Member Info for GodofHellfire

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.

Like I said, there's no certainty in anything and all that's left is speculation. We don't know the truth of matters and all we can do is wait and hope.

The company has clearly reached a flash point. There's lots of reasons to both avoid and punt, but that is only down to an investors appetite for risk. Until more facts are public, it is what it is.

It will be considered a major risk by any punter who does their own research. There is absolutely no certainty about anything. That's why it's volatile.

Tim paid homage to the Lasonde curve a couple of years ago, and by that timeline, Discovery of a resource takes 1-2 years He said we were at the beginning of that trajectory in 2021. I'd call time up on the CLP so I expect instant results with any drilling. Pressure is at boiling point now.

From what I understand of capital investment, it can take anywhere between 3 months to a year. 4 months in now. Is it going to delay us or cause operational challenges?

Got my hopes up then 😞

Well said Catbert

Bit worried that this Canadian bank funding isn't materialising. They need that money for drilling the CLP in September too right?

I've averaged for years and yet I am once again 70% down. FML

Ooooo actually just had a thought. Maybe the Canadian bank made them do it. Maybe they said "how are you going to support yourselves? We ain't giving you nothing until you can prove that you sustain yourself until that gold in the ground gets proven". That would make lots of sense