Member Info for hunniford

Good post MTM this is what we came for, this news and a little thumbs up from the CEO with a discreet share purchase!

Good luck all.

Morning All! It's good to talk. My name is Hunniford and I am an Orrcaholic. I first started Orr'ing in December 2020 since then it has hit me like a fever.

In order to help me through my addition I've been watching re-runs of Going For Gold with Henry Kelly.

Ha Alfred, I have SYME too BTW, that LSE Board is a Cesspit. I also have Amigo so maybe I am a glutton for punishment but like I said the bigger part of my investments are in ETF which are at a medium risk level.

Whilst the world won't stop turning for me if the above 3 go to pot it would certainly hurt. Anyhow like I say I think this will come good eventually and we will do ok. I agree with the point at 11.08 & CEO sentiment, didn't see that earlier but posted something similar. It is impossible to keep churning out news that just isn't there, the market gets wise to that strategy too and calls it a bluff.

Bon chance hardy on the recent pick up. I'm waiting on an exit point on a few Amigo to push over here at this price.

On the subject of Amigo for what it is worth (sorry for mentioning a different stock) but the ride on that was brutal. I had an average of 13p it went to 19 twice and then a bit of carnage happened it was sub 10p for a long time. I topped up a few times to average down to about 11p, it literally got down to around 5p in Feb. So over 55% down. That was a stressful time. There were a lot of the doom mongers on that board (I hasten to say NO ONE here is like that) there were so many over there putting a lot of pressure on people "the business is going to fold etc.". One guy who had a similar average as me bailed around Friday 5th Feb as we had seen a decent double digit % rise. He was still way down but the pressure got too much.

Next couple of days it rose almost 200% a few institutions started buying and it was a different story. I won't lie there were a couple of times I almost folded due to the pressure but it did teach me patience. This can be a stressful old game high risk vs high reward.

Agree with Dog always good to have some diversity in the portfolio the majority of my investments are in ETFs and managed by someone else, so I have someone else to blame!! I do have a decent holding in ORR and I do think it will come good eventually. Kutzz has "chip lead" over me and of course it is not a race!!

For me before I invested I did my research on Tim I went through his Linkedin looked through his background "online resume" I think it is good. I also like the fact that he's had his eye on Cameroon for some time. First move advantage is certainly bold but could be very rewarding. I would also rather have a CEO who is an experienced Geologist vs a CEO who is a businessman. I'm sure these guys are learning on the job maybe on the PR side of things, who knows?

Couple of weeks back they were posting visible gold & CEO adds with a (small) buy - to me that is a bullish statement. We just need to see the assays which will come soon I imagine. When they were in-country in March they were having dinner with the British High Commissioner in Cameroon. Am drawing the positives on all of this and that the business is going to be a turnaround success and be serious from the old Stratex days.

I also like the fact that the CEO has skin in the game. Tim needs the SP to be 11p to see a return of £1m on his holding. I'm sure these guys set themselves with ambitious targets otherwise what's the point!

Obviously I hope my research on this one comes good.

Morning All, good luck today. BTW doggie my post last night was not directed at you the "your" was a "Royal Your" ~I was merely backing up your other points about making sure loyalty wasn't to the market or a single share. Agree with that and the sentiment should always be to try and not get emotionally attached either so that tough decisions can be made.

Good luck today guys I think more of the same unless we get a cheeky intra day RNS. Just got to ride it out. If this drops a bit more though I think I'm going to have to sell a few from elsewhere and top up a bit.

Cheers Dog, I guess one other important point. Is to try and separate the emotion from your trades & investments, easier said than done. Think that ties in with loyalty but emotion is what ties people up in knots. Whilst money is important, at the end of the day it is just money. As long as you can afford to take a loss (stinging as it maybe) better than having your shirt on everything.

I'll go back to my earlier thought, keen on answers for this, why would the CEO knowingly buy £5k or 600k in shares when he could likely double the amount of shares based on bad news. He literally spent that £5k on the day or day after "visible free gold mineralisation was announced at Lara."

Anyone thought the delay on news etc, might be a strategy to drip news in over the entirety of the rainy season to keep the share price from sliding back if it goes up on some decent news. I mean let's face it as soon as sentiment and no news hits this share it just slides and slides. Maybe BOD want to stretch the news out a bit to try and keep the SP more stable going forward?

Hey Doggie you have to do what works for you. I could have exited twice in & around the 1.9 and made a nice profit. If it comes again I will certainly evaluate also taking into many considerations. Such as how long it takes us to get back to 1.9 and how the company is performing at that level, ie what news has come out.

At that exit price, I have enough cash to spend the next 12 months drifting around Asia and it means I don't have to worry about cashflow in my business for a while as it grows.

So certainly a tempting point to exit and think about it. Ideally I love to see a base form above 2p though. Not a ramp just a wish and a hope!

Doggie, it is not really working yourself up for this. Perhaps go back and look at some of the interviews and remind yourself why you invested. This isn't a huge company so really the way I look ay my investment it is pinned on Tim's experience and industry knowledge. Perhaps right or wrong but on that basis I am watching his actions closest.

If you did your research you must have been attracted to the information which is on the horizon. Sure it is a punt but they have decent land licences acquired and taken care of. Hopefully they also sort out the Turkish legal process and get their $0.7m back as that will keep funding going for a while too. Got some Royalty money coming in on those Turkish assets too.

Saying this again but why would Tim spend £5k buying shares if he could double up in a month or two if there really was dire news to come. A £5k director buy was never going to pump the share price but why throw good money after bad?

Kutzz the way I look at is why would Tim spunk £5k to get 600K shares when he must have an idea of how decent the ground is they are sitting on? For instance if the news coming out his poor and he so wished to spend £5k then surely he waits to the rough old news comes out and earns himself 1m+ shares due to the inevitable drop on poor news.

On that basis I remain (impatiently) optimistic.

We are in the doldrums we sit like this until news comes. Question to ask is, why would the CEO chuck another 650k shares onto his already 8.5M holding if he thought it was going to be an absolute dog of a share? Remember these guys all took salary sacrifice during the pandemic and were rewarded shares instead.

So if you were in the same position as CEO with the option to do either, would you take shares in an absolute dog that had no chance or would you just continue to pay yourself a salary?

Knowing that your salary is probably taxed 50% and if you can move that into a share scheme option and the share rockets the gains are then taxed at capital. I don't think it is quite as black and white as that but skin in the game.

Tim has 9,144,657 which @

1p = 91K
2p = 182k
3p = 274K
4p = 365K
5p= 457k

I'll bet you can imagine where he wants the share price to be. We just have to put our faith in these guys that they have seen what they liked when they were boots on the ground a few weeks back and that things come back good from the labs in short order.

It would also be good to get a better update on the IAMG status.

All holes drilled, you guys make it sound like I've invested into a dodgy porn studio. Still let's hope the next RNS is a Blockbuster and everything rises then on cue!!

If I see big Tim sporting one of those handle bar moustaches from the 80s, on Progressive when he next speaks to Katy, I'll know why!

Another no news day, boring moves with the prices. Someone with a decent size holding needs to take one for the team and sell up. As soon as they do this (as in if it were me that sold up) this thing would multi bag very shortly after!!

All in jest, hang in there folks. One more day without news is one day closer to some decent news hopefully!

Eat, Sleep, Rave, repeat.

Another day with out news brings us one day closer to news. Big Tim if you are watching, the Mrs said no more G&T for me until I bring home some good news!

Happy birthday Kutzz me old China, let's hope you don't have to get to my age before you see a decent return on the ORR gold nuggets.

I'm hoping TL buying a few sentiments was the beginning of your SP birthday present.

*sorry ....Cekim

Yes Celia It is the same TL what point are you making? He has a Non exec appointment @ORM & CEO role at ORR both very different positions.

Ok Kuttz woo hoo this is going to hit 1.05 soon woo woo!

Damn auto correct a RAMPER tampering may send me to jail!

I’m considering becoming a tamper. It’s not usually my style but boredom & excitement are conspiring together for me.

HRY355 ORM doing ok today? What causing that jump, Tim going to buy a few in there too?