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How come for one day this went 1.92. And never reach this level again and no reason for today fall. I guess some share can’t take good news
The key to making money on AIM is timing, buy a stock like this when the RSI is at basement levels and sell when if gets overbought.
ORR is a BUY at current levels, those in higher need to hold their nerve.
Your right , i do aplogise @Jackthebear, its all very new to me , at the same time i admit i do find it a bit scary watching my investment turn to dust, however yiu are 100% correct i should ask myself why i got into the share in the first place , its my doing nobody elses , i need to switch ORR out of my head comp as i see its true value if its to be had will be atleast 18-24 months from now , so these daily fluctuations really dont mean Jack (see what i did there) unless your in it to trade
Anyways it is what it is , alb to those that are sticking with
Leathal
@jackthebear
I understand where you're coming from, i posted as there was a couple of red flags pointing to this happening. I got shot down by posters who think they know everything, and were wrong, yet carry on posting without acknowledgement that they were wrong and filling ppl full of more ****
JTB no self pity from me just a warning last week
Chat boards are a sentiment monitor.... ..... 107 posts today...this is on the radar of a lot of investors with deep pockets....
I have no doubt.... Many will see this dip as opportunity... Just at what point...
I have been in and out of ORR like a Covid lock down biscuit barrel....
ATM I am out... but very tempted to get back in .... So many choices out there... and you cannot be in everything....
When I am in I like to make it worth while with a good position....
We all have favorites.... and watch lists..... I would say this and OMI are looking very good value now.
Jack - I think you’ve got it spot on here.
Several people were constantly posting recently about lack of news/delays, etc and when the first piece of negatively perceived (whether you think it is good/bad is obviously subjective) news drops, they’ve basically scared themselves into selling.
I’ve constantly posted on here that this share has a long way to go before it reaches its potential/true value.
In the meantime, it’s going to subject to short term/day traders, Twitter speculators and the pump and dump crew.
There are merits in both the short and long term approaches, but having ORR rattling around in your head all day every day is a one way ticket to poor mental health
I got slated last week for suggesting this was gonna happen. Beware the rampers who fill you full of **** and believe their own made up stories
Morning Jack,, I agree with Kutz.... If that is correct what DCAT has inferred... then the BOD should give us a little pr...
24 months this will be many mutlples of todays sp.....
The next 8 weeks will be a good entry .....
I
Dcat - great post, I couldn’t see the wood through the trees.
DCat - half the problem with many is that they look at the g/tonne numbers and have a preconceived idea of what a ‘good’ result is.
Today’s drop is largely the result of short term traders messing themselves and bailing…
As usual the drop is an over reaction.
Drilling at Senala has resumed with IAMGOLD. very excited for these results to come too. Plenty to play for here.
Have most even checked what they were targeting? Not trying to be funny, but no posts I’ve seen hear or in twitter reserving the visual aids in RNS (see link below). Bottom left being the key.
http://www.rns-pdf.londonstockexchange.com/rns/7180B_1-2021-6-13.pdf
These are angled drills tests that in turn are almost vertical, ORR aren’t drilling down 100m for 1m mineralization.
Suspect if ORE had been naughty and just drilled down the throat of one of these veins reporting 100m+ of continuous mineralization every man and his dog would be buying…
You need to take the assay widths, depth and grade in context with the system abd how they’ve drilled it, something few seem bothered to do…
My concern:
The most ‘robust’ areas of mineralisation in bakassi zone one featured in an RNS In March. Those haven’t delivered. We didn’t get any idea of core samples on zone 2 which could mean nothing and surprise us.
Lawa west and east has visible gold but in what width and quantity, we don’t know yet. I’m worried it’s the quantity we will lack in bibemi. If the results aren’t good, let’s put it to bed and move on with the central licenses.
Support at 0.5. May even consider a top up but going to wait until we get the next batch of results.
The pain isn’t over yet and just need to hold out for now.
Hunniford - what time does the Salvation Army open this week ;)
Agree, Ag. Highly positive indications and we've only just started. Bodes well. Reiterate, remains open at depth. Building towards scalable operations with 5.3km of acreage.
Hole 9 looks particularly pleasing. That section of 12m@0.7g/t around 30-40m. Then further on you have 1m@5g/t and 1m@6g/t, all within 100m of surface. Il take that and would certainly follow up in that area.
People expect far too much far too early. This is a brilliant start for the company at Bibemi with lots more positive assays inbound.
It’s the maiden campaign, to hit Gold in numerous holes is a credit to the company and what’s going on in bibemi. Many junior explorers are not this successful, this early on.
With visible Gold in numerous holes still to be reported, this looks vastly oversold for me and shows there is potential for a healthy Gold system at Bibemi.
Only question is, will there be a fund raising on the way after this campaign has been completed.
This is what they put out on LinkedIn
We're pleased to share further results from our maiden diamond drilling programme at the Bibemi #gold project in #Cameroon. Results from 8 drill holes at Bakassi Zone 1 deliver multiple multi-gramme intersections including results of 2.45m grading 2.96 g/t Au http://ow.ly/FFwV50F9usu
The results have confirmed more than 100m vertical continuity to the system from surface & they provide confidence in the potential for Bibemi to host multi-gramme intervals within wider envelopes of lower grade mineralisation.
We look forward to sharing more results from the remining 20 holes of the programme, which we hope to publish by the end of Q2-2021. Due to the success thus far of our preliminary exploration model, we have begun follow-up work programmes that will commence in Q4 #ORR $ORR $gold
Nice work EWT , really appreciate your reply , thats put my mind at rest a little
Leathal
Good post EWT98
Lethal, of course I’m only a randomer on the internet so don’t take my thoughts for anything meaningful towards your decision.
However, for me personally I think the grades were okay. They aren’t great, but this is exploration - you aren’t going to hit amazing grades all the time especially straight off the bat. There is mineralisation down there, and I suspect better grades to come. Those grades and widths are worthy of a company with a higher market cap than this, especially with other zones to report in the coming 2 weeks, and another project JV’d with a fairly big player in the mining game.
The company was already undervalued considering historical grades and the projects on the go. Sentiment was shot since IAMGOLD didn’t do the drilling plan everyone thought they were doing and they understand, despite IMO the results being encouraging there (evidence of mineralisation across a lot of acreage), and with them promising to catch up that spending this year. With delays to results, and them not coming back with bonanza grades it’s a perfect recipe for stirring up negative sentiment around a share, however that doesn’t mean that the market is accurately valuing ORR at the minute. Share prices overshoot both ways in market conditions like these, especially in AIM, but at some point I’m sure an accurate representation of true value, and probably an overshoot in value will come here as it did only a few months back.
Good luck, and I hope this turns around soon on the back of more news.
Hey Leathal hang in there bud. Not the reaction we wanted. I am down 45% my last buy averaged me down a bit. Kind of wishing I was buying that last tranche now! But that is how it goes. Just gonna sit on the side lines and watch how this plays out. Senegal results to come as well as more data from this huge land package in Cameroon. Lets see how the rest of Bibemi pans out. Wondering if they will do a presser before the AGM to talk about results.
This is just the start of all the results, the SP is a Bull%$£" reflection on the RNS IMO. A lot more news to follow this is going places patience and a steady nerve required. This will multibag. GLA
Kutzz not ideal mate , things just aint going our way at the min, im 60% down here really unsure what to do for the best, cant bring myself to sell at such a loss .. Lets hope things improve soon
Leathal