Wressmycase12 Aug 2016 22:56
That's a decent strategy with this, in view of it having been a catastrophe for six years. A quick in out trade for newbies. If Mutsk is to be extensively drilled, then it will require mountains of money that ORE doesn't have. The number of shares already in circulation is quite staggering, and we have no JORCed assets, so borrowing from a bank to avoid further dilution is out of the question. You will do right I feel, if you sell when it hits 0.03p. Any profit is a good thing.
Jibber is correct though, shareholders here have been extremely patient and were once optimistic, particularly over Deli Jovan. We have only ever been let down with broken promises from the BOD, along with the added ineptitudes of broken drillbits, selective drilling for short periods only, due to the management picking the wrong seasons in which to commence, often waiting until winter was closely upon us before beginning, then being unable to function on the ground and having to stop. Mass dilutions as well, because of the no JORC situation or a more precise asset definition. These factors have kept the sp low, in my view. Then there's the non-disclosure of price-sensitive information, which should have been RNSed. Wow, then nothing of any note happened for the entire year prior to Birdy joining, and there was no explanation as to why. No apologies to shareholders, with newsflow also being restricted for the last two full years, so we don't know what the hell is going on. It has got worse here year upon year, even with an easy to mine asset, but it's only because the same people are at the helm. Birdy being unfortunately of the same ilk it seems, duff and disinterested.
I pray for a takeover now, or, failing that, a few resignations and some new blood to drive the business forward.
Balls.
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