Member Info for HawaiifiveO

God help anyone short here (I suspect there are active short positions) it does look very promising given recent volume and the array of potential company changing news-flow that is imminent.

Berenberg are a quality broker, their 10p target price is very meaningful, also add to the mix all recent fundraisings have been supported by both the directors and the major shareholder, it is obvious why !

The question is who would want to be out of this totally illiquid and majorly undervalued stock ahead of such potential and imminent company changing news.

The current market value is still circa just £3m.

Berenberg have offered a target price of 10p and with potential to double again.

Once again it is exceptionally hard to get a decent slice of VAST stock, this would suggest there is a large background buyer or is significant and positive news in the pipeline.

Whilst this company is not popular in the investment community you cannot deny how quickly the share price can move in % terms on quite thin volumes.

I have been looking into the affairs of MR during his time as CEO of Alexander Mining. Unfortunately news releases pre 2013 do not appear online (or are hard to find), however from what I have discovered his tenure makes pretty sorry reading from a private investor point of view.

Alexander Mining IPO'ed in 2005, there were under 100m shares in issue in November 2007 when MR was appointed CEO, when he left in January 2020 there were 4.4 billion, they issued shares for some acquisitions.

MR was exceptionally shy in buying Alexander Mining shares, his first purchase was just circa £4k in early 2013, I can find no other purchases. So just one purchase in 13 years, that is how it appears.

The share price chart is linked below, the dates match his appointment date and his exit, the share price at appointment date was circa 23p when he left in January 2020 it was 0.035p.

https://ibb.co/HL1yyMMF

So to summarise the history of ORR's relatively new CEO at Alexander Mining, dilution was never a concern, he appeared shy in buying shares on market (an understatement), retail investors who paid 20p+ in 2007 were effectively wiped out by 2019.

The above is VERY concerning to me at least, more-so given the ORR's CFO stated in a online event that dilution was not a problem. We now have a CEO that clearly agrees.

My earlier posts have received a very high level of recommendations which shows there are serious concerns over the direction ORR is taking, there appears to be slipping confidence in the BOD and the way forward. They need to address these concerns, but who will step up to do that, turkeys do not vote for Christmas do they !

Oh and as for the BOD buying Lansteads 200m remaining shares LOL !

No room for doubt in my mind, the company is producing gold and the gold price is at record highs, they have cleaned up the balance sheet and are moving into higher grades, this will be reflected in higher production leading to increased revenues and profitability.

None of the above has been recognised in the current market valuation, sellers are being easily absorbed, the share price will in due course reflect the ever improving situation at Goldstone.

Have added recently and will continue to do so.

Those 2 trades were from Friday, they were priced at the then buy price.

There was a buy of 1.14m shares timed at 16.03pmtoday however, it moved the offer price back up and the stock went to NT towards the close, clearly something is brewing, maybe the EU have grated GROC status and it may have leaked, who knows.

Gold now well above $3100oz and yet we have ORR (a gold exploration company) sitting at a 15 month low having dropped 55% in six months, not a meaningful buyer in sight.

I am afraid we need to start pointing fingers at the BOD, in particular the CEO (the most strange appointment ever) and IMO the overpaid CFO needs to go or take a large pay cut (ORR has no revenue) the annual salary bill (£420k) is well in excess of peers. Readers may think this matter is trivial however a cut IRO £200k is required moving forward, try raising that level of money in the market currently and see where you get.

I am exceptionally disappointed at the way this has worked out, slowness is a trait of this outfit because it suits them, they have had Cameroon licences for half a decade but no meaningful JORC resource, ditto Senegal, a licence held for over 10 years with no meaningful outcome despite the area being surrounded by world class gold mines.

It is about time they started to perform, Eileen Carr seems to be the only entity with a meaningful financial interest, the rest are just appeasers, buying the occasional £5k's worth of stock, most PI's have more shares than them.

The fellow who talked about meaningful updates and volume driving news needs to elaborate, some have been waiting 5 years for such news others more than a decade, remember 10 years ago 1m shares would have cost £40,000 now no-one wants them for just £1,800.

With gold now at $3100oz this has to be exceptionally beneficial for Goldstone, may I respectfully suggest that those who are posting negatively here are hoping to attract weak holders to sell out so cheap stock can be acquired, the recent RNS confirmed that this company are now moving into higher grade ore and subsequently this will reflect positively on future gold production levels.

The balance sheet continues to be cleaned up and improved, this is also a positive.

The current share price looks a good entry point, the shares traded above 2p in Q3 last year when the gold price was considerably lower.

DYOR etc.

I have been accumulating here over the last few months, basically the current market valuation is just pure wrong, once again it shows how poor the AIM market is these days, no doubt these low valuations are based on the usual shenanigans of brokers/market makers/short players playing games with the shares.

The above reason is why you see so many 300%+ moves in a stock when unexpected positive news is released to market, the aforementioned entities then have to scramble to close their positions.

I have a feeling that GROC is poised for a material upside move and that EU Strategic Project Status will be the catalyst, those prospective awards are very close .

You have to be in it to win !

The shrewd are buying this make no mistake, I think there is a very good chance, following the CEO's recent post that they expect to secure Strategic Project Status, they selling yesterday was based on a certain level of ignorance with some thinking that GROC had missed out, not so.

The market cap is a total anomaly, like other companies yesterday you cannot rule out a 100%+ gain for GROC if they get SPS.

Given the large % (50%/80%/140%) moves yesterday from companies that were awarded Critical Mineral Status from the EU and clarification from the CEO that GROC were never going to be included in the 1st round as they are not EU based, there is a very real chance they WILL be included in the non EU country awards due to the quality of their graphite, both scale and quality (one of the highest grades in the world) cannot be ignored.

It is also very interesting the CEO on his Linkedin feed seems very enthused concerning the USA situation, he is posting accordingly. It would appear he deems USA involvement in Greenland as positive, remember the interest from the US bank re funding.

It looks very likely the share price will continue to appreciate from a very low base (circa £2.5m m/cap) they have recently raised £730,000, so no worries about a placing.

With a fair wind this could easily return to the 2p/2.5p range before news in anticipation of an award.

A good time to top up or add IMO, assuming the market makers will release shares, already buy limits are tight.

My last post concerning the CEO and CFO was something of a leg pull however the more I look into the appointment of Martin Rosser as CEO the more I despair, he is the perfect clone of the old long toothed Stratex brigade who were entirely in it for themselves, taking millions out in pay during their tenure, massaged the persistent gripes of the darn annoying retail shareholders.

I have to say I took my eye off the ball re Rosser, mainly due to the speed of Livesey's departure and the relatively stable share price at the time + a lot of potentially game changing news was expected post May (when he took over)

When I looked into his performance at Alexander Mining (30p to .15p) in 13 years I was shocked, you have to ask what on earth were ORR thinking off appointing a fellow with such a bad record of shareholder value destruction. Shareholders are paying this guy £130k+ a year, for what ??

The share price performance since MR's tenure has been abysmal, no effort has been made by the BOD to address the decline, historically they have proved useless in finding a group of HNW's or a boutique fund to take the slack of any selling to support shareholder value. A CEO should be out there promoting and encouraging new investors, I cannot see MR being that type of fellow, do you?

I have no confidence in the CEO nor the CFO, this company does not need a full time £100k+ pa CFO for starters, TS has been in place since Livesey and seems clueless as to what shareholders demand, does anyone remember when he said dilution does not matter, the Lanstead 'interview' was even worse, he suggested they would declare every 1% (they never have) he implied they would not be selling, that a higher share price would benefit them, utter trollop as I implied at the time.

Everything being posted by new holders re the share price and lack of activity by the BOD is an exact replica of the past, believe me it will fall on deaf ears. Do they care, not on your nelly I am afraid to say.

Let's give them a proposal, a realistic one at that, can they find someone to take the remaining Lanstead stock (circa 200m shares) that is not a tall order is it, that's about £100k's worth a month, after all they are all supposed to have 'contacts' the CFO said the shares are worth .50p after all !

Can they do it, the jury is out.

Following the post from the CEO there has to be a fair chance GROC will get the required status, he must have some idea having met EU parties involved in the 2nd half of last year.

There has been typical confusion today, the market (ably assisted by the usual bashers) assumed that GROC had missed the boat however the CEO quickly corrected that but that was not enough to reverse the share price fall.

In December GROC was trading above 2p, it has fallen on low volumes since, I tend to agree that folks will buy back in anticipation of the next round of awards. The share price could quickly recover, if they get status 3p/4p+ is entirely possible in quick time given the small free float.

The fairly new CEO took Alexander Mining from 30p to .15p over his 13 year tenure, can you imagine when cash gets tight (heaven forbid) being a fly on the wall when the CFO and CEO discuss how to raise funds.....

CFO, 'Let's do another Lanstead death spiral, last one worked pretty well.'

CEO, 'No I prefer Turner Pope, let's place, they do a great deal, only 30% discount to market.'

CFO, 'Lets toss a coin.'

CEO, OK good idea !

Problem is here you have Lanstead dumping 40m shares a month till end July with no buyers. The way this is going by the time of RLL09's suggested waiting game a 200% rise will only take the price back to .30p, assuming the ongoing share price slide continues.

Talk of a placing may be wide of the mark if the new CEO is to believed, in a recent interview he suggested they were looking at other routes to funding, only time will tell of course, he also referred to the current stock price as being too penal to go down the equity route.

Current valuation of £1.4m is balmy given gold at $3000oz, surely a JV partner cannot be so hard to secure even if they have to give a way a fair % to attain a deal.

I noticed that Lenigas has now become a 'consultant' at Wishbone, a company equally as bad for shareholder returns as RRR, it was anticipated that Poulden (the CEO/Chairman) would step down, they made a rather controversial 'acquisition/reverse transaction', the vendors (of this private company) were subsequently exposed for being a gaggle of city chums and PR guru's, that acquisition has now been aborted due to shareholder wrath, surprise surprise.

Wishbone have now reverted back to their gold tenements in Australia, they suggest 'there is a considerably increased appetite for gold tenement investments' in country.

It is interesting that Lenigas is involved, it also suggests that RRR's licences in Australia could be of interest to prospective buyers.

Who knows, is Bell capable of delivering a deal, how many times has he said about selling an project without doing so, I suppose there is a first time for everything, without the DRC cash RRR are in deep dung however a sale of New Ballarat could command a decent price and get RRR out of the financial gutter.

Sorry folks that is the wrong Condor, ignore that post.

Saw this on X posted 30 mins ago, looks like they have made a discovery otherwise why do the need a fracking engineer, DYOR etc

From X

Interesting to say the least...

#EME On LinkedIn Condor Energy who are drilling have just posted today for a fracking engineer in Queensland must have found not only oil but gas too

Https://x.com/Investopian/status/1903096293737501083

Looks like a leak, remember the Nomad has to approve an RNS, so news could be circulating in the city, if I recall correctly a success at Wilson could deliver a share price of .70p to 2p.

The share price is at basement levels currently.

DYOR etc

My issue with this outfit and their ingrained modus operandi is there has never been any obvious concern for shareholders, how do I know that you may ask, well having been invested off and on since 2014 I have seen the share price plummet from 4p to the current and pathetic .18p.

The arrival of Livesey in 2018 was supposed to restore shareholder value back to the 2p/3p range, this was almost a condition of his tenure, he knew that, he failed spectacularly. The share count has gone from 476m to 3.8 billion since.

In the last 6 years the company has delivered very little, only recently with the introduction of Eileen Carr a value event occurred with the BCM JV deal. What is so annoying is all the value created by that deal has been sucked out of the market cap since October by a relentless share price fall, from circa .39p to current.

I have no idea what they are going to do post Lanstead, whatever money has been raised (let's say £1.5m over the term) circa £800k/£900k has gone in salaries, other outfits have cut to the bone cash outflows but not at ORR, with listing costs you can almost certainly say that ALL of the money raised by issuing 1 billon shares has NOT been spent on delivering value.

I suggested a while back the market is only interested in value events such as JV deals, asset sale or some other corporate activity. Nothing has changed.

ORR need to revisit their plan and promote it accordingly, the Senala situation is unacceptable, nearby licences have been sold for $100's of millions, ORR have held this for 10+ years, not one ounce of value is in the share price for Senegal despite a historic spend of £6m+ by the old Stratex, is this going to be the outcome in Cameroon? They need to monetise Senala one way or the other.

We were convincingly told by the CFO that the Muratdere NSR was worth a significant sum of cash, we were also told that the only obstacle holding up a sale was the EIA, well they have now obtained the EIA so what is stopping the NSR sale ?

The other licences in Cameroon are still sitting there, what is the plan, are they seeking JV partners for these licences and if so why have partners not been found ?

What is the exit strategy for Cameroon, the historic way has always been to string exploration out for years on end, the only benefactors are, yes you guessed it, the BOD who take those annual salary packages + awarding bonusses for minuscule achievements.

Across all sectors of their portfolio there needs to be more urgency and above all else deliver shareholder value ASAP.