Member Info for Orion10

I could fire up RGM again with gold in WA - happening across all my portfolios -working with people who have an impeccable track record - even a new gold discovery for Thor. But would need a complete corporate restructure as is occurring at Thor.

Just remove Billing so the company can move forward with its gold projects - simple.

I don't care what Pierpaolo brings to the market -he has no experience in the gold industry and that is where MNRG should remain focussed. MNRG is signalling to investors a company chasing birds all around the globe but never getting one in the cage.

MNRG is not an investment company - it has paraded that mantra but then switched to being a gold exploration and gold producer. Now it is switching to being an oil and gas producer.
If it was an investment company it would be 'investing' in a gold exploration company not directly exploring and promoting the fact it is the entity that is going to produce gold. Spin it off the gold okay - as we did when we set up Cobra -that is an investment focus- but to spend a year hyping a gold project and then doing an abrupt u turn then and suddenly inform the market you are also going to produce oil and gas sends a confusing signal to the market -especially as the company does not have the funds to do anything worthwhile in the oil and gas industry nor the ability under LSE regulations to raise the capital.

Moshin We all like making money - I was a vendor to MNRG - but rest assured if you are really going to make money in this market you focus on gold -not oil and gas ffs.

Mohsin What would you know - any junior who has a confusing array of commodities that the market does not understand will be punished and that is exactly what is happening. To develop gold assets you need the right people on board and focus -to add oil and gas to a company that with no management breadth and cant fund it anyway is suicidal.

Beggars belief -just as they were starting to convince the market they had the makings of a high grade gold mine they threw a hand grenade into the adit. Most stupid move by a public company I have seen in a long time - total confusion and the market reacted accordingly.

Gold and oil and gas -went down like a lead balloon -and just when I thought I could quit this dog !

But the ------ in the woodpile is still there Mr Tonguesten -for the time being -- Look at Novo Resources on Pilbara gold and they have not found anything yet -over a $600 million market cap.

Just remove Billing and focus on gold - Thor have very exciting ground holdings immediately adjacent to Capricorn Metals and they wont even acknowledge the project exists. Top geologists are incredulous that no preliminary work is being conducted whilst Billing keeps drilling tungsten and copper projects in which no one is interested.

Agreed a1m 1 -get rid of Billing and this company can be restructured. I won't touch it with a barge pole unless he stands aside. We have some great gold prospects that can move Thor forward quickly -right next door to Capricorn - see CMM today strong in the market. Anyone not refocussing to gold is going to be wiped out - Hong Kong is the Black Swan and believe me it is going to get a lot worse.

Agreed - to build upon golden foundations we need new management. Stay tuned -

See the Croydon project of Kairos which demonstrates the panning method used to discover new gold areas at that specific location. Throughout the Pilbara potential for large alluvial resources exists where bulk sampling after panning and metal detecting is the way to ascertain gold resources -not drilling. See Novo Resources and all the press on the Egina lag gravels. A company trading about $2.70 a share with about a $500 million market cap last time I looked.
The Panorama tenement is showing colours in the pan -that is significant -more significant than getting a few PPB in soil samples . The gold is coming from somewhere and I expect further work will show up nuggets like GGP and hopefully a new gold discovery in the mafics and/or basalts. Most likely structural but we have Mt Roe Basalt as well - the same geological formations that hosted the exciting new gold discoveries by Novo at Karratha.

In the Pilbara there has been a gold rush in conglomerate gold settings and also in structural settings both of which have potential on the Thor tenement at Panorama. Firstly GGP have delineated a 6 km gold discovery which we abut with the Pilbara Goldfields (Thor) tenement. This was outlined using simple metal detectors finding a lot of nuggets -followed up with soil sampling and magnetics. Drilling will presumably follow soon. See the GGP press . To the north FEL -ASX joint venture with MML-TSX they are commencing drilling -and another PGL- Thor tenement abuts.
The best geologist in the Pilbara is George Merhi who I arranged for Thor who has an impeccable track record with many companies. His latest work found a lot of gold for Kairos -- https://www.asx.com.au/asxpdf/20191028/pdf/449xy2sxps5zl0.pdf
Merhi is an expert in stream sediment sampling which is a highly effective exploration method -as well as metal detectors -to locate gold in the Pilbara. The best example of this is Novo Resources using metal detectors -a company with a market cap of $500 million backed by Sprott -Kirkland Lake and now Sumitomo.
The program carried out by George Merhi is just a preliminary helicopter assist for several days to do some streams and it has worked -they have proved the presence of gold on E46/1262.
Fellas it has taken me six months to get Billing to even acknowledge that Panorama and Karlawinda even exist -and now hopefully more serious work will be conducted at Panorama. Further results from GGP and FEL might assist put this excting new gold province on the map. Millennium have a big hungry CIP plant a short distance away at Nullagine and if resources can be proven in this belt of country the Canadians will have their cheque book out -the first cheque for Novo was for $56 million and counting-
The exploration method is sound -it is very inexpensive and the rewards can be significant. Stay tuned -

Billing has had a thousand chances and destroyed the company and you want to give him yet another chance - go tell that to the marines.

Vote out Billing - put Molyhill on ice and rebuild this shattered company with assets that have market appeal. Stop the senseless dissipation of funds on more drilling of projects that after several decades no one will touch with a barge pole.

Trojan You are way off - I have significant iron ore holdings and iron ore is a very profitable business too. As far as I am concerned in the present environment iron ore and gold are my principal focus. Notwithstanding we have several million tonnes of barite in the NT -a critical mineral now given the USA is dependent on China -we have rare earths in the NT another critical mineral and cobalt -lithium. But nothing apart from iron compares with gold at current prices . Thor is just a lifestyle company - Molyhill has been around since Adam was a boy yet people like you still believe the spin.

I rest my case -good luck everyone.

The day CGNR ever mine an oz of gold I will swim to Greenland and back . Study genuine ASX producers and exploration companies -REAL gold producers.

Trojan The gold price is AUD$ 2300 oz or thereabouts and average AISC about $1200 oz -many top producers under $1000 oz so that equates to HUGE profits for the average Aussie gold miner. I suggest you refocus from the dog stocks on AIM and start doing some serious research -gold production is highly profitable in this country. AIM is toxic - very few genuine exploration - mining companies.