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Agreed timing is key and the floor is in here, this traded at 40p 2 years ago was in the mid 20p's last year and hit 16p in January, all rises coming from basement levels when least expected also.
I just have a feeling the Prof has something lined up, if he has and it's a JV with a major the shares will fly, 40p-50p is a real possibility, who knows he may even be prepared to sell the entire project.
The current price is a no brainer entry point IMO, I have added recently.
A run back to the .40p region looks on, the RSI is still in neutral territory, volume over recent sessions is building and the share price is at the lower end of the newly established trading range.
It is getting increasingly harder to buy in any size also, always a good sign.
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according to jb there will be $500m released by *****ons fund to invest in the projects within a few weeks, ska is mentioned again briefly and should be a recipient of some of that cash.
https://youtu.be/mb3ojytjkok
From that interview and one last week the Prof looks a very happy man, no way does he seem to rue the loss of Demir, I am rather surprised more are not buying the shares given their current depressed level, one whiff of any corporate action and you are talking multi bags in value add.
There appears to be a few buyers nibbling away at AYM over the last week, with copper surging ahead in price no wonder, surely management must be close to delivering some form of corporate action on Grangesberg, the former CEO hinted a deal was in the making last year.
Also of note the AIM index has broken through long established moving averages, suggests the small cap bear market is over.
A good time to be buying therefore.
The point I was making was since early January a new trading range has established, from .26p to .42p it is clearly evident on the chart, charts can be used for a number of investment decisions, the RSI is a typical one for example, in respect of ORR we are near the bottom of that range and the RSI is in neutral territory.
Based on the above it is more prudent to buy now than it would be if we were at the top of the range and the RSI was in overbought territory, unfortunately due to lack of liquidity on AIM (as a result of horrific investor losses over the last 3 years) investors have turned into traders and work in swarms, timing an entry point is key.
There are fewer and fewer long term holders of these juniors unfortunately, all I was suggesting is buying now is a good opportunity in respect of ORR.
Anyone betting on falling share prices (especially in the Health & Nutrition sector) will lose, the AIM index is running into bull market territory, it has fallen circa 50%, gains will be staggering for these juniors.
CNSL will be trading above 10p by year end IMO, just wait and see.
https://x.com/SharePickers/status/1788244654049132642
Took a look at a few charts over the holiday period, ORR seems to have formed a base around .26p with a new trading range .26p to .42p since January, current levels look a good entry point IMO.
Of course add to the mix expected news which has been telegraphed by the new CEO.
The chart looks strong here, a bowl is forming with a run back to 1.2p likely, the RSI has bounced of a near 12 month low, now sitting at 42 from a heavily overbought 84 in November.
Not a bad entry point IMO.
Excellent NPV of $545m, let the re-rate begin !
Just posted on X, CEO comments.
https://x.com/GreenRocMining/status/1787733657160929469
What I cannot get my head around is companies with smaller projects in far less friendly countries than the UK are finding JV and funding partners with ease, the latest being KAV and even POW (which has a plethora of projects) had Rick Rule taking a stake, there are many others.
I have no idea what the heck is going on at AYM, their assets have enormous potential to deliver value, way beyond the current pathetic market cap, but no-one from the BOD seems able to deliver value to them over many years.
There has been no interview with the new CEO which is poor from a PR perspective also.
Some material news is needed, the current status quo is unacceptable.
Clearly something material is going on in the background here, so much could happen, new JV's, Senala news (sale?)
The new CEO clearly has a different skill set to TL who was mainly a Geologist.
This looks an excellent entry point, the RSI has fallen from significantly overbought to neutral in 8 weeks, plenty of room for upside therefore, from the interview yesterday there could be some unexpected news shortly.
It is becoming increasingly hard to buy in any real size here, we know there is a background buyer picking up anything that comes onto the market as well.
The free float is minimal, shareholders are aware of the prospective upside (10p-15p really is possible) so no-one is selling, the result being market makers will need to raise the price quickly to attract any sell volume and even then it is likely to be minimal.
When this moves it will be dynamic make no mistake, it is still under the radar but not for much longer IMO.
Good luck trying to get any shares at current levels !!
I feel one of the main issues that has held the share price down both currently and even more historically (remember even in strong markets ORR underperformed) has been the BOD's lack of understanding of the City, brokers and links to High Net Worth investors.
In the good old days, Stratex was cash rich, they had circa £30m in the bank at one point, when Tim Livesey took the reigns there was only around £2m left when it ran out they went cap in hand to a bucket shop broker with no understanding of the consequences, their ability under the regime of TL & BS to raise cash has been poor for shareholders, their timing has also been woeful.
Having looked at the new CEO one stand out is his experience in financial markets, clearly he has contacts, I think that will be exceptionally important moving forward, he will also understand the shenanigans of what goes on in a negative way behind the scenes concerning AIM, such as shorting/forward selling etc.
I very much doubt we will ever see a deal with Lanstead again as a result of his appointment.
In all I think the appointment will be extremely beneficial to ORR and its shareholders, I struggle to understand why the shares fell yesterday as a result of the news.
From the new CEO's Linkedin page...
' This is combined with twenty years' international financial markets experience in the natural resources sector in the City of London as a mining analyst, corporate finance arranger and advisor, and investor relations expert'
I have to say the Prof looked very relaxed and, once again, gave hints that there is interest from parties.
It is now clear why the JV terminated, Demir wanted to explore but Conroy wanted to progress a mine to deliver cash-flow. That should be a comfort as the break was not related to the quality of the project.
The market will revalue Conroy from these very low levels, it is nigh impossible to get a decent slice of stock at current prices which is a clue, if a JV of substance is announced with the intention to build a mine the shares will rocket, speculation could also drive a re-pricing.
New lengthy interview with the Prof just released....
https://youtu.be/qsGUWzWWa78?feature=shared
They sure are making it hard to buy around current levels, there has to be a real chance the Prof already has some party lined up to move into a new JV agreement, he has been interviewed quite a lot recently and continually refers to wanting to build a mine, interest from major companies, in talks/meetings etc. All the clues.
No wonder it is hard to buy, if a deal can be reached with a major the shares will rocket, the current valuation (circa £4m) is a great entry point IMO.
Shares temporarily suspended due to auditor delays, near completion they suggest.
First impressions the new CEO has an excellent background, remember it was Eileen Carr that played the largest part in bringing the JV to BCM.
I have been critical of TL for a long time, this move to me is of no concern, I would not be surprised if he takes a permanent position at MTL given they have acquired exploration licences.
With Eileen Carr in place you can be sure her interests are fully aligned to shareholders not withstanding her own £200,000 investment.
The shares hit a 4 year low this morning, that is balmy given the investment made by Demir (£5m) and the exit by them on excellent terms for Conroy, leaving them holding 100% once again.
The price is a gift currently, the sellers today will be kicking themselves soon enough, the Prof is a wily old so and so, no-one thought he would secure a JV at all let alone with an entity as large as Demir, but now he has openly spoken about interest from majors.
If a deal with a major is announced the share price will rocket, sub £4m m/cap is farcical.