Member Info for lptuf93

New to the ARS story but noticed it as 8p a couple months ago. Not in at the minute but does anyone have any idea why its dropped back to the 4s? Just reading through recent RNs and they look decent.

No idea but I can see this make high single digit gains until money lands in the bank (upto 2.7-3p). Then permit news will take us further.

Absolutely agree. I guess in this semi-quiet period all we can do is hope news is coming soon. Every week is a week closer like you said!

Mid year for Boto license so could fall anytime now and with IAG reporting Q2 results at the beginning of August as well as Dalafin drilling results late Q2/early Q3, we really should be hearing big stuff from Senegal soon. I think Tim and co are back this week in London as they've been in Cameroon recently. Hopefully they'll be getting some new licenses there too.

Gold price improving the economics of Boto project. Hopefully will get the greenlight on the Boto mining license soon too.

Me too. Holding 2.5mill and ORR is over 30% of my portfolio (definitely too much compared to my other shares but I think the potenial is absolutely nuts).

https://twitter.com/bridsmithTD/status/1146453359534235648?s=19

I picked up 200k this week. I'm way too heavy on this in comparisson to the rest of my portfolio but I don't think I've been as excited about an investment as I have about ORR. Just got the right mix of: excellent management, liquid position, great assets, JV with mid-tier partner and excellent connections in a frontier region.

My honest thoughts on TSR are that we won't realise any value from it anytime soon. With how quiet they've been (bar a few meetings and presentations) it won't be listing before Q4. Boto license, Dalafin drilling and new Cameroon licenses are what I think will be the next set of news. Hopefully this will rbing us a lot of interest. ARCM drilling results over the past week have seen them rocket 40% and we could easily replicate that here considering we're an 1/8th of the size of ARCM (albeit their results were astonishing).

Investors who went to the AGM reported Tim/management thinking their cut (30%) would be closer to £2.5mill. They thought CAD $25million was too high for TSX. Would have thought we'd have heard something by now but hopefully these recent meetings/conference have got us closer to realising value from our stake in TSR.

If we were able to sell our share for £2.5mill that would still be most of M/C at this moment so shows the strength in assets we really have here. Also Boto license news due to drop mid 2019 so anytime now. That's really gunna be a company mover.

In time for tomorrow's conference

MM spread still a joke but this is moving up easily now. Seems there's not much on the ask so when big buys do roll in there is good movement.

I think there will be more selling as we rise and I have a sneaky suspicion that we haven't seen the end of legacy holders selling. What I do think though is that any future large sells will be easily taken up by our new TR-1 holder/associates as well as other new investors. Always a news rich period considering our assets so can't see too much risk at £3mill market cap. May sound optimistic but I could see this doing a GGP within a 6-12month window. One of the reasons this is my biggest holding.

One of Remy's associates is also building a position in ORR. From what I understand they also built a position in SAV with Remy too. I don't know if it will trigger a TR-1 (21mil+) but they are buying up.

Think a big catalyst in the near term will be a approval of a mining license on Boto from the Senegalese government. From memory it was expected mid-2019.

Don't think we'll see 20p this week (great if did!). Think expectations need to be realistic. Slow rise will get us close to 20p.

BlackRock were the sellers. 5.45% equates to 38.2million shares so they should be completely out now.

Big sell went through on Thursday (37million) and since then a see of blue. People buying here really are getting a bargain.

What's up with this spread? MMs should be making a market and stifling it!

Probably not enough for 2 years but considering there are no more big trials on the horizon, cash burn should dramatically decrease. I'm hoping for good news on Phase 3 extension as you'd think only the positive responders would continue with treatment. Will be an interesting few weeks.

Small top at 0.318, can't see it going much lower. The possible gains from this level are something else.