Europa are delighted to link with I3E and look forward to early September Serenity appraisal spud. Watch the full video here.
ART123: "I have 1 million bought about a year ago at 0.5875p and I have been trying to get rid of them at cost price ever since with no success".
So you made an investment with the totally unrealistic expectation of an immediate return? You talk about a year as though that's a lifetime. A year is nothing in terms of investing and if you've been bitten, then you only have yourself to blame. Your sense of entitlement for immediate reward and petulance if you don't get it is typical of ill-equipped investors who have flooded the market in more recent times. Sounds like Ladbrokes is more your scene.
Your strategy seems to be to hold on for as long as it takes for the SP hits your entry price and then get out for a 0% return. Brilliant. I hope you do get it, I hope you do sell, and then I hope you massively regret it in about ten years (which, for your education, is a proper investment horizon).
Hi smeeno, don't get me wrong, I am invested here and reasonably happy with my position. But I'm not sure I believe in a de-risked £30M MCAP AIM-listed proposition! I prefer to believe there is significant risk and therefore make my decisions based on that. Remember that risks arise not just from the financials and the outlook, but also from behaviours which are much less regulated on AIM. I'm sure we all have battle-scars from investments that went in unforeseen directions. Still, each to their own.
Hi muggins, there may be some substance to some of what you're saying (for example I agree that the interest rate is pretty steep) but I think the problem is that at heart the message you're giving is that in the grand scheme of things (compared to, say, bonds or blue-chips) this is a fairly high risk investment. If that's a newsflash to anybody invested here, then I'd be concerned for them. 'AIM-listed microcap relatively high risk' is not exactly news. You pay your money, you take your chances.
Also, if share price is directly correlated to specific market confidence in this share, as you suggest, then the market had a ton of confidence during 2020 when the share price increased more than four-fold. One interpretation could be that either the market was right to have that confidence, in which case it could mainly be wider market confidence that has depleted since then (which we know if true) or that the market was wrong in 2020, which only goes to prove that the market sometimes gets it wrong and therefore could also have been wrong during the period the SP has declined. I realise that I am manipulating an argument to suit a particular perspective, but I'm doing that to suggest to you that you are also doing the same.
Agree it's a really positive trading statement and in particular the reiteration of 2022 profitability and the inference of further contract announcements. The only thing I'm a little unsure of is the full year revenue guidance, which appears to be around the £13m for 2022. With H1 revenue at £2.9m, does that really mean we can expect a c.£10m H2? Interested in views.
Apologies ART123, I didn't mean to offend you. I guess I'm just slightly surprised that anybody would believe that China didn't have many (hundreds of) millions of cases, simply because they choose not to report them. I have tried on many occasions to stimulate genuine balanced debate on here but there is lamentably little appetite for it.
But you're right, it was not a generous-spirited post. My apologies.
'Then Covid kicked in early in 2020 and the Chinese in particular closed their borders which is why China has had so few cases and deaths compared to all other countries'. It's a really charming innocence ART123
When I was at school (a long time ago) some of us wanted to learn. We enjoyed knowledge, education and developing as young people. But it wasn't as simple as that because my school, like so many, was also populated by kids who were embarrassed by the idea of learning and who dedicated every day to creating disruption and distraction. Perversely, of course, it was these kids who took up most of the teachers' time and other school resources, even though they just laughed and dossed their way through their school careers, imagining it was their right to sabotage the education opportunities of others.
Fast forward more than 30 years and I occasionally go back to the town in which I grew up and will spot some of these individuals with their stupid, uncomprehending eyes blinking and bewildered at their own tedious lives and menial jobs, never having seen any of the world beyond about a ten mile radius.
The feeling I get when I see these halfwits playing at being grown-ups is pretty similar to the feeling I get when I dip into this board and see an entire weekend of two or more grown men throwing the sorts of insults at one another that would be an embarrassment in a playground, let alone an investor discussion board.
My investment in BOO, like most at this price, is not looking too smart right now. But the main thing that would make me consider selling up is seeing the derisory calibre of people I'm invested alongside. It takes pathetic to a whole new level.
Hi GingerHippo, well I certainly agree with that (ie that not all are of equal value). And yes, our market cap is so negligible that none of the projects coming to realisation is priced in at all. At the moment, what we have is a very limited number of irons in the fire and as of yesterday we have one less iron in the fire and that's why you saw a 10% reduction in share price. Anyway, at the risk of repeating myself, the only issue I really had yesterday (aside from preferring better news re JE given a choice of course) was that the RNS attempted - poorly in my view and others - to bury the JE news as a minor remark, rather than fronting it out. They shouldn't shout about it when it's a prospect and then barely whisper about it when it no longer is. I remain positive about ORCP and heavily invested. I just think they could and should have handled it better yesterday, that's all. And I don't appreciate being labelled 'glass half empty' by a few who refuse to acknowledge reality. If one can't remain objective about one's investments, that spells trouble. Best of luck to you with yours.
lordsidcup, if that's genuinely your interpretation of what happened yesterday and some people's reaction to it then I suggest you go back and read all the posts again because you clearly haven't understood a) what was communicated yesterday (positive and negative) and b) what some people's (including mine) difficulty was with it. Yes, there was some positive news relating to NZ and let's hope that transpires to be a commercially viable site. But one of our four projects being declared dead in the water is not a 'gnat' and if you still believe that the RNS was suggesting the JE results haven't yet been received, then there's just no helping you. Jundee East is dead. No problem, but it is. And I say that as a significant shareholder who wants only the best for ORCP.
'Yes I agree it's very weird to focus on anything other than the great positive news this morning that Norther Zone has commercially recoverable gold it shows the psychology of some people'
Well, the market disagrees with you and so do I.
HermanusInclusus, it's not that the glass is half empty - personally I'm pretty sanguine about the JE results because as I said, you can't win with every prospect. If even one out of the two ends up being a commercially viable site, that will represent great success. My issue is with the way they have chosen to bury the JE news, almost as a footnote. It's disrespectful to shareholders and one of the key things I look for in a company is the way it chooses to to communicate with its shareholders. Usually, I think they do a decent job. This time, I think they've got it wrong, probably based on advice from some feckless PR agency.
I would love you to be right lordsidcup but I fear that's wishful thinking. It seems quite clear to me that they have the assay results for JE and they didn't return as expected. I don't necessarily have a problem with that as it's part and parcel of exploration - they can't all be winners - but I do take issue with the way they've chosen to break the news. We're shareholders, not idiots (though the two aren't mutually exclusive, as we know!).
Yes, good to see this back at something approaching a sensible price, although markets are so volatile at the moment. Looking forward to the H1 update in early-mid July, revenue can't be particularly back-ended with a manufacturing process like this and so I'd expect to see H1 revenue of c.£5m-£6m, versus £1.2m for the same period last year.
Jamesp not being negative at all, just pointing out a helpful fact. In the past couple of weeks alone we've had one poster doing a day by day countdown to an RNS that didn't yet materialise, then we've had a pointless game of take a wild speculative guess at the share price, otherwise known as 'think of a number'. Jamesp's short observation contains more actual substance than any of those.
Adamadd, the idea that you would label somebody else as pessimistic is laughable, given we've all had to endure your many tedious meltdowns on here over the past few years. You swing wildly from believing you're going to be a millionaire tomorrow to posting insults about Naheed Memon and selling your holding about a dozen times! Grow up.
I agree it remains unlikely that a Windfall Tax will be introduced by this government but that if it were legislated, as Clued says surely there would have to be some mechanism built in to offset previous or future losses.
At a minimum I would like to see the government demonstrate progress against the £5.5bn of government waste announced in March, before it goes knocking on any other doors. Hold yourself to account before you presume to hold others to account.
Hi Guitarsolo, as the management team have said themselves, the key perceived risk is in demonstrating the manufacturing capability at scale in order to meet the higher volume contract commitments, commencing this year. The next key moment I think is likely to be an H1 2022 update in July, which will need to demonstrate the significantly increased revenues associated with that delivery. Assuming they do, it should be an eye-catching headline figure from the £1.2m in H1 2021. It would be lovely to see another substantial contract announced before that, but that may be asking for too much!