Member Info for Orion10

What are you smoking ! Its a lifestyle company and there will be no rerate until a new captain takes command of the ship .

This is the opportunity for Thor which management conveniently ignores. https://www.asx.com.au/asxpdf/20191218/pdf/44cp9dcmnj10q6.pdf
Apart from the fact we are all on the doorstep of what will be an exceedingly profitable gold mine the exploration potential is huge. Worth ten times anything Thor has with tungsten and copper.

If Thor leverages the Pilbara gold story it can expect to attract serious investors onto it's register -not just traders. Assays from Panorama are due and the excitement in the Pilbara generated by Novo is building -another announcement today. Note how this is progressing -nothing like conventional exploration https://www.novoresources.com/
Novo with a market cap of C$655 million. Or see De Grey todays announcement -high grade -shallow - potentially very profitable. If you are waiting for Molly and present management to get some traction in the share price you are going to be waiting a mighty long time because the next capital raise and massive dilution will be just around the corner.

Trojan Noone is talking about soil sampling -it is stream sediment sampling -panning for colours which can lead to significant gold deposits. Wait now for the assays that are following and then if encouraging watch it progress . George Merhi who did the work is the best -- Or go to Kairos Minerals -or Novo Resources - the way we progress in the Pilbara is nothing like you imagine. Karlawinda is more conventional -and that's a long story too.

Olderandwiser. Thor management don't have the drive -the knowledge or inclination to do anything other than pursue the tungsten and copper business model . They don't want to move out of their comfort zone - its a nice lifestyle. The company with existing management has cried wolf too many times -no serious investors are going to touch the company now with a barge pole. There has to be change - new ideas to get a premium into the share price -otherwise like night follows day massive dilution with existing shareholders diluted out of existence. That cant be allowed to happen - or its shades of Regency Mines :-)

Trojan How many times do you have to be told. To progress Thor's gold interests in the Pilbara only requires very simple low cost exploration methods. Go check Novo Resources - a market cap of $600 million + and they haven't found any gold yet of any significance. If the assay results from the recent stream sediment program are exciting that might translate to the share price. It certainly will do more for Thor than babbling on for the next ten years about tungsten. At Karlawinda the company has significant acreage that will be of considerable interest to a major - so no drilling -no necessity to prove up any resources - direct and significant value accretion by doing joint ventures.
Iron ore is booming again - a commodity in demand which attracts major investors -the Aussie economy into surplus on the back of iron ore. Molyhill will never see the light of day and even if it did would like most tungsten producers struggle to turn a profit or go broke as so many do in that industry.

Thor has two great opportunities -the gold is exciting but iron ore just as compelling. https://twitter.com/iron_northwest
The company will go nowhere with tungsten - just more of the same bull dust we have had to endure for the last 15 years.

There needs to be a change in the CEO - a work in progress.

I also positioned Hamersley Metals (Thor) with highly prospective iron ore tenements -also being ignored.
Iron ore is going ballistic again -strong commodity. https://twitter.com/iron_northwest/status/1204324034093015040

We wait with bated breath the next scientific revelation at Kapunda. I have bought some popcorn - Meanwhile we await the assay results from Panorama being announced to the market. And the next results from CMM at Karlawinda where Thor have significant contiguous acreage.

No my old buddy brought in Bugnosen at Mambare -I focussed then on my iron ore strategy with RRR -which went gangbusters and made everyone a lot of money when I engineered the takeover of Jupiter Mines - fought off the Chinese and enlisted the aid of Brian Gilberston and Pallinghurst. Goodnight from Perth -- Cheers Ken

Yep I upset one of the true believers Zumore. One fella I know went ape a year or so ago because I queried the production cost of the USA coal viz their selling prices. Blind Freddy could see they were losing money. If he had listened to me he might be a bit richer today :-)
Anyway all good fun and the best of British Luck to all the shareholders of RGM.

Yes and the clueless pumps on Twitter did not work -back where it started.

The resource figures published by Northland in the early 70's are significant but the gold as best can be ascertained is locked up in complex sulphides and most likely not recoverable with conventional extraction techniques. That video was 9 months ago -we have a gold boom in Australia and management are still babbling on about tungsten and copper and have done zero further work on the gold. Nor doing sweet f---all on it's very strategic gold tenements at Karlawinda. If there is 1 million oz + gold potential at Kapunda they should be moving heaven and earth to progress testing and if not recoverable with conventional techniques look at the Albion Process. Of course there may well be community issues -in that case if ISR does not work and cyanide or other gold in sulphide extraction techniques cant be used for environmental reasons the gold is valueless.

Nice bounce up over 40% on ASX

Its the way you go about developing a high grade narrow vein gold mine -not a cross ramp.

Now its simple if management listen - Get that focus back on gold - drill the guts out of it and prove up resources exactly as we do in Australia and don't spend all day on Share Talk -get out there and get some runs on the board like SPX are doing in WA.
https://www.asx.com.au/asxpdf/20191203/pdf/44c72nswdbl2mj.pdf

Gregs Stottie For your information no work was done in the first year of grant at Palomino and no work has yet been conducted in the second year. I should know the tenement is still in my company's name. You are talking a lot of rubbish -a junior explorer is defined by management and its project and its focus -not chasing birds in a dozen different commodities none of which except gold will fire the market and none of which the company has the funds to progress or even in the current situation the ability to raise funds.
All the talk of cash flow from a small .6 metre vein width and a few tonnes on a waste dump is nonsense -serious investors in gold stocks want to see significant tonnages and grades and the only way that is going to happen is when the company gets stuck into a serious drill program.

Exactly as I predicted - savvy investors who were on board for its gold potential deserting the ship. People spent weeks researching the potential -some spent weeks promoting the stock and then what does management do -throw a hand grenade into the tent.
Well now is the time to speak up and tell the board to stay on the gold message -if they don't MNRG will waffle along like so many who don't have a clear and concise focus - A company the size of MNRG trying to be all things to all people is a recipe for disaster.

How to bring a rocket down to earth - all set for the stratosphere with high grade gold -exactly what the market wants and what do management do - grasp defeat from the jaws of victory. Noone wants oil and gas -everyone wants gold. Time for a change in directors -they could not run a chook raffle.