Member Info for EricDraven

Which useless morons, other than us lot, did the brokers manage to palm these turds off at 0.0249p onto then Jib? I do feel we've been stitched up, just not sure how yet. Lol.

Again with the multibag. Oy vey.

A takeover would put us out of our misery.

I can't answer that with any real accuracy, because it's all 'ifs', but I would say 0.035p. We have billions of shares in issue, so the sp won't fly to a penny unless Mutsk is defined as being the size of Russia. Lol. The problem is the drilling program. With a JV we'd be able to process faster and more efficiently, by hopefully adding the necessary expertise that I feel are currently lacking. The sp could then be upwards of 0.05p perhaps. However, it depends if a timescale is actually given. Something we don't ever appear to get. A shorter timescale may see more investors come in. Only my opinion. Regards.

Our holdings will be worth about a quid 8 years from now, because Ed and Birdy still won't have defined the extent of Mutsk. Lol. Their future wages of a million quid per resting heartbeat may be a bone of contention with some shareholders.

Pmsl. The soap turned out to be fookin' plastic as well. Couldn't even wash your little violated body clean. Meanwhile, mass dilution and our investment looks rubbish. My back passage feels like it's been parted by a JCB digger. I no longer have any innards.

Three posts the same. Alzheimer's special. Sending you an e-hug.

Howl. Your 21:29 post: "........most probably multibag 3 times over." How many fookin' bags is that? Lol.

Buying on the way up. Wow. You hard old beast. Lol.

I hope the FCA has been watching the trades since the 0.015p placing announcement. If we don't receive further news, then I feel the premium buying can be seen as dubious at the very least. Only my view. Even if a holdings RNS appears, it was quite a price to have paid without any other news at the time, which may have justified it. The later Mutsk update wasn't exactly fantastic. Doh!

......call it a day, not s day...

Lol. Yes, next few weeks, see what the news is. If Birdy decides to opt for the final earn-in and doesn't secure a JV, I think I'll call it s day. Without a JV, I believe it will just continue to mean less than slow progress. Of course, if a low ball takeover offer comes in, or Birdy tries to palm us off onto one of his other companies, then that won't do either. I'm staying with it for now, out of pure curiosity. The chance of me clawing back anything near my 0.89p average is wholly unrealistic. Curiosity killed the cat. Lol.

Yes mate. It falls firmly at the feet of the BOD, the responsibility of raising funds, and the resultant disgruntlement we now see from shareholders, for the BOD having raised at such a terrible sp, just sums up how inept the management of this Company really is. I feel the only priority the BOD actually has, is to continue to generate its own wages. As can be seen before the placing, there was no real effort from the BOD to lift the sp via decent news, no attempt to raise funds at a higher sp. The BOD obviously isn't at all concerned about the dilutive effect that a 0.015p placing price brings, and ultimately the effect of such on shareholders' pockets. Just so long as the Company ticks over and the wages keep getting paid, all is well. Nightmare.

Can't see why an ordinary investor would pay 0.0249p for a share here after the dilution announcement at 0.015p. Surely you'd investigate the news and current sp before ploughing your cash in? Seems that something has been purposefully worked, to coincide with that announcement. In my opinion of course Jib. The stockbrokers won't have simply decided to do that either. Under ORE orders? Not too pleased with this latest activity, not the buying, but what it may represent. Again, shareholders are left to ponder. I don't feel the last update on Mutsk grades warranted a 0.0249per buying masses of shares. It must had been pre-arranged with something else in mind. Takeover? Well, we can only wait and see. Additionally, if Mutsk is great, or the BOD has found something good there, about which we have yet to be informed, why raise the recent funds at only 0.015p? I think Bannor mentioned that as well. I'm afraid my trust in the management just isn't there. The BOD tells us very little and therefore operates as it pleases, and, as we've seen already re the non-disclosure, neglects the rules.

The buying isn't above premium sp as we view it now, but has been close to it, and was certainly well above the placing price, with the 0.0249er buying right after the placing announcement of the 0.015p placing shares. So that 0.0249p buy price was getting on for double the placing price, which is completely unexpected and quite unheard of. This sustained accumulation kept the sp from dropping on placing day too in my view. Anyway, I haven't worked out exactly how many have been snapped up by our mystery guest since the placing announcement, but it was tens of millions a day, which would easily put them over the 3% threshold. I may work it out later, if I have time to go through the trades. Or you can check back yourself if you really fancy it. Lol. Regards.

Regardless of whether one buyer is using numerous nominee accounts to currently remain under the disclosure threshold, if said buyer is going for a takeover of ORE, then they will have to eventually show their hand. We should know before long why the recent and continued buying was and remains to be at an absolute premium to the placing price. Cheers guys.

The only thing keeping me here now is the curiosity about the mass buying at a premium, right after the announcement of the significant dilution at 0.015p. I'm thinking either a takeover is on the cards, or (and this should not be the case), certain information has been made available to the buyer, to which ordinary shareholders like you or I are not yet privy. Holding on, just to see what happens. Regards.

We know the Chinese love this sector, so it could be that they are making a bid, but we don't yet know who is buying up the shares. The Chinese won't want to ever pay anywhere near asking price, so accumulation on the open market is probable, if they've thoroughly investigated and found something of high potential. The problem is, our ORE BOD, and this is only my opinion, may not have the necessary expertise to know just how good the Mutsk deposit can be, or if they do, then certainly not the funds to take it further. The Chinese will bring in their experts and go over it with a fine tooth comb. They can afford to do a smash and grab if the results are promising. Of course, I reckon shareholders will get very little if the Chinese have their way. A low ball special. That's only if it is the Chinese, but more likely to be one of Birdy's preferred companies. Easy peasy for him then. Minimal effort. Maximum wages.

That's quite possible. Yes.

Could be good. Earn-in on Mutsk is due before end of August, so even if there isn't that holdings RNS, it shouldn't be long before the BOD has to divulge something re moving forward. Of course, worse case situation is that Mutsk is shelved and we go back to selling gym equipment, and without a JV partner. We must trust that the 0.0249er is of sound mind, so let's see what happens once the accumulation ceases.