Member Info for EricDraven

Brrrr, cold in here. Betterrrrrrrrrrr.

Any turn for the betterr may only be temporary, because they'll need more cash before long. From where? Oh, from us. Gulp!

I'm in at 0.89p. I'm a zillion years away from break-even. Lol.

ACME explosives, Wile E. Coyote style. Lol.

Pmsl. Knowing our luck, if we did have dynamite, every stick would have a fookin' wet fuse.

They wouldn't let us lot in.

Yes, can't disagree with that. For some reason though, I have the suspicion that the request by Birdy for these additional powers of share issuance will be granted at the GM. Then the gravy train will continue, at our expense.

I voted 'no' by the way. I won't sanction the power of further dilution to this BOD, without Bird having supplied a specific explanation as to the need for this request for extra shares. Also, the last placing price was derisory and as you say, those who bought in after that, for whatever reason, are already 40% down. They were stitched right up and it can't have been by accident. Best regards.

I feel the problem is that the results are due after the GM. If the BOD gets the 'no' vote on these extra shares being issued, then the sp will drop further. If it gets a 'yes' vote then the same situation could occur, as the reasons behind the share issue are unspecific. General purposes! So, a really positive impact of the sampling results, should they prove good, may be difficult to achieve, as we could well be starting from a lower low than we are seeing right now. Terrifying really. I can't blame anyone for bailing on that last RNS, even though sampling results are not far off. The management here is so very poor, and not many shareholders will trust that the money from any additional shares will be put to good use. In my opinion. Cheers Jib.

What a debacle.

Apologies for my spelling mistakes and any bad grammar. The old myopia is at its worst today, as I'm unfortunately without my glasses.

Yes, a difficult position indeed. I feel Bannor summed it up well too, in reference to the recent RNS, regarding the requirement of our approval to allow Bird and Co to issue yet more shares for general purposes. It's the general purposes part that irks most of us I feel. Had the RNS referred to the additional shares being required for a specific purpose, party or reason, one which would also have to be value-enhancing going forward, then that perhaps would have been acceptable. Short-term misery for longer term benefits. However, this hasn't occurred, so we would, in effect, be continuing to allow Bird and Ed the freedom to do as they please, without a specific plan, no JV mentioned, short-term misery for us, but also potentially longer-term misery to boot. As they haven't outlined what the shares would be for, why they are required, in view of performance to date, and the irresponsible action of the last placing, it is difficult to trust that they will not abuse the additional power at their disposal, should their request be granted. There is no shareholder value left here in truth, and I'm talking for existing investors of many years, even though Mutsk itself may not be at all bad in itself. The management of ORE is the acute problem, and has been all along. Best regards anyway Castaaway. Good luck in your endeavours elsewhere.

Reading that almost gave me a mild stroke.

I think we may be doomed sooner rather than later if they don't get the nod on issuance of new shares. On the other hand, why prolong our own agony so that they can continue to collect decent wages? I'm not up for that. No chance.

Agree with that. I'm going for a "no" as well. They have taken the absolute pi55.

I can think of a couple of duffers you could use as Guys!

They want our permission to issue even more shares, that's how!

Ooh, hello honkytonk. Sp up. Suckering more in. Lol.

Yes matey. If they have a JV lined up, then they should tell us. Today's RNS may then be viewed differently, as in the new shares proposed would be destined to go to the JVer. However, as they have said the idea is for us to give them the powers to issue further shares for "general purposes", then I feel they mustn't have a JV secured and today's RNS is a totally unwarranted abuse of shareholder rights. At this point I just want a bit of justice for existing shareholders, as it looks like our investment is failing due to both a disregard of the rules and a lack of decency being displayed by the BOD, in order to keep the wage gravy train running. I sincerely hope the FCA are firmly onto this bunch. Best regards.

I hope the FCA takes the BOD to task over its behaviour. Irresponsibility with shareholder money.