Member Info for Legalwolf

It's something that LSE should really sort out. How difficult can it be to accurately report trades, so we are not left wondering whether they are buys or sells. Happens all the time, and is just so basic, that I can't see why there should be any issue at all. It is LSE or the data that is provided to them, that is at fault here?

I wouldn't be surprised if its forward selling of the next placing? (I was thinking the other day that its usual to do the placing before the news, rather than the other way round, to incentivise the placing).

This is entirely speculative, but would explain the large selling/seller(s), as I can't see why such holders would wait all this time and hold on, and then start selling now, in between RNSs? All imo and DYOR

It's a completely different market to 3 years ago. Back then, these LOIs and MOUs would be well received by the bull. But no chance that they are going to move this big bear.

As most of us have acknowledged, it needs something substantial from ORCP. IMO, these non stop LOIs and MOUs actually become counter-productive and harmful, because the market views them with suspicion, and as a modus operandi, rather than signs of genuine progress. Therefore, ORCP needs to deliver a binding commitment. The funding required for these green projects is HUGE. Just the GH project is estimated to be circa £1.5 BILLION. Again, no wonder most of the market views it with deep scepticism and doesn't believe anyone is going to provide such funding, in a basket case of a country/jurisdiction just right now.

And in these circs, and with more dilution down the track, you can see why the downtrend continues and the sellers remain firmly in control for now. All imo and DYOR

Let's be honest, anyone who has bought at higher levels has totally mistimed their entry here. They have bought into a downtrend of the share price, AND into a pattern of dilution at successively lower levels. Now they are chasing it down, rather than following it up. As I have read and heard a few times now from successful investors - "only losers average down losers." No rational and logical investor would want to follow this kind of approach, or would see this as successful investing? Surely, it's a ruinous approach?

Let me be clear, I have done this many times myself as well i.e. buying into a downtrend and/or into companies on a downward spiral of dilution. Therefore, I am no investment guru and make many mistakes. But the one thing that I am trying to do, is to acknowledge the mistake and own it, rather than pretend its not been made, or is part of some kind of overall winning approach, or engage in confirmation basis.

If you don't do that, then you are more likely to keep making the same mistakes, rather than learning from them, and (hopefully) avoiding them in the future and (hopefully) becoming overall better investors/traders? All imo and dyor

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GH - we obviously have very different views and experience when it comes to investing in these AIM stocks, which is absolutely fine. There is NO problem buying shares here at all. Nor will there be any problem buying large amounts following any placing, or on any good news landing. On the contrary, placings are usually a perfect time to buy if you believe that the proceeds will be used to drive growth and represents an inflection point (i.e. reversal of any downtrend or start of an uptrend). There's usually a placing overhang that needs to be cleared, and which provides liquidity for anyone wanting to buy big.

I have no concerns about being able to buy in large volumes here. My concern is more about waiting for that inflection point i.e. waiting for the "right news" or the "binding commitments" as others have put it. And I don't mind paying extra for waiting until then.

What is non sensical, if you think about it, is that those of you already invested here have ALREADY PAID EXTRA, because you have bought at much higher levels and could have bought at these cheaper levels? So, I must confess, I don't get your approaches either, and forgive me if I don't take your advice/warnings here, because I am far from convinced that your strategy/approach/advice/warnings are worth following. But as you say, each to their own, and I continue to wish you the best with your investment here.

And to the original poster, yes ignorance can be blissful. All imo and DYOR

Tygra - I agree 100%. It is also my intention to wait for the EARLIER of the preliminary DFS and/or the next placing. At that point, I will assess the situation and decide whether to start a position here. At the moment, I can't see that happening to be honest, but price action is KING, and will override any personal biases that I might have at that point. I'm just conscious how much dilution there has already been with ORCP, each placing lower than the one before, and unless the "right news" lands before the next one, Naheed will really struggle to do another raise without offering a big discount to the (then) prevailing share price imo.

So at the moment, this is too high risk for these reasons and will remain so until the catalyst lands, or we return to a bull market where these non binding MOUs taste delicious. All imo and GLA

AG1989 - if I might say so, I think that's a sensible strategy. Believing in the fundamentals of a company is only one half of the equation. Being able to successfully 'trade/invest' that opportunity is the second half of the equation, which most folk simply overlook. That means getting your timings and entries right, or more often, passing the opportunity completely until the market conditions are right (again, back to timing). There is NO point fighting against the market and the current tide. Price action is KING and the most reliable guide imo. At the moment, neither the price action, nor the market seem to be favourable to ORCP. Hopefully, that will change soon.

GH - this kind of thing (i.e. share price dropping on positive newsflow) can and often does happen. I'm sure others will be able to confirm that. Maybe the good news provides liquidity for others to get out. Maybe there's a large seller. Maybe its forward selling of a placing. Maybe it's just MM taking the price down to where they think there will be more demand (and so they can start making money again from higher volumes) - who knows?

GH - in a bull market, maybe. But it's not going to happen in this current, more depressed market imo. Well, that's been the evidence so far.

Deep - its perfectly normal and to be expected for CEOs to get excited about drilling their projects. Who can forget DM's raising the beer glass of mud during Tai 1, for example? Doesn't necessarily make them liars. I am sure that in both instances (LP and DM), the excitement was genuinely felt.

AG1989 is absolutely right, this needs the "right news (dfs/funding for gh/funding for thar/funding for solar) etc" and not just more non binding MOUs. Only then will the market sit up and take notice. As can be seen, the non binding MOUs and (associated ramping) are just not working anymore, or won't work in this bearish climate. So until the "right news" doesn't land, the MM will take this to down to whatever level the next placing is forward sold at. All imo and DYOR

ADV was a different situation all together. Wasn't LP supported by an independent report giving the project a COS of 95%. It turned out to be a duster, but not sure he lied or misled about anything at any stage?

"It has been a long road, but we got here" & "in the next 6 months, we will have drilled our wells".

Sounds very much like the farmout must be progressing to plan. He comes across as very credible, genuine and believable to me.

NHE are looking to finalise their farmout in May. There's not much that He1 can do or say until we know what the outcome of the farmout due diligence has been. He1 are wedded to the outcome themselves. We just need to hope that He1 have a plan B lined up for Q3 should it come to that. But all noises (indications?) from NHE have been fairly positive.

Not long to wait now for the outcome - in fact less than 2 weeks. All imo and DYOR

When are we expecting to get some newsflow out of Tati?

I would have thought that its sensible to reserve judgement until we get the Q&A, and see whether/what BT has to say on shareholder questions/your concerns? But each to their own...

At the very least we can infer from the fact they are even tweeting that the farm out finalisation is going really well. If it were otherwise, you would expect NHE to be more in ‘panic mode’ and stop tweeting or at least not tweet an all is well narrative. All imo and dyor

Another tweet by NHE - this time asserting that they have $20 million in funding from a farm in partner for two wells! So the farm in process must be going well behind the scenes for them to be tweeting about it. All imo and DYOR

https://twitter.com/Noble_Helium/status/1657923304722927619

We should wait for the webinar, but I did not get the impression from the Q&A, that BG is looking to take any kind of fight with the majors at all or at least just yet. If anything, it seemed more like a reluctant but pragmatic 'acceptance' of the situation and waiting on the majors to decide what they want to do. Therefore, those of you thinking he will put the armour on and take on Goliath, might be in for a surprise. I'm not sure that's how it will play out (nor is that necessarily going to be in OMI's interests if it comes to that). Even with the current mining company process, BG said that it doesn't make sense to continue with it and start transferring licences etc into it, if MMA aren't going to continue with the JV for now. It seems to me that the next few months (quarters even) are going to be spent in uncertainty, whilst the parties continue discussions about the future of Anza (and hence the future of this JV). All imo but let's see what is said by BG.

Surely, anything that harms the share price of OMI, plays into the hands of the majors? This is whether the share price fall is down to a waiting position adopted by OMI, or because of intransigence/delaying on the part of the majors. You have to be realistic, not many AIM investors are strong LTH, who will have the stomach for a VERY long wait/fight here, whilst watching their holdings bleed down in the meantime. Many have bailed already. AIM 'investors' are easy to shakeout, or in this case, stall out.

If (or when?) the share price bleeds down because there's now a hiatus with Anza, it won't then take much dilution and buying of cheap OMI shares by large interests, for 'them' to have a controlling influence on OMI. So OMI has to find a way of getting this JV back on track and there has to be some kind of timeframe for that, even if it is measured in Q or H. It can't be left open-ended, as it was following the QA.

I can't see the other projects coming to the rescue here. They are early stage and Anza is the flagship. And as BG said, OMI can't commit or budget its capital for these other projects, until it knows what's happening with its free carry JV at Anza. All imo and DYOR