Member Info for HawaiifiveO

Never ever come across a BOD who deliberately post an RNS to destroy shareholder value.

I remain convinced whoever these 'investors' are they are onside with the BOD, it all makes perfect sense now, crash the share price by shorting, news deliberately withheld by the BOD, remember this statement on 20th June.....

" I look forward to sharing further announcements about our commercial progress and details of the initial allocation of our Bitcoin Treasury Reserve Strategy in the COMING DAYS." Ewan Collinge CEO.

That 'coming days' news never came, on the day of the RNS the shares hit 3.25p, investors piled in the next day expecting imminent news, the shares hit 4.6p, but the day after the slump began and snowballed as the company remained silent, bashers appeared on the bulletin boards, the 'selling' continued at ever lower prices, price down to 1.4p, it is obvious the stock has been shorted, IMO 100% by 'the investors'

Every shareholder should vote against any motion to secure funding from this 'investor group' I have no doubt there is a large naked forward sold short position in this stock, if they are not furnished with cheap shares to close the group will have to buy them back in the market.

It is all very grubby, very grubby.

This is typical of the small cap space, totally crooked, so the shares have fallen from albeit a spiky 4p+ down to 1.4p in relatively short time, you can bet whatever you like the 'investor group' were party to shorting the stock in the knowledge (with BOD backing) they could enter at a basement level pricing and close those shorts and make money on the way back up.

Did anyone notice the news blackout whilst the fall was in place, sure as heck it happened for a reason.

One would sincerely hope that 'shareholder approval' is not given for this deal, if they want in they need to pay the going rate, the shares were trading at 8p last September just to remind everyone.

What is in it for the BOD to even consider a deal at rock bottom levels, this is doomed to fail, the RNS today is an abomination.

The sector is booming, investors search for the next multi bag opportunity, everyone knows this moves fast on thin volume due to just 55m shares in issue, the stock traded at 45p at the height of the last sector bull market in 2021, currently valued at £2.5m, only a matter of time before folks latch on !

Ignore the trolls, this is a BUY

Now 'no quotes available' with IG

IG want 2.17p (advertised offer 2p) for just 100,000 shares currently, clearly something is driving this move, a number of online platforms are 'at best' only.

Couple of 1m buys also.

You really are a smooth basher oldsharedog, so a stock that has plummetted from 8p last October to sub 1.6p is only 'allowed' to rise back to 2p according to your research.

More likely to hit 2.5p to 3p if momentum builds

Well done to the long term investors, so many of these minnows are still hideously undervalued, I mentioned one example in my last post, there are many others still in the £2m/£3m/£4m m/cap range.

Interesting what is going on at Goldstone Res also, CEO was formally here as a Non Exec and ORR had a % stake. GRL AGM was interesting, announced they received a bid in April (rumours say at 1.6p) BOD rejected it.

What has it to do with ORR, well BCM, not many know of the bid approach (GRL under radar) but could ORR be involved ? GRL now only .45p but a regular 1m buyer !!!

GRL is one to watch.

The stock is massively oversold and due a material technical bounce, plain and simple, when it turns the move will be dynamic.

Well whatever the situation there appears to be a steady 1m buyer, very little stock is on offer currently which suggests the shares are poised for some recovery, if the 'bid' was pitched around 1.6p in April then maybe this entity is looking beyond the current poor grade situation.

News in some form must be imminent, cannot see how the company can remain quiet for much longer following events at the AGM.

Someone has just picked up 4m shares at .25p pre market open !

So they did not inform the market of a offer for the company when the share price was trading around 1.2p in April, now the share price sits at .45p.

In my view the CEO's position is untenable unless shareholder value can be restored sooner than later, if the largest shareholder supports the current BOD then they have to fund the company accordingly, if via equity it has to be at a premium, also a restructure of the gold loan would be necessary to account for the failed 'forecasts' by EP, she had to know back in Feb/March the 1000oz per month 'target' would never be reached near term yet persisted to suggest it would.

I tend to agree with the bulls, at current levels the shares look cheap, notwithstanding the fact another offer for the company could happen, the fall in the stock price looks overdone.

Very little stock on offer all of a sudden, noticed the price can move disproportionally, it's a thin market, the shares hit 7.45p on 1st August.

Maybe news next week, seems to be the price driver.

Kutzzz

Thank you for your post, the question is do they REALLY have a plan to deliver shareholder value and in what timeframe or is this just more waffle, if so what is it? Remember they have been in Cameroon since 2018, over a decade in Senegal (for no return) even longer with the legacy assets.

I have no idea what their business model is, their 'plans' so far are very very long winded and slow, it suits them, it does not suit the shareholders. Some of my historic posts have been a hint to them that only corporate action will move the SP dial, they seem to think finding say 500oz of gold will deliver a re-rate, it will not in these markets.

For an example look no further than Conroy Gold in Ireland, they have a gold exploration target of 10m ounces plus a 500oz JORC resource, they took on a ex Barrick employee who implied the resource resembled Fosterville but the market currently values Conroy at just £2.5m. The shares traded around 5p in H1 2021, however when they announced a £4.5m deal with a Turkish Fortune 500 outfit the stock traded above 45p in a flash. Conroy are now looking for another partner, if they secure a major 40p+ will be reached again in a flash.

So to conclude, corporate deals are the only share price dial mover in these markets unless you hit the motherload like GGP or EEE, so what corporate events, if any, are ORR about to do. Retaining the current status quo model will not cut it, do they realise this I wonder ?

I would also like to know why they changed broker (yet again) do they really think broker gives a flying fig about ORR's share price, no way, I have told them this in the past in no uncertain terms, also about the shenanigans by the 'suits' It is well know forward selling of placings is rife, let alone shorting gangs that target regular equity raise companies.

Also why did they decide to extend the warrants, 150m at .25p, another albeit smaller potential overhang in the making. Do warrant holders know something we do not ?

Had I not have heard all their claims of shareholder riches in the past I would meet them but I have learnt, the hard way (my first purchase here was 1m at 4p - £40,000) that they are very good at waffle but actual delivery is non existent, their salaries are also an abomination, one thing, had the requisition won all of its motions it would have resulted in a private investor going onto the BOD, this appalled them, maybe they should invite a retail shareholder on the Renumeration Committee, but Turkeys do note vote for Christmas !

So BOD do something leftfield for once.

I think today's block selling was Lanstead, the BOD can say what they want but dealing with this outfit has been a disaster from a share price performance, killing investor sentiment and perception of the company. I really am quite sure that both Smeeton and Livesey had no clue what they were entering into and I really do mean that.

I am still of the view that the company needs to step up and DELIVER shareholder value by a corporate event, the clock is ticking down if they wish to retain their positions, with Lanstead all but gone now is the time to shock and awe the marketplace with a steady stream of meaningful events.

We will see how determined they really are over the next few months !

Maybe you should rename yourself $hareprophet$, are you bashing for your employer, probably so, that outfit, despised by the fast majority of retail investors rarely has a good word to say about AIM listed junior mining companies.

In the meantime follow the money, it was clearly returning here yesterday.

I had wondered if push comes to shove they could decide to sell Parys Mountain lock stock and barrel. The BOD are duty bound to secure shareholders value by any logical means, what is Parys worth, well let us put it this way far far more than the current circa £3m m/cap.

The company cannot issue shares under 1p, the nominal value, so it does suggest the stock looks cheap at current levels based on a number of scenarios.

I think we may see more sizable buying over the next few sessions.

My view is EP & Co need to pull a large rabbit out of the hat following the disclosures made at the AGM, if they fail to do this then surely their positions are untenable.

AIM's (the largest shareholder with 26%) seem to be in the BOD's camp, they also have financial clout to support the company, it is indeed totally possible they will provide funding at a premium therefore (1p+), IF that happens the EP & Co positions are almost certainly secured for the time being at least.

The other aspect is the undisclosed offer for Goldstone, suggested to be 1.6p a share back in April, will this party return, possibly yes.

At current levels the shares are option money but just one decent RNS on funding and you would see a major revaluation of the company, that starts from a very low base, and yes I have spotted the regular 1m share buyer.

All is not lost here, far from it actually.

Re MTL, I guess no-one knows that I was a small cog in the wheel of the Shareholder Action Group back in 2020 that 'saved' the company being taken out for peanuts, circa .75p a share, by the two largest shareholders (one being Nick Candy), the result, new management were put in place that brought the mine to major profitability following many years of production issues, circa £150m of debt was repaid, now the company is cash rich, share price 1p to 14p.

The outstanding performance of MTL had nothing to do with TL, he was appointed purely as a result of them needing a number of UK based Non Exec Directors for governance issues.

I was also a part of the requisition request at Stratex (now Oriole) back in Q3 2017 which lead to the removal of the then CEO, due to a 'technicality' part of the requisition failed on the day leaving certain individuals in place. As a result of this 'drama' Livesey and Smeeton were appointed in 2018, all of the old BOD retired, except one. I will leave the story there !!

The new 'team' made many claims during promotional events in London in H2 2018, assuring the shareholders they would restore value (at the time of TL's appointment in May the SP was circa 1p) Certain members the requisition party met management periodically making it clear the priority was to restore value by many multiples, most of the then shareholders were in at prices 2p/3p/4p+ As we all know it never happened, the share price is now .20p (even reached .07p) shares in issue have increased 8 fold.

The reason for this post is to 'come clean' so readers can judge my commentaries on ORR fairly, I have significant experience in London listed junior mining space. I am not happy with the situation here, I believe the company needs material change, the current BOD are IMO 'stale' and lack ability to deliver value, the new CEO appointment totally dumbfounded me, oh BTW where is he ?? Judging by other posters comments, some with sizable positions, it is clear that there is an ever increasing level of discontentment building, quite rightly too.

Now is the time for the low performance BOD to step up, there has never been a better time as Lanstead are out, the two year onslaught of selling has ended. Management need to bang their heads together and work a way to deliver significant shareholder value, it needs to be via a corporate event, no other means will cut it. In my view they have 2 to 3 months to step up, if not pressure needs putting on the company via various means, the good news is shareholder activism can and has delivered results quite recently elsewhere.

For clarity I have ADDED to my position here as market dynamics suggest to me that the shares are technically cheap, I also believe the BOD are aware of growing discontentment which should stimulate action, when the chips are down usually management step up.

This was trading at 7.5p on 1st August, looks cheap !

Every time I pop in on this board I notice 'oldsharedog' bashing away, dominating the conversation, positive comments are not allowed on his watch. Of course he is not shorting, nor are his chums, just here to 'advise' Yeah right.

Shorting is probably as popular as going long however no-one ever admits they are participating, strange that !

Thinly traded stocks like CYK can move disproportionally on very modest sentiment change, worth bearing in mind, the upside here could be dynamic, will occur when least expected.

DYOR etc