Member Info for GingerHippo

The phrase is semantics. What you're saying is that the upwards movement will be gone soon but the downward will not.

And when I refer to the downward movement I mean the inexplicable drop of 50% in the few weeks since the WL announcement.

If +26% is called "settling back down" to you, then long may it continue to settle down.

Again, why do you call the manipulation upwards simply "a flash in the pan" and not say the manipulation downwards was "a flash in the pan" that is now being reversed? Why the negative spin?

Why should the manipulation up be called a "flash in the pan" but not the manipulation down?

Luckybob, they can't keep manipulating it up and down forever. At some point there has to be some news and then we'll see what happens.

I give a crap. I'm sure others do too.

Up 31% beats being down any day....

It's_happening.GIF

Is this our HE1 moment....?

I don't think we should assume anything will be announced at Imdaba. It's still early and there's no reason to raise PI expectations which could backfire if there's no announcement this week. It will happen in good time.

It's blue?!

Have I gone colour-blind?

I see that now. Thanks.

"GH, I don't think anyone is selling out, I think TAG is trading , or one of the other big holders."

Boom. Exactly.

So the sp drop is no reason for PIs to panic. It's designed to induce panic which is exactly why panic is the worst response. All IMO.

Analyser, how do you know they hold a long contract? I didn't realise such a product was available.

Well if it is Omni selling then it's still not being sold by insiders. They don't know any more than us about what's going on behind the scenes and there are loads of different reasons why funds sell stocks.

Why though? Since the WL announcement...?

That certainly didn't appear to be the case the week of the announcement.

Speaking of OMNI, the latest TR1 shows that they barely sold anything. So who exactly are the huge holders selling out recently?

I don't know what's happening here.

The complaints being written about recently are no differne tfrom the last 3 years.

It seems like a huge and illogical coincidence to me that the sp should plummet this badly after the WL announcement.

If it was going to drop based on the complaints being made recently, why did the sp seem to be so magnetically drawn to 0.05p for about 2 years until now. Why has it suddenly decoupled from that base point?

A post from asatara seems to always mark the bottom...

A few points:

GGP got an earn-in agreement with Newcrest, which is a huge company. BCM are good, but not as big. Who knows what will happen here. By the time the $8M of drilling has been done, we might have bigger players (Barrick) interested, but as of right now we don't.

GGP is in one of the best mining jurisdictions, if not the best. Despite new legislation, Cameroon is a higher risk jurisdiction.

Newcrest committed to $65M of drilling, compared to $8M that we have. But, it's noteworthy that with GGP they started off with only $8M for the first stage of the earn-in and it got bigger from there. That could happen here too, but again it hasn't yet.

GGP has a much bigger resource than we have currently. Again, that could change as we do more drilling and prove up more and more.

Interest rates at GGP's height were basically zero and GGP were added to an investment index. These are external factors and obviously things can change.

GGP had a market cap of (someone correct me here please but I think it was) about £60M. So the advantages I mention here were already priced in compared to us.

GGP at its height got to about £1.2Bn market cap. That's billion with a B. So ORR doesn't have to be as big as GGP for us to do very well indeed.

I agree. Lanstead would like the share price as low as possible. But the fact that it has gone up anyway benefits us enormously.

That's my understanding too, Wolfie, although I'm not sure of the exact figures. But in general terms since the share price is now more than 0.19p, Lanstead will have to pay us more than £1.767M. So we're getting in even more money than we had anticipated, which hopefully will be well reinvested in exploration, leading to further increases to the share price and therefore even more cash in from Lanstead etc.

Cash in is always good