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Where are the posters who were claiming this wouldn't fall and had been forward sold (and took a bit of a pop at me for suggesting otherwise)? I hope ORCP delivers a RNS of substance, because this is just making new lows otherwise. All imo

Just wondering whether the GM might have something to do with Molopo Farms? KAV came very close to doing a deal over Molopo last year, but couldn't agree terms. We know they are looking at acquisition and POW have just finished drilling multiple conductor targets at Molopo. It would stand to reason that KAV would at least be interested in the outcome at Molopo, and POW are saying it will take a while for results to be released, leading to speculation about NDA and third party interest. All imo

Whilst I don't think its third party interest (that wouldn't explain why PJ seemed a bit subdued) that cannot be ruled out. KAVANGO wanted in last year, did some work on Molopo for POW, but weren't able to agree a deal. They have recently announced that they are looking at acquisition, are cash rich, and have called a GM for later this month. I wonder if BT/PJ are looking again at doing a deal?

If they do end up in any actual JV discussions, they will tell us for sure. After all, they have nothing else to feed us right now, and will not miss an opportunity like that to boost the share price. At the moment, its just talk, and remains so until they say otherwise.

Not saying it will happen but just hope this hasn’t been issued to help with a market raise. This is AIM after all.

There’s a time to be in an AIM stock and a time to be out. Obviously, I think this is the time to be in ECR as it embarks on drilling a flagship project. Should mean more buying than selling for this next phase.
I think we have seen the back of 6s already and think we will move quickly through the 7s, if not tomorrow.
Overall - I think we might well see a double bottom emerging. I should be careful using such terminology on here and explain. A DB is one of the most reliable chart patterns out there!

I hope it’s not anything to do with a listing in Africa. Shareholders made their views clear on that and BT was supposed to address us on the topic, but hasn’t.

I think the announcement of CresWick drilling was key. It has been the flagship project for ECR (at least until very recently). To be drilling in 2 weeks is fantastic, beyond what I was expecting and hoping for tbh. The thing with CresWick is that it could turn into a district scale project, but even if not, each of CB, AJ and now AH have talked up its potential for multiple shallow high grade gold veins, which could be commercial in their own right. I recall even AJ saying they were worth £20 million each some time ago, and we all know that AJ doesn't get excited easily or know how to ramp!

Cox - I thought you were keen to see the share price rise so that you can exit here for good? So what do you think will happen to the share price if he leaves? It's not going to go down well with the market given the current uncertainty, lack of clear plan and underperformance. Now that's not to say that the share price won't fall anyway, but a sudden and unplanned departure by BT will only accelerate the decline, and it will be to 0.5p not 1p imo.
So careful what you wish for, if indeed that is your wish. All imo

Although no longer invested here, its still on my watchlist and I have noticed the recent activity. I hope this is a reversal of fortune for CMET and all the long suffering lth here. You certainly deserve some good news, and there have been some chunky buys coming in, which might signal something positive is brewing. GLA

Tamer - if ECR decide to drill non-stop with both Rigs, then I am not going to complain. My point about renting one or more of the Rigs out is more for those periods when they are not drilling, but preparing the next drilling campaigns. If they can contract the Rigs out for those dormant periods, then it brings in extra cash for the company, and better justifies the decision to purchase two Rigs in the first place. They weren't cheap!
Also, every £X we raise through contracting out our Rigs, is £X less that we need to raise from the market to continue our own aggressive exploration. All imo

I agree with Layla and WhiteKite. I absolutely don't think PJ is, will, or would, delay any positive share price moving news. In my experience, when an AIM company goes from almost giddy pre drilling excitement to a more subdued post-drilling position of 'the results will come together at the end' and without any timescale, the omens are not good. Usually, PJ creates the excitement (and then gets accused of ramping sometimes). Now he's having to be asked and confirm his excitement in Molopo. What else is he going to say? Managing the comms and the newsflow is part of managing the sentiment, which is part of the managing the share price, and that always has to be a key consideration for the CEO.
As for the JV talk, whilst PJ threw that into the mix, almost unexpectedly at the start of the interview, I noticed that he didn't then say anything about it the end of the interview, when he went through the list of things to look forward to.
But I hope Molopo does come good, whenever we get the outcome from POW.

More than even the financing/funding, the key thing to look out for this month is the Prospectus. RM said it would be out in February in his most recent interview, and it will tell us what has happened with loans and share payments etc and what the new issued share float is. It will also dispel any concerns about FCA action and all the TW stuff imo.
After is has been published, my attention will then turn to whether this is worth investing into again, which in turn will then turn on the funding/financing situation. All imo

I don't actually think BT has performed so badly that his position should be called into question. Last year, he delivered drilling on all three of the company's projects, as well as dealing with a LOT of corporate and other activity. The fact that the 'year of discovery' didn't materialise, was NOT down to BT's failures (at least not directly if at all). Despite the actual or perceived 'failures' on the ground, he finished the year by bringing in £3.5 million, leaving the company well placed to recover and recuperate and go again.
Yes, there were issues with comms, but those were reactive to unexpected and negative outcomes in the field, and he apologised for some of them. To an extent, its his job to put a positive spin at all times, and try to lift and restore sentiment after disappointing results in the field.
But at the MACRO level and in the areas which stand or fall on the actions specifically of the CEO, I am not sure he has failed in any of those areas and to the point that HE needs to go? What's needed is for him and the BOD to come up with a credible and sensible strategy for 2023, which restores excitement, confidence and belief in KAV, and reverses the share price decline. For all we know, he could be on the cusp of giving us that. I certainly hope so, as happy to average down accordingly. All imo

It might not be true that this is a lifestyle company, but it is certainly not farcical to suggest that it is one or question that. Arguably, it has many of the features of a lifestyle company. And the salary received is certainly not modest either, far from it actually. Ultimately, the people that I feel are best placed to judge these matters are the lth (if there are many of them left). Only they can really talk from first hand experience about the following:
1) CEO's performance in that time, against what has been promised to them.
2) Track record of actual follow through on the many announcements made in that time, including the many MOUs, LOIs and meetings with important sounding people.
3) Why if the CEO/BOD are so great, they have achieved no value or growth for ORCP to date. In fact, trashed the value and growth and delivered simply massive dilution.
4) What is going to be different this time round and why? How are the types of announcements being made now, materially different to the announcements made in the past, and will end a cycle of rinse and repeat?
These are the kinds of questions that lth are well placed to consider. Are there any here who have been invested here for 3 years or more who can give their views on the above?
With very few exceptions, I've often noticed that those who defend this company often do so by making very bland, wishy washy statements and give bullish forecasts, but without really then explaining why those bullish things are not happening already and capturing the market's attention. I mean these are supposedly massive projects with big backing, so you would think the market would be all over them? Surely, not all of the big/smart money is asleep and oblivious to this massive GH project and its big backers, for example. So why aren't new large shareholders jumping on board for this obvious multi-bag scenario unfolding before their eyes? Is it because a lot of the market sees it as a ramp, rinse and repeat exercise, a hunting ground for mainly traders, and not serious investors. All imo and DYOR

Mixed feelings from me. Market sentiment in the junior space is not great, so that has to be factored in as well.
My concern about a change in the CEO is that it will just introduce huge delay, as there will need to be a selection and appointment process, which will take months, and a new CEO will need to then come in and learn about the company and its projects. The share price isn't going to hang around waiting for such a process to conclude itself, so it's illogical bemoaning lack of strategy and share price falls, but then calling for a change that will make those matters even worse. All imo

I have listened to it. I thought it was an excellent interview and covered all of the key questions for me. AH was his typically honest and non rampy self. This means that when AH does say something positive, it carries a lot more weight and credibility imo. And even AJ came across well for once (spoke less but more clearly). I have been asking all along for start of drilling at CresWick, and so the biggest plus for me was to hear them confirm that they will move the Rig straight to CresWick and will commence drilling there in circa 2 weeks. Can't complain with that and its as aggressive as you can get. That's the news that I have been waiting for and so I made my first purchase today on hearing that.
The second biggest plus was to hear AH dismiss any notion of them not putting enough hours. It sounded like quite the opposite to me - they are doing more than can be expected of them - and everything is getting turned around very quickly. AH sounded very excited, albeit in a calm and measured way, about ECR's projects and potential with his comment at the end. CresWick and Queensland sound like the most promising to me. The only 'negatives' if they can be called that were no JV at CresWick (I knew that anyway) and it will likely take a few more months before Rig 2 is on the ground (but no biggie as its not compromising anything).
Thirdly, I noted that the lab ECR are using is turning results around much quicker than before. So I would imagine that there will be regular newsflow coming out for the next few months at least. Starting with these Blue Moon holes and then the first few holes at CresWick.
Fair play to AS for asking the shareholder questions. It's not the first time he has done so, and so HE clearly listens to shareholders and puts their concerns to AH and AJ. I think it would be gracious to thank him on twitter for doing so from those who were tweeting him in the first place.
I would expect RNSs incoming then to confirm the above. All imo

I think they just need to confirm when they will start drilling at CresWick. We don't want that to drag and they should be finished or close to finishing at Blue Moon. Start drilling the targets that are ready and carry on working on the other targets in parallel to that, so that when they finish the initial targets, they can just move onto the next one. We can only hope that working part time is not meaning that the plans are moving slower than normal, or its to do with permitting etc.
They have the projects and I thought the December interview was really good in building some expectation around them, and so its now a case of aggressively attacking them with two Rigs, otherwise what's the point of having drilling Rigs sitting idle. If ECR can get itself into a position of almost back to back drilling of projects with its own Rigs, then that creates regular newsflow and helps with generating momentum for the share price. It also means that they are not reliant on just one project and they can start to grow the company. That's the best way to capitalise on POG as well imo.
I also think that they should focus some attention on contracting out the Rigs as well, in between ECR's own drilling, to generate some revenue from them. I know that was part of CB's thinking. But it could be that right now is not the time for that, as they have plenty to do with the Rigs on their own projects. Plenty of potential, and they just need to get their heads down and start working their way through them. Obviously starting with Blue Moon and CresWick. All imo

Bonkers - you might be right. But it won’t take another 3 months for POW to get assay results back which were dispatched in December? I think POW are hedging here and if any results are good they will release them on receipt, but if not, they will wait until all results/reviews are complete which means a longer wait. All imo

Just listened to it. Not PJ’s best performance tbh and I could sense that even Mark was a bit tired/impatient listening to the the usual stuff. As for Molopo, at first I thought PJ was suggesting that it would take longer than 2 months to get Molopo news out. But on listening again, I think he was saying that news could drop before then. This was a response to Mark’s point that people could sell now and buy back lower when the Molopo results are out in 2 months. So clearly PJ is looking at the share price as he countered that. Nothing there to alter my previous view. But plenty happening here beyond Molopo.