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Cannot buy any... At least through HL..... Trying another top up / avg down... But cannot buy anything...
I was just putting 2 and 2 together and hoping to get more than 4. I.e. Investors that trade mining shares on TSE get an opportunity to jump in first thing in their morning. But given volume, interest from anywhere would be appreciated, so we can maintain the SP whilst waiting for the news on subsequent holes.
Does anyone believe there is anything in the timing of the Monday's presentation/event and todays RNS to target investors in the West i.e. US and Canada and try and get some interest from those investors.
As others have said, Monday's presentation didn't have any information that hadn't been provided before, just reafirmed expecations of news flow.
Maybe absolutely nothing in it and whilst atypical there are plenty of RNS's released during trading hours. Just wondered if they wanted to give other investors opportunities to get in on new news first thing for them.
Kurtz, Irish up that coffee and tequila up that sunrise. The ride is about to open!
It may well be wishful thinking, but if we can get some strong results, rather than the recent rise on no news, we might be able to rise and align a new value for the company. Then a £2-3m raise may only be 10% dilution.
I am actually hoping the companies value would be much higher over the next 6 mths but we’ll need to ensure news flow from Cameroon during the rainy season in Senegal to maintain the SP. but definitely agree, we will likely need some funding for 2022.
Either way, I am still pleased with my investment here for 2021, anything else I add in would be to trade with on rises as I am just past my target holding.
I think if it went as low as Hunniford is suggesting it would be the first share I’d need to submit a TR1 for as I couldn’t help myself, I’m nearly at 1% as it is.
As others point out, this is still very much a gamble. But for me it is worth the risk and we are in a particularly strong position given the funding in place for this years plan. A bad set of results however and things could turn, but a good set and well........ here’s hoping.
GLA, not sure what we’ll get from tomorrow’s session but looking for some passion and fire from TL on what the next few months is all about.
I agree too. The SP today is somewhat irrelevant and given low volume/large spread could be stuck until news brings in investors and volume again.
The story for 21 so far is good, the work is funded, with both Cameroon and Senegal activity happening. With good fortune and hard work from the team we can get some results from both in Q2. Hence, sitting on hands for a qtr and see what they find. Will also be interesting for the sector as a whole to see the effect of Biden’s actions / $ strength has on the gold price.
GLA
There are also delayed transcations. My buy isn't showing up from 11.44am - 1,151092@ .92p.
I'm in it for the long haul, and I don't mean 3 mths... But would certainly like it to hold above .9 today.
I too agree that there should be good news flow throughout the year. Hopefully lessons learned from IAMGOLD communications and given the good news yesterday I would like to think we'll see progress updates both informal (twitter etc..) and formal RNS and hope the work can be completed before the rainy season for the North drilling.
For Cameroon should again have good news flow, and whilst having 19% dilution on the cards from the outstanding warrants isn't perfect, it does mean we have our partner committed to Senala and cash for Cameroon.
All good from me and just topped up again....
Hunniford, I may be wrong but is it not £25k not £2.5m.
Basically it’s 3.6m shares. I agree the warrants aren’t perfect but they do at least bring in some cash to keep the push on Cameroon going and were necessary to support the business.
Yes, there are circa 300m shares outstanding but this RNS has not said there are £2.5m of shares hitting the market, there are 3.6m shares. If they were worth £2.5m I’d be very very happy and not be on here seeing what folks make of the Bibemi RNS. Which by the way I see as good news and am happy to take all 3.6m of the warrant shares (would be nice if they let me have them at .68p too!). GLA
To be clear, I think the team have done a good job in general. I make often mistakes (like the spelling in my last post) but try to learn from them.
Some confirmation more than in the proactive Investment interview on how ORR have learned from 2020 and what improved partner communications would be great. I would hope we will get this once we get a formal resolution to the IAMG contract. Which hopefully will also come this month.
Whilst short term traders may be disappointed, I still see a bright future but it will likely be a long road with more ups and downs than we have had in the past week. Hopefully the downs bring up lots of gold :)
Anyway Tim, if you read this, square off a resolution with IAMG, come back to the market and explain what you have done, the new deal, how communications are improved and there will be no more crossed wires and then wow the market with some of Cameroon’s results.
There are no issues with being bullish on our Cameroon licenses and explaining the high level plans and timescales and I give credit to the team for travelling given the current pandemic.
However, the part of the interview related to Senegal was weak. Mistakes happen, but we were misled and therefore trust is compromised. Shining a light on Cameroon is not going to increase trust in the BoD. There needs to be a response to simply explain that the reporting errors are not acceptable and that measures are now in place to ensure this doesn’t happen again. As whilst the pandemic has impacted travel negatively, obviously delayed drilling/ground work etc... there has been a massive improvement in remote communication and collaboration.
To be clear we do not want to alienate IAMG or any other potential partners as given our size we need them. However, we should not be seen as weak or a pushover and the board need to respond firmly and clearly to both our partner and the market.
If we didn’t know about the drilling shortfall then what kind of a relationship/comms strategy to we have with IAMG
When we found out our response should have been stronger and I would like to think behind closed doors it was. Either way comms both external and internal need to improve.
Just my opinion, but am heavily invested in the company, more so than most board members and have confidence in our resources, just a little annoyed at poor comms when it could and should have been addressed much earlier.
I can't say I was happy with the price drop, but I took advantage and bought another 2.7m shares, just shy of my holding target now, but no more funds....
Looking for a solid results announcement and a strong / improved deal on Senala to stabilise things.
I am long on ORR and have been in since .2. I have averaged up a LOT and am now at 1p. I still believe that long term we have a great set of resources, but let’s be honest today’s RNS is not what anyone wanted or expected. Today will not be good for the SP. We need some solid RNS’able (if that’s a word) feedback from Cameroon rather than the interview yesterday to help stabilise this and a strong renegotiation of our IAMGOLD Senala JV contract. Without these two the positivity post Christmas will drift us back down to well under 1p. Not a DERAMP, just an opinion, but I will use these opportunities to buy. This for me was already a multi-year hold and today’s RNS proves it. Don’t let go keep faith, listen to yesterday’s interview.
Here you go Lethal. In ORR Twitter feed.
https://twitter.com/orioleresources/status/1369230073321127942?s=21
Given the current climate I’d like to think the mgmt team wouldn’t have travelled unless there was ‘big’ news. We all wait the results, but pleased with the companies news flow, better than some others. We will get some results in Q1 not many trading day left!
I know that everyone’s circumstances are different but how big are you people going here?
There is always risk, but having missed the big rises on a number of junior’s, I started in here at the .2p range. I managed 4x on GGP but given the opportunity in Cameroon our JV and the positive results around our areas give me a lot of confidence for 10x plus. The pull back on gold pricing is a little concerning but if we have good results from drilling the numbers continue to stack up and there could yet be a crazy run on gold whilst interest rates are so low that would further help our SP.
Basically my query relates to size of holding for the regular posters on here. Everyone’s risk is their own to judge, and I’ve now got what I consider a big holding and a considerable % of my portfolio in here now ~40% but not yet at my goal for number of ORR shares as with the recent rises over the past few month I averaged up a bit to quickly.
My plan is get to my target all wrapped in my wife and my ISA’s and hold for a number of years unless it spikes and I hit my exit £number.
What time frame and scale are others working to?
I've just bought another chunk at these prices. I am fortunate that I am actually averaging up at these prices as I've been in a while, but believe in the project and the company. I am trying to grow my stake and maintain an SP avr of under 1p. No ramping here, but you just need to look at the compaines operating around our areas and see the potential.
GLA, here's to news soon!
There is a very small mention of Senala on page 20, as being in Discovery Phase / Greenfield. However you are right no mention of the JV. However I expect that an RNS would need to be issued from both IAMGOLD and ORR to cover either/both drilling results and continuation/finalisation of the JV based on $ spend as per the original agreement.
I like many others though am waiting for the RNS to confirm the above, and hope to see positive results moving Senala into the next phase.
GLA.
What's wrong with selling out your stake and leaving your profit to ride. Even selling at 15p leaves you a free £1,000 gamble on a few articles over the weekend and gaining some more interest come Monday.
Basically for those that bought at 5p, this is still a free gamble. Assuming of course the shares have landed in your account.
If it gets an RNS about good business deals before it comes out of suspension I’ll be happy. The longer it drags, if it comes out of suspension I’d take that too, but without any news is the SP going to go up? For me even with no news post suspension I’d hold until the next news. If good then who knows what the SP could be. If not, I don’t care as I’ve mentally written off that this isn’t coming back.