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Totally agree - this shell needs and will no doubt get a new BoD this lot have done nothing for 7 years I cannot think of a less productive BoD - enjoyed the remunerations no doubt - totally disgraceful!
Fortunately I only put a few hundred in this a couple of years ago. Not quite joined the 99 per cent down club but not far away. No assets ....I bet they give them away for nothing. All that cash poured in by pi's and they want to become a cash shell with more funds poured in by pi's. Still, the bod has done very well out of this ....,thanks for all the cash and so long. Let's change the name and they might get another 5 years out of the new company.
The management team here are an UTTER DISGRACE and are a shining example of what gives the AIM a bad name. I hope they never grace this market with their presence again. The RNS this morning should have read: "Stepout drilling program confirms over 1km of Ed Slowey's utter horse sh*t" I wish all holders a better time elsewhere.
Agreed. The company has been flushing shareholders' funds down the toilet for years on a bunch of cut-off grade assets whilst continuing to pay themselves. To be honest, this was no secret. The good news is that Adam Reynolds has a good track record of RTOs. I have no idea what he has planned for Orogen but it is because of him that I bought today. One thing I would like clarification on is the seemingly massive change of share ownership which took place last July/August at 0.0249p. I don't recall seeing a TR-1 and I'd like to know what this was all about. Good luck everyone. It seems that long term ORE holders are due a bit of luck. Today is probably the best day n ages IMHO.
This is a sad day for me. Orogen Gold was the first ever share I bought, and I had dreams of making millions because here was a company that had loads and loads of gold and all they had to do was get it out. I'd been watching the early series of "Gold Rush" programme on Discovery, so in my brain it all looked easy... a couple of diggers, a bloke with a beard and hey presto.. millions in gold. However, as we see now it was not to be. And it has taught me very valuable lessons over the years about AIM and what to watch out for. As others have I am sure, I have made many other mistakes, and I've also made some money. But when I look at my original £610 investment in ORE is now worth £11 a 98.14% loss. (not my worse in history but emotional.) So I cant say I'm happy, but I believe I've had £600 worth of education on what to watch out for. Onwards and upwards.. better luck with GLOO hopefully.
Guys, put your money on a horse. This won't be worth anything in a few months time. This is a seriously bad investment that has gone down and down over the years, and it's downward spiral will continue. There is nothing to be gained here.
I've been here for years now, unfortunately, and I have seen this sad ship leaking more and more water over the years. I gave up on it but stayed just to see how low it could get. Well, it's probably going as low as it can now, which is no surprise. The one thing that irritates me the most though, is the money the directors have paid themselves over the years for doing eff all. My money was lost years ago, and some have lost considerably more than I have, but to think our money has been squandered so recklessly over the years while they have been filling their wallets year after year for doing nothing...................... I said a while ago the only value these shares had was a tax deductable loss, and this RNS has just confirmed that.
This is still 50% over the placing price....I'll take a punt @ just over 0.006, not a 50% premium..
My £20k would now be with £180... I sold at £1800 ******* scandal !!!!
Now
You guys. Was buying this at 1.04p few years ago. Promised production within 3 years. Ed lied!! £20k I put into these over the years sold at a £18500 loss. About 2 years ago. Shower of shit!! Good luck elsewhere guys you all deserve it!!!
It's to big but in a nutshell, placing @ 0.006p, dump all assets and become a cash shell looking to do a t/o within next 6 months
Managed to open link.
I am unable to access the RNS. Can someone copy and paste it on here please. Ta.
They would surely swallow us up in a straight buyout if Mutsk was worth their while. Another puzzle.
Need to partner us and bring value back in
Yes, and although these winter months have ensured that work on the ground is off the cards, it would have perhaps been an ideal time for Birdy to have tried to source a JV partner. News is scarce, so it still appears that ORE is going it alone, but the only bonus in this period is that the BOD can't have spent many of the remaining funds. Wages aside. The sp is poor, and we'll need more cash for this year's drilling, so we need a miracle if our sp is to hold up even around this current level.
See the board still hanging around :(:(:(
An example how a good company is run
Needs a 20/1 share consolidation
Still here, waiting for the BOD to resign. Lol.
Aye, you better loosen your grip a bit.
Still here my friend ,waiting for the mega riss to come lol!!!!
It normally pops
So will I - can't beat it....... oh hang on a minute are we talking about ORE?