Member Info for Legalwolf

The key thing missing at the moment is this much promised and long awaited bull market, or that first discovery. However, the biggest gains are made in correct ANTICIPATION of such events and positioning early (or cheaply) for them, rather than during or after the event.

Also, and it's a very difficult thing to do, because its a receding memory now, but I think back to when I first and last bought POW shares when they were in the 2s and 3s. Newsflow was positively and universally well received and resulted in more strong buying, no matter how significant it was. And anything negative barely registered, because so long as the share price was doing well, that's all that mattered. Of course that bull market had to come to an end, but so will this bear market.

The thing is, during the last bull market, I definitely remember looking at the chart and thinking 'oh if only I could have bought these when they were sub 1p (or even sub 2p) - i.e. correctly anticipated it.

If they are planning multiple holes at each target, would that not explain it?

Bahria - HS2 started as a visionary project, an aspiration. It became real when the Govt decided to FUND it and is currently under construction! I have no issue with construction delays - they will always happen. But HS2 is now a reality and a matter of time.

My issue with ORCP is that there is NO funding, or indication of when funding will arrive for these gigantic projects. I have no desire to invest in a share without any kind of sense of when I might expect to make a return on my investment? How can anyone sensibly invest like that? Especially on AIM, that is a likely to end up as a ruinous approach. The proof is ORCP itself, with LTH having to chase this down repeatedly because, guess what, no binding agreements have been secured.

As I said, it will remain this way with ORCP, and will get worse, until or unless binding agreements are reached. I don't expect them to be reached on ANY project in "a couple of months". If they do, then fair enough. But if nothing happens in those "couple of months", then will you just simply move the goalposts again?

Unfortunately, many of you seem too far gone here to me and there is no turning back. There is no "re-evaluation" at all that I can see (only the talk of it). Tomorrow, ORCP could announce that it is going into liquidation, and some on here will still only see positives!

But each to their own as they say. I don't see any value being returned here in the short term (or intermediate term for that matter) and I have given my reasons for that (no binding commitments and only more dilution). Therefore, not an investment for me, but wish you all the very best with it.

Yes, an unusual day's trading, and looks very much like MM took the price down to either test selling or take buying liquidity at lower levels. No massive late trades reported either.

Let's see what tomorrow brings.

The only way to judge is to check out what has happened to other companies that Lanstead have financed in this way. Their website boasts of 45 equity placings for AIM listed companies, which would suggest a very large sample to work from. Surely can't all have ended up as duds?

The time to judge is when the market conditions are better for juniors. Those times will return, and that will be the ultimate test for POW. I personally think it is poised to do really well in that kind of market. That is not to say that it won't do well before or in the lead up to it. It might well do (but that's more uncertain).

When you don't give a timescale, you can say pretty much anything you like. We all know that IF any of these projects get over the line, then it will re-rate the share price. The issue is whether this is just all pie in the sky fantasy. The only way to determine this is to see what actual "binding" progress is being made on the ONLY thing that can get any of these projects over the line, which is the finance required for them and binding offtake agreements. IMO she failed to give any indication (and hence confidence) that the financing is on its way any time soon. She even referred to the gold project, which is still in very early exploration stage!

The only resetting at the moment has been downwards - and only BINDING agreements will change that. All imo and dyor

I'm happy for us to creep up towards 10p over the coming days. The volume will likely come in on any breakout. And a close above 10p will bring in its own buying, as it will then set a new floor?

I've entered an initial position here in recent times. I will add to it on DFC news landing. Hopefully this has been a MM shakeout in anticipation of news landing. GLA

Can't get filled on less than £5k and being quoted outside the spread for anything larger. First time I have had that since we made the initial leg up. I think MM have soaked up the majority of what they can in and around 9p (with a number of tests already below this) and the remainder should be taken out very shortly?

Goalposts being moved (again?). Anyway, I won't argue the toss here, as everyone has their own fixed views (myself included). I don't see ANY binding deals on ANY of the projects here in 2023. The only share price moving news that I see in the near term is the DFS. However, I think it will lead to a spike, followed by the reality of another placing. In fact, it wouldn't surprise me if ORCP struggles with its next raise and ends up having to do a share agreement deal like ORR have announced today (and which its shareholders are describing as a death spiral). Will ORCP even be able to get another placing away at these levels?

But let's see how things pan out, and whether I am being unduly pessimistic here. I will continue to watch ORCP with passing interest to see what happens in the remainder of 2023. All imo and GLA

All of these shares in the 3s being taken in large volume. Lots taken in the 4s already in recent weeks. This month is all about readiness for Hurricane drilling, with asset sales being a Brucie Bonus if we get them. Not to forget Lolworth results as well. Looking nailed on here for a retest of the gap!

All being gobbled up and pre cursor to a big move up. Is it MM giving the opportunity for a big short to close out, or just a big buy order a these levels?

Tightest spread that I have ever seen here I think?

"As you say, the PI folk can make their own judgements."

They can indeed. Judging by the lack of trades since yesterday's (imo) horror show, it looks like they have.

This needs its next P&D quick, because otherwise its headed for a retest of its ATL. Especially with another placing on its way by October? But yes, who cares about dilution because this is a "project development company" (lmao).

Anyway, I've given my take on it and let's see what happens. All imo and dyor

They can't afford any drilling at the moment. The only way that happens is if they are able to raise project level financing. One does now have to wonder how much of the CLP/Bibemi they are going to have to give away to secure exploration money?

So why don't you tell us exactly where she said financing was happening very soon? You've just made that up for whatever reason. And then you run off when asked for evidence. Amateur

All I heard was her confirm the current model of dilution, and it was abundantly clear listening to it that there is no financing on its way anytime soon, otherwise she would have said so. But folk can listen to it for themselves, and make up their own minds.

Well, it looks like it will be the worst possible start to this share agreement for ORR. Easy money for Lanstead?

Yeah right, one minute she looks exhausted and the next minute she's busting a gut. What share price busting news did she mention then and when? Come on, details and specifics then?

Good announcement from Noble that. It’s a race to spud (I’m sure they are not racing) and I also think they will end up drilling at the same time, which probably suits them both. Exciting times ahead for both companies though.