Member Info for Minesinthemine

Completely agree Kutzz. As we mused over the last couple of weeks over why the assay delays and that we wanted improved comms about Senela, we've had good and reasonable responses to both and a bouyant CEO excited about the future and interesting investment from IAMGOLD.

However we still need proof of gold in minable qty's. The news is coming, but needs to be good.

I am also pondering what Trojan said a few times, that off the back of a strong SP rise, a raise may come as the company prepares for the future.

I am already 50% over my #shares target, and I honestly don't know what my investment strategy will now be for this company. At the time I made the increase it was to bring my averaged down as I'd pulled it too high getting excited on the previous rise. Lots of people remind you not to get emotionally involved in a share, it's hard not to when you've done your research and feel connected, but do need to take a step back to evaluate.

Either way, roll on results.

Need to think over the weekend what to do.

Kutzz, we could literally be ‘sitting on a gold mine’

The buzz is back without any news. Just think of the potential explosion when we get some!

Well done on your expansion the other day, great timing, hopefully with another push over the next few weeks you’ll be on a healthy profit.

I disagree Axelod that nothing has changed.

The company had not issued results for any more assays when previously implying they would be due. I.e. Confirming assays were being packaged up to be shipped out before end of March, yet 6 weeks on there was no news despite stating results "throughout" Q2.

I was definitely one of those speculating why there was no news as the company had not made a single reference to lab delays.

Given we were nearly 50% of the way through Q2 with just the result from one hole, I think it was fair to question what was going on.

In terms of IAMGOLD, they had referenced the timelines, but hadn't provided any confirmation of if progress were on track. Given the previous IAMGOLD communications and subsequent back tracking, I personally wanted some news on progress to demonstrate that lessons had been learnt and IAMGOLD would be held to task.

What we have had in the past two days, is no more than we deserve and the impact is clearly visible. I am pleased that the board have provided the information to the market.

Hence what has changed is that the company has explained what has been happening for the past 6 weeks given we were told to expect a news rich qtr and given confidence that they are keeping tabs on IAMGOLD. Bravo board.

What hasn't changed is that we have no more information about what is in the ground. Until then, let's make some noise about the 2021 being on track, news imminent in Q2 and throughout 2021 and as results come in a strong board building out plans for the future.

Kutzz,
Look at the difference a bit of information makes. There haven't been any results, just simply explaining why there had been assay delays, reinforcing the ongoing work and results timetable, and demonstrating that this year they are sticking close(r) to IAMGOLD's activities.

With some (hopefully) strong Bibemi results in Q2, and the propect of the Fare results coming in Q3, with Madina Bafe results coming potentially Q4 or early FY22 depending on when they manage to get the drilling started/rainy season etc.. then things will should look very different in 12 months time.

I personally need to remain more patient whilst the results come through. I am an LTH, and am looking longer term,not just to turn a quick buck, but hopefully the board will take note of the positive response the market has when being kept informed.

Hopefully be cracking a beer in your surf shack in the not too distant future! - In terms of the gamble, I do think we have a lot of numbers covered, just hope we don't get a double zero.

If TL and team are listening - Thank you.

I had been pretty vocal about lack of comms and that there must be lessons learned from the past. I personally still need to temper my expectations and impatience e.g. my mind running away with conspiracy theory about why Bibemi assays were delayed and also be appreciative of why I am not in charge as some of the snippets TL put out about IAMGOLD are now starting to make sense. Again if you are reading this TL, apologies, the link to IAMGOLD’s own investments and then now moving Phase 2 to Madina Bafé make sense.

But basically I do really appreciate the efforts ORR are now doing to maintain news flow. We may not have results for Bibemi but we know why and will also get some multi-element results further down the line too. For IAMGOLD we have a status update on Phase 1 and excitedly that Phase 2 will be Madina Bafé hence will get drilling results from two distinct areas. Sampling taking place in our Central Cameroon licenses too.

The above should hopefully keep news flowing throughout 2021 and support any quiet periods/ on the ground delays from the rainy season.

If you are listening TL, for the next RNS, let’s have a bit of fun and issue an Intraday announcement on some assay results.

It’s still all about what grades/qty’s are found but does look like the company is ticking like a clock now. Thanks team.

Well in theory Kutzz, if they are back to 14 day turn arounds at the lab we are in for news before the end of the month bank holiday.

Here’s to some strong news then and and some bonus news from the Canada labs later in June.

So we have the RNS confirming why the assay results haven't been issued and also confirmation that all the drilling is completed. Plus the info on the sampling for Central Cameroon.

Hence nothing bad that that I had been pondering over, again like Kutzz, I apologise, but appreciate the board issuing an RNS to clear things up. - If you are listening TL, later in the month it would be nice to get a progress report on IAMGOLD Senala drilling too, in order to confirm drilling will be done by end of Q2 and results can be expected in Q3.

However a genuine question for the guys that know their stuff:-
What typically is the reason for the multi-element analysis?

I started to ask lots of closed questions with my own hypotheis about this, but decided asking the open question is better as I honestly don't know enough.

Thank you in advance to some of the smart ones out there.

Roll on Q2, here's to some good weather and good results!

Hey Kutzz, life sounds fun for you. I’m just in wet old Blighty.

Here’s to you getting your surf shack!

I kept off the board most of the week, largely as work is busy. But just thought that nothing said is going to sway my position. I still am hung up on the ‘throughout Q2’ phrase and therefore would like news earlier rather than later, but bottom line is that it’s what in the news that counts.

Here’s to both some sunshine and some news in the next couple of weeks!

Hardy, I think that is the point.

We know the cores were shipped 31/3. The last RNS relating to Bibemi (12/4) stated 3/4 holes drilled and visible gold in a Lawa hole :)

But it also stated, news 'throughout Q2-21'. It didn't state let's wait until June 30th and send some news out.

Maybe it is just impatience as I want to know what we have found, but as per the companies own statement, not mine or anyone else's, news is to be throughout Q2. We are now over 1/3 through with only one announcement, knowing that several cores were sent as of today 6 weeks ago.

All tweets from the company have related to cost mgmt., more potential, and some odd tweet about what a partner is doing.

That is not deramping, or panicking, but is simply replaying the facts the company issued. If they didn't expect to send results 'throughout Q2' they shouldn't have said it. Also if there has been a change to that due to delays at the lab, or any other reason they should at lease let people know, rather than tweeting about unrelated partner stuff.

Other companies are doing that....

I am keeping the faith, but don't want another IAMGOLD announcment where we apologise late that we didn't know what was going on, I'd hope lessons have been learned to keep on top of things.

Clearly, not expecting a tweet or annoucement everytime someone picks up a shovel, or TL has a cup of coffee.

FYI - I am keeping the faith and certainly still in the FOMO side of the fence. If I wasn't I'd sell up and stop bleating on about wanting to see some results.

For me it’s not the SP now that’s the issue per say. Just annoyed that I bought into the rise on no news and could have roughly 40% more shares or 40% less capital invested in ORR. But again that is hindsight trading and you can’t do it. My opinion is still at £10-15m market cap without news then over a longer term there is potential of 10x plus with a strong results. However even with above average results I’d be quite happy to see a new support level of 1p.

After the Jan spike there was a high volume of RNSs and promises of news flow ‘throughout’ Q2. I recognise Q2 doesn’t end until June 30th but the implication based on results from the first hole and other RNS’s was that news flow would be exactly what they stated, but without any news, RNS tweet or otherwise to state there are delays at the lab or some other issues with cores, the only conclusion I am leaning towards is that the results are not good and they are working out a communication plan to minimise the impact.

I know nothing more than the rest of us, and equally I am still airing on the FOMO side rather than selling some shares and reducing my risk. It is just really frustrating that we get recycled backwards looking news.

If there are delays from the lab tell us.
If the results are average tell us.

Just don’t mug us off with the current line of marketing/newsflow.

If the results are average I know(assume) the team will be doubling their efforts in the rest of our opportunities, but equally know(assume) the SP will be halving.

Without news, there is no volume. With no volume there is little change in SP other than sideways or down.

We need news. I’m braced for bad news but hoping like the rest of us for good.

Certainly not up for waiting until the Q&A session to find out!!

My position in ORR hasn’t changed as I still strongly believe that if Cameroon gold is found in mineable qty then being first in is what TL and the rest of the team are aiming for as a big part of their legacy.

All evidence thus far points to there being a reasonable chance of us figuratively and literally sitting on a gold mine.

That is it, ‘a reasonable chance’. I have gambled and am airing on the positive side of things.

Anyone who says they know more than you or after the fact says I told you so is just full of it. Simply put, their appetite for risk isn’t the same. It’s too easy to sit on the sidelines and do hindsight trading and say this is what I would have done blah blah. Not interested, but I expect the longer things drag on we will get these folks coming out of the woodwork. FYI - this is not saying any of our regulars are doing it.

My position of positivity though is being tested with each of the companies social media posts as the little voice in me that reads them still keeps telling me that they are making noises to say don’t worry if the first results aren’t great, people out there are investing big numbers to find good near to us, including our partners. We have driven our costs down and we still have plenty of exploring to go.

That does not mean that the bigger more positive voice isn’t still saying that they will strike big.

But honestly I don’t know and nor does anyone else outside of ORR (assuming results are back with them) and potentially even they don’t know if there have been delays in the lab.

What I’d like to see if there are delays is some notifications on IAMGOLD Fare North progress like we got from Bibemi and also some closure/confirmation that all drilling of our 28 holes are done now.

If they don’t want to release an RNS for the above, then simply a tweet reiterating the #holes drilled, when they were completed and that NEWS i.e. results subject to lab leadtimes remain on track to be released in Q2.

Let’s get a forward looking reminder rather than a rehash of news or some weird tweet about where a partner is investing on something that is nothing to do with us.

Come on TL - let’s remind the investors, partners and competitors that Q2 is the qtr that ORR demonstrate Cameroon holds a major Gold resource.

Completely agree that all we are doing is speculating. From the previous conversations we’ve all had I do think we are all genuine investors that are getting a little twitchy.

Don’t get me wrong I still ‘believe’ in my gamble that ORR will find enough gold in Cameroon to come good. But the all important news is imminent it’s concerning that the two key areas of tweets that the company issued over the last couple of days are around cost cutting and money mgmt and more potential. Rather than the all important drilling results. Obviously they can’t release the results on Twitter, but just a little wobble from me.

Still airing on the glass half full side of things though so my opinion is a hold.

Kutzz, forget about hindsight trading. I lost loads in SXX when I thought that would be my retirement fund. I managed to get my pot back to be only 60% down but have now ploughed a reasonable chunk into this.

Basically I am a gambler, I know the risks and there will be many saying it’s madness, but I do believe I’ll find something that comes off.

I still look at the people involved in ORR and the potential and think over the coming year(s) this will drive significant Note

It’s just the little voice in me that is getting louder... I still am trying to remain positive by looking at the potential here. But the recent tweets aren’t quite keeping me as confident as I previously was.

Happy to raise a drink to the optimist in us both Kutzz!

Kuttz/Leathal, yup you are right, just excerpts from the end of March report.

Makes me now shift even more towards the results being avg.

Again, I’m not overly bothered about the length of time to get results back as for me it’s still not really ‘late’. However with each passing day of no news, does make me think that they have the details and are working through a release strategy to minimise the impact.

Step-1 - delay release of assays until they get more results back and work out a strategy to release/bundles assay hole results
Step 2 - Remind people that finances are under control
Step 3 - Remind people that there are still more opportunities to strike better grades
Step 4 (assumption) - Release an RNS to confirm IAMGOLD have completed(partially or otherwise) Phase 1 drilling to remind people more than just Cameroon
Step 5 - Release the Bibemi Assay results

I have 15m reasons to hope I am wrong but the more I think about it........

Leathal, i know your question wasn’t directed to me and I too am very much novice at this.

But my understanding is it’s not just about grades. Cost per ounce is key. If you can open pit mine then lower grades can be good as the mining is cheaper.

But my simple understanding is that double digit is good and warrants further investigation.

Hence whilst you would always want more, from my simple view it seems positive.

Really would be pleased to hear from some of the experienced posters though.

I would say I still am positive and I really like the last words too “a good indicator that we have gold in the system”.

But the little negative voice in me being honest does get slightly louder the longer we go without news. I wonder if the flurry of tweets is to try and drive some positivity before results of avg grades land from holes 2 and 5.

The message I took was:
Don’t worry about the results, we have identified some more double digit g/t opps that confirm the strike length is bigger, hence now have some more targets to go after. And from Bob’s message, I have costs under control.

You could say these are setting investors up not to panic when the next batch of results are announced.

As Dogstar mentioned last week or so, potential, even one that is growing doesn’t pay the bills. We need solid and strong news.

The bigger more positive voice in my head says wow, on top of pending drilling result, we now another 3km/40% increase in strike length to investigate!

Hence whilst we didn’t quite get the RNSs I wanted for, I really do think the board have a sense of humour sending them out on a Friday before the BHW which I like. I am pleased that TL and board have given something to ponder on Twitter. And as I say my positive voice is still much louder than the little negative one.

It’s great they are back active again on Twitter. Hope it continues and we get SOLID news earlier/RNSs in Q2 than later.

Thanks TL and team. Looking forward to a news strong May and June, but can’t say there is no apprehension. Patience for the results though not an issue as this was always longer term for me.

GLA.

Hopefully answers to the most important of our questions have been provided by then HGW.

I guess these show the board have a sense of humour.

Cheers Westh1.

You are right about the blue day.

Without news, nothing has changed, apart from a potential paper loss for some based on the low volume/drift.

If however you still believe the potential to strike gold outweighs the risk of poor results then nothing has changed.

Just a bit frustrated that I averaged up on the rise in Jan but still confident of results both Q2 in Bibemi and Q3 Fare.

With that in mind my next thoughts lead to when the next raise might come on the back of good solid rise/news. I still see lots of growth potential but also to maximise that more investment needed for 2022.

But for now focus is on Bibemi news. Fingers crossed for something tomorrow and toes crossed for it to be stellar!

If nothing comes though, all still good as we know news isn’t far away.

GLA

FOMO kicking in for a BHW RNS?

Please TL, just giving us something to ponder over the weekend would be great.