Member Info for GingerHippo

I'm not going top vontinue arguing about my right to post my thoughts on an investment.

Let me reiterate that a target is worthless, only a proven up resource is worth anything. Anyone telling you that NZ has x Moz is lying. Nobody could possible know at this point. It is a gamble. And a bad one as grades so far have been mostly below commercial levels.

Anyone saying this is the next GGP is either an idiot or a liar.

You're welcome.

I know more about this company than practically anyone due to my history here so I'm interested in it. But rather than pay any attention to facts you choose to question motives, because you can't argue with the facts. Why? What does this always happen on LSE? You're literally losing money and getting angry at the person pointing it out, when you should be angry at the CEO or the rampers who seem to know nothing about gold projects but convinced you to invest and lose money. And you wont change course even when this is pointed out in black and white. It's so strange.

"Are you looking to buy back in?"

Absolutely not a chance.

Stop questioning my motives in order to distract from the plain and simple facts. That's how you lose money.

Alan, but I'm right and your positivity is only going to lose you money. Just like it's lost money from everybody who has invested in this. I'm not joking.

"Grades are excellent." He says....

0.4-0.6 grams per tonne

These are not excellent. Those are poor grades. Highly unlikely to be commercial.

Million, I suggest you take a long look at the results table in the RNS. What you'll see is mostly poor grades with the occasional nugget. That does not exactly scream commercially viable resource.

They can target whatever they want, but that doesn't mean there's much of anything there. And even if there is gold there, it's unlikely to be commercially viable to mine. The grades listed are mostly below commercial grades.

Meanwhile, to fund continued exploration will cost millions, sorry, 20% of millions, which means dilution for years before you find out if this very unlikely gamble has been worthwhile.

If you're still not sure how this works, go back and read the chat on this board from 5 years ago. You'll see all the same excitement, actually even more excitement. But excitement doesn't make a good investment. It's down 97% since then and it is much more likely that it will be another 97% down in 5 years time than they find a commercially viable resource

"So what's 20% of Gold targeting 4m oz at $3300,?"

$0.

The same as if they were targeting 10Moz, 20Moz or 1,000,000,000Moz.

A target is just that. A target.

Nobody knows if there's anything worthwhile in the ground, but statistically speaking it's very unlikely. And it will cost millions to find out for sure. That's a whole lot of dilution.

"This is great news!!!!"

Yeah. Great news from November 2022 lol. The share price has gone down 93% since that was published. But sure, after lunch it's bound to go up, right....?

That’s how the industry works. Small companies do all the legwork and big companies buy it if it all pans out. Right now United needs funding and majors are happy to do that in exchange for a foot in the door, but they don’t want to spend their time on explorations. They’d much rather have a small company do that.

Paul, one thing I wouldn't do if I was 98% down would be to suggest that this is next GGP and try to dupe PIs into making the same mistake I had made.

Oh you don't like it when someone posts something "negative"? Well I don't like it when people like you and B Positive post idiotic "positive" posts, and get PIs to lose their hard earned money, when I know better than most how bad this company is.

Thank you for admitting you made a mistake. Now it is you, not me, who should shut up, rather than trying to get other PIs to make the same mistake you did.

I think you're projecting your own feelings onto what you're reading. I'm just writing common sense here.

Seriously, you're 98% down and you're still posting like I'm the problem?! If you're 98% down and still can't admit that you've made a mistake and invested in a dog then you're beyond help, and beyond all reason and logic.

But worse, you're trying to suck other Pis into the quagmire with you

"Let’s see how things play out."

How much longer do we need to wait to see how things play out? It's down 99.87% since IPO. Down 97.46% in 5 years, 43% in 1 year. At what point will ou concede that things are not playing out very well at all.

The analogy to a lottery ticket is actually not ridiculous. Finding a GGP at such an early stage really is so rare. This is not investing. You're making a punt about something you can't possibly know.

Paul, some guy won £20M on the lottery. Why not forget penny stocks and put all your money in lotto tickets since people do so well on them...

GGP is an exception, not the rule. For every GGP there's 1000 exploration companies that you can't name because they all went bust.

Positive, you clearly don't fully understand what you're buying here. Quoting the RNS is NOT research.

You say this will make ORCP £100M. You have no idea. You don't know what's in the ground. The RNS you just quoted clearly says "Riversgold has undertaken extensive exploration activities". EXPLORATION activities. And the amount of gold in the ground is an exploration target, not a proven up resource. Stop misleading people about this.

So they will continue to explore and almost certainly find (statistically speaking) that the gold is not commercially viable. Grades of 0.4-0.6 grams per tonne are significantly lower than what is considered commercially viable to mine. I sense from your posts that you don't get that, but it's really important to this project.

Meantime, while ORCP negotiates the JV and Riversgold continues to explore, all of which will take years, ORCP will continue to do a placing every few months at 20-30% discount each time, so that if you come back here in 5 years, the share price will be 98% down from where it is today, if ORCP even still exists. Just like it's 98% down from 5 years ago and 5 years ago it was 98% down from 5 years before that.

You don't have to understand. Why do people comment on youtube videos or whatever?

Unfortunately this isn't a gamble, you might as well throw your money in the bin.

It's literally in one ear and out the other with you. Oh well. I've done what I can. Enjoy losing your money, but please stop trying to convince others to lose theirs.

"Some people can't see what's in front of them."

Indeed.

I don't call it a ramp. I call it ignorance of the mining sector and how this company operates.

These wild cards you talk of were there 5 years ago too. You think it was scary how high it could have gone 5 years ago? Try down 98%

BTW I noticed how your post went from "it could do 100 bags" this morning to "it could do 50 bags" this afternoon. So even in your wildest fantasy you lost 50% in less than a day. Maybe this is the investment for you….

"As I said, the IPO and history is of no concern to me."

As I said, ignore history at your peril.

And btw, when I first bought in here someone pointed out to me how badly this company had done, and I said exactly the same thing as you, that history didn't matter and it was all up from here.

Fortunately I sold out already because the share price is now down 98% from the price I first paid, even though it was already down 95% from IPO. You really don't think it could easily go down another 95% from here? And then another 95% and then another, until it's finally put out of its misery?

He was right and I was wrong and you sir are making the exact same mistake i made.