Great post Fenakit ........ experts predict platinum to reach $1500 - $2000 an ounce.
That adds over 50% to our value or covers the cost of mining it .... either way it's a win win !!
No wonder we have numerous bidders wanting our 40 million ounces of PGM's.
I think the next bit of good news will catapult this back to 40 p ++++
I'm comfortable with the potential here and my level of investment.
As I have said on previous occasions, let's see how the deeper grades pan out.
If other gold companies can turn a profit from say 5 g/t then we are in a good position, however we do need the drilling results. A lot of exploration has been done here previously by Resevoir Minerals so it's certainly not a complete stab in the dark. Cameroon looks promising as a new play and can always fall back on Senegal.
The share price is holding up well considering the significant increase of the past week. I'm expecting a few beer money traders in the afternoon though.
Surely news must be imminent.......
As I posted yesterday, Zak Mir at Sharetalk has a technical chart target of 1.4p.
It's only a matter of time and patience here.
I've held EUA from under 1p so cashing in ORR for 30 or 50 % short term profit is not where the life changing money is. It's a long term hold for me, but do your own research. Plenty of presentations and RNS's to study.
Cameroon is a new gold mining province and they have 2 reasonably sized areas already with I believe another 8 applications in the pipeline.
Grab samples, rock chips and trenching all look promising and I'm hoping for this to be reflected further underground once the drill results come in. Bonanza grades ....... could be one of those life changing shares ...... let's see.
Hold and GLA for 2021.
2 x 2million plus late trades showing after hours from yesterday.
Some one is building a stake here and don't think it is just PI's.
May be Senegal drilling results or news re the new 8 licence applications that should be forthcoming in Cameroon.
GLA
Jdough, yes just thinking the same thing........ traded volume has been huge over the past week or so.
Cameroon could be absolutely spectacular in my opinion.
Early signs from grab samples, rock chip and trenching are very encouraging as per RNS's. Drill locations identified and first ever deeper drill results due in Q1. Worth looking at the various presentations / website showing works already done.
Zak Mir's opinion at Sharetalk ..... he has a technical chart target of 1.4p.
Loads of drilling news to come in Q1 and first mover advantage in Cameroon, so all very exciting.
Is ORR the next multi bagger ? May be some early news has leaked ...... let's see if the buying continues tomorrow.
As far as I can establish, only surface and trenching has been done in Cameroon, so these deeper drill core results will be crucial and a first glimpse at what's down there in terms of g/t gold and over what area.
This could be the beginning of something huge ....... let's wait and see.
All the best for 2021 everyone
Thanks for the Cameroon chip / trench figures EyeGuy, however it's an insitu figure I'm looking for in ounces. I guess not yet available until actual drilling completed.
Results should be interesting then as may be able to calculate an in ground resource figure or at least one step close to the next drill targets etc.
These are all buildings blocks.
Any insitu figures for the amount of gold ounces for Cameroon ? Can't find any ?
They will soon have a 90% interest in 2 license areas there so of great value and a lot of work already done by previous operator and now ORR with first ever drilling results due soon.
I only have a small holding but looking to increase so any specific info appreciated.
Thanks
Sorry, I meant managed to buy at 8.985p
2 top ups of 10000 ish shares earlier.
At only 38 million market cap and around 50% of shares in sticky hands, this looks really good in my opinion !
Tried to top up by £1800 and tried limit order, but pending for ages so had to do in 2 trades. Can buy around 10000 shares at 9.985p but no larger quantities as have to place order. I'm with ii.
Something is happening here in my opinion!!
GLA invested for 2021.
Sneaky late buy showing up from 11.40am this morning......... 465113 share purchase at 40.8475 pence.
TNT delivered my petrol power washer today ..... may be it's a sign .. lol.
Clear signs of accumulation for months now.
Two industry titans, UBS and DLA Piper want a result just as much as all the shareholders (bod are huge holders too).
Bring it on !!
Crabby mentioned it earlier ........ it's being deliberately held here for well over an hour at 40p to sell and there have been plenty of largish sells in that time and it has not moved. Usually bounces below 40p.
We are at a pivotal point again ..... this is significant I believe.
It's an easy hold in my opinion.
I can sell £100,000 at 40p so clearly loading up in the background.
I've held for over 3 years so another few days or a few weeks is absolutely fine.
It will move up again when more and more shares are tightly held.
A little more patience and this is going to life changing.
It already has been life changing for many .... me included and I'm grateful for that.
Hold and GLA
Looking strong into the close.
I've been invested since October 2016 when Sino deal was announced and bought steadily since.
Best purchase was 100,000 shares at 0.259p that's a quarter of a penny 14th December 2017.
I wish everyone invested the very best of luck, health and prosperity.
There were loads of 20 million + share transactions after close on Monday 30th Nov. I counted over 20 just below the 1% declaration threshold. Not sure if anyone has mentioned it already?
There have to be more RNS declarations to follow or were they bought separately to avoid the declaration rules, so can keep buying without share price running too high.
More than interesting!
Hold on everyone..... its happening
Blackrock bought over 12 million shares at 38.71p, cost £4.6 million pounds. They will want more than 42pence (current mid price) ........ I'm not selling until the fat lady sings !
Hold tight for just another few days or maybe even just a few hours.