Member Info for GingerHippo

"The IPO and history is of no concern to me."

The history should be a concern if you can see that what is happening now is exactly the same as was has been happening for over ten years already. Ignore it at your peril.

There's actually so many ways to look at this, so here's one you might have have thought about before.

The share price has gone down 99.87% in just over ten years. But you think this is the bottom and the share price will go up from here? So everyone who came before you was wrong, and you are the only one who is correct. You are the Zen master who can time this to perfection. You've waited until the sp drops 99.87% to buy in.

99.87%, not 99.00%. That would have been terrible because anyone who bought when the share price was 99.00% down is already 87% on that investment.

And it won't go to 99.95% down, cos that would be another 61% down from here.

No, you've timed it exactly to perfection....?! So think about that for a minute and realise that the chances of you being correct on this are miniscule.

“as a producer…” yeah…. But it’s not a producer. And to become a producer will cost so much money that by the time you can get anywhere near mining, the share price will be diluted so much that even if it did 100 bags you still won’t get your money back. That’s if the asset has as much gold as you assume (an exploration target is very different from a proven resource, obviously) and the grades are consistently commercial (consistent being an important detail).

Here’s some more maths for you. The share price is now down 99.87% since IPO. The share price needs to do 770 bags from here to get back to IPO price. How do you think they got away with that? By convincing PIs that the Thar project was so massive it was worth the dilution. That didn’t go anywhere. Then they convinced PIs that the GH was so huge it was worth diluting. That didn’t go anywhere. Now they’re convincing PIs that NZ is so huge it’s worth diluting. And people are still not seeing a pattern here. To the extent that they think I’m a bad guy for pointing this out. No, it can’t be the company that takes all your money and gives nothing back that’s bad here, it must be those pesky posters….

Stokie, if you think ORCP have a free carry, please explain why they just raised £318K to be used “primarily used to progress the development of the projects in Australia”

What do you think is happening here? The RNS you quoted says ORCP has a free carry “until the joint venture agreements are formalised and signed”. What do you think happens then? Don’t worry, I’ll tell you, ORCP will have to pay for 20% of all costs or have its ownership of the asset diluted. In other words, the project won’t be developed much before the JV because RIversgold aren’t going to pay more than they need to.

So the placing money is probably going to be spent on Naheed’s salary plus legal costs of negotiating the JV agreement (which is not free). The chances of ORCP keeping 20% of the asset without contributing any more money is zero. Where do you think that money will come from? Dilution, right? OK, do you know how much it costs to get a gold mine from the stage it’s at to production? Based on ORCP’s market cap of £1.5M, what do you think the share price will by the time they’ve raised enough money? Don’t bother thinking about it, cos there’s no way it gets that far with ORCP keeping anything close to 20%, if it ever goes anywhere at all.

"Oracle does indeed now have a free ride in the Northern Zone"

This is not at all true. It's a bad misunderstanding of an RNS from some posters here a while back, that others have assumed to be true. In fact ORCP will have to fund their 20% by cash or dilute of their holding of NZ.

Lord reminds me of the story of a man driving down the motorway and turns on his radio to hear “there’s a crazy driver going the wrong way down the motorway” to which he says “there’s more than just one, everyone’s driving the wrong way today”

So, sure, keep filtering anyone who’s pointing out the obvious. I bet you still think I’m trying to get in cheaper….

We're all underwater atm, Jungle. It's literally impossible for any of us not to be. One day hopefully....

Weird today as well. I can't explain it, I'm just buying what I can.

Fair point.

Still, with massively reduced risk we should see an immediate reaction in the sp.

We’re not sanctioned and with the war ending the risk of becoming sanctioned is practically nil. So the sp will rise regardless.

If she hadn't repriced the warrants the company would be bust by now. It was that or a more typical placing at a discount. Pick your poison.

Https://www.youtube.com/watch?v=MWvevkE0kAI

Lord is basically Homer in this clip

"It's just a little placing, it's still good its' still good.

It's just a little P&D it's still good it's still good...."

The delusion is bordering on psychotic now.

Beaub, don't worry, they've accused me of plenty already. It's like water off a duck's back by now.

I'll admit the accusations bothered me a little during the recent pump, but having fallen over 70% since there's no question that I was right so the accusations mean literally nothing to me now.

Watching this board the last month or so has been fascinating.

How do you look at a 75% drop in 6 weeks but still every day think that things are about to turn around? It's literally like a gambler who's lost on the machine so many times that he now can't stop trying again because the next one's gotta be a winner, right...? Seriously, please get some help. I'm not even kidding.

Indeed. It looks like growth in H2 wasn't as good as in H1, but actually it was just a timing issue because of the budget. Revenue that could have been expected in Q4 have come in in January.

They've also invested a lot back into the business for future growth.

Dubai license imminent. Full launch of Mastercard service (and first revenues from it) at the beginning of January.

Solid results. Market is fickle. I just keep buying.

StockMaiden Posted in: ORCP Posts: 515 Price: 0.0305

RE: Load up 💥💥💥💥💥💥💥12 Dec 2024 14:04

None of ya de-ramps and scaremongering will influence me to sell...

I know your game 🤡 s

StockMaiden Posted in: ORCP Posts: 515 Price: 0.0305

RE: Load up 💥💥💥💥💥💥💥12 Dec 2024 13:35

A little advice to the holders here.

Just filter the clowns like I have.

I have 20 clowns on filter just from this board alone.

....................................................................................................................................

StockMaiden, do you still have all the clowns filtered for being too negative?

Jp, she says it herself “Our entire business model rests on the ability to provide exposure to high quality projects, whilst de-risking the process from both an operational and financial perspective for our investors. Our agreement with Riversgold exemplifies this strategy” she essentially sold 80% of NZ for a loss. If that’s the business model the company is doomed.

Let me ask you this. If you were the CEO of a company with two huge billion dollar projects, would you dilute shareholders to raise funds for two relatively small projects? By doing that you are lowering the shareholders exposure to the big projects at a huge cost. Don’t forget the first solution for northern zone was at over 1P All imo.

Stockmaiden, it’s not the drop that’s unjustified, it was the recent pump. The price is back to where it should be, for now.

This was just a P&D and unfortunately many got caught by it. Surely even the people arguing about this a month must acknowledge this by now.

Interesting observation

Vagabond, I feel for you that you suckered into buying this on the recent pump. As I’ve said repeatedly it’s not easy to resist FOMO, sometimes even when you kind of know it’s a bad idea, there’s still a little voice in your head saying but what if they’re right……

I can also tell you that it’s not easy posting against the herd. When you try to inject some reality on a stock that’s going sharply up you get a lot of criticism and accusations thrown at you, sometimes from people you thought we’re friends. But that’s when such posts are most needed.

Look, we all make mistakes. I’ve made plenty. What’s important is that we all keep learning so we can make better decisions in the future. Let me ask you, if you feel ready, what have you learnt from this experience?