Member Info for EricDraven

Well played leaving this I reckon. Although you lost money here, which is unfortunate, perfect timing there. Hopefully anyway. I've never been involved in any t/o situation, so good luck with it. At least it's something different and a chance for a return. Difficult to envisage you not losing more money had you just remained with us in this. Cheers Wress.

Yes, our mistake was staying in after Deli didn't materialise, but we trusted that Mutsk would be much easier and quicker for them to push on with. Well, that hasn't happened, for whatever reason. There has been nothing of note to drive the sp upwards since Deli, particularly at times when we've needed to raise funds. Hence, we are where we are now, and still without timescales for further work. As shareholders, we simply can't plan any strategy of our own, because the Company hasn't given us enough official information over the last couple of years. I mean, just what the BOD has actually been doing, I've no idea. Just before Bird was appointed it appeared Ed had done nothing with ORE for almost a year. On the ground, progress was awful. From memory, almost, if not, non-existent. The sp has only declined further since Bird arrived. The problem is that neither he nor Ed seem to have any sense of urgency. I really have begun to wonder of late, if their focus is simply all to do with them taking a decent wage for minimal effort, until their retirement. I'd love for this to come good, but have just had enough after six years of utter crap. October isn't far away and I'm sticking to my plan. The one I've had to make, in the absence of a timescale from the BOD, and with no JV in sight. As you say, it won't be too long either before another fundraise is necessary. The existing shareholders won't ever be the winners with this BOD at the helm. So it seems and has been proven to date. Cheers Jib.

Yes indeed. Such volumes should have sparked a real uplift in sp and higher levels of buying, which we didn't see. I smell fish. Really hoping the FCA is still monitoring this. Only my opinion.

We know that the 0.0249ers haven't been unloaded at a loss yet though, based on recent volume since they were bought. I'm still wondering if there was privileged information given, because it's otherwise hard to believe that anyone was reeled in so readily almost immediately after that terrible placing price. Anyway, and so we wait. October looms, then I'm off. Cheers Bans.

Back to normal for us then eh? No timescale for "substantial" further work, probably because of no JV, and it'll soon be snowing. Sweet!

Poor.

Goldenballs. Lol.

Fair comments. Yes, the problem is that it may not be fishy, but it does all appear so. No holdings RNS further indicates shenanigans. We do know, on current evidence, the 0.0249er(s) won't be too chuffed. Join the club! Lol. Best wishes in your endeavours elsewhere.

.....on the evidence to date, it's HARD to imagine.

I'm not suggesting that Birdy isn't capable, only that his performance has been terribly disappointing. Capped off by the lack of mention of a further plan for Mutsk post-earn-in, no timescales for anything, and the signing off of a placing at 0.015p. Maybe he'll pull off something spectacular, then I'll gladly eat my words, but on the evidence to date, it's had to imagine. Why hasn't Birdy, with all his contacts, managed to secure a JV yet, if Mutsk is so promising? Hmmm.

Agreed. Holding a relevant geology qualification doesn't mean you can run a business, as has been seen with Ed. The problem with then bringing Birdy in is that sometimes these people already have their fingers in too many pies. They are greedy in the end and are only then doing their multi-roles for additional money, rather than anything else. We could have done with someone who would be working solely for ORE, with a complete focus on driving us forward. No distractions. Someone who is dogged and passionate, determined to do a great job for shareholders and make a success of it. We haven't got that. The wage outlay isn't justified for the current personnel or for their performance. The clock ticks. Giving it 'til the end of the month for news. Then off. Cheers Jib.

Yes, so someone must have made a killing at our expense. If the shares have been sold easily at 0.0249p, regardless of to whom, then we know the placing price of 0.015p was outrageous. No justification for it, other than for someone to make money off it. You are right to be out. Best wishes Castaway.

Nope, just me.

We did have many bulk buys coming in at 0.0249p a few weeks back, after a recent placing announcement at an sp of 0.015p, which kind of defied logic. No holdings RNS yet either, so it could have been many different buyers. Very unusual buying activity though, so far unexplained, particularly after a dire placing price. Hence, better to be cautious with this. Regards.

Ok. Be careful with this one though. We can't be guaranteed of news shortly, or what it will be. Best of luck.

No, not noticed. The buying has slowed right down over the last couple of weeks, in spite of us building up to this additional Mutsk earn-in. We need supporting news really soon or the sp may well drift back down. Best wishes.

Not by choice matey. You know the score.

I take your point, but I also think it's important that potential investors aren't pulled in on false statements of how good this is, when clearly the Company's performance for many years has been poor. I've been involved for over six years now Denty, so if you can manage another three, see if your view then remains the same as the one you hold now. Best of luck.

The bit from the last RNS I wasn't too pleased about was that Birdy just says the program has been completed "for now". As in, they've done the bare minimum to achieve the earn-in then that's it for this season: "Diamond drilling at the Mutsk gold property recommenced in early July 2016 with the twin aim of extending the footprint of the gold deposit and achieving the 80% project earn-in target by end August 2016. The programme has been completed for now, with the drilling of a total of 1,015 metres in seven holes directed towards the east. As announced on 31 August 2016 the earn-in target was achieved on schedule." It doesn't tell us when the drilling will recommence. I know they are modelling again, but they have given us no idea of a timeline for anything.

I also said that could be the case Jib. November to April, usually snowing. Can't see we have much time left for further activity on the ground. Even so, nothing to stop us securing a JV ready for next year, if Mutsk is supposedly viable. If it wasn't, then there would be no reason for the BOD to have paid for the extra earn-in. Unless the members are just fleecing us, a smokescreen to stay in a job. Anyway, I'm not putting up with waiting without news now, then witnessing another mass dilution. End of September, without a JV, I'm off. Cheers Jib.