Member Info for Minesinthemine

LL, I too checked how much I was able to sell in a chunk and you are right, given the market size for ORR there is still a reasonable demand for my shares, but I'm not letting go of them.

Hornygoatweed, they haven't given specific details of the Senala drilling starting , but in the 23/3 RNS they did state:
Both programmes scheduled to commence shortly, subject to receipt of a forestry permit, with a planned completion date of end ofQ2-2021;

Results anticipated in Q3-2021.

Given there have been no more annoucements, the assumption should be that the plan is the plan, hence Fare North as Phase 1, for Phase 2 the plan is Madina Bafé though IAMGOLD have the right to change Phase 2 drilling back to Fare.

I'd like to think that the poor communication with IAMGOLD relating to previous results/drilling campaign have been resolved and the BoD would be focussed in ensure IAMGOLD notify them of any changes, hence we'd find out if there were material impacts to the plan.

Would be nice to get out just a simple RNS if that could confirm:
1. Drilling in Senala has now started by IAMGOLD and we are informed that XXXXm / holes have been completed and they remain on track to complete Phase 1 by end of Q2-21 as previously announced
2. Drilling of the 28 holes in Bibemi is now completed and the final XX cores are being packaged up to be sent to the lab for analysis no later than the middle of May
3. The analaysis of cores for holes X, Y, Z etc.. were confirmed received by the lab, though there is a backlog and the return of results is expected to be the latter part of Q2.

Note: All the above are clearly dependant on the reality of what is going on, none moreso than point 3, when results may already have been received back by ORR. But for various reasons they are planning a consolidated RNS to cover the drilling campaign.

Either way, like you say, would be nice to get a short RNS confirming that plans are on track, if nothing more than just to remind the market that the board and company are hitting the timelines previously articulated and that news in Q2 and Q3(Senala) is on track to be delivered as expected.

GLA

To sort out the SP we:
Obviously
Require
Results

I got caught out and averaged up in January, if I hadn't I'd been fine down here but no rampers, derampers or anything else is going to change the fact that I personally chose to invest and I personally did my own research.

However, I can't say I am not concerned as every SP drop makes the walk back up more difficult, however there is always impatientence and paranoia in these types of shares.

I'm just waiting for the people that will roll in on the forum and say "It's Market Makers playing with the SP" or "To the moon", or "This company is done".

Forget it, I invested in ORR to find gold in Cameroon, drive a partnership with IAMGOLD in Senegal and look for other partnerships and opportunities for growth.

All of the above is still in play and anyone that says "I told you so" whether the announced results are good or bad didn't know anymore than I knew. The only thing I have a small concern about is how much of my portfolio I shifted around into ORR, but I do still have some coverage in other shares, so haven't quite gone all in and it was my decision nobody elses.

Either way I don't think I'll be buying any more ORR shares until we get news, but similarly I won't be selling any either, just patiently (impatiently on some days) waiting for the results.

Kuttz, there are loads of reasons why results aren’t out, not that holes 2 / 5 are poor or that they are waiting to release them as a bundle.

It might simply be down to delays in the lab. My daughter’s class has been sent home to isolate and it’s a real pain changing meetings / work etc... The rules are not the same everywhere around the globe, but it is certainly having an impact.

Plus remember they only confirmed the assays were being packaged up to ship by ‘end of March’. It has been less than a month.

Plus we don’t know when the sent the Assay for hole one to get the results back when we did.

I have to remain confident in my decision to hold or it would eat me up. It’s patience not stupidity to stick with my investment and wait for news. If I wanted less risk I’d simply track l, wait for news and then choose to buy in. Less profit, might get spiked etc... but less risk. However what is the fun in that?

Basically the positive is exactly as my post last night. We have LOTS of results due. We have to trust the board, How, why and when they release them. If not sell up and remove the worry that the results will fall flat.

For me, I’m happy as is, but as with human nature would prefer to know sooner rather than later, but that’s life and there is no such thing as hindsight training.

GLA. Have another read of the Company report from 31/3 and remind yourselves who ORR are and what they are doing.

Lots of activity on here over the last couple of days, speculation on news, trending and technical analysis on the SP, worry about what happens if the news isn’t stellar and excitement about if it is.

Anyway I took some time out today to re-read the Company presentation form 31/3 and specifically the news flow slide. I copied it verbatim below, and where Q2 news is tomorrow or 30th June there is a lot to come in Q2 and beyond. Whilst I do listen to people looking at support levels and can’t say I’m not concerned with the drift, I am exciting with the potential. Gamble still, but good to be invested with news coming soon :-
Cameroon
Results from maiden drilling at Bibemi - late Q1 into Q2-21
Results from pilot trenching programme at Wapouzé
Commencement of package-wide mapping and stream sediment sampling at the Central Licences to identify follow-up targets – early Q2
Confirmation of 51% ownership of Bibemi and Wapouzé – Q2
Senegal
Commencement of Year 4, Phase 1 work programmes at Faré – early Q2
Commencement of Year 4, Phase 2 work programme at Madina Bafé – late Q2
Continued infrastructure development at neighbouring 2.5Moz Boto gold project
Other
Exploration updates from Oriole’s investment assets (TSR, TSD)
Continued value realisation across the portfolio through the sale of non-core assets

FYI - 666k of warrant shares land tomorrow, let’s hope we don’t get a devil of an RNS

Another morning without an RNS, but I’m taking the positive that:
1. The potential remains the same as when I invested
2. Nothing has changed

DST is right to point out that potential doesn’t pay the bills and having money tied up in a share that is slowly drifting lower is frustrating.

But for me, the reasons and potential I invested in ORR remain. It is still only ~ 4 weeks since ORR confirmed further cores were being packaged and shipped to the lab for analysis.

Without news I expect we may see more SP drift and hope we remain in a channel above .7p before news lands.

Either way I have placed my bet and am as keen as the next person to know the outcome of the Bibemi drilling.

GLA, let’s hope we have news soon. I seriously want something before Bank Holiday, just hope it’s the first one :)

Like most on the forum, I'd prefer the SP to have remained in the previous range, but nothing has changed. This is still a risk, but with each RNS the risk is being reduced. I would have preferred better grades from the 1st Bibemi hole which I'm certain would have had us running in a channel slighly higher than we are now, but we still have:
27 holes from Bibemi to announce throughout Q2
RNS to (hopefully) confirm IAMGOLD completed the Fare North drilling before the rainy season
Results from IAMGOLD Fare North drilling to come sometime in Q3 (assuming the above)
Further drilling in Fare South to commence after the rainy season
Further details to come out of the other 5 licenses in Cameroon (in their infancy, and I honestly don't know what the plans are beyond the current work, but it will be driven by what they find)
More details to come out of Turkey and Egypt

Without stating the obvious, Good results = SP up / Bad results = SP down. Hence it is a gamble when you don't know what the results are. However for me, there is enough opportunity to warrant an investment now to maximise upside, rather than waiting for the news and buying in at a (hopefully) higher price.

Don't invest more than you can afford to lose as this type of share is a gamble, but looking at the people involved and the RNS's to date, I am personally am comfortable with my holding. I will be much more comfortable when we get some more positive news.

I am deep into this share with conviction, but still know the risks on these type of shares.

Though am nowhere near panic mode, that will come if the results aren't above average, just need to keep the faith Leathal, I'm sure we'll come good.

First in Cameroon is a great position to be in and I'm sure with a good strike we'll be getting plenty of knocks at the door wanting to talk to us.

And if the first set of results don't set the market alight, we'll have many more opportunities throughout the qtr.

As I keep saying though, TL - Please, drop the lab a few more notes to get some results back before next weekend. It would be great to have the long weekend to celebrate or ponder/sulk.

#Goldpipe5

Who know what week the news starts flowing. There are still just under 10 weeks until the end of Q2. Though they did state news would be ‘throughout’ so would at least expect some new in May as well as June. More just for something to celebrate or ponder as previously mentioned I would really like to see something before the BH weekend.

Either way though, not concerned, this is all about the quality of the assays, not the date in Q2 that they come out.

The SP seems well entrenched in this range and will be without volume. Maybe we will see a small tick up towards the end of the day with people thinking about missing out on anything Monday morning. For people wanting to trade out I understand this could be frustrating but who cares if you are an LTH.

Results will come, let’s hope they are strong. And if not we still have some more to come.

GLA

I've done all my topping up not Leathal. Annoyed I bought into the last rise, and got quite a lot at around 1.25p which dragged my average up. Since dragged it back down to 0.94 and would be happier if I were sat with even the smallest of blue.

I just hope that even with some slightly above average results we will see some upwards traction as there is still more potential in the company. Clearly want more than that though.

Kuttz, in terms of next RNS, I wouldn't be suprised if that is the next one. I.e. Drilling is now completed. Assays for holes X-Y have been sent to lab, Assays for holes Y-Z are being packaged up to be sent by X date.

Maybe like Troajan has said, the lab could have a backlog, and I still beleive we have nothing to worry about as this is just time, the only thing that matters is what gold is in the Assays. When we get the result is somewhat irrelevant, I like to think TL is getting some t-shirts printed with ORR on the front and #5 Gold Pipe on the back. :)

I have no issue with waiting for results coming out. The company said results throughout Q2 and we are only 3 weeks into it. I can't say I don't go and check at 7am every morning and there is a pang of disappointment when it's not there, but the key is that the results will be here sometime in the next 10 weeks.

It definitely seems like we've landed in our support zone, though am not a chartist, the only candles I see are the osdding smelly ones my wife buys.

I do hope that at least some FOMO kicks in the nearer we get to BH weekend(s) assuming we still have no news and the volume ticks up, but the reality is I'm happy to wait until 11:59pm on 30th June if it's for the delivery of stellar results.

In short, no need for Pampers or Rampers, just sit back and hope TL times the results with the alledged heat wave at the end of the month, then it's G&T's all round.

I can’t say I hadn’t thought about option 2. But when you read the previous RNSs I believe they state ‘results throughout Q2’. Hence hoping it is option 1 and 3. Though if you remember, they said the cores were being packaged up to be sent to the lab ‘by the end of the month (March)’. So not too long really. Plus as we don’t know exactly when they sent the previous core AND as per comments about how busy the labs could be, I am not concerned at under 3 weeks with no news.

In terms of option 2. One thing we can’t influence is what the core’s results will be. You can only manage your risk. For me I am more than comfortable with my risk and am prepared to gamble for more upside than reduce my risk. Some people will but in when the results are out, but obviously gain less.

Hopefully though, the lab has just been having to redo their tests as they’ve never seen such high grades and need to double check!!

Either way, we are another day closer to news.

GLA.

There’s still time Axelrod.

As I said, I’m in no rush, but would like an RNS before the end of next week to either celebrate or commiserate with a few drinks over BH weekend.

Doing the same Kuttz. Not going to mention the result of someone hasn’t seen it yet, but that was a really enjoyable race.

Fingers crossed for Monday, and am happy with an intraday announcement to keep people on their toes :)

Axelrod/ BCB, I do think the news flow here will attract people back, we just need some above average, preferably stellar grades from the first few assay results.

Given the number of holes and location (northern Cameroon), I’d hope the rainy season doesn’t impact the news flow. We should be pushing out news flow from Cameroon throughout Q2, and in Q3 maybe doing more work before October’s rainy season. Hopefully the light rain in May/June given we are in the north won’t impact anything, plus I’m expecting the next RNS to confirm all 28 holes in Bibemi are done.

For Senegal if we get drilling done before June then we can be putting out results and moving the drilling rigs in Q3 during the rainy season so they can start drilling again late Q4 for phase 2.

My gut says it is around this end of Q3 period that any plans for 2022 may be announced along with any require raises or JVs. Obviously the quality of the grades will drive the SP but with luck on the weather we can be news rich throughout 2021 and then we just need those results to be strong.

Either way I am backing ORR and team to deliver some good news this qtr and don’t care if it is next week that we get some, but would really like something to come through the week before both the May BH weekends. Will then be able to have a drink to celebrate or commiserate.

GLA, hope BCB gets his share target before great news comes out.

Kuttz, I am over my target holding of 10m shares so will likely trade the rest on the next rise.

For the 10m I am happy to keep them until I hit my Sell target or my patience runs out. However my patience on this is a couple of years to see what happens. I recognise there will likely need to be new partnerships or placements to support exploration and development beyond 2021, but again hope that the work from this year inc the other licenses will prove that further exploration is worthwhile.

If you also look at the price of gold potential too, I would hope that these outweigh any potential dilution. E.g. 20% rise in gold theoretically should increase the value of the company. It would unlikely go up the full 20% as there will be a weighted risk applied but I’d hope gold rises could cover 10%. At 1p this is ~£1.6m but at 2p it’s over £3m which again I’d hope when you add in warrants is getting close to finding 2022. If get to 3p before any raises, then that plus the existing warrants could leave is in a good position.

Still lots of ifs, but, maybe’s and a truck load of hope but I don’t believe I’m dreaming, or chasing a rainbow. I also know my numbers and calcs but be off, but to be honest I am happy and don’t really care what anyone else thinks. This company to me is a gamble, but I like it.

Equally, I’d be more than happy if the race to £150m+ is completed in 2021, but honestly believe this year is about getting the large goldies interested in what is in our licenses and continuing until secure either a partnership or a buyout. I think anyone ramping up and talking about exponential growth is totally entitled to their opinion but I think we have a little longer to prove out the full potential.

But for my float of shares I will definitely trade on any steep rises, in particular one without news like January’s.

Everyone has their own plan and we can all comment on them but as long as that person is happy with their plan that’s great. What I don’t like is people painting golden tickets and 10p by May etc.... and think we are really fortunate on this board to have avoided all that, just seem to have sensible people recognising the potential AND the risk of ORR and hoping for a gold pipe in hole 5 ;)

I'm hoping that there is an RNS that also details a Fxxx tonne of gold.

If not back to the drawing board, but still happy with my gamble, but these are definitely for trading with, not to keep. Unlike Trojan, I held and even added into the rise, so lesson learnt and will offload some, hopefully with profit.

My preference, is another couple of weeks to build interest and then an RNS on Friday 30th April with bonanza grades to start bank holiday weekend with a bang. (I'd also accept bonanza grades any time before then too).

GLA

I've just gone and bought another 1.18m shares..

Got to be news next week, hopefully good!

Cheers Kuttz. Timed my jab around F1 practice and quali for Saturday and hoping it'll just be a lazy Sunday watching the race.

It's not too bad being stuck in a fairly solid channel with 'most' of the downward drift gone knowing that news is imminent. But you are right on rainbow chasers, I think that the impatient may have been pulling money out.

I personally hold 30% more than my upper volume target as the retrace back to the .8s gave me a change to average down and get me some volume to trade with. But for me it's largely a hold for most of 2021, to see the results and what plan is unfolding for 2022. I recognise there will likely be a raise to support further Cameroon development in 2022 but trying to time any trades on this will require some major luck. I am therefore hoping the rise in gold will help push up the SP enough to negate any raises on targets I've set and that results from Senala will come to provide stabilty after any such raise.

Either way, I will sound like a broken record - ORR is still a risk, but for me a calculated one, with guaranteed news flow throughout Q2 and beyond. Great news and this could fly, even above average news and with a rising gold price we are likely good. I'd love to see a bidding war with some of the big guns to get our Cameroon gold, and more than happy for TL to deliver a goldpipe from hole 5 at the door of Mark Bristow@Barrick and ask if they want to talk :)

I’ve got my jab on Saturday so will be laying off the G&Ts for a couple of weeks, but would be great to get some assays out and an SP comfortably above 1p before the May Bank Holiday when I could have a couple of Gin Mare’s, hopefully with some friends in the sunshine. But will settle for the former.