The person that threw in £250k could still make a million profit or more... It all depends on their time frame.
Not more chart nonsense. Reminds me of Zak and his 3p chart for orr. And he's supposed to be an expert. How much did he cost people.
Btw I'm seriously worried that doggystar will develop rsi with all of their typing. He spouts like a pro and yet he hasn't been a member of lse for long.
Some of you need to get a grip. Either sell out or hold. Don't listen to the basher as those Chris Oil Paul Johnson teams will be posting everything possible to put fear into people so that they can buy at a lower price regardless of the results.
The name of the game is to bash so that if the results are bad then they can pick up shares at below 0.5. And if the results are good then they can still get in at a reasonable price.
Would anyone bash their own investment unless they're playing games or are a little bit loony.
The warrants are linked to past placings. At least orr are transparent and let it be known how many are left.
They don't bother me as Senala underpins the current market cap imo. If you read back they hit 20m at 31g/t at Fare, and I expect v good results in the next drilling campaign. Cameroon is a bonus. I googled visible gold in drill core to get an idea of what it might mean. Dyor.
I already worked out a indicative time span. I think that this weekend or early next week it is.
As for orr, I sometimes question my investment, but on the share price and the knowledge of the results in Senala, I reckon that it underpins my investment. Its definitely (not h) worth reading the information on the website once in a while to remind oneself of the potential.
I noticed that the front page link to bibimi and wapouze has an error 404 message on the oriole website. I reckon that the page is in the process of being updated.
So Orr had drilled 9 holes by their update on the 22nd March, and 21 holes by the 12th April. Which is 12 holes in 21 days, which is 1 hole within 2 days. Which means that they should complete the remaining 7 holes within two weeks from the 12th April, ie before the end of April.
Actually it's less shares as I worked it out in euros.
I've just read the prospectus for the bond restructuring proposal, and page 23 states that the bondholders will split a payment of 100000eu at a share price of 0.748, which equates to 13368983 shares, and payment will be no later than 60 days after the implementing date. So the short is a hedge for the shares that they'll receive imo.
They've got some warrants and it looks like they're using them to back up the short.
With Lombard shorting what is needed is the reddit guy to help move against them.
Yes, I'm hoping that it's open at depth, as it's yet to be tested. I'd sayeven if it isn't then the market cap versus the potential and what's already known then the risk reward is skewed towards reward.
When you read the news you will see that the drill was at 119.75 when it hit the 4gt. I might be wrong but I think that it was the rc drill, which was expected to drill to a depth of c120-125m.
The drill went in at an angle and so true depth was 91.73m.
It would be interesting to know the depth that they stopped at.
I'm thinking that they stopped when they reached that first 1m.
Is there a link to the interview
I have a few reservations about Africa, but this is spread between several countries all of which have good prospects, and a low market cap. They're in Senegal, Cameroon, Djibouti, Eygpt and Turkey, the odds of all of these countries revoking licences at the same time, and in the next few weeks before the results start coming in has to be less than winning the lottery.
The market cap is laughable and the only reason that the share price is low is because of the warrants. I wish that the warrant acceleration had been activated as we'd have been over it now.
The Djibouti results, and the final results, and updates from decisions about senala, plus updates at bibimi and scoping studies in Central cameroon.
I'd add that iamgold drilled only 1-2m at fare, was this because they hit the right sort of strata? Or saw what they were looking for?
Also, they actually turned in a profit at the interims, and so wait to see.
So 6901/912 is 7.56m per hole. Seems like they were scratching the surface in order to complete their obligations without turning up results. This leads me to believe that they don't want good results to change the market cap.
Yep, weird how they only drilled 10m (maximum) or less.
Separately, I also read that the government have signed a trade agreement with cameroon.
4th hole expected to be completed tonight. 28 holes to drill overall and so I estimate 6 weeks to complete entire program. Logging going on. Samples ready to go.