Member Info for Beaub11

' Big positive news and the market is missing it so far!'

You've been posting that twaddle for years, Somehow the 'market' has missed this golden opportunity !!

No, the market hasn't missed it. It's seen it, researched it and shrugged its shoulders.

Money to be made via the occasional pump and dump at best.

The CEO of Riversgold is David Lenigas.

The attached Daily Mail article tells you all you need to know about him. For those who can't be bothered to read it the final paragraph reads (in precis):-

'Mr Lenigas, an Australian who lives in Monaco, has been criticised in the past for exaggerating the success of his enterprises to jack up share prices.'

That's who you're pinning your hopes on?

https://www.dailymail.co.uk/news/article-3040111/Firm-backtracks-claim-Home-Counties-sitting-oil-Kuwait-twice-got-North-Sea.html

Oops I'm wrong................it's 10 - 20 years.

Don't take my word for it. Read this.

https://www.gold.org/gold-supply/gold-mining-lifecycle#:~:text=It%20can%20typically%20take%20between

OK so let's forget.

There are over 12 billion shares in issue with more dilution to come.

No Oracle board member has bought a single share in over 2 years.

King of the Pump and Dump David Lenigas is the CEO of Riversgold.

Less than 1% of gold exploration results in a productive mine.

It takes 5 - 10 years to get a mine actually up and running.

Investment analyst site Stockopedia describes ORCP as a 'Value trap' .

As Money Week magazine makes clear:-

'Many companies that list on Aim are junior miners or oil and gas companies. It’s not uncommon for such companies to abandon a project once it turns out to be unfeasible. Eventually, billions of shares are in issue, worth little more than confetti. Avoid these serial disappointments.'

Thus far the cynics have been right 100% of the time and the Rampers 0% of the time.

But hey, it's your money.

It can typically take between 10 and 20 years after a deposit is discovered before a gold mine is ready to produce material that can be refined into bullion.

The likelihood of a discovery leading to a mine being developed is very low - less than 0.1% of prospected sites will lead to a productive mine. And only 10% of global gold deposits contain sufficient gold to justify further development.

https://www.gold.org/gold-supply/gold-mining-lifecycle#:~:text=It%20can%20typically%20take%20between,can%20be%20refined%20into%20bullion.

If the ORCP board members haven't bought a share since March 2023 nor will anyone else.

Institutional investors would have been all over this months ago if they saw any value in it.

They don't.

Good old B_Positive.

Still howling at the moon.

Simply Google David Lenigas followed by the word 'Fraud' and be amazed at all the websites that come up re some of the 140 differenct companies he's been a short term CEO of.

As the Daily Mail describes him:-

'The controversial entrepreneur, who has been criticised for exaggerating the success of his companies to jack up share prices,'

Now the CEO of Riversgold.

Good luck.

'Nobody knows for sure what the future share price will be…'

Correct, so why does B_Positive keep telling everyone what the future share price will be?

'Who would punt 10k in orcp if had nothing going for it.'

Lenigas trying to initiate yet another pump and dump?

Escaped mental patient?

The possibilities are endless.

'The likelihood of a discovery leading to a mine being developed is very low - less than 0.1% of prospected sites will lead to a productive mine. And only 10% of global gold deposits contain sufficient gold to justify further development.'

Clear now?

'It can typically take between 10 and 20 years after a deposit is discovered before a gold mine is ready to produce material that can be refined into bullion.'

Check out the link and read expert opinion.

https://www.gold.org/gold-supply/gold-mining-lifecycle

It won't be mined for years, if ever.

Today's gold price is irrelevant unless you are mining NOW.

'As a producer this will be worth more than 100 bags from here easily.'

And yet no-one is buying. Not even the board of Oracle.

What do you know that they don't?

Get real.

I

Everyone knows the grades.

No-one's buying.

It takes years to get a mine up and running and by that time the gold price will probably be back nearer $2,000 an ounce.

Mines that are already active are doing great, potential mines that are years away from production are not.

Simple.

Give it a rest B_Positive. Posting the same message over and over just reeks of desperation.

No board member of Oracle has bought a share for over 2 years.

If that doesn't tell you something nothing will.

' I would imagine the Directors own shares as well '

Yes they do, and none of them have bought any since March 2023.

Not exactly a vote of confidence.

There's always hope. I wish you luck.

Takeachance1, I suspect with the orange idiot in the White House stock market volatility will prop up the gold price for now. However, Trump will be gone before any gold is actually being mined here so........................