Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Good thing it was hard to buy with all the selling now.
Better entry point now though.
This is not your everyday company. It's entire capital to buy into the forthcoming drill was raised in it's entirety by an issue of 840m shares.
It takes a long time for the institutions to sell these off, especially when they have to wait so long for the share price to be at any reasonable level above the issue price.
Still in churn mode IMO.
That now Newmont/Agnico are steering the ship it will be them who receive the drilling results and them who decide when/if to even release them to Orosur?
I can see no reason why it would be in either Newmont/Agnico interests to see a strong Orosur share price but every reason why they would be happy to see it decline.
They are no longer friendly partners IMO.
Happy to be corrected.
Some real shannanigans going on here!
1) Ireland - not even mentioned so clearly nothing of interest for immediate future.
2) T&T - very disappointing to not hear anything remotely positive.
3) Morocco - still sounds great but delayed until next year. Likely several months more until the 6m plus funding for next year will be confirmed, if indeed that really is feasible.
Right now I see no reason for the share price to advance so with limited funds to spread around I'm out and ready to sit on ADV's 95% COS drill occurring in November. I anticipate coming back in here for a lot more shares after ADV result.
Of course, I could be wrong!
And compounded further by the fact there will now be no further drilling until next year.
Also, as much as am admission from DM that they completely messed up with their drilling selection for the deeper target on TAI 1 when he mentions them choosing a suitable rig for deeper prospects next year. Very unprofessional - a sound choice of rig and this drilling campaign could have brought an altogether very different result.
5p incoming or worse!
Saint-tropez
100s of millions more placing shares to get through IMO.
Anyone thinking we're nearly through is sorely mistaken. Volume needs to pick up considerably more to allow a decent churn without the price dropping back into the 2's again.
As has been mentioned though, any positive news on rig contract or other ventures could offer a decent opportunity for volume/price hike.
Great opportunity for those prepared to wait.
Clearly Trinidad progress either isn't happening or is much slower than expected. It could even be a dead duck!
Ireland - just forget it for now. Their politicians have as much influence on energy progress as they had on the IRA operating in the border regions during the conflict. I assure you, that was diddly squat.
4.6 - 5.5 until golden balls decides to illuminate the rest of us as to exactly what's going on. Upwards or downwards from there, depending on what is disseminated.
800 plus million reasons?
Placing overhang a long way to go IMHO. Price hasn't allowed placees to exit with their pound if flesh yet.
A positive update would aid matters tremendously but I guess currently there is just nothing positive to report or they would have done so already.
The hurried placing at 5p was a further indication of no positive news on the near horizon.
Of course the obvious answer to the suppressed share price could well be the answer that nobody really cares to contemplate. Namely that our 2 big backers have not seen the results to date as a resounding positive (unlike our chairman) and have decided to walk away.
This would also, IMO, be the real reason why Orosur are attempting to diverge into other businesses.
Didn't one of our board recently dispose of significantly more shares than the token amount that were bought at the same time.
Of course, I could well be wide of the mark but if my hypothesis turns out to be correct I would suggest the Chairman has known about this significant, soon to be announced, back down for quite some time.
Telling porky pies and really believes this well could be a discovery were they only able to test it then he needs to announce a second drill of the same well and get it done pronto.
Incidentally, back in at 11's and will be out again prior to next drill unless DM announces TAI-1 is being re-drilled.