Member Info for GodofHellfire

Gold has an open leg up to $3500 now which is completely bonkers. Back when inflation was biting they said they needed gold to be over $2000 to make a good return. It is 60% higher than that after only 2 years and with the dollar on the edge of a precipice, it's set to go higher. If stocks and bonds continue to lose their shine, then this is the place to earn a buck. We're currently sitting in a company that has positioned itself perfectly to capitalise on this change. Anyone who's on the fence will absolutely roger themselves if they missed these lows.

Yeah some cringe-worthy questions from some, whom we all know are a particular minority. I respect the BOD for answering them and they answered them well.

Looks like we have an open pit mine

Shiff is now buying mining stocks agusto....

Kitco YT interview "This is the collapse I've warned about for years"

https://youtu.be/cIQG01DRxHk?si=ntZnrwYl5db9e4ax

After the delays of the first two sets of holes which were 4 weeks apart, it has now been over 5 weeks since the last set of results....

The reason for the lowering share price is because of a low volume of buyers with a persistent seller.

Buyers evaluate the risk of losing their money. The more money someone or an institution plans to invest the more likely there would be greater scrutiny of the risk. To give you an example, if I was a multi millionaire a I'd tasked my fund manager to grow my account sensibly, would you consider ORR a safe return? The answer is no. There's not enough evidence to de-risk the investment. I would fire my fund manager if they took unpredictable risks with my money because that would amount to gambling. Why would I want a gambler managing my fund?

So, institutional investors will only invest when the return is predictable i.e it will happen but they might not know by how much.

Retail investors will do whatever they want with their money, but like I said in another post, they can safely make money on stocks, bitcoin or physical gold as it is at the moment. So speculators will likely not sniff around here until a good buck can't be made elsewhere.

News here is critical. What Rosser and the team are trying to do is ensure the best news is possible on each item, even if that means taking a bit longer to get things right. It feels like the right approach for this type of company in the position it's in. The reason I stay invested is because the news about gold discovery in mbe has always been positive which increases the odds massively.

Thanks to those that asked the great questions and thanks for posting the responses. It's very constructive to ask direct questions and seek answers rather than speculate. I hope others who have questions will do so in the upcoming AGM (you can submit questions prior if you sign up).

How does one access the telegram group?

Some good rational background there, thanks BIKWIK. It's good to hear some facts against the wild speculation from keyboard warriors who air their frustration at lack of movement of share price by making wild assumptions. I need to also balance this problem with soe rationality.

There are some other things I want to clear up about AIM in particular. First of all, this is not an Enterprise company in the FTSE. It's more akin to a start up. Therefore the same sorts of rules don't apply because there are simply less internal resources. To speculate that the leadership aren't doing enough or any good work without knowing their day-to-day challenges (baring in mind that there must be hundreds of challenges operating this type of company in this type of jurisdiction) is just naïve.

Salaries for start ups often require employing people who are willing to take some risk with their career because small companies like this are high risk. Therefore again, treating it like an enterprise in terms of salaries doesn't make sense when you have to consider the challenges of recruiting good people who are willing to gamble with their career and livelihoods.

Stating that leadership should put their hands in their pockets and spend thousands to buy shares is also ignoring the likely reality that they simply don't have spare cash lying around. People live within in their means wherever they are located in the country so to think that all the board are super rich, highly paid with tens of thousands of pounds to spend on shares is equally naïve.

Anyone who thinks you can analyse a chart for an AIM company like this one simply doesn't understand maths. Statistical analysis requires large volumes of data otherwise it's nonsense. Judging chart patterns on 40 trades a day is laughable.

This type of company on AIM only moves the share price based on newsflow. The only thing the board can do is keep up the marketing so that investors are aware and watching for when the news happens. This is simple business. No marketing, no sales.

The AIM market tends to move when there's nowhere else to make money. In the last 5 years tech stocks and bitcoin is where all the money is being made so why gamble on AIM with risky companies like this when you can safely invest in something more predictable? There are likely to be more traders when the other markets drop. This is what happened during the pandemic and with the chances of a trade war looming and a strong gold price, i suspect we'll start to see eyeballs return.

Next time, before you get out you pitch forks, consider that there might be more too it than the loudest angry person might be depicting. It's important to hold leadership to account, but it's only useful if it's isn't just wild angry speculation.

Ask fair and sensible questions and be patient. Don't get emotional. You shouldn't be gambling on AIM if you're emotional.

What do you mean the geology doesn't deliver Karl? Are you basing the entire geology of MBE on 4 drill holes?

I understand your frustration H2O but I don't think it's truly fair to lay all the volume blame on the BOD. If you look at AIM as a whole, from 2010 to about the middle of 2016 the whole market value of AIM was about 800 average. After that it went to between 900/1000 before crashing at the onset of the pandemic and then immediately flying up to 1250. That was 5 years ago when most of us became aware of ORR and jumped in. The whole market price right now is sitting at 682, half what it was in August 2021.

So, if the volume for the whole market has cut in half, sitting at the bottom of the various lows of the last 15 years, it doesn't feel fair to lay all the blame on the BOD, regardless of what gold is doing. The biggest mining companies are seeing their stocks at the lowest prices since December 2020 (https://www.cnbc.com/2025/03/31/european-markets-live-updates-stock-moves-tariff-news-and-data-.html).

The truth is that there is just an anxiety at the lack of news which drives the share price. Naysayers get louder when they don't hear anything. I get it, I feel frustrated too. Perhaps you'll aid some kind of hussle. But at the very least, be fair in your assassinations.

$100 per gram!

LinkedIn post:

The maiden drilling programme at the Mbe #gold project is progressing well, with well over 2,500m (approx. 38%) now completed.

#Gold mineralisation is hosted in smoky quartz veinlets with sulphides that have formed within and at the contact of quartz-feldspar porphyry units. These units have intruded the amphibolite-gneiss host rock.

There are two sets of veins, and the programme has been designed to try and capture both, whilst getting the most representative samples to send for assay.

Once the drill core is recovered from the ground, initial measurements are taken before the core is transported to the core shed for cutting, sampling and more advanced geological review.

This is precisely what we need, more influencers influencing. No-one is going to buy shares if they don't know Oriole exists

Blasting over $3000.....

I don't think there's a concern over Martin's interview, I think it's easy to comment when you're not doing it!

Great to see the Marketing effort in full bloom. They're listening to us and responding! Keep it up BOD!

Sounds like good results that result and a moderate increase to the Jorc. I'd imagine it'd become part of the MBE sale as it would make more sense to start a pit when there are multiple resources to start mining for in the country. Nothing but positive though as it's further proof of gold consistency in the country

If it closes above and stays above for 5 days then it'll likely keep climbing

Https://www.londonstockexchange.com/indices/ftse-aim-all-share

If you look at the AIM chart looking back "Max" it looks as though AIM has hit a massive resistance point not breached for 17 years. You'll also notice it reaches it's peaks when the other stock markets are crashing, presumably because there's nowhere else to make a fast buck.

The stock markets are making their most significant rollover since 2022 with the last 6 months of gains already wiped out.

What I'm trying to say is, if the main market keeps going doing, we should start to see people come back. If they do and we release news at the same time then....... C'mon OOORRRRR!!!!

Good responses all, keep them coming:)

What is it you all specifically want that is within the power and control of the BOD to act upon right now?

"Go faster" is probably not giving them enough credit.