Member Info for Legalwolf

Just gapped down below yesterday's low, which suggests that it's headed lower. Long winter looming here.

Can we also post under positive threads and not the ones started by the FUDsters.

Exactly my thinking when I heard their lame excuses for not buying. There is no way they will be taken seriously by the big players if they aren't invested themselves. They didn't even bother with the token £10k buys!

Still they have their cheap options!

Any sniff of JV or insti money coming in, then there's no room to doubt the multi bagging potential here. Anyway taken some more today.

Don't disagree with any of that Dr R, and as I say, Anza looks like one of the best gold projects on AIM. I am sure even many of the bears agree with that, otherwise there would be no point hanging around here giving off repeated bad bear smells. The question is whether this will rise on Pepas drilling and the declaration of multi million ounce resource, which will then fund the next stage of drilling. You would think so, especially from these lows.

It would have been better for the Directors to have bought shares. Dereliction of duty and responsibility towards shareholders and the company by not doing so. How can they expect others to back their company, if they are not going to do so themselves. Poor show that imho.

Have to agree with AG1989 on this one. Should have kept 100% of the gold project and focussed at least 75% of the company's time and money on it, as the other projects are simply too grandiose and slow moving to return any real value, and have decimated the share price through a spiral of never ending dilution, with shares having to be consolidated, to allow the next downward spiral of dilution, which is what you are now getting.

She has turned ORCP into a basket case, and it didn't have to be this way. Had the focus been on gold, I don't think the share price would have been decimated like this. Having sold it, now she's having to pathetically feed from the scraps of 25% ownership, as it's clear the other project aren't going anywhere.

Major red flag company this and one of the worst on AIM with amongst the worst leadership as well imho. All imo and dyor

Thanks KR - all noted and understood. Will sit it out for now and see what happens. I think MATD is one of those companies where its best to wait for the finish line, rather than get in on anticipation, because the finish line always ends up moving!!!

Not exceptional for anyone holding at 5p (or above), but certainly exceptional for anyone entering now at 2.6p. That short term trade just needs enough new bulls to enter here because they sense such an opportunity of a 30% to 100% gain.

Will the herd arrive?

You can't lump all the bulls together because there are a variety of bulls. Not all are 'long term bulls'. The way I see it, if you get a 30% to 100% rise on a stock investment or trade, you have done exceptionally well. Manage to get a number of these every so often, then you have the chance to have a very good year indeed.

On AIM, you can never look too far beyond the end of your noses. Anything can and does happen with most stocks, and they swing wildly from good news/sentiment to negative each year. You have rare years where they can multibag several times over in the same year, but those are very much the exception, like the run that OMI had from 4p to 50p.

So, as a bull, you can agree with the bears about the longer term horizon here (until the finances are sorted), but still sense the POSSIBILITY (can't be put it much higher than that) of a 30% to 100% opportunity here in the near term.

Catching a 2.5p to 5p move (for example) is an exceptional outcome. I've done it once already with OMI this year.

As I said, look too far ahead, and you might miss the opportunity more immediately before you? No guarantees of course! All imo and dyor

You are right Silver - I will just ignore the FUDster.

Think the last of the sub 9.5p are currently being scooped up. Once they are gone, off to the races.

Good summary Overner. The finances are the key issue for me, as its doubtful whether cash from oil will be enough, or will arrive in time, to preclude the need for another discounted raise.

I think the value has to be north of 1.7p. The problem is that each RNS throws in a couple of new hurdles and issues, which then makes it very difficult to work out likely timescale to cash flow, which then makes it difficult to work out whether you are getting in ahead of a placing, or ahead of the company at a positive inflection point and therefore cheap as chips!

Yes but you are still peddling the falsehood that GEX is not fully funded, when it has raised the money for all current operations, confirmed this in the Prospectus, in the RNS, and in various other announcements. That's why I wouldn't trust anything you post about anything to do with GEX, such as drilling permit etc.

Why are you posting if you have no interest in the company whatsoever? What is the motive other than lower entry accumulation?

Fair point Bhargav - you have taken a lot of stick. Some of it has been banter, which is fine, but some of it not so, which is less acceptable. The same could be said of attacks on Dr R (and others) for example.

Maybe if we all express our views and disagreements without getting personal, and try to be more civil with those that have a different view, or ignore them if they are crossing the line, we can return to a normal and healthy BB, with a range of views tolerated, and not an echo chamber of positivity or doom and gloom.

Anyway GLA with what you each decide to do.

ST - if you genuinely believe that certain posters are using aliases, it's usually always best not to engage with them too much in my experience. They won't stop or go away because they have been suspected and rumbled, or will just reappear with totally new aliases.

Sometimes think it would be better if LSE is turned into paid subscription only.

That's a fair post Bhargav, although I don't think you are blameless in all this. Of course, it's not for me to dictate to others what, when or how they should and shouldn't post, but regardless, I think it's in everyone's interests to move beyond the bickering and personal attacks, as it is getting nowhere and is ruining the BB.

For what its worth, I agree with points that Bhargav and Seingred have made along the way, but I also agree with points made by Dr R and others as well. For me, it's a mixed bag with OMI right now, summed up by great gold project but not so great cash position.

Is all this baked into the current share price meaning its all upside from here, regardless of the negatives, or will the negatives outweigh the positives when it comes to the share price. That's the call that we each need to make.

Does it represent good value at 1.7p? All depends on the cash position and how quickly they can get cash from sales, or whether they will need to raise again to cover them through to that point, or irrespective?

Last few trading sessions to get in sub 10p. Sub 10p have been accumulated heavily since the orchestrated drop. You can see this from the higher lows being made from 7.5p back up to 9p. Beginning to think all the FUD might not have been to do with shorting, but to enable the FUD sharks to accumulate these at sub 10p, before the newsflow really starts to kick in with the upcoming site visit, CLC ratification and drilling permit.

Once the bottom is firmly in and the sharks have accumulated the sub 10p, the brakes and shackles will be off, and you will see a lot of money coming in. This will include profits from HEX and other similar plays. December/January also tend to be the strongest months of the year, and good time for drilling and share price surges. Only circa 45 million shares (excluding those locked in or in sticky hands), and from these, those that wanted to sell have done so already. Therefore, move up might well be lightening quick as a result.

All fully funded, which anyone reading the Prospectus and RNS, or listening to the interviews, will know for sure. All imo and GLA

In terms of whether today's fall represents value or not, much depends on whether or not a raise will be required before cash starts to come in from sale of Heron 1's oil, or irrespective of cash coming in from sales. The terms of the deal with PC have taken much longer than expected, and then new steps keep being added into the process, such as approval by MRPAM and then export clearance - how long will these take?

Much of course depends on current cash position, and how much of the summer raise has been spent already on operations and working capital since? Anyone hazard a guess?

Seriously folks, this BB is descending into a playground of delinquents. NONE of you are going to convince the other side and vice versa, so why bother? At the end of the day, why can't you just make up your own minds and be content with that, rather than trying to argue with strangers online all the time. It's really not a good use of your time or energy, unless you really have nothing better to do and get your amusement and kicks this way.

Anza is a great project in what looks like gold rich terrain, of that there is little doubt. The big negative is the cash position. That's why the share price is 2.7p, not 27p. Drilling is clearly imminent with the arrival of the Rig. All we have to decide is whether it will create an uplift in the share price from these lows, in which case buy shares (for long term hold or short term trade depending on what you think is best), or whether we think it will all end up a damp squib in which case don't buy shares.

What is totally pointless is trying to argue or debate with others who have an inflexible and rigid counter opinion to yours!