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I am just tired of this stupid question. Go and study the history of #BRH and compare the two companies.
It is indeed a shame that ODX is now below BRH in terms of the SP!!
@Sharealot
I tried IG a couple of time and compared the price with ii and Jarvis and found usually the buy prices are a bit more than the other two and sell prices are lower than the others. Have you compared it yourself?
I also toped up a few days ago too, unfortunately, I have no fund available to buy more. This is going to be a very hot stock this month, and currently, we are at the minimum share price, strong support and RR is brilliant.
I couldn't resist a top-up!! I still think Feb is going to be a hot month for ORCP. We have had a few fantastic news recently which didn't have any impact on the SP yet.
So, With the perfect news today and the confidence that Naheed shown with that massive buy, why would I go for a top up??
Remember, Naheed has recently tweeted a few different time, regarding the discussion about the CTG and CTL with high ranked people, and today the proposal was submitted? If there was no chance for this proposal, why the effort then?
Having an extra project on the plate that has some real potential is a bonus. I am happy that ORCP is chasing new areas and added potentials. But two things are really bothering me yet:
1- The recent news about Naheed buying a huge amount of shares was brilliant and quite assuring, but who did she buy from? Why they lost interest and sold? What about the other angles such as HH interests? what is he going to do after the self-lock in period? Could ORCP give us some form of assurance?
2- The fact that since the last August deadline for the LOI, nobody has any idea about the issuance of LOI is bothering. The only good news was the added potential for THar VI to be converted to Gas and fertilizers, but no commitment whatsoever.
If Naheed is confident about the issuance of the LOI, why doesn't she give us a new deadline?
I personally, would like to see a real commitment to the LOI issuance and some assurance from the HH commitment going forward, and then I will significantly increase my holding to the previous level back in July August last year.
After a fantastic RNS on Friday, a great Monday start was not unexpected! the company has a lot to offer and a great RNS to announce lunch in China is expected in a few weeks.
Director buys share at this point is nothing but confidence. Well done Naheed, that was a huge buy and a critical move. This hopefully brings some hope to the PIs and some more will buy into this little gem at this cheap level.
I said I have a gut feeling of a hot Feb, didn’t I?!!
This is a massive project, and we should not be at this cheap level. My expectation is somewhere around 0.8 to 0.9p at the moment.
Naheed was very confident and positive about all the angles. I remain positive about the company and will hold, until the good news land here. One single positive RNS here and then firework start. Nonetheless, I have a gut feeling of a very hot February!
Damay, we just posted more or less the same comment about the sellers!
We have been in this situation a couple of times though. But to me, this level is like a Godzilla support level. we will be rewarded soon, I am sure.
I guess some people are under the impression that they can move the money to a different stock make some quick money and come back here. I wish them luck, but the good thing is they may invest even more here in the very near future :), however, they most possibly will buy back at a higher channel price.
Right time to load up, strong support at these levels, and potential to grow 100% from these levels with some evidence of progress in the LOI issuance.
@Naheed, please be more specific in your tweets about your meetings. Give us some bits and pieces if there is any progress.
Great news about the gold mine. Interestingly today some GGP results also were published. Comparing the gram of AU/t in our project is significant and makes it attractive in my opinion.
This is not really a side show to distract people from Thar. you can compare those results with other mineralized mines yourself. I can give you some more information on that in my later posts.
DamayHill,
Yes, AIM has always something in his sleeve to surprise investors the most. But, effective communication between the BOD and investors is playing a key role in this stock. Quite recently, the news about the conversion of the Thar VI to Gas and Fertilisers and the recent RNS are brilliant examples.
I personally believe if we had some sort of effective communication after Naheed failed to catch the deadline for LOI in August, there wouldn't be such a dramatic SP downside movement. It is a shame that we didn't get any reassuring RNS about that time.
Now, in my humble opinion, one brilliant move is to announce directors buying shares and/or extension of the volunteer lock-in time of the HH. There must be other ways too.
Reassuring RNS results in a sea of blue buys and NO sells!! These kinds of work bring back the sentiment to the stock and eventually move the SP, and indeed I like gradual movements of the SP until the LOI lands here which will take it easily to 1.5p to 2p.
Nothing like a communicative BOD can help this stock at the moment.
MOG,
I am not the wiser investor here, but these are my reasons for investing here.
People invest in the Aim based on potentials, and ORCP has the potential to grow a lot more than this stage after the LOI being issued. In other words, the risk to reward here is big, as it can easily be a 4 bagger from this level subject to the issuance of the LOI.
Recently we all heard about the decision to convert Thar VI to Gas, Diesel and fertilizers this is even better than the initial potentials that we all invested for, hence, I believe this project will move forward soon
The important works to file the application for the LOI are mostly done and let's not forget that the Covid impact along with some other political issues there hit this project hard.
Overall, my message to the BOD has always been one thing don't let the PI to feel doubt and don't the sentiment to go away. There are many ways to give confidence to the PIs such as extending the volunteer lock-in of the HH in this project for another year, or simply directors buying a substantial amount of shares can help a lot. But, unfortunately, due to the lack of proper communication PIs have started to feel shaky atm.
I have significantly reduced my position when it was around 1p at different stages, but I have recently topped up and I will keep this position for a while and see if it is going to progress.