Member Info for LimitedFunds

LOL, its was catching up as I typed my message.

Has anyone got a reasonable for the spread being so high? I do not trade, but do daily track my investments. I can sell for no more than they were worth yesterday, and yet if I wanted to top up, it will cost me 12 pc (approx) more. I realise the fundamentals of the MMs banking the spread but at what point does the bid catch up?

"That's my local......." spooky, I work opposite and use it for lunch once a week, plus the cafe on Davis Estate. What are the chances? :-)

"I'm in Medway area. Local area 1p party?"

That is where I work. Tiger Moth it is then! :-)

Just bring this back to the original point. I think there is a reasonable case to assume that we will get to 1p (and my model shows higher). Assuming there was a "Beano", it would be interesting to think about a location, somewhere central for all. With the anonymity of these boards one has no idea where other posters actually live. I am in East Kent fwiw.

I think 2p would be a good target for a party, and where there is a beer I am often to be found but would settle for 1p.

@Henchking

"​The Math: 1.5Moz @ $250/oz buyout = £300m Market Cap.

That’s roughly 6p per share—a massive rerating from With gold prices soaring in 2026, $250/oz is a bargain for a Major looking at a district-scale asset like the CLP."

Just checking, does that miss the point made by Minesinthemine that we only own 50% of the value? In which case we get back to 3p, which is what my calc is based upon. But happy to be corrected.

Well I just topped up another 985,xxx shares by selling an oil explorer that has been dithering a bit, and for which I was rather over-exposed (MATD). I hope that I do not regret that move, but this is all looking positive and most importantly for me, the board are invested and I trust them.

Interesting thread. I run a Monte Carlo model which uses the historical gains to inform my best, probable, worst and E-value. I have only around 2M shares (limited funds apply!), so a good outcome from my limited holding is very much required. For what its worth my model shows worst= 1.4p, probable: 1.7p; best: 2.8p; E-value 1.82p (remember for 3 point estimates that E=((4*probable)+best + worst)/6. At around 1.9p I will take my capital and skim off some profit, leaving a residual that I will hope grows to some crazy value. So that is my target, just sub 2p. But my model shows it could go to nearly 3p (~10x).

I am not a trader, I only mess around with shares using maths, stats and forecasting techniques that I use for work (I am a cost modeller (using financial forensics) in a very different industry to Au). I like companies where I can see a genuine growth path, good fundamentals and strong management. I hold six AIM stocks in addition to ORR, mainly in oil, but also Biotech (AVCT).

I am interested in the chart-work by BIKWIK and others but wonder how much it is impacted by the very small statistical sample (small number of trades).

Anyway, that is my forecast, roll on 2p ish.

LF

Thanks Mogger, that makes sense. A very effective incentivisation clause (or penalty clause if you like) against tardy progress. In other words, if the licensee does not get results by term two, they are penalised upon termination by their "data" becoming potentially shareable with third parties. A nice progress incentivisation. I can see its applicability to BOR now.

Sorry Mogger but that is not how I read that.

My interpretation, broadly, is that the Gov has a right of access to the data (called limited rights in my line of work). The rights are for obvious things such as economic and environmental planning etc. On cessation or termination of the licence (however caused), the Gov (licensor) recognises the economic value (to the licensee) of that data and will not disclose. On the anniversary of after, of five years, the Gov may use the data as it sees fit.

That to me does not imply ownership of IP, but rather "limited rights" which is typical in a Government Contract.

I may be wrong and happy to be corrected if you have a para number, but that was my quick trawl through.

"Down load the app people show your support 🤝🙏🙏🙏❤️❤️❤️"

What is this, please? We are not all on facewipe! Is it relevant to Borders?

There seems to a load of volume at the minute. 170 odd trades and it is only 8:20!!!!

How many of those shares were "granted" by the company versus "purchased" at the going-rate. Is it possible to determine that? I know from my own work that we get given shares for incentivisation, but the ones I buy show I have real "skin in the game". No agenda to my question, as I am a genuine holder and looking add more next week as it is annual bonus-time. Hence I am looking at where in my favoured AIM shares to place my money. ORR figures highly.

@GodofHellfire

Your recollection last night, about the hostile Chinese take-over and this mornings comment are sobering. They leave me concerned that we could land up in situation after all the patient waiting (only a year in my case, but many years for some). How do companies prevent such a thing happening?

Well today's RNS was enough for me to add another £1000 this morning. I am hedging my bets between this and AVCT (a pharma). Since none of my oil explorers seem to be RNS'ing any interesting news I will keep topping up here as my limited funds permit. Slow and steady does it.

A good and sensible analysis @fronteracheckin, but does China pay market value for the assets it acquires, or will it result in years of frustrating haggling for a sub-optimal price? And if not PC as the partner would other partners be less bullish about working with MATD given the location of so many other PC assets in the region and consider this "too difficult"?

I am confused by this situation that some platforms have not returned the money. Fidelity had put back into my cash account (within my Fidelity a/c) the value of the unused monies the day following the release of shares (I think 22/1/26) . I cannot see why other platforms would not do the same. It would frustrate the life out of me.

@nikb:

I think the blame lays fairly and squarely with the broker/platform. I am with Fidelity (for RKH) and got my notice of award on the 21st of Jan (I got 17% scaleback (the term used by Fidelity). The unused cash was returned overnight and I used it next day to buy other AIM shares (ORR as it happens).

Oddly the costs of the purchase have been taken out of the account, but the cost does not yet show against the shares.

I moan about Fidelity and their high fees, but they do get this sort of thing right. I would be pretty angry to not have access to £10k given the volatility in the world at the moment.

LF

Are these MM codes? It is not something I understand at any level, but the trades seem bizzarre.