Member Info for BarneyR

I agree Gpickup. There are so many knowledgeable posters on this group that I'm always concerned those who post dribble may cause me to miss something vital.

Hi goalie1. I certainly wouldn't use one 1m trade at £17k as any form of indication that they know something we don't. There were also sales of 383k, 300k, 480k, 240k, 148k plus others today, so maybe they know something too?! Yesterday's trades were similar in volume. There were 2 late buys totalling nearly 1m, but there was also a sale of 833k earlier in the day. There are many people on these forums who have lots of money so £17k isn't sufficient to warrant following someone in.
As andecc has said it would be a brave decision to buy more. If you are tempted to do so, it should be because you are as confident as you can be that ORM's board are finally going to pull off this deal. Anything less than that is actually a punt - and in my view there are better opportunities out there for this type of investing. Good luck with whatever you choose to do. :)

Hi GP. Haha. It's definitely a case of FOMO!! I see you like mining shares. You can always tell a 'hot' share from the number of daily posts. EUA's 589 compared to ORM's 15 today tells its own tale. I have never done too well in this sector so my portfolio tends to be more diverse. :)

Zoro. I am not going to see your reply to me (because I've filtered you), however I'm still receiving a horrendous number of posts relating to you which kind of defeats the object of filtering. I feel for you being down on your investment (genuinely), but I'm sure in a few months time (maybe even less) you will be in the green and much happier. With your consistent moaning you are causing hatred among a group of usually very friendly individuals. Quite why they haven't filtered you too is beyond me! May I suggest you take a breather for a little while because you are single handedly clogging up the forum chat!! You've actually surpassed Eva. and Pearls which is quite an achievement!

Hi GP. Absolutely. Anyone who belongs to the ORM LTH 'club' deserves success for their loyalty and patience. I've been waiting years for something exciting to happen. I'm still sitting on 20% of my original holding. It has become the girlfriend who is impossible to dump!! She will have to do something pretty serious to say goodbye completely! Like not getting this deal over the line!! ;)

There is insufficient news coming out of the company to warrant me piling in! To do so would be a punt (as I have mentioned previously). ORM does not deserve any more of my investment money. If there is no news by the end of this month I'll be selling my remaining holding and putting the money into one of my more favoured holdings which have performed considerably better over the last month, 3 months, 6 months, 12 months. It's my worst performing holding by a country mile, has become a cure for insomnia and imo there are more exciting and fruitful opportunities elsewhere.

Hi Mathman. Haha. I knew I wouldn't be the only one!! If we all filter the same offenders or just ignore their posts these people will eventually go away. The reason why I have filtered the group below is because they are continuously obscuring the intelligent posts. The 3 main reasons for me filtering are:
1. Blatant ramping / deramping (without sensible rational behind it). E.g. Share price will be £3.50 tomorrow!
2. Engaging in needless bickering - rather than using the board for it was supposed to be used for.
3. Whining because the share price hasn't risen to a level they expected it to. Self explanatory!

The usual suspects are: Pearls; SR123; gregpeck7; obstando; Tiger16; DJG123; eva. ; zoro9791; IlIllIlI

I really value the opinion of the intelligent posters. Like many of us, it forms part of our own DD. The ARB board (for me at least) now has far more clarity in terms of sensible commentary so I hope this post helps a few others. If you happen to be one of the 3 categories listed above or anyone in my filter list, please feel free to filter me too! I really won't be offended. In fact I'd prefer it.

Wow RC. That's seriously impressive!! If LSE permitted emoji's, I'd have put a 'crying with laughter face' and a 'thumbs up'.
Brilliant!!

It's hard not to respond when we see an idiotic post unfortunately. I was tempted to respond but just filtered instead.
Great idea londin_balling. I think the technology is called boolean logic! It enables the filtering of key words or a group of words (with AND/OR) within a body of text.

Hi Novicehunter. The reason why I decided to filter was because they clog up the board. I, like you, am here for the whole journey. As PW has said. It's a marathon, not a sprint. We shouldn't wish our lives away but I'm also looking forward to seeing where we'll be in 3, 6, 12 months. :)

I have no problem with balanced views and as others have rightly said, it's good to have. But those who continue to talk down ARB (or the BTC price) without any reasoning, other than to spook others into selling should not be here. I only post on boards where I have a vested interest. If I lose faith in a company I'm invested in then I simply sell. I cannot fathom who in their right mind would continually post negative views where they either no longer invested, or were of the view it was going up in smoke!
My filter list fwiw is:
eva.
Tiger16
Pearls
gregpeck?
obstando
DGJ123
SR123
zoro9791

Hi RC. Not sure if the link below will work but Blonity has a holding.
https://www.youtube.com/watch?v=wj9yhPccr4Y

Wow. I never realised Raja and Eva was the same person!! That means he can literally go fk himself!

Trademaster. Haha. It's certainly a stock to get excited about!! As Kabaa has said, the team involved are not in this for pennies. I'm not selling a single share until this reaches 50p. Then I'll get my initial investment back, plus a free ride with the profit. Onwards and upwards. ;)

Hi Trademaster. I certainly agree that we now have an upward momentum but I personally think 22p by the end of the week is overly ambitious. For that to happened we'd need some fairly significant news which I can't see happening just yet. Besides, I'm guessing that there will be an abundance of people invested who will bite your arm off for 22p! A nice slow steady rise will do me. I'd be happy with 16p by close of play Friday. :)

Hi keep-it-real. It seems our good friends in the US are spending their stimulus money on BTC instead of essential food and drink! ;)

Thanks Legalwolf. That's really helpful. :)
Given the ORM current share price, versus a 52 week high of 3.48, it may well be worth topping if we think the deal is going through.

Goldsmith99. Whenever I read posts from people like you, who clearly take joy when others lose money, I wonder what position they themselves are in. Background, job, property etc. You see, wealthy and successful people support others. They don't rejoice when other people lose money.
What you are doing is spiteful and vindictive. So the more you post negative comments, the more it proves that you have a fairly basic (non professional), or perhaps no job at all, you don't own your own home, and if you drive a car, it's most likely on finance. If I have read you wrong and you are in fact wealthy and successful then what other reason could you possibly enjoy doing what you are doing. Maybe you had an abusive childhood or your partner has left you. Either way, you clearly have a very sad life and I pity you. Why don't you go away and learn some humility? It will make you a much nicer person I promise!

Thanks flundra. You are 100% right. €37m is not a liability on the balance sheet. Simply accrued losses. And of course it will be used to mitigate the tax liability on future profits. The point I was trying to make is that the upside for the shares is the deal itself rather than the 'benefit' of avoiding a corporation tax bill. Clearly the potential value in ORM is the capital appreciation which is why I haven't sold yet. Do we have any idea how much revenue ORM are expecting to generate from the copper mine?

Guys. I really feel I need to point this out and definitely do not want to offend anyone. Retained losses are not a good thing. Saving a potential corporation tax liability in the future will not benefit shareholders in any way - I promise. Shareholders do not get to see the benefit of the mitigation of a tax liability. Ask any bank manager, accountant or business owner (which I am).

In one of the businesses I owned with a friend of mine, we had accrued retained profits in the first 2 years. In our 3rd year we acquired another company which completely wiped out our retained profits. Believe me, we were not jumping for joy about not having a corporation tax liability for a couple of years. We were actually trying to survive! It took us another 2 years to get the balance sheet back on track with retained profits.

Retained losses harm the business and its shareholders, as well as decrease shareholders’ equity. Besides being unable to pay dividends to shareholders, a company cannot leverage a negative position to grow the business (including acquisitions, geographical expansion, new products etc). Not without selling an asset or seeking external finance, the former of which ORM had to do! The truth of the matter is that a company that has accumulated a deficit of retained losses which exceeds its owner’s investment is at risk of bankruptcy. I am not saying for one second that this is the case for ORM. But if people invest in ORM it should be because of the business potential, and that alone. The deal, if the BOD can actually get it over the line, will have positive impact on the share price. This is what we are banking on!!