Member Info for beardozer

It's more to do with leading a horse to water but investors won't drink.

Most companies struggle to raise capital while HAMA doesn't. Follow the money - this could be huge especially as it's listed on the main market.

It's an admission of failure - obviously! Meanwhile, MTL is # 7 Top Riser and now a £437m company who could buy ORR for small change. I don't see what Nicaragua's got to do with spotting an undervalued asset and buying it. Running ORR appears to be a part-time job a more dynamic Management could handle with ease.

Link doesn't link!

"Additionally, all existing shareholders on the register, immediately prior to this announcement, will receive a free 1-for-1 warrant at the Issue Price ("Existing Shareholder Warrant")."

Shares in issue will be 452,134,484 which equates to an mcap of £4.11m

When I first invested in ORR many years ago it was on the grounds that it was a binary bet: huge success or total failure. The rest of my PF was invested from a similar point of view. There have been ups and downs along the way and I've bought and sold (and banked good profits with ORR in the past) but really, nothing much has changed despite ORR's progress on the ground. It's still cheap enough to regard as a binary bet and you can lead a horse to water as often as you like. I'm sad to read about fellow investors who are severely underwater here but there is such a thing as a stop loss! Then again, more or less irrelevant if the shares were bought as a binary bet. Timing is everything - yawn! How about Eileen doubles her holding and shames the rest of the Directors into putting their hands into their pockets? I think that would look like desperation! Much better to start a share buy-back as soon as some income can be generated. Or be taken over at a fraction of future value by MTL who hit a new 52 week high today and a Mkt. Cap. of £348m. And, of course, Tim Livesey knows ORR inside out.

Yes, where are the buys at a bargain price from any interested parties? It's a win-win - even the "losers" in a subsequent auction would see a multi-bag return on their investment. Something smells very strongly here but I don't know what it is. Let's hope Veteran10 wasn't being told porkies. Incidentally, which property is lined up for wedding duties? I've lost track as my dream house changes every week. I must say it focusses the mind - why is that property worth £500k more than something very similar? Current favourite is just north of Colchester @ £1.6m with stairs up to the front door I couldn't manage! Fortunately, there are alternative entrances but the swimming pool presents similar problems which could be solved by a nurse in a bikini.

"Approaches received from multiple parties interested in the development of the Zanaga Project. Discussions continue with various parties and the Company will provide further updates in due course." + " I am confident with the current momentum the Project is on a pathway to realising its true potential." What could possibly go wrong?

Sarcasm doesn't travel very well in cyberspace. And as an Aspie I rely on first impressions which are often the worst. I can only agree that the Directors should be investing a lot more of their own money but it's up to them. Maybe they view it as very high risk too? GLA!

I've thought that for a long time and then came the Pump & Dump which only tarnished the company. DYOR and this appears incredibly cheap. As are so many other companies. The problem is not enough spare money for punters to risk.

5x for those who wondered!

huge news! in a parallel dimension the sp would be up 100%! meanwhile, in this dimension, cutifani may well end up the top dog of a zanaga project that has screwed all its lths. without a change of ownership no value can be established. gla! anyone looking to invest in another frustrating company in a difficult part of afrika should research orr where my valuation has recently *****upled - but how do you unlock it?

Thank you hunniford for an excellent report & for mentioning beardozer - always appreciated!

Pleased to hear that 2m oz is achievable with even more waiting in the wings.

As for Kutzzz wanting the directors to remortgage their houses I think that's a demand too far.

Can we infer that Kutzzz has remortgaged his house?

This is an extremely high risk investment where, at any time, the Cameroon government could revoke previous agreements or be the subject of a coup.

Which could possibly take everything back to square 1. My scheme is to make so much money investing in ORR that I won't need a mortgage. GLA!

As for raising the SP I'm suddenly not that bothered - didn't Warren Buffett say you should only invest in a company if you'd be happy for the Stock Market to close the next day for 10 years? Sooner or later, a predator will pounce so, sadly, we'll never see an SP of 56p.

According to Google Finance it's up 20.39%!

...is nowhere near as bad as it looks. Current buy price is 0.215 while to sell it's 0.2075 - I feel sorry for the punters buying tiny amounts @ 0.2498 via "free" dealing platforms.

Yours included?

BIKWIK, as a shareholder in a company which has failed to provide shareholder value, you are useless!

I want to see ORR mining 500,000 ounces of gold per annum @ $1,500 profit per ounce.

500,000 x 1,500 = $750,000,000 per annum

A lowly PE of 4 implies a Mkt. Cap. of $3bn which equates to an SP of 56p if I've done my sums right.

All fine and dandy but I can't wait 10 years.

Except, why would it take that long?

Unfortunately, it's in the BOD's interest to drag things out as long as possible.

ORR would definitely be a lifestyle company if Eileen Carr hadn't put her oar in by investing heavily!

She's ruined it for the rest of them!

Can't they see that more Director buys and getting a move on would do wonders for the SP?

And they'd make far more money over a much shorter time period.

What surprises me is the lack of takeover interest at a pocket money price.

Which would pull the rug from under any Director who thought the next 5 years were going to be easy money without mining much to speak of.

Sorry to see you leave the building Golf57 but I can understand your frustration.

Good luck with wherever you invest your ORR proceeds.

"someone" was me! I also posted " I am determined not to wake up until all my dreams are fulfilled - 200p would more than cover it!"

That still stands even after my new dream car is going to cost £64k. If it's good enough for President Macron it might be good enough for me. Not happy with it being electric but the almost occult interior with tan leather seats is worth having. Obviously, wait 3 years and it's half price but I don't think I'll still be here. beardozer says goodbye until his dreams become reality.