Member Info for MisterPositive

1p is base case. Reached 1.94 pence in Feb 2021.

We have a strong cash position around 1m cash + extra 400k R&D Credits to come in Q1.

Early sale of Turkey royalty income stream should bring in another circa $3.5m - $4m cash. Income stream from NSR @ 1.2% of metal revenues in $650m - $700m range should produce royalty income of circa $7.8m - $8.4m range. We are discounting it by half for early sale in Q1 soon after EIA approval also due anyday now.

Not a case of if but when Barrick or Newmont show their hand.

Gold resource expected to increase substantially at Bibemi in 2023 with 450,000 oz just the start.

Bakassi-1 should increase to lot more than the 440,000 oz.

Mineralisation is open at Depth and along strike. We could potentially be looking at 1 million Oz just from Bakassi-1 depending how deep Mineralisation extends to depth and along strike.

Adding in Bakassi-2, Lawa East and Lawa West, that are next to each other, we could be sitting on a "Multi-million " ounce Gold deposit just at Bibemi.

I expect this to me in high 0.20s later this week as cheap shares start to disappear fast.

Barrick Gold - take note.

Lot more oz to come here.

Meant to say....using your method, MCap should be circa £25m when you add in 148,000 additional ounces....circa 1p (8 - 10 bags from current £3m)

PortfolioPower
Using your method which looks pretty good, we got an additional 148,000 oz to come on top of the 305,000 reported today.

Just looking at Bakassi-1 currently.
Bakassi-2/ Lawa East / Lawa West - still to come.

Fantastic results. Higher than most expected.

305,000 oz @ 2.19 g/t is excellent.
Another 148,000 oz to come.

Other Gold explorers out there with approx. 300k - 500k oz valued at £9m - £12m MCap.

ORR at only £3m MCap??? you can do the maths

We only scratched the surface with Bakassi-1 at Bibemi with mineralisation open at dept and along strike.

Bibemi alone is shaping up to be potential Multi-million Oz deposit.

Then we got Central Cameroon project with gold mineralisation spread across 12.5km x 3 km area close to surface. This one could be a classic open pit bulk tonnage deposit.

We now also got presence of Lithium alongside GOLD mineralisation.

I for one am looking forward to a MASSIVE rerate in 2023

Bought another 1m @ 0.11

I expect ORR to more than 10 x bag in 2023 and a lot more than 10 bags if Gold major like Barrick comes in Cameroon as JV partner.

Egypt licence was never priced in. We dont need to provide any funds now its gone.

Dont let MMs spook you to grab cheap shares.
Instead in my view this is best price opportunity being presented temporarily before it storms higher with 2023 now being set as a major turnaround year. Price should rerate accordingly.

Price manipulation seems to be going on for past 2 weeks trying to spook few weak holders.

Need to stay focused. Cameroon is a monster deposit and we just scratched the surface.

Bibemi MRE update must be very close by the looks. Cameroon looking very good with many updates from Bibemi and Central license to come throughout 2023 which is setting up as a major turnaround year for ORR.

Also waiting for EIA approval for Turkey.

"At the CLP project, located in the centre of Cameroon, nine contiguous licences (six defined as Eastern CLP and three defined as Western CLP) cover a land package that has significant potential for orogenic and epithermal style gold mineralisation. Recently published maps by a World Bank-funded prospectivity programme, 'PRECASEM', have confirmed that the CLP project overlies the highest priority gold district identified by the programme."

....Cameroon is defo emerging as the new Gold district that will be on the radar of bigger Gold players very soon attracting more media coverage and attention....

1) Bibemi - MRE update (Bakassi-1) this month

2) EIA approval (Turkey) can come any day.

3) Bibemi - Bakassi-2/ Lawa East/ Lawa West

4) Central Cameroon- new field season underway - results of untested samples from 2021-22 field season to also come in Q1.

Soon to enter a very busy Q1 and Q2.

Expect some big price moves ahead with very strong possibility of running upto +1p or higher in Q1 next year.

And spot Gold @ $1803

Our circa 500,000 oz of Gold surely are worth more than just £3m ????

Company mentioned future partnerships for Cameroon. Obvious one would be Barrick Gold given our CEO is ex-Barrick.

Cameroon looking very good for ORR with very busy newsflow for both Q1 and Q2 2023 coming.

On comparable Gold ounces with Cora and Cobra our MCap should be similar to £9m - £12m at a minimum probably lot more coz of ORR additional income stream from 1.2% NSR on resource worth $700 million. Even if they sell it early for say £3m would equate to our current MCap.

Current £3m MCap here is just insane.

Mapping and rock-chip sampling is currently under way at Mbe, one of five licences within the Eastern CLP block, where soil sampling to date has identified a c.12.5km long by 3km wide gold-mineralised corridor (announcement dated 17 August 2022) ;

· Results from mapping over former soil sampling Grid 6 at Mbe, have guided the selection of a further 495 (of a total 835) unanalysed samples that were collected during the 2021/22 field season and have the potential to extend the mineralisation at Mbe. The samples will be submitted for analysis shortly, with results anticipated in Q1-2023;

· Ground-based geophysics is planned at Mbe for Q1-2023 to help identify the structural control on the mineralisation.

Gold Feb 23 price $1790 +$29 on the day after hitting $1797 earlier.

MRE update in Dec for Bakassi-1 coming up probably before Christmas.

Bakassi-2
Lawa East
Lawa East

To come next.

Looks like someone just did a copy and paste job of old text from few years ago and put 29 Nov 22 date on top....thats crazy !!!

Anyone can post anything on twitter !!!

Soon after the 2.5m Buy @ 0.1244 ask price jumped to 0.1265 for a small Qty.

Suggests to me placing shares been flushed out.

As per Yahoo finance over half Billion shares traded just over last 2 days:

28 Nov.....297 million
29 Nov.....224 million