Member Info for Jackbal

Agree with Kutzz too. A placing down here so soon after the last one and with nothing achieved so far since coming back cap in hand is unacceptable even by ORR standards..
Cos at this price they prob wouldn’t get it away at .15 and they only raised half last time because .18 was do destructive to equity.

Must have something fundamentally positive up their sleeve as its been known in the market for a year or so that their model was totally flawed for value creation so they have had ample time to try and change it.

If their plan is merely to dilute small and simply hope market sentiment comes back to support hider prices then they are more like **** poor traders than explo/mining professionals.

Surely they must have a better plan than that!
(These comments are going to bite me)

Agree with Mike another confetti lot kills hope for most existing holders. I guess most are so far down they don’t care anymore.

I’ve bet on this down here because the whole saLary sacrifice thing and the small raise with wts at .25 seems set up for a raise by exercise. The warrant strike was very low imo and i think that’s for a reason.

Could be wrong, probably am given Tim’s form guide here but the whole previous raise terms would be absurd if followed up by confetti soon after.

Can’t rule out the absurd with this basket case tho. I must need pro help gambling on this crap!

There was also some unbelievable expectations for the SP in the short term
No reflection on Omi specifically but market sentiment is as bad as I can remember and as someone said before first and foremost it’s still an equity

Phase 2 confirmation is almost banked on by SP already after it bagged on no news. Why change names of targets to discontinue with them?

It’s what info we get along with the confirmation that moves it one way or other IMO.

Let the games begin. Good luck all see you bright n early

Kutzz my intention is to leave the old stock where it is as avg about .7 and look upon my recent bets seperately.

I truly see this as a gamble/bet more than an investment at this stage.

I think it’s a long road back up now after all the dilution so will try and gain some advantage by building position sub placing.

And it will all probably blow up in my stupid face!

Good luck to us both for retaining a sense of humour throughout last 18 months

Anyone would think Brads about to get on the mic.

Dgu I share your views on the bod performance (if you can even call it that).
I own a small digi retailer and have been gambling on AIM for far too long so it’s not only you as a newcomer that finds the whole U turn on the narrative hard to comprehend.
I already knew they were bullsh@tting about choosing to be loss making so I ask myself what other crappy spin will they come out with?

- Jackbal - these lot don’t want a JV because it limits future growth?

At this stage that seems like refusing medical treatment due to side effects when you’ve already been given marching orders

Make that 45k pp and I’ll take the job on the basis it’s all cash and no salary sacrifice!
Come on ORR you old dog time to bark a bit

*if* it does happen Kutzz once he has persuaded them he then needs to secure terms that don’t punish the poor relative too much as well. Maybe he can restore some credibility around the Tembo issue?

Anyway matey here’s hoping and based on my belief a JV is possible I bet 43k pp today. Took a bet coz the spread was so tight and basically talked myself into a gamble on the sub 4 mill mcap.
See this as an absolute highest poss risk gamble with huge upside if Tim gets his act together soon.
If he doesn’t realise I could he diluted out and will prob see a consolidation.
In all honesty i think it might go a bit lower so intend to add again if it does .1-.12. but hedging my bets just in case this is bottom.

GLA gamblers anon!

Not ruling out a recession AND hyperinflation

Kutzz it is wishful but not without foundation. This is from MTL chairman’s statement a few months ago:

“The accelerated repayment of the Company's debt has remained a key focus. The Company has made significant progress in this area, reducing our total debt by US$21.5 million during the period. As a result, the Company expects its Senior Debt facility to be repaid in full during Q4 2022. At such time, the Company's mezzanine debt facility will revert to an interest rate of 7% per annum, down from 15% per annum. This will be a very considerable achievement, having very significant positive ramifications for the future development of the business, enabling the Company to utilise funds that would have been earmarked for debt repayments for exploration and appropriate M&A activities”

I also come back to point that if TL is on the board over there and can’t get his fellow board members interested in the CLP scale then what chance elsewhere and what is he doing there if it doesn’t assist ORR which his inactions have backed into this corner…

It’s pure conspiracy on my part but I do see a logical match up in objectives

I do agree kutzz but think their old idealism gives way to reality on the JV subject.
Tim is free to whatever he likes but unless he is over at MTL doing something that might benefit ORR I would say he should be getting things in order here first.
Whatever plans he has will cost something and I only see 3 ways of paying for his plans:
JV, legacy monetisation or smithereens placing

As Kutzz says if I’m missing any other alternatives let’s discuss them here as I would be genuinely interested to hear them.

I’m still of the mindset mtl as a producer seeking more explo would be a good partner for ORR.

One other thing: why no rns about the mtl role?
Mtl rns’d it and Orr didn’t?

Les I say if eve shareholders find a third party that is passionate enough about eve brand to not only assume eves monthly cash burn and other liabilities and are also prepared to pay around 5 mill cash for the privilege of doing so then EVE shareholders have been treated generously by the buyer and had a right old touch.

Last check was cash 1.5 / 900 draw so net about 600k cash. Drawn number must be close to cash now which is “offer you can’t refuse” territory.

Cheryl Calverly and Tim parfitt are not only an embarrasment for wasting an 8 mill budget but just as accountable for the impression they were giving shareholders at same time that all was well with thr rebuild strategy.

Only started to fess up when the money was running out and the party was over. Drinks trolley bah humbug
Maybe they consumed a little too much cbd, would explain the laid back horizontally attitude towards cash flow and burn.

How much did they pay for the late night TV advertising and when does that run until?

Will the campaign outlast the co. which it advertises?

Have they reduced the hefty Salaries to buy more time?

Everyone: brads other JV’s might turn out to be great success, progressed in a timely not too dilutive fashion and might even add value to the case.

It’s just that I don’t like that part of the risk that happened after I’d started basically betting on Colombia. It’s just dulls down the SP and creates a dilutive requirement that need not exist.

I’m pretty sure 95% of people got in here for Colombia and many of those wouldn’t have invested purely for arg or Brazil JV’s. They spread the risk but don’t really reduce it imo

For the record I didn’t get 14 on all my sales, not pretending to know it all either as still expecting high teens/20 this year so you could argue I bottled some of the trade.
Time will tell but it’s not surprising to me that SP has pulled back a little after a meteoric rise on no news

It’s people like me who see a rise from 7/8 to 14 and just have to sell some:
I got my average price down to 13’s but rather than try and sell whole position for 1p profit just cashed in some 7’s and 8’s and let avg drift back up to 17’s.

Brad Is still Brad and the measures he put in place last year are here to stay and can’t be undone.

The last I heard from Brad officially was that we should expect assays in July. This recent rise is just pricing in phase 2 confirmation which the majority expect.

Brad and his other JV’s will prove a costly distraction to the real collateral Omi have.

Target still 20 but if I get the chance will be dumping the lot this year.

Brad “you took something perfect and painted it red”

*wants to hear
*there is the message
I can read and write proper honest!

I truly believe Tim and Bob just say what they think the market wants you hear even if they have no intention or ability to converts words to actions.
Legacy assets just one of example,

Now their is the message emanating from Tim that he hopes/feels market will warm to his plans over coming months/weeks.

Anything less than a JV on fair terms with MTL to explore CLP using mtl fcf q4 onwards would beg the question

WTf are you doing at/for MTL and when your own house is in such disarray?

I think an MTL JV is the best possibility as long as terms are not too punitive to the party that needs the cash

Sounds like Halley’s Comet!