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No holdings rns imo is due to the sensitive nature of the holding being so close to the date of the 80% buy in deadline of august 31st 2016. Under those circumstances it is acceptable
I think we'd all love a blockbuster RNS. A buyout for 2p. Lol. If it's another project though matey, be afraid, be very afraid. No holdings RNS for the 0.0249p shares yet. Tap tap tap. Tap tap tap.
Should hold at these levels before mutsk news. I am banking on a blockbuster rns.
Otherwise we may well get a fast and furious Tokyo drift. Lol. If we can hold this level before Mutsk update, then we may have a chance of springing through 0.03p. All being well. Small wins on a severely shrunken portfolio are better than complete collapse. Lol.
.....will drive.....
Yes, let's hope there is better to come than the last RNS suggests, and, more importantly, that we secure a JV to really get things motoring. Otherwise, it's difficult to see how the current team wil drive this to where it needs to go.
Jim is correct in his apraisal
- The presence of high level diatremes at Mutsk may be suggestive of low sulphidation gold occurrences which are analogous to Montana Tunnels (Montana - USA, approximately 44 million tonnes of 0.55 g/t Au), Rosia Montana (Romania, 214.9 million tonnes @ 1.46 g/t Au) and Kelian (Indonesia, 55 million tonnes of 2.0 g/t Au). However, exploration at Mutsk is at a relatively early stage and there can be no certainty as yet that a similar deposit exists there. Dr jim oliver
Let's hope. I'm sure we all want our just deserves
Thanks for a positive post denty. I believe that what they have at mutsk is massive and the recent placing was snapped up. Good news after the 80% holding and a rise to .078p is possible.
Our last placing at 0.015p didn't help. The sp isn't around that mark now, but obviously with it being such a low figure, it wasn't a lot of money raised for the massive amount of additional shares to have then been added to the overall shares in circulation. Let's see what the next news brings anyway. That's why many of us are still here and haven't yet cut our losses. Anything on the sp is a bonus, no matter how small the amount. Cheers Denty.
Fair comments. I would say that if ORE has good news to release and it is of a price-sensitive nature, then I believe the rules dictate that it has to be released immediately, regardless of whether we yet have the 80% earn-in on Mutsk. I'm not sure about why REM rose out of the ashes, though I'm pleased that it did, but I would suggest that perhaps it had better management than ORE and decent communication with its shareholders, both of which are below par here. Best regards.
I read a lot of people talking about the amount of shares in ore and that it could never rise in price higher enough for people to get their averages back but it's not impossible, I was in rem once and they were once as low as ore is now but with some good news rem rose and now they to have 7.4b shares and a market cap of 65m and has been higher, yet they have no revenue and even made a consistent loss for the last few years. Check rem out. and also we are waiting for all the good news to come from ore but would ore share this news while they don't have the 80% yet in musk, maybe once we have the 80% then ore can share what they actually have. After all you wouldn't claim something as yours until you actually own it. Just a thought.
Yes, sorry for mentioning my average again, but I was using it to highlight to Wress just how decent the sp once was and where we are now. Our extremes of fortune Jib. It's almost too incredible to believe really, but I do apologise for reminding you and anyone else of our nosedive. I just don't want to see anyone else get nobbled by this share. Birdy and Ed will continue the fleecing if they can, in my opinion. Latest example being the placing price of 0.015p and the amount of shares placed, both of which I find quite unfunny. Cheers Jib.
Sorry. Lol. While I was typing that last post to Wress, I also came up with a cunning plan to put a hole in the bottom of Birdy's commode. Chortle.
Eric, I salute you for consistent honesty of telling everyone your 0.89p stake. I am similar but I cannot bring myself to acknowledge it. Each time you tell the BB I wince!! haha, best of luck!
Who are you & what have you done with our Eric?
Hi matey, been off the computer until now. I think we can only go off what the RNS news gives us as the loose area. They still haven't defined the exact area, it is an ongoing (half an inch per year, lol) work in progress. I can't say whether this is a duffer for those investors getting involved now, only that it's been crap for those of us who have held through thick and thin, for a number of years. In my case six. The sp has reached such a low level due to mass dilutions and no real progress of note. The Deli disappointment, then still no JORC yet on Mutsk, or a fully defined area for commencement of exploitation of the resource. It's all been sampling to date, sporadic and with no production. In my view, it looks like we are many years off digging the gold, without help via JV. In fact, we can't stand many more dilutions, we need some revenue coming in from somewhere. However, for new investors, the next news may be key. As in, will we opt for the Mutsk earn-in, and if so, will we then actually secure a JV? It's all about what happens in reality. If we don't opt for the earn-in then something is wrong with Mutsk, in my opinion. We are due to have to decide on the earn-in before the end of this month, so news soon. I can't give advice, but if in profit with this, that's something to think about. Until you sell, it simply isn't a profit. My average is 0.89p because I have held these for six years, and the sp has ended up here. Best regards.
Wress : Short answer no. Long answer of course not. They're still drilling so the zone is not defined the grades are up & down like a rabid sex crazed dog - wouldn't even begin to guess but you're welcome to have a go.... remembering it's worth nothing in the ground & getting it out is another matter & another sets of costs & headaches altogether, has to be an attractive IRR if you want cheap easy funding regardless of how small the overburden.
Additionally the most recent RNS has the grade much lower than used in the calculations. What we really need is another zone 3> g/t to balance this out and regardless of at depth or shallow. Fingers crossed!
Guys I am more than happy to have my calculations critiqued. Would like someone to tell me I am wrong! I did assume many positives stated e.g the grade is probably when lower than the average making i used in the calculations, because I wanted to be fair. One point to mention about the expected RNS on drill results. If they claim a high grade and it's not either away from the OG 16-50 OR OG13-01 areas or in the area and below 101 meters then I wouldn't give it too much attention. My thoughts are if they are achieving low grade results they will throw a drill in close to where they know they have a high grade just to keep investors interested. Let's see what happens!
OK... I'll be serious for a mo.... I expect an RNS at the end Aug or early Sep to confirm we've satisfied the conditions for the 80% earn in… currently the defined mineralization is 600x200M it's in the last RNS.
Eric or any mother from another brother.--- when will the next rns be please?
Are you expecting an rns end of august?
Lol. Well i am hoping it is about 800 by 600 and has 2mill plus inside its guts.