The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Well can't say there wasn't a tinge of disappointment when the Monday morning RNS did not materialise with the results. However keeping my chin up with a view of cementing me position as the Sage of West Africa when that Thursday RNS drops and we get a hectic 2 trading days going into the long weekend...….i just hope those trading days are in the direction we all want / expect from this stock now.
I could really do with rounding off this week marginally above 2p since I'm almost 6 months in this without seeing that again,
I just took a few more based on the idea we were here at this level 2 weeks ago and when the PR machine got into gear we shot up over the penny. So hoping for the same.
That old cliché but surely next week has to be the week we hear the results :o)
Personally i would prefer a steady stream of results since this SP has a hissy fit if we aren't generating hype and news on a daily / weekly basis!
I thought they may have been sitting on preliminary results when all the PR happened last week. As Tim likes to talk from a more informed position.
I assume for results they need a few days to digest the results and write them up. A day or two to meet internally with their senior management to discuss and then a couple of days to get the RNS out.
I hope the results were delayed at the lab because the equipment broke testing so much gold and they had to get better more robust equipment in. A bit like when a fat lass steps on the scales and it only goes up to 20 stone and someone has to point her in the direction of the weigh bridge for a better more accurate result!
There are so very few junior explorers out there that stand a chance of making investors really solid returns. Let's face it I think a number of us want to see this bag a few times and that is always what you invest / gamble for with a junior miners.
Cameroon for me is that gamble and it still is. However, when i look at the passion and experience of the CEO who is in this for the long term and pays himself and his team a lower salary because they know they will be rewarded with their exit like he did at Reservoir, then that encourages me to stay in here for a very long time (if i can afford too) obviously if the share price does explode at some point the temptation to de-risk would also be there.
Anyhow getting ahead of myself a bit, lets just see if we can see 2p. At 2p and if Amigo stays where it is or higher that would somewhat saved my portfolio!
Well even though ORR can't drill or do any work in Senegal, we still have an expert geologist and exploration team who know the ground and the geology and they do meet with IAMG every months. So if they are drilling poor holes i think they would get called out.
Yeah looking at a long term hold here but hopefully we can crack on and see a 2p base form and then gradually rise as the news comes out of all the various licences and JVs.
If you look at that video I shared a couple days ago where he speaks about Cameroon his sentiment hasn’t changed. He knew about this package of land since reservoir days and before.
Great interview the timing of these PR interviews is helping to get us some of the way back to where we were before the drama started to drag the price down. My humble opinion is somewhere around 1.5 before results come and then hopefully up again on results driven news! Fingers crossed.
Apologies to those who have seen this but really worth a watch for either folks just invested or thinking of investing.
This is the one that got me tripping up a few times!
https://youtu.be/DzKizDmOHGo