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it was some change I had in my account doing nothing
They've been spanking millions and millions on Board salaries, "advisors", and "investments", with zero cash going to shareholders. Lol.
Don’t be greedy !!!
Totally agree, Vital. Where has all the Millions USD / ££ gone to? They sold some assets too but where's the money after the sale gone to? - paying into the BOD? Looks like a giant ponzi scheme.
This got to get the FCA attention.
2 years ago I put in a punt of £500+ and on last sp. is now worth £24 after trading comm. - should I sell? What's the point - I'll want to see where it ended.When I bought in 2 years ago I didn't do research and in fact couple years prior TW had done write up of this co. - I should have read about it before buying but read it only last week. it'll be a miracle is I even see my £500 back. (Thought when they sold some assets the shareholders might get something back, but no report when the money gone to. As the RNS says everything not clear).
Anyone else in it?
This board is dead, and following the huge drop today there hasn’t been a single post? Reading in to the RNS this company looks like a giant ponzi scheme. Writing off a bunch of Chinese shell companies worth £35-40 million to nil? Headquarters in the BVI? What exactly does this company do? God help anyone invested in this. FCA should be all over this one.
Have quite a few in this, the RNS today seems up beat so will watch and perhaps consider adding
Have quite a few in this, the RNS today seems up beat so will watch and perhaps consider adding
Been holding on too long, might be time to sell up.
Partial Niutech Divestment Origo is pleased to announce the sale of up to a 5.9% beneficial interest in Jinan Heng Yu Environmental Protection Technology Co., Ltd. ("Heng Yu"), the operating company of Niutech Energy Ltd ("Niutech"), an Origo investee company, for gross cash proceeds of up to RMB 28.5 million (approximately US$4.2 million) in two tranches (the "Disposals").
Wonder who is buying these amounts and looks like same buyer as 1m then follows next for another 500k. Something brewing??
it's most likely linked to the market's recent enthusiasm for copper assets....Origo's KCC is up 35% in one month, for e.g. Also, Mongolia has been bailed out by the IMF so things look more constructive there than they have done in a good few years. The bigger miners have started to sell-off in the last few days so it will be interesting to see if the buying in OPP cools off too. It shouldn't if investors genuinely believe the global copper supply shortage research that's out there. I think this should be around 4.0/4.5p before we even start to debate where this could get to. But I'm happy to accept I thought that months ago and that I'm a very stale bull..
On 22 Feb. - huge buy 1.52m @2.40 for £36.48K - interesting news soon? Wonder who bought those and sp still climbing slowing. With that significant buy sp will shoot up pretty soon.
News very soon 😉
Interesting.....some big buys recently. 1m and 400k shares on the 12th and today couple of good size buys, - 250k and 100k. Looks like something brewing?
Large buy around the closing bell yeaterday I expect this to trade in the 2 range today
So what's happening here? When is news due and what will it be?
Shonaid Jemmett-Page, Chairman of Origo, commented: "The directors of Origo are delighted to report the outcome of the Meetings and the approval of the Proposals by the requisite majorities of the Company's ordinary and CZDP shareholders. This brings to an end a significant period of uncertainty and expense for the Company and its shareholders. With the resumption of trading of the Company's shares on AIM, the restructuring of the Company's share capital and the resolution of the disputes with Brooks Macdonald, Origo is in a significantly improved position to deliver its Investing Policy of divesting the Company's entire portfolio by November 2018." Did I read this correctly - the date above that .......portfolio by November 2018 - not a mistake is it??
Hoping for more blue days...
Yes, I don't mind this at all. I was a bit surprised Fri and today that we didn't see a bigger jump but if it keeps doing this for a few days I'm more than happy.......
: )
Funny, I would have thought there would have been a bit more action before the meeting/vote on Monday....
Again, won't be long before this starts to release fair value,
: )
Trade that triggered the Rns on the 14th just showed up £140k sell, this was not the £150 k buy (2 X 75k transactions on th 8th) .
for us? given that the first tranches of cash from any realisation go to the brook macdonald people, under the agreed terms, i think we might start to see value realisations that benefit us in h2 2017/h1 2018. BUT the NAV will be marked up ahead of that from current utterly depressed level. So, I hope we move back towards 10p earlier in 2017. Things could go wrong - we need the macro to stay in tact - but we could also be +vely surprised by a particular juicy realisation price or some positive news out of mongolia (where things have been very difficult). the gearing of marginal assets like kincora to movements in sentiment and commodity prices is huge. hence things can happen very very quickly in terms of share price with a portfolio of assets like Origo's. good luck!