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If achieved and with a feasible model then where will the additional 350k for the JV come from?
hefty sells at .022 aren't impacting the bid... yesterday nearly 12M at 15:00 today nearly 10M a short while ago..... perhaps it's some of the .0249er's realising their broker set them to sail on a river with no rudder !! JMO n all that....
wake up or hibernate - I can never tell with this share .... Golden handshake - hope not Eric - that'll be more Gold than we've ever dug up :-( Hulk Mad .......... Bannor Sad ........... Birdy Bad
He does have until the end of August to complete the earn-in, so either next week or the week after we may hear something. Obviously, don't hold your breath though. We are the purple heads. Yeah!
Next news is that Birdy will be leaving ORE. Golden handshake. Lol. Maybe these people are crap and just keep going from one job to the next, leaving conveniently before their present employer collapses. So far here, all Birdy has done is collect a huge wage, watch the sp go down and then sanction a massive placing at 0.015p. Thanks very much. Hulk mad.
Bird best get this one moving asap. Taking the **** now
Makes you wonder what they are actyually getting paid for and what actual work is getting done, laughable. M:
Colin Bird has taken on even more work this morning. See Xtract. Probably not out of choice or any disrespect to ORE shareholders you understand. More a case of needs must. Less time for the racecourse and his Serbian brood mare too, poor old chap.
Has just been announced as exec chairman of XTR from n.e.d.
Yes, we are ok Wress. Forgotten now. I think the main problem with ORE is that we don't know what is going on most of the time, because we aren't told. Leads me to believe the BOD members do close to bugger all and are just in hiding. Why else not provide regular, and more importantly, meaningful updates? Aaaaargh.
Thanks for posting the RNS reminder. Yes, I'm a night owl. If I go to bed early, before midnight, I just twitch. Posting from the UK, not the Middle East, but never say never. Lol.
Lets all hope that this earn in is going smoothly along with some excellent drill results. The company is on its arse imo.
I will say i am sorry again. Yes the word is not nice. Please dont take offence. Obviously the joke was not taken in the way i meant
Orogen Gold (“Orogen”) signed an initial Memorandum of Understanding with Georaid CJSC (“Georaid”), an Armenian registered company, covering the Mutsk gold project in southern Armenia in January 2013. This was superceded by a Joint Venture Agreement (“JV Agreement”) signed in February 2014. The JV Agreement signed with Georaid covers the following main points: Orogen has the right to earn an 80% interest in the Mutsk project by spending US$2.5m on exploration by 31st August 2016. If Orogen continues with the exploration programme beyond 31st December 2014, then it will issue Ordinary Shares in Orogen to the Georaid principals to the value of US$100,000. Once Orogen vests its 80% interest then both parties shall contribute pro-rata to further costs or dilute their interest. If Georaid’s interest falls to 5%, then Orogen will carry Georaid’s costs through to mine production, if/when this is achieved. Orogen will recover the costs of this carried interest from Georaid’s share of production from a mining operation. If a positive Bankable Feasibility Study is obtained on the project, then Orogen will issue further Ordinary Shares in the Company to the Georaid principals to a value of US$300,000 Source: Orogen Website. M:
Was the deal not that we had to spend 2.5 million on drillling byt the deadline, or is it a cash thing? sorry i could read back but have lost the will here a bit now! M:
End of this month is the earn-in deadline for Mutsk (deadline unless they want to spin it out to continue to give us the shaft, lol), so we must have news in a week or two. Shaft permitting. No holdings RNS from the 0.0249p merchant yet. The one without any privileged information. Cough cough. New balls please.
It would be good to know where members were from ie a UK or USA in brackets at the end of the user name, only saying this as humour can be different in different countries, i have absolutely no idea where Eric is from as he posts in the middle of the night sometimes and then mid day the next, as for Jibber i take it he is from Australia or something. i think either Eric is from the middle east or is just an insomniac? M:
Hopefully we can get some more regular new after the buy in has been completed! cheer everyone up a bit! M:
Yeh, i know what you mean, i don't mind when the wife calls me it but that is it! M:
No, it wouldn't have been good, even alcohol-fuelled. Where on earth is the holdings RNS? Blast it.
i don't usually mind Morv, but it was difficult to decipher whether it was a jokey c or a serious c. I don't like a serious c. We have a couple of serious c's already running the Company.
Some people just do not like the C word, even Eric it seems. M:
Lol! M:
Ok. Your post didn't read as though you were joking. If you were then fair enough. Best regards. News required.
the falsely inflated ASK at .027 is what's causing buys @ 0.0247 to have the 'colour' of a sell (red) because of the false mid-point - I wish all trades would be the same colour 'black' meaning it would simply be a trade & the trend would be more visible.... the mid point & colour mean little when the Bid/Ask doesn't reflect reality ... just my thoughts on it