Member Info for DamayHill

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!).

Well that's one way to break the news that Jundee East is unviable. Bit naughty and disrespectful trying to bury it like that in an RNS about NZ which doesn't appear to say very much that's new.

Looks to me like a single buyer taking a position.

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.

Sounds as though maybe investing isn't for you, OneJagielka. And I don't mean the performance of your investments. I mean temperament.

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!

As others have said elsewhere, there are numerous places to look to support those in fuel poverty before aiming a windfall tax at a corporation that has not only to ride out the ups and downs of fuel costs over lengthy periods but which is also ploughing many billions of that back into establishing the sustainable future of energy.

Instead of trying to make cheap political capital out of this, the opposition parties and all of us taxpayers would do better to hold the government to account on eradicating for example the £5.5bn of wasteful government spending that was recently identified and announced, or the pitiful procurement processes of which successive governments have been guilty for decades.

As for the BBC, though largely well-intentioned, the corporation is absolutely paralysed by trying to make amends for its own past failures and shortcomings (its management coming close to destroying an indestructible brand), putting it at the forefront of cancel-culture and increasingly bearing no resemblance to the world in which the vast majority of us actually operate. It's also run by people who have a toe-curling sense of what's relevant and engaging, desperately trying to appeal to a young demographic who don't even watch TV. Whatever one's view of the BBC, an expensive and mandatory license fee simply to own a television, irrespective of what one watches, is completely indefensible.

Is there a production line of bitter little weirdos somewhere, that I don't know about?

Fair enough ARSENAL17 and glad you've done well over the years, which I suspected you had, but I guess my point is therefore that you do keep a good eye on the SP in order to buy and sell at opportune moments. I appreciate there's a big difference between keeping an eye on it and being obsessive about it every day (and of course no investor would advocate the latter) but everybody has their own modus operandi. Anyway, CONTINUED good luck with your investment!

To be fair ARSENAL17, that's a pretty strange brag. Anybody who has held steadfast here for over three decades would have had a terrible return on their investment. Plus, you say you don't look at the share price daily yet you post on here pretty much daily, so what, you block out the share price? Always makes me laugh when very long term holders of poorly performing stocks consider it a badge of honour. Don't get me wrong, I've invested in some poor performers, but I wouldn't be lording it over some relative newcomer...

iParnsip, you're absolutely right, but I think what irritates genuine investors is those who are probably expecting a Ladbrokes experience in terms of getting an instantaneous result for better or for worse. Not suggesting for a moment that you're one of those but there are a lot around the various boards who seem to think that a few months invested makes them a patient, long-term shareholder!

Possibly rivaldo, though I would have thought - and I'm also speculating - that international manufacturing bases are more likely, the US being the most obvious place.

Yeah I thought that Man City were going to win the FA Cup but in light of their elimination I'm going to revise my forecast and say that they won't. Can I get a job at JP Morgan?