Member Info for EricDraven

Lol.

Without a JV and financial support, the recent money raised will quickly be used up, if the BOD intends to do anything else this year. They may not, because November to March/April the Mutsk location is usually covered with snow. That leaves us two months, from now until November. I suggest, considering past performance (if you can call it that), the work is finished for this year and early next. If Birdy can't secure a JV, we are buggered right up the chocolate starfish.

Fook me, I thought you were dead. Lol.

.....so markedly......

I think people were expecting further news. The BOD has had plenty of time to find a JV, considering Mutsk is supposedly promising. My guess is that not enough work has yet been undertaken on it though, to prove the project's desirability to a potential partner. The results are fairly inconsistent, erratic, depending on where you drill. Not sure why this has dropped do markedly just today though. One large sell has done it I think. Was that yours? Lol.

He has just told 4kandles that he's selling and moving on.

I hope you do take a profit.

You forgot the non-disclosure of price-sensitive information and also the massive wage that Birdy is on for operating from his bath chair, like an elderly, more disappointing version of Davros of the Daleks.

If excellent supporting news isn't forthcoming, then the 0.0249ers got completely mugged. I don't know who in their right mind would have bought in at that price, without further information, after a placing at 0.015p. Hard to believe. In fact, it all is. Lol.

Yes. We should continue to drill where the higher grades supposedly may be, to the south. From the RNS: "Hole OG16-54 is particularly interesting as it extends the gold zone further to the south where grades appear to pick up again." Of course, the word "appear" leaves some element of doubt, but a good place from which to continue. In my opinion. With a JV of course.

Amulsar is 30km away from Mutsk. That's not exactly next door, so although Birdy is comparing the two deposits, it would be more appropriate if he focused only on what we own. I know he is trying to inject a bit of optimism, but the guy down the road from me has a Porsche, whereas I have a battered old Peugeot. He is, however, still down the road. If Birdy believes the prospect is so good, yet can't source a JV within the next couple of months for the 'substantial' development of Mutsk, then I think we have to ask, why not? Best wishes all.

They shouldn't keep mentioning Amulsar. It has nothing to do with what happens at ORE. We need a JV to be announced, so that we gain financial backing. The Company can then drill on a larger scale, without recourse to shareholders. The gold results to date aren't brilliant and we can't make decent progress with the current set-up. If Birdy is unable to source a JV, then I think he should seek an outright buyer. It would otherwise take perhaps a further decade for our small team to delineate the extent of the deposit. At our cost. Good luck all.

Well it sounds good, but we need to see the evidence. I think you are the only shareholder on here who has a chance of making a profit, so if we get decent grades and the sp rises well, please act. If I had my time again, I would have traded this right down to almost zero. Lol.

Let's wait and see. 4 million plus is only in your imagination at the moment. Better to see what we actually have, and perhaps most importantly, the grades. No good if the deposit is huge but the grades aren't decent enough to make large-scale mining viable. That's why we should look only at the known information and wait for the next news. Cheers Wress.

We just need some great news Jib, that's the top and bottom of it. Cheers matey.

I take your points.

It take your points, so let's see how we are fixed after the drill result news. One point though, they did much sampling on Deli and in the end the vein system proved too complex for them to continue, in spite of the promise it showed for many years. Our lack of relevant expertise and the fact we had no JV partner at all, one with appropriate expertise, meant that Deli was shelved, Mutsk was seen as being lower grade gold than Deli, but open pit, uncomplicated by comparison, and, I believe, the deposit potentially covering a larger area. With our lack of expertise and the fact that we were, and still are a small outfit, it seemed like a better option. It was not because Deli was seen as a less valuable asset, just less viable. There is still a doubt in my mind, in view of the extremely slow progress on Mutsk, as to whether the Company can even manage that project. To date, it appears not. Hence we really need the JV. On we go. Let's find out what news brings. Best regards.

Yes. I agree. For most long-termers, we are unfortunately in a very bad situation. Let's wait for these drill results and see what the score is. A JV announcement with the results would be apt. Otherwise we are on the road of just drifting again, which is unacceptable after this length of time. Cheers Jib.

Wise words from Troaj mate. You'll find that what we'd like to happen, usually differs from what does happen in reality. Sometimes we get lucky, good stuff occurs, but not necessarily in the correct order. For Example, supposing we get great drill results, the sp will hopefully respond accordingly. However, we then immediately need news of a JV, a backer, otherwise there will be a fall in sp, and another cash call very soon, in view of the wage bill. I agree regarding the consolidation, it would be much better to reduce our shares in issue tally. No question. Only with a JV, a backer already in place though, to avoid post-consolidation dilutions. Otherwise, as you must be aware, the dilutions will begin again at the new sp and will continue until we end up where we started, because the Company is too small to go it alone and the BOD has consistently proven its incompetence over a number of years, Birdy or no Birdy. Of course, the effect on our holdings would naturally also be devastating. That's why at the sign of a good profit Wress, particularly if the sp is double what you initially paid for your shares, it should be taken. In my opinion, but only because of all the other factors which are beyond our control. Not taking a profit and holding with the belief of better days ahead has seen my shareholding today, after six years, become almost worthless. Just trying to help. I used to be like you, eternally optimistic, even when a Company's performance indicates otherwise. Best of luck.

That brandy literally cost me a kidney and having to endure a night in Fifi's sordid dungeon. The fookin' kidney removal was the easy part.