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Tide could be about to change two nice buys and we are back to full ask.

Dream, the longer the Peaker close takes the more likely we are going to get a run of good news together, just what we need for solid momentum. £5m MCAP atm….

Yes good to see a bit more strength today. Not sure if others agree but despite being back down at 1.3p area, the fact we hit 2p and closed for one day above 2p it keeps the door open to rip through 2p next time, no need to back test etc. Had we closed a smidgen below 2p on the last move, from a technical point of view I would feel the rejection would have weakened the case for the move I am still hopeful of here.

Mike, just how I try and rational the pain we all feel with the swings, but I find the volatility comes before the biggest moves.

My best investment recently was AVCT in 2020, I was building a position 26p with a vision that turned out to be spot on. However it did not stop us from going to 16p before going to £2 in the space of a few weeks. I think I got my average to around 20p. One tranche I bought at 16p I sold for £1.60 in a mater of weeks. I seem to remember on my trading account they sat as consecutive trades. let’s hope my 1.3p soon become 13p :-).

Mcfcnige, frustration/doubt is where the best opportunities lie in my opinion. What I find encouraging is how little volume moves us either way, if there is a reason for people to pile in the gains we are all waiting for could arrive very quickly. Last top up for me at 1.3p, never thought we would retrace so much. However again another good sign for me is volatility, If we can do 80% swings in the quiet phase, it makes those elusive 100% plus days much more possible. Ever the optimist :-).

Mike, same page as you, although I am hopeful after Fridays RNS and with the current energy market as it is, that a pretty transformational deal can still be done. The longer things drag on the more likely it is we could get a run of good news on the different projects. The best rerates I have been in have several legs to them with good new reinforcing good news. Let’s see what the next few weeks bring.

I have been here over a year now and after reducing my holding a little in the summer last year, I have built back to the largest holding I have had. I don’t know if Scott and team will deliver on their deals, which could add a 0 to our MCAP very quickly. But the key here is the market does not seem to be expecting them to deliver on the peakers or for the mining licence to be approved. It is AIM at it’s best. If there was high confidence of the type of peaker deal mentioned in the interview we would already be well on the way to 5p. Throw in high confidence of the advancement of the nickel projects and onto 10p IMHO.

If they deliver the same progress will be made in share price, just a lot quicker. Alternatively we could still bobble around here for years with Scott collecting his salary and doing slick (I really like his interviews and personally like how he comes across) interviews ever QRT. Either way I have made my decision and sticking to it.

It is only just the beginning of Feb… I personally feel it could be any day now, the RNS was a decent hint for me. However as posted earlier we are priced at £5m MCAP because the market does not believe a deal will come. In my eyes downside risk looks minimal from here with the Nickel project ticking along, while the upside is exciting. Not recommending anyway hold more than they are comfortable with, but I personally like the risk reward profile.

Duke, your view is totally inline with the bitter posters on ADVFN, it is why we are at £5m MCAP and not £50m. We all know the view on the management team here. As I pointed out to the ADVFN guys last year, the failures you talk about was during a very tough time in the small cap resource space, my largest holding at the time went to zero. The company owned the right mine, with the right commodity with a new CEO (financier!) that owned 20% of the company, the perfect set up. He was so worried about diluting the shareholders (including himself) that when we hit the commodities bear market in 2015/16 we missed the window for finance and it all fell apart.

Now, if Scott and team fail to capitalise on being in the right space at the right time (this very moment) then…..

Let’s see how we close, the RNS this morning told me that all parties are happy with how things are going (no termination of lease for us) and that no formal extension has been put in place. My take is things are so near why bother putting another contract together. Also as I posted earlier it shows our counter parties they don’t have a lease expiration as leverage, thing will hopefully close soon.

Just my take but I have sat firm and added at this level, others have bailed.

Interesting take Mr 3 post saviour

Metal I was going to say very similar, that was not a bad RNS, we are still in the game for the peaker and anyone we are negotiating with can’t use the expiry date as leverage anymore.

The market could not be better for making a deal atm, I am happy to give it more time. The reason there is a pretty easy 5x this next few months on this is because the market does not believe Scott and team can deliver. That is the trade here, that they finally do! If they don’t there is plenty in the Nickel play to underpin a MCAP far north of here. AIMHO

Siennaj, that is my take, I did get another 100k at 1.4p in the end but my broker let nothing go at 1.35p which would have been great. If there is no depth to the supply I can only assume it is a bit of fishing.

The way I look at it is a peaker deal would be huge, but yet again the deal making is taking longer than expected. However at £5m MCAP I am happy to be in for the Nickel alone. Not saying I don’t expect the peaker deal to come good! But at this valuation I am personally grateful to add and see where we go from here.

Can’t even get 100k on this drop… 20,000 shares only, what a waste of time.

Seinnaj, agree Scott can not complain about the share price when he is the conductor of it. You miss a beat the share price responds. But as others have said an RNS should have been out yesterday/this morning if there were any material problems, I suspect it is in everyone’s interest to get any deal over the line that has clearly been in discussions for a while.

Given the energy complex atm with sky higher grid balancing prices these projects should certainly be gaining interest.

1.4p appears to be a long term support and prices sometime return to key levels despite the landscape changing massively to the upside. Let’s see if some buyers come in, it could be quite a solid rebound.

Yes, for me the MOU was a game changer primarily due to the calibre of the partners as Malik stated. I have been in AIM resource stocks and MOU need to be treated with caution. However I see this one as a step to show the PNG government CRCL is serious about moving this project forward.

Very happy that we did not get news last week with how the markets were, maybe next week will bring a more bullish backdrop for news.

A bit of strength showing, I genuinely expected another shot at 2p today given the wider market. Either way good to see such a small amount of buying pushing the real offer up so much, now at advertised price of 1.7p having been 1.59p not long ago. Just imagine when decent volume arrives.

Extrader, I am glad you are doing well, I just hope your posts across the BB recently did not encourage people with weaker conviction to sell based on a respected poster such as yourself sowing doubt, even if in your eyes you were trying to get to the bottom of things.

I find it amazing that experienced investors and newbies alike underestimate the impact of what negative posting on well followed public BB do. The share price can only ever be a reflection of investor (I.e BB) sentiment during period of quiet news. For ever poster on a BB there are 10’s of people that drop in on BB to gauge sentiment.

Since starting out on AIM (I am long only for my sins) I have very much stood by the rule that if I don't have anything positive to say I say nothing at all. Not because I want to be in an echo chamber, but because I know there are always plenty of posters who will self destruct their own holding by whinging or throwing up negative scenarios.

That said ORPH is pretty special for AIM and ultimately when the value is unlocked the share price will care little what has been discussed here over the recent months.

Elrico, Extrader has been on LSE and ADVFN posting the ship has sailed narrative for HVIVO on COVID CHIMs, pushing negative sentiment at a time we least needed it. It is quite possibly he has been caught out or with less than the full size of holding he wanted. He is a knowledgable and good poster but being the wrong side of a 15% move may be the crux of the gripe.