Member Info for EricDraven

Could be Jib. I meant "Company" not "Conpany". Cough cough. Desperate times for the BOD. I expect the gravy train to keep rolling though. We know the three drill efforts will be the last until next year, so if Birdy is at all bothered he'll be taking the time between to chase a JV. Have to see.

Yes, I fully expect the vote to be a 'yes' overall, from those unseen shareholders. Lol. The poor folks who bought in at 0.0249p too, they won't want to give up on their investment so early, and will probably vote for the proposals. Rock and a hard place. Such a shame, the management of the Conpany, but I can't see things changing markedly enough to save our investments from further peril. There will be more dilution and still no JV. Slowey should have resigned, but such people as these have no duty to others, to shareholders, only to themselves. Shame.

It's just a shame your chips cost about a hundred quid per chip. Lol.

Hi matey. Yes, good news today and pleased that they drilled south after it looking like the right place to do so following their last efforts. Surprised only three holes overall are being drilled, but winter is closing fast, so they can't really do more now. Left it far too late again. I think the RNS was rushed out prior to the GM as well, because they could easily have waited for the results from the second hole, or from all holes upon drill completion. Of course, now we don't know how good the remaining two of three are, so that leaves it up in the air, which is typical of the BOD. I voted 'no' to the proposals a couple of weeks ago and the 'incomplete' news today just reaffirms my decision. If the gold information finally revealed from the three drills is significant, then it makes even more of a mockery of the placing at 0.015p, which, as we know, is already viewed with complete disgust anyway by existing shareholders. With the bad taste still in our mouths, the BOD has not justified the need to gain the authority to issue further shares, in my opinion. Today's news is promising, but it is only a third of the offering. It smacks both of desperation and being sly, just before they need a positive result tomorrow.

Required. Winter approaching, so we'll have to complete the step-out drilling shortly or the guys will be turning blue. Good luck all.

Preferential mates rates. I'll give you a bag of gobstoppers for them Morv.

Ha ha. They look as if they've brought their families with 'em as well. Another day trip at our expense.

We might as well have fun. Birdy is, at our expense. The step-out drilling is probably just a couple of Armenians each with a teaspoon and a corkscrew. Classic case of overkill by Ed. One geyser would usually have been more than enough. Lol. Particularly 2014 stylee, when the BOD did just enough to do nothing. Pmsl.

Howl.

Thanks, it'll fookin' collapse now. Lol. The remaining shareholders are straddling the abyss, with lapping flames teasing our nether regions. I'm staying! Lol. Morv, in all seriousness, fully understand why you have sold. I wish you well. Cheers matey.

We also need good overall grades or there won't be any point in continuing with it. Let's see then eh? If we are due a change in fortune for the better then it has to be now.

He looked embarrassed talking about Orogen and misnaming the neighbouring project didn't do him any favours. I wonder how much he was paid to say all that nonsense? Shares in issue? Cash reserves going forward? Oops, forgot to mention. I am literally grimacing. Lol.

Cripes! Surely the BOD will have to explain further at the GM just why it has requested these additional share issuing powers, before shareholders vote? Georaid doesn't appear to have been at all bothered with Mutsk, as in we haven't had information that would reinforce the point that it has been and still is interested in working with us on the project. This latest faux-pas from the BOD in the RNS needs to be cleared up as soon as possible. Jib, well spotted.

Yes Cookie, see what news, if any, we receive after the GM. I'd like to think there are alternatives if a 'no' verdict is given. The problem is, I don't know what they may be. No further mention of a Mutsk JV is disappointing. Best of luck to us all.

Fair enough. Let's see if somehow this can be raised from the ashes. Best of luck.

You make a good point regarding the actual gold. It doesn't matter how much we have in the ground really, even if the overall quality is fair, it is down purely to how the Company is managed to make the most of any potential. I think you know the answer to that, insofar as the management of our Company here is concerned. To date anyway. Cheers Pepe.

I don't think we know where the bottom is. It depends if we give the BOD additional licence to issue further shares and also if there is some semblance of a plan to really bring us value. JV? Mutsk is still undefined as to the extent, so there's much work to be done. How will it be funded is the question. Pepe, we can either sell and take out what we have left, forgetting all about this Company, or, wait and see if the sp recovers at all going forward. It hasn't in six years, but for now, ORE is surviving. Two projects is unviable though in terms of our cash reserves, so something will have to give. I'm holding now, out of interest only. No chance of a recovery to my average of 0.89p, but I simply want to see what happens. Best wishes.

Howl

Birdy must have a plan if he's supposed to be good, should the request for further share allocation be refused by the majority of shareholders. Have to see what happens after the GM, but I still think the proposals will be passed, even though many of us on here have voted 'no'. The 0.0249ers won't be pleased, they surely won't be prepared to lose everything after only recently buying at those levels, so I'm thinking they will be voting for the proposals. This needs a JV, financial support, as further dilution can't be on the menu, unless it's The Last Supper. Lol.

Good luck with this one. Thanks for the thoughtful comments, I'm sure many long-termers, myself included, appreciate them. Best regards.