Member Info for GodofHellfire

Also great for an ongoing relationship with the other prospects

If this was current and true wouldn't it be considered RNS worthy information?

Not sure if any of you lot saw this article that Tim posted on LinkedIn a little while ago. It's essentially a summary of what I've been reading across the board around gold sentiment. There's a much bigger picture here and there's a need for the big money to start to put a little bit of us in their portfolio. All this money printing is literally the foot on our throats but as soon as this stops and inflation or interest rates run rampant the economies around the world will sink and uncertainty will creep in and gold will be very much in favour.
https://www.mining.com/web/gold-investors-returning/

I have to disagree with the negative sentiment here at the moment. It's important to remember that Junior exploration has a process that is demonstrated within the Lassonde Curve. Concept and pre-discovery take 4-5 years and then AFTER discovery it usually climbs over 1 to 2 years. The biggest attraction to Oriole is the district package which is still very much in pre-discovery along with a few of the other areas it's exploring. What we are waiting for here is a solid discovery and all the signs are extremely positive, thanks to the good communication, but we're not quite there yet. I think if you genuinely think this is done then you should sell up and leave and not look back. But if you trust the process then have patience in the process and hold and hope like every speculative investor there ever was. Sentiment isn't going to cut it here because that's not how the Lassonde works. Only evidence of what's found in the ground with all other factors taken into account.

Seems to be holding up through all this turmoil in the markets so we must have found the true bottom. What do you lot think?

A climb happened the last time Crypto took a big hit (another long term loser over here). Hoping this goes bat**** with good drilling news and epic levels of inflation lifting gold prices

Yeah for sure. They're already committed to the area and know the state of play so I suspect they'll play it out. Otherwise maybe Tim will persuade Barrick to come and play in Cameroon which would do IAG no favours haha.

What I also find interesting is that there is soooo much chat at the moment about inflation, US stock market crash, China Evergrand default, interest rate hikes, US government taper in March, energy prices going mental, tax hikes, recession etc etc. To me all this sounds like perfect gold safe play for 2022.

Fingers crossed our perfect storm

I don't know much about the topic specifically but I'm just wondering....
What would be the decision making process on their part? They've spent a lot of money, results are evident that there is continuous gold, would they write that amount off and let it go to someone else? I remember something about Tim wanting to take opportunities to renegotiate and he is well connected so the risk to IAG might be wasted effort for the possibility of gold to go to a competitor. I wouldn't have thought gold is so prolific that they would pass up the opportunity when it's still a developing situation that they already committed to.

Just my tuppence worth :)

@Kutzz

I found this interview interesting. They talk about how Gold might go down with a market drop but inflation is likely to persist through which could pull metals and miners back up ?? all sounds logical to me :)
https://youtu.be/R2QEF7-gITg

This share was one of the biggest losers recently which means that there was a lot of excitement and substance initially. Now that traders are aware of it and that people are watching it, they'll just enjoy day trading the funk out of it until there's some solid news that relates to earnings. Until then, every little piece of news just plays into their hands and gives the impression that it's not a reliable share.

Try and relax peeps. Zoom out a little and keep the faith. Watching this SP every day is like watching a plant grow and every day hoping for the flower to bloom. It has water, a bit of soil and an experienced gardener tending to it, who ultimately wants to win 'best flower' at the local flower show. Nothing worth winning was every won easy and it's not over, so try not to treat it as if it is ;)

How does this add up exactly? Is it 155,000 ounces times the gold price c.$1800 equalling £279m? And then would IAG take 70% of that leaving ORR with £83.7m? And this would be for one location that ORR is currently looking at which had the same level of confidence throughout as the district package in Cameroon has? Interested to know how this will works out in terms of evidence of future profit and potential

I think gold digging has such a stigma, it's not like tech (which people seem to bet on when there is no profit). I don't think this share price will move until there's solid proof of incoming profit. I do believe they will make a big profit though, just in time

You assume they have money to put in? Not all Directors are rolling in cash, especially when they all took a pay cut to stay afloat. I'm sure they put in all they can

I agree that silence isn't a good sign. If I was getting results and the first bunch weren't that good I wouldn't release it and instead wait for more results. As they are waiting they probably think there are best to release them in chunks or as a whole so that the good can be released with the bad.
There's been radio silence from the social accounts for over 2 weeks which is the longest they've been quiet. So either they are all on a 2 week break or my theory may be correct.
Anyway, to me none of this matters, this share could tank down to 0.4p and I wouldn't care. The thing I am truly sold on is what Tim said about the geological zone of their 8 licences. It was actually attached to the same zone as the one in South America, when it was formed, that has proven to have bumper gold deposits. All the signs are there. Visible gold on the surface. Other miners starting to cram around their licences.
I feel this is Tim's career defining moment and he believes in it...but not for the short term. He's in for the long game. We should think like Tim and ride it with him. Fortune favours the brave, and the patient.
GLA xx

Asked HL and this is what they said

Thank you for your message.

As you state, Premier Oil has recently undertaken a merger with Chrysaor Inc, resulting in a new line of stock being issued under the name of Harbour Energy plc. This became effective on the 1 April 2021.

When a change like this takes place, we have to wait for the new shares to be issued to us via CREST, the system used for the settlement of UK and overseas shares. Until we have the new shares, the stock/price displayed may not reflect your holding and trading on your existing holding will be unavailable.

Whilst we don’t have a firm time frame as to when these will be received, we anticipate it will be in the near future. As soon as we receive the shares we’ll allocate them to clients’ accounts as quickly as possible.

Harbour Energy plc is now trading so you're able to buy additional shares should you wish, you just can't trade on your current holding until we receive the new shares as detailed above.

It'll get done for you I think. Probably be slow at doing it

The session said at the beginning that it specifically wasn't for US or Canada. Would be good to get them onboard though

I reckon we'll see an uptick today, Eurasia sellers coming to get in before the next RNS

Whoops that didn't work. Ignore that link