Member Info for DamayHill

Very positive news today and good to see this back at a sensible SP but still some way off where it might reasonably be, I think.

Not sure whether or how many of the ‘de-ramper/non-holder’ comments are intended to be directed at me but it’s thoroughly depressing that one can’t express any view on here other than unquestioning cheerleader without these comments appearing. It so mindless and greatly diminishes the value of a discussion forum. As shareholders it’s our right, some would say obligation, to raise these questions. Why do people who claim to be so confident feel so threatened by a reasonable comment? I am absolutely a shareholder (fairly large by my standards), have been for a long time (way longer than many of you, I’m certain), and have never sold a single share.

No, ‘mid-December’ doesn’t mean a specific date and I absolutely don’t subscribe to any view that there’s anything untoward, it would just be nice if ORCP could hold to a timeframe that nobody else has imposed on them, that’s all. Perhaps a wonderful RNS will land tomorrow morning, in which case great. Perhaps it won’t land until January now, in which case no major problem, I just would expect to have been informed by now. I note the very reasonable suggestion to contact them and ask, but we really shouldn’t need to. Investor relations is part of their job, not ours.

Burleigh, just want to be clear that none of this is directed at you. I appreciate your measured posts. To answer your question from this morning, I’ve been invested here for about four years when of course Thar was the only gig in town!

Hi Burleigh, thanks and I agree with parts of what you say but the point is that after years of waiting for an LOI which (for a variety of reasons) never materialised and very lengthy radio silences, this board need to do what they say they will do or communicate very clearly when and why things change. They said mid-December and it’s now arguably beyond mid-December with no further communication. The only thing worse than being disappointed is expecting to be disappointed!

Hmm, starting to push the definition now. Whilst I take the exercising of warrants as a good sign, I sincerely hope they are not seeking to use the break to try and bury mediocre results. Doing what they have said they will do would certainly help investor confidence, which for many is pretty fragile where this one is concerned. Tomorrow the last opportunity to allow it proper momentum if the results are good.

Really terrific - well done to the team. This still feels undervalued but I’d rather have contract wins in the bank and a market that’s yet to catch up than an outlandish share price without the contracts to justify it.

AG1989 - I agree. Positive assay results to consolidate and permanently settle the SP in a new range anywhere north of 0.6p would be a good outcome. If it were to get to 1p or thereabouts, all the better.

‘What happened to the huge price rise everyone predicted after Dubai meeting ????’

Starship, when you say ‘everyone’, I think you’ll find it was actually pretty much ‘someone’ and a couple of devoted followers. Think about it, why would there be a huge share price rise after a presentation which was only allowed to contain information already publicly available? It was a silly assertion to make. With some posters on here, I would urge you to take note of the times they appear, create a big noise, and then disappear. And always think for yourself.

I hope we’ll see good news on assay results in the next few days - now that actually has the potential to prompt a rise.

Best of luck.

completelynew - with respect, your short-term outlook is not well suited to shares full stop, let alone AIM shares. It sounds as though you already sold at a loss. Good luck with wherever else you decided to invest. Over 5-10 years, this is going to do just great.

Read two posts down!

Ah, that could be a very good shout deepjoy.

Absolutely. Remember that this is also the time of year a lot of PIs will reassess their holdings and - some notable peaks and troughs aside - this has essentially been flat in 2021. There is a relatively recent brand of investor who appear to believe that unless you get a thousand per cent return within the time it takes to boil an egg then something is a dud. I suspect there’s some of that going on as the short-termers (12 months or less) believe they can get better immediate returns elsewhere.

Just taken another 160k shares at 3.14 - couldn’t resist. Almost my entire GFIN holding is within my SIPP so the enforced luxury of taking at least a 5-10yr view here (though actually I suspect it will be acquired within that timeframe). Wouldn’t be at all surprised to see this back at 3.70 - 4.00 within a matter of weeks. Good luck all.

Looks like the gold assay results is either tomorrow or, more likely, next week. I’d hope it’s no later than next week otherwise any momentum it may create will be interrupted by the markets closing for periods over Christmas.

I’ll ask her tonight between her Maths homework and her supper. Don’t worry, if she’s totally wrong she can just have another guess in a few months! I can feel a study coming on here. Deutsche analysts v Class 7F on a range of shares.

Licker, I totally agree. But it begs the question of why their analysts get paid anything at all, let alone what they do get paid. I might get my 12 year old daughter to apply for a job there and she can get paid handsomely to have a guess.

Just catching up with Friday’s note from Deutsche Bank. Upgraded their Brent price forecast for 2022 by almost 20% and adjusted their target price for BP to 404p from 320p when the share price was 340p. Gosh, what skilled, precise and technically superior individuals these analysts are.

In my job, I would be asked some serious questions as to why my initial forecasts and targets were so wide of the mark!

Burleigh, hunch or not, I think these are really valuable thoughts and ideas. You’d think there is some quid pro quo implicit here, I agree. Thanks.

Hi Burleigh, I think the other consideration is what it is that ORCP are able to actually sell on. As I understand it they have a 30 year mining lease on Thar Block VI - is this even something that can be sold? Naheed Memon’s intimation that they could sell their interest (remember it’s a minority stake) suggests that there is a significant commercial value to be sold on, but I’m not sure it’s entirely straightforward.

Spot on KSH. I would add a fourth category, which is crazy rampers who mis-timed it and by virtue of the fact that they got trapped for (horror of horrors) several weeks, now believe themselves to be ‘long-term’ shareholders!

What strange behaviour... To copy a Twitter post and then paste it on the forum that you know the original author also posts on. It almost seems as though there’s probably a simpler, far less convoluted explanation. Good luck to you Casper ;)