Member Info for GingerHippo

Dream, under this deal, Mega get all their money back for costs before any profit is shared with the JV.

That means MEGA makes money long before Oracle or Riversgold do, because they’ll be paid for their work and services regardless of whether the project is profitable.

In effect, this deal mainly benefits MEGA. Oracle’s upside is only if there’s any profit after costs, and with grades averaging 0.4–0.6 g/t, that doesn't seem very likely.

Adi, that is from the "select sample" per the RNS. IE these are the best results they got.

The RNS gives the average grade for the asset, being 0.4-0.6g/t.

Steve, the lower the grade, the more rock you have to dig up, crush, transport and process to get the same amount of gold.

If the grade is 0.5 g/t, you need to mine 10 tonnes of ore to get 5 grams of gold. If the grade is 5 g/t, you only need 1 tonne of ore to get the same 5 grams.

The cost of processing each tonne of ore doesn’t really change, but if you need 10 times more ore for the same gold, the costs are 10 times higher.

Grade is absolutely key in mining.

Kagsy, If the grades are low, the cost to extract the gold is very high. Under this deal, Mega get all their money back for these costs before any profit is shared with the JV.

That means MEGA makes money long before Oracle or Riversgold do, because they’ll be paid for their work and services regardless of whether the project is profitable.

In effect, this deal mainly benefits MEGA. Oracle’s upside is only if there’s any profit after costs, and with grades averaging 0.4–0.6 g/t, that doesn't seem very likely.

Orange, yes they found some excellent nuggets, but if you look through the full table of results (not the selected highlights) you'll see that overall the grades are not great.

From RNS:

"The geological model, and previously announced Exploration Target at the Northern Zone Gold Project remains valid, with a range of 200Mt - 250Mt at a grade of 0.4 g/t Au - 0.6 g/t Au."

If grades are an average of 0.4g/t I doubt ORCP would make anything. If it's 0.6g/t they might make something, but nowhere near what people here are suggesting.

Also, Sharebel, nothing has been proved up. people here keep quoting 2.5Moz as if that's the resource, when in fact it's just the TARGET. Very different thing.

The grades at NZ haven't changed. They're just as poor as before this announcement. For these low grades it costs almost as much to extract the gold as you can sell the gold for, possibly more. So even if everything goes to plan there's still no guarantee that the JV will make any profit and 10% of zero is still zero. This deal mainly benefits Mega who will have all their costs paid for before any profit goes into the JV.

People on here are taking the target, multiplying by the price of gold and assuming that ORCP should be worth 10% of that. Ridiculous.

So there's no guarantee that ORCP will make anything from this, and even if they do it won't be anywhere near what rampers here are suggesting, and in the meantime ORCP still doesn't have any money so will continue its bi-annual placing for the foreseeable.

yeah yeah yeah, i'm a sadcase for being interested. blah blah blah.....

"Baub you did well there,down 98% to down 22%."

It must have cost a small fortune to get your average down this much, meaning you've got a lot more hard-earned cash at risk now than you did when you were 98% down. Averaging down in a dog is not smart investment strategy imo.

"Having said that I bet Ginger that the mining licence is permitted before any future raise."

I bet you're right. It will probably give a brief kick to the share price too, and all the rampers will be here celebrating and shouting at the "trolls", but it will be short-lived, for all the reasons I've said.

Then the company will run out of money again and do another placing to cover its share of NZ. The rampers will say great, look at the potential, once the churn is over the share price will rise again. Meanwhile the share price will be down another 25% and the "trolls" will point this out, and be shouted at again "why are you even here....." while the rampers continue to lose money, try to suck ion more PIs, and not see the pattern that's been going on for years.

"the price is pretty mucht he bottom"

I don't think this share has a bottom.

None of the projects are every going to make Oracle any money, for all the reasons previously explained. So the twice-annual raise of c £500K will drop the share price another 25% around Feb/March 2026, and another 25% 6 months after that, another 25% 6 months after that, etc etc.

That's what's been happening for years and that's what will continue to happen for years.

It's not being manipulated. The company is practically worthless, for all the reasons previously enumerated.

Call me a troll all you want. It's not going to make a difference to the inevitable outcome here.

Lordsidcup

Posted in: ORCP

Posts: 780

Price: 0.185

No Opinion

RE: Much better chart7 Mar 2023 08:40

I don't think there's a better more solid no brainer ten bagger stock on AIM right now

Lord, that's what you said 2 years ago. Your "solid no brainer ten bagger" needs to do more than 10 bags from here to get back to the price it was when you wrote this.

Be a man and admit you were wrong!!!

Who know, I might even stop reminding you of this if you do the honourable thing and admit you got this one wrong (it happens) and stop trying to get others to make the same mistake you did.

“ You are deluded mate. I ended up as a lth because after invested the sp dropped.”

I think this says it all really. You’re in a position you never wanted to be in because you made a mistake. You almost admit it was a mistake but not quite. Instead you double down and insist this is a good investment, while sitting on huge losses.

But you don’t see that you’re the one who’s deluded. It’s insanity.

“The problem with you is that you keep looking at it from history perspective, where the ao was and where it is now. Im a Lth and will need few multi bags to break even”

Take a chance, from my perspective the problem with you is that you’re losing loads of money and keep shrugging it off like it’s normal and encouraging others to do the same.

This is not normal. The kinds of losses people are sitting on is not normal. open your eyes. Stop living in some fantasy land where needing multiples to break even is ok. And why on earth are people listening to posters who have made such bad decisions?

Yes, every share goes up and down a bit, short term, your argument is that some traders have made some money, but you’re not a trader. You’re a LTH and you’re posting like others should be too. Yet all the research points to this not being a good long term investment and all LTHs are massively down. But this is all shrugged off on the assumption they I’m agenda-driven while none of the rampers are doing proper research.

Posting here has become nothing but a popularity contest, not an exercise in rational thinking and analysis.

That article shows the highlight they came across. It’s PR. Look at the actual results in the RNS. The vast majority of the drills produced poor grades. I’m not making that up. Look through the actual results yourselves. Then you’ll understand why the market isn’t interested. It’s not MMs playing you. It’s because IIs have actually read the results.

Would be really interesting to know how many of the rampers have read through the table of results, as opposed to assuming the TARGET (not estimate) of 2.5Moz is all you need to know. The devil is in the detail.

I suspect the horrible agenda-driven (🙄) derampers know a lot more about this company than most of the rampers (who couldn’t possibly have an agenda of their own…..)

“ Who are you to say the it’s not commercial !”

They’ve published the grades achieved so far. You can check them yourself and research whether they are commercial grades or not. One or two nuggets doesn’t do it. Almost all the results so far have been below what is commercial to extract. DYOR.

“ since the 2.5-5.5 MOz estimate”

There is no 2.5Moz estimate. The 2.5Moz you’re referring to is a target.

A target. Not an estimate. Very different things.

And so far below commercial grades. Therefore worthless. Would cost more to dig up than the gold can be sold for.

Just pointing that out in case anybody’s still wondering why neither ORCP nor Riversgold’s share price has moved meaningfully

Come on, Lord, have the backbone to admit you were wrong!!

Lord, you're the one who has no right to post here. Just look at your previous predictions on this. Took two seconds to find this one. How's the share price doing? Only down over 90% in the two years since you wrote this. Your "solid no brainer ten bagger" needs to do more than 10 bags from here to get back to the price it was when you wrote this.

No, seriously, how you have the gall to keep promoting this, and why anyone listens to you, is beyond me.

lordsidcup

Posted in: ORCP

Posts: 780

Price: 0.185

No Opinion

RE: Much better chart7 Mar 2023 08:40

I don't think there's a better more solid no brainer ten bagger stock on AIM right now

If you took your head out the sand for two seconds you'd realise why the company doesn't do PR.