australia but it shows things could be late for a reason.
I suspect if they put out an RNS and said they were late and the price went down everyone would complain. Tricky all round.
Senegal points to being on good ground in a mining hotspot. Cameroon is first mover advantage, let's hope we get good gold in Senegal and the same experienced Geologist team bought the best licences in Cameroon and we are on something great there. If we are it could be life changing (well for me anyhow) if not it won't really change my life, I'll still be poor!!!
A few things mentioned there that was supposed to be communicated early Q2, but still no word in mid Q2. I don't think no news is good news in this situation, but i hope I'm wrong.
Ok I am now ready for news next week. I got most of my holding moved over into this years ISA allowance at these prices. It was a nervy few days waiting for that to happen. So big Tim & Bob I owe you a pint for not releasing news this week. Over to you guys to start releasing the stellar headlines next week fellas.
Especially with Basel III this summer where paper gold and physical gold effectively split which means that the price of gold can not be manipulated. Gold price could shoot up, we find gold and this is going to rocket!
Spot on . Mister positive. But we need there to be gold at the source . Maybe if gold goes how I think it will ..... even speculation could drive this very high . Proven gold in the areas where ORR are active and IAMGold on board . It could go at anytime .
Still here in the background. Hold
Gold back in an Upward trajectory over $1820
Bitcoin and other crypto might have temporarily taken the spotlight for now but it's in a bubble that will burst coz getting bit silly TBH. As Bank of England "Bailey" said yesterday on crypto...be prepared to lose it all....as it has no intrinsic value
With all the Trillions $$$$ printed globally, its Gold that should be at $50,000, not Bitcoin. Imo
Back to ORR...nothing has changed here. we just waiting for news on both Senala & Bibemi that should be very close by now to kick start the momentum here.
I think we are close now guys, this is what they said at the investor conference towards the end of March.........
Cameroon:
- Results from maiden drilling at Bibemi - late Q1 - early Q2
- Results from pilot trenching programme at Wapouze
- Commencement of package wide mapping and stream sediment sampling at the central licences to identify follow up targets - early Q2
- Confirmation of 51% ownership of Bibemi & Wapouze - Q2
Senegal
- Commencement of year 4 phase 1 work programmes at Fare - early Q2
- Commencement of year 4 phase 2 work programme at Madina Bafe - late Q2
- Continued infrastructure development at neighbouring 2.5Moz Boto gold project
Other
- Exploration updates from Orr's investment assets (TSR / TSD)
- Continued value realisation across the portfolio through the sale of non core assets
I hold omi, hum, shg and Altyn alongside Orr which are all suffering a lull in SP’.
For some reason gold stocks just not in demand enough yet. Maybe Bitcoin hedge and flow has impacted gold rise/sentiment? Who knows....
Regardless I’m more than happy with gold right now. “Low” prices obvs don’t always mean “cheap” but I believe current lows are also cheap and happy to keep adding every .5 down in small lots. Added at .8, .75 and looking for a chance at .7 but also happy if it doesn’t go there.
Story hasn’t really changed for Orr or gold outlook in my opinion. SP just very low on sentiment and majority of gold explorers/producers I hold or follow all behaving same....
Even if next results don’t hit it out the park there’s still upside potential from these levels so r v r at 11 million mcap good enough for me.
Good luck all let’s hoping for a nice short term move to the upside but have have some powder dry just on case....
“FYI - I am keeping the faith and certainly still in the FOMO side of the fence. If I wasn't I'd sell up and stop bleating on about wanting to see some results.”
I second this.
Also to add to MTM post. They stated in an RNS results would be released as they come in - so we were waiting for 002/005 which were packaged and sent end of March. Considering the quick turn around on 001 we thought we were in for results ever couple of weeks?
Which cast our suspicion and we entered this spiral because of no results.
We've never recovered from the IAMGOLD debacle, so lets hope they have learned.
Hardy, I think that is the point.
We know the cores were shipped 31/3. The last RNS relating to Bibemi (12/4) stated 3/4 holes drilled and visible gold in a Lawa hole :)
But it also stated, news 'throughout Q2-21'. It didn't state let's wait until June 30th and send some news out.
Maybe it is just impatience as I want to know what we have found, but as per the companies own statement, not mine or anyone else's, news is to be throughout Q2. We are now over 1/3 through with only one announcement, knowing that several cores were sent as of today 6 weeks ago.
All tweets from the company have related to cost mgmt., more potential, and some odd tweet about what a partner is doing.
That is not deramping, or panicking, but is simply replaying the facts the company issued. If they didn't expect to send results 'throughout Q2' they shouldn't have said it. Also if there has been a change to that due to delays at the lab, or any other reason they should at lease let people know, rather than tweeting about unrelated partner stuff.
Other companies are doing that....
I am keeping the faith, but don't want another IAMGOLD announcment where we apologise late that we didn't know what was going on, I'd hope lessons have been learned to keep on top of things.
Clearly, not expecting a tweet or annoucement everytime someone picks up a shovel, or TL has a cup of coffee.
FYI - I am keeping the faith and certainly still in the FOMO side of the fence. If I wasn't I'd sell up and stop bleating on about wanting to see some results.
Axelrod is spot on. I really don’t understand why people are getting knotted up by ‘lack of news’ when theoretically, we might not hear anything until the final day of Q2 which is the end of June.
This is AIM folks, the price of shares usually drifts between bouts of news. One thing we do know is that there was a director buy nearly a month ago at a premium to the current SP and there is visible gold in one of the core samples - both positives IMHO...
GLA
Hey guys I’m inclined to agree with axel rod . The pessimism has been self induced . The BoD and their plans have not changed . The pessimism is related to most of us buying in on the rise and now not liking the outcome . We bought in on the same story and projections but in reality not many of us were looking beyond the SP .Rainbow chasing . As axel rod states though plenty of time in Q2 and plenty of prospects . As I sad last week I think the BOd have been fairly good . They are not magicians and cannot change the plans and produce a magic gold find or speed up results of drills . They are the same BOD that were in place on the big rise and we had a chance back in Jan /Feb to decide they were not for us . But eyes were on the prize . Keep the faith is my opinion. And I’m not a ramper .I’m in and down so I’m trying to be positive.