Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
i'm not sure calling out orr as the worst performer at 95% is actually fair. you have to remove the heady pump and dump of the covid era from actual value because it was behaviour driven, not rational.
the thing i learnt from that explosive time was that orr have a compelling story but obviously that vision has been hard to play out. i experience this with start ups in general. vision is great but building a business and getting people to put their money where their mouth is is tough when in a high interest rate high inflation environment (which many don't even remember).
so if they survive, which is the absolute essential need right now, and they manage to get through the tough times and launch their product (find gold) then that compelling story has already proven it can garner explosive interest.
the tit for tat arguing on this board is rather boring. we all know the facts, we keep telling eachother, and the bod read it. so can everyone get off their soap boxes and be productive (being quiet is also productive when you're a bit negative). i don't agree with coyote's blinkered viewpoints but i also don't think it's sensible to **** off the company because either you're damaging your own held position or you are actually damaging other's positions with no care other than your own self-righteousness. the rule is dyor, not ward off people and save them from "wasting their money". it's free speech yes, but your words are harming people so be considerate.
I've seen a few juniors collapse recently so if Orr are still going, then it's not all bad news for now
Goldman Sachs are down 33% because they are exposed. Don't see JPMorgan down 33% and they have the same environment. So yeah, if I was a shareholder of GS I certainly would blame them for engineering their exposure to loss of income
Kutzz - "hosting several parties in Cameroon"? Black tie or an informal affair?
Caveat. Maths not my strong point. For ORR to have over a billion Mcap, it would need to trade at about 30p. That would be a 333 bagger from today's price?
Just filter eachother
It's freedom of speech. It's anyone's choice to listen or ignore. It's a public forum. Having a go at eachother is just about you.
I have no idea on the amounts. But based on what they have said it does imply that there's a short stint before money comes in.
I imagine there would always be the option to furlough....?
I'm reassured by that. Sounds very much like a coiled spring now. They've got their fingers in so many pies I can imagine them all coming back at once and completely transforming their situation. That would catapult the share price without a doubt. More waiting but really sounds like the last mile. Let's hope for a good Christmas present or 10
I wish there was something a little more concrete
My understanding of the Canadian bank is that they are an investment bank which means it's not their money they are investing and therefore they have to obtain interest and approval from their investors. So it's very plausible that they are dragging it out depending on their appetite for high risk.
Also, the share price will not rise until there is a volume of investors. The average investor will not hand over cash when there are risks and unknowns. Orr is absolutely full of risk because there is no cash so it's obvious why the price sinks and won't grow.
We could speculate all year as to why things are slow but we just don't know the truth. So it's alive until it's not. The end.
If that happens, we need to meme stock the funk outta this old dog haha
It's so easy to work yourself into a panic about this sort of stuff but I have comfort in knowing that all their jobs are on the line and Eileen stands to lose a significant amount of money so if there is an issue with funding, nothing focuses mind more than survival. Necessity breeds invention so I'm hopeful that impetus (if indeed impetus is required and we were worrying about nothing the whole time) will lead to a breakthrough announcement.
I'm actually hoping that it coincides with the global recession (if it ever arrives) because that could lead to a bonanza
Whatever way you look at it, we'll know the answer soon. Either they'll get funding and we're off. Or they'll have to massively fess up that they've lost funding and do a raise. They would probably be terminal as that would paint a very bleak picture and call their ability to run the business into question.
Either way, we'll know soon. Our money will double from where it is now, or it'll all be gone.
Brace brace
Does that mean they don't have any then?
Still no news. Literally 2 weeks left. If there's no news by that point then I think we're in trouble and time to cut the extreme losses
Handbags at dawn ladies (packed full of fivers)
For the whole sector to get out of this place it has been stuck the last couple of years there needs to be a proper global recession. Once that's endured and we come out the other side, that's when this sector will come back. It will not grow in a high interest environment.
The macro picture has confused everyone because all the stimulus has boyed stocks and it all sounds like the Fed's soft landing will occur. However there's an awful lot of smart macro specialists out there that point out reasons why a soft landing is literally impossible with a big pull back more likely.
Cash has to flood out of the markets and go to cash or gold. Interest rates have to come down and then slowly that money on the sidelines will be put back to work with people hoping the new sentiment increase can gain them a big buck or two. That's when they will speculate again in small stocks.
Nothing will move until then. Q1-Q2 2024 at the earliest.
I agree this is the bottom and the last lull. Don't forget about this stock though because the timing of drill results next year could send this absolutely parabolic
Cekim my understanding is that it's the machines messin.