Member Info for hunniford

Looks like 10.5M shares & £16k sold this morning in just over an hour. Wonder is that to cover the Orr & Lanstead Christmas party!!

That's a joke BTW. Although does make sense for it to be Lanstead anyone as a PI who has held for any length of time would be risky selling out now. But I also get it that folks often need money around this time of year for Christmas!!

Let's hope Santa delivers something decent for the LTH here!

Hey look at the end of the day. I want the company to succeed. I have (had) a lot of money tied up in this. The emphasis on the past tense being that my investment is worth 90% less than when I started and has been diluted more than my Ribena. I respect the opinions of those who are firm believers in what the company is doing.

From my perspective I would like to see definitive progress, sure the first IM was positive. I was hoping that was the catalyst for more snowballs. Then I noticed it doesn’t really snow that much in Milan!

As I understand it the platform has been built an operational for quite some time. I think Savvy’s point is valid it would be good to see an operational platform update which is why I keep asking the question to see where the “client portal” is.

If the “twat” comment is directed at me, that’s perhaps a little harsh but you are entitled to your comment. I barely post on this thread. I think it’s fair after 3 years of investment (this week is my 3rd anniversary of first buying in) and constant confetti issuing (warrants etc) to want some answers about when this thing “flies”. There comes a point where if everything is built and given market conditions of high interest rates, banks making it tricky for businesses to raises funds and SYME still can’t seem to onboard the expected number of clients to make this thing a success. Then one has to ask what is the reason for why this hasn’t taken off! Is it because the “world is stupid” and just doesn’t get this amazing revolutionary solution. Or has SYME just built a solution to something that there was never really a great demand for?? I hope both of these are wrong. Typically in the fintech world if the next big thing is coming then everyone wants to get in for FOMO.

I invested a lot of money because I believed in all the hype read the research work that was done which the company acknowledged. Watched all the investment pitches, proactive interviews etc on YouTube. I will say there seemed to be a lot more bravado back then from what I see now. But then I did kind of bottom drawer this over the last 12 months! So I haven’t followed the Alessandro hype train much this year.

Anyhow Happy anniversary to anyone else who got in around this time of year with a .58 average !! :o)

Well Latino what's more insulting to me is the share price. My average is .58 so that's 90% down . With a significant holding in this company it is difficult to be positive all the time given what has gone on. Are opinions (which are like ar5h0les) only reserved for you?

In three years of investing I have seen much in the way of professional conduct from the business

1, inaccurate comments from the CEO about progress

2. Terrible business admin resulting in a suspension from the market

3. Late RNS filings

4. Acquisitions that have cost millions in MCAP and business value

5. Promises but very little in the way of delivery.

The website doesn't look professional for a company that has a MCAP £36m launching with a MCAP in multiples of this. The CEO's conduct has been less than desirable of an experienced CEO for a public company.

Also I'm not sure what the security risk is displaying a client login portfolio multiple banks and business do it, even the fabled Tradeflow!!

Thanks for the link Savvy appreciate it but I couldn't see a publicly facing URL that would demonstrate the online client portfolio. This just appeared to be a demo which could essentially be a few wireframes. I've asked the company to send me evidence of their client login page but it always gets zero response on that request. I have asked the question at Q&As and it never gets put forward. I also ran some web crawler tools on publicly facing URL's under their domain and cannot find anything.

So unfortunately I do remain somewhat skeptical.

Here is a thought I raised a while ago, if SYME has a platform with actual customers on it, where do said customers login to manage their portfolio? There is nothing on the SYME website (which looks like it was designed by a 12 yr old on WIX) even when SYME owned Tradeflow they had a "client login" area on their web site. SO is this another potential red flag or can someone point me to the client area of SYME?

Yeah noticed the price jumping around a lot. I was saying to Kutzz last week if the price dipped back down again below .17 I would buy more and sure enough it has done over the last couple of days. So far I haven't had any issues buying, have been getting decent quotes from my broker.

Well the way I look at it. I first bought in 3 years ago at about .55 we had a few shenanigans back then it went up for a bit. Then a speed bump and back down. I sold some and then bottom drawer the rest.

After the April RNS mentioning the chair’s investment, I really started to add. The rational was that I don’t think the chair is in this for a “quick” buck! I think I had more or less stopped adding just before the Lanstead deal hit. Truthful I would have been still been nibbling. I did not add any further when this hit .008 that was due to some apprehension and probably like Kutzz too much exposure.

After the RNS this week I have added at the .17 / 17.5 level. Rational again this is close to where the Chair made a significant investment . Obviously the BOD don’t have a crystal ball otherwise Eileen would have got double bubble for her money 2 weeks ago! I suspect some deals were close and didn’t make it. However, for someone as an accountant (accountants by general are mostly cautious people when it comes to money) to drop that level of investment as an insider it is still a very strong and compelling statement. All of AIM can be considered a gamble, when I bought my confetti here I knew that but it feels a little bit better to know the insiders have a decent amount of skin in the game. Before Lanstead that was quite significant. I know (because the market told me) Lanstead wasn’t popular but.. the BOD have now (almost) done 2 major deals in the space of a quarter.

Without doubt these deals will be transformational for ORR. Part of the reason I invest is for a bit of excitement and to secure the future of my family. Over the past three years being invested in this company has been a tad bORRing :o) At least I can’t really say that anymore. The JV looks interesting hope they get it over the line. Tim always said ORR are exploration team. Their credibility as geologists cannot be contested, add to this a JV partner that actually mines and this really really becomes an interesting prospect. In the words of a great philosopher “Rodney, Rodney This time next year…..”

Hey Coyote if Orr can turn this HoT into a binding contract this would put them way ahead of many of the struggling juniors eh? Hopefully that should drive folks towards this company. Obviously as explorers still risky. However, good to see Eileen has also worked with this company before in a previous life.

Yeah I was hoping they would have done a proactive interview as I think this would have got more exposure than using their PR consultants. As of today it has only had 169 views many of which will have came from this BB. Hopefully this gets more exposure and shared more on X. Definitely good news to be singing from the rafters, given how tough the overall market is for juniors at the moment.

Ouch Coyote 2020!! :o) I guess I’m one of the holders you refer to with 10s of millions. I don’t think I’ve overly bashed the board but to say I wasn’t slightly concerned over the last few months would be an understatement! The news today is a real positive step. It’s still only A HOT arrangement but like you say at these prices, this is the time to make money of money can be made here. Once the binding contracts are signed these prices will be a distant memory. On that basis I took a few more at 17.5. I could have taken last month sub 10 but with my current exposure couldn’t risk it. Good luck all!

Yeah let's get real here .3p would be fantastic.

3p given the number of shares in circulation 3,864,539,005 would give a MCAP of £115M we need more news for that but today is a great start.

.3p would give a MCAP of 11M which for now would be great and benefit the Lanstead deal.

Yeah I'm with Kutzz on this. Been in this too long to take a quick profit out. We have questioned our sanity many times over the past few months. Glad to see Eileen get in the blue! Also great to see that she has worked with the JV partner before. That information coupled with her investment is a solid sentiment that bodes well for the company. The BOD have taken a fair bit of Schtick over the past few months. Let's hope they get the credit they deserve if this is the start of a decent re-rate. If we can reach a base at .3 until next news flow that would really turn the Lanstead deal around too!

Coyote I would hope it would give them a balanced view. There are folks like Mr Positive (who churn out happy thoughts) although I haven’t seen him in a while. There are others who go to the opposite. The level of dilution has more of a bearing on the share price than any persons comments. For example if one wanted to exit on a 1p in 2022 the Mcap was much different to what it would be now. That’s just a fact. If anyone were to base their investment on the comments on this forum I kind of think they deserve what they get. But I do get the sense you would like to pedal out an all is rosy narrative perhaps to trap others into being in the same club. I don’t really advocate for that. I took my position with the knowledge I had. I’m not really complaining about it. Do I think the BOD has a mountain to climb for sure. Can this be turned around I have 80 million reasons to hope so :o)

Coyote (I could hazard a guess at your identify by the way you write but I won’t) it sounds like you want an echo chamber to just spread the news that you want to hear. Last time I checked this is a public forum where everybody from the invested to uninvested can write their thoughts. Although I’m not sure why the uninvested would be that bothered about a particular stock. However there are no rules to stop them doing so. The current SP is reflected by the activities of the company. There was an orchestrated pump and dump a few years back which we never recovered from. There have been several raises (which is the nature of junior mining) in April Eileen took a major stake which was admirable. Bod continue to take salary sacrifice also admirable. Many of us increased our positions around the time of Eileen’s buy in. The success of this company relies on 2 things. 1. Keeping the money coming to do the work. 2 the results in the ground. Number 2 relies on number 1. If number 2 has the fortune to yield good results then the SP will reflect this. A bunch of arm chair experts with kooky website handles for names isn’t really going to do much to the share price. Let’s face it most of us on here have no idea about Geology or the business of running a mining explorer biz. Ultimately if people want to let off some steam here I see no issues as long as it doesn’t go down the route of personal attacks. I don’t think anyone in the business is out to do a bad job, it’s just a tricky time and the Lanstead deal probably reflects that. I’m guessing it was all they could do at the time.

It is also not unreasonable for people to question the activities of leadership to bring in the desired results. There has been a lot of talk for many years now 2024 has to be the year where something material has to happen in Senegal for instance. If nothing material gets done with that asset then the SP will tank further regardless of what anyone says on this forum.

I was thinking of trying to put on a concert for Orr. All those concerts for Africa did really well at raising money like Live Aid Band aid etc. Chuck a few confetti in Geldofs direction and we could be off to the races!!

Quote:- "Eileen’s £195k has now been cut In half from 0.17 in a matter of months."

I know how she feels :o)

I suspect if they RNS about the CIB it will just say they are continuing to work with the CIB to seek investment partners for project level funding. However, they may not even RNS about it this week, be prepared for that. It isn't really news if they don't have an investment. They just don't have an investment (if that is the case).

As of today it is unlikely they have an investment as they would have had to make the news public. The Aim rules on disclosure are fairly tight on delaying disclosure of news that would move the price of the share.

As many have said the market for raising finance for juniors seems to be pretty tough, so the focus should be on getting funds where they can, they are sitting on something decent in Senegal so hopefully discussions about what to do with that are well advanced since 2024 is literally only around the corner now.

@ Mr P the Canadian investment (if still on the table) could drop at any time. The wording in the June 21 RNS said

"The financing was initially scheduled for completion in Q2-2023 but the Company has been advised that this will now extend into Q3-2023." At the end of this month we are 2/3 into the Qtr."

Now if we had other imminent results, it might be smart to queue some of these up and push them out in succession to get some momentum going on the SP.

@Panda it really is down to the Board & Leadership of Oriole to generate significant news flow and results to turn the share price around, currently they have a five week head start on the selling action from next Monday. If they can bring in significant good news we may be able to weather this. We also need a bit of luck with what's in the ground. They have rolled the dice on this one, seemingly as they ran out of options. However, even after the impending new dilution the BOD will still own just over 6% of the company so if they flush our confetti away they will also be flushing their own confetti away too, plus Eileen's £192k so that's a lot of confetti!!

@Oriole leadership - time to really earn your keep and steer this ship around the ice berg!

@Kutzz aye!

@Kutzz in order to get a rising market we need conveyor belt of good news and a bit of luck along the way. Like getting that money out of Turkey, that's been rumbling for years. In some ways the investment issue could be irrelevant without good news. We were sitting around the .20s with no where to go until news flow came. That was meant to be in the guise of a Canadian investment, not sure if that deal is still on the table hopefully we figure that out before this month end.

Six weeks and counting to get some decent news in.