Member Info for Pondering

Well they didn’t listen to my request for a premium placing, though I have seen worse. Not huge dilution, and once completed expect buying interest will be very much stronger here. A dip and then a rise. Long term still looks good to me.

So the carrot: “…Eclipse-Gindalbie project area, which we believe contains a very significant high-grade gold system”.
And no need for any early additional funding.

So, earlier RNS than expected. Details to read, but seems the right decision.

Difficult to judge from here. Interesting that he has bought more around 1p, but who knows if sensible?
Some of the directors previously bought modest amounts around 1.66p.
The original shares for the 9 mth Option were issued at 2.85p.
Today there are buys <0.93p.
The Option deadline is around 20th(?) of this month, so an RNS around then is likely. Despite what is documented, this does feel oversold. However, as I read/understand it the timing means that if they exercise the Option, there will be about a 17% dilution with a big chunk of shares handed over at <0.90; if they don't proceed that's not ideal either. Ideal scenario that there is an unexpected rabbit in the next RNS hat. There's still scope here for decent sp improvement, but without unexpected good news, probably not soon. No expert, dyor etc.

Just a one-off post. Much of the discussion on the BB is binary. Truth is usually somewhere in between extremes.
On the negative, if this is as superb an idea as hyped, it should probably have taken off much quicker and stronger re actual business than it has - that's the main concern I see. In 16 months since the hype-peak, there is the perception of largely disappointing and slow delivery. On the positive, the lights are on, and improved news could easily boost this up a fair amount from where it is now. Some will likely still profit from their investment, others with higher averages may well have the opportunity to recover paper losses, if they wish. For the 'through the roof' predictions, they have to actually deliver much more in real terms. It is an interesting share at least. Time will tell as always.

I hope plenty people sell each day - it will be better to give stability on the longer journey up. But, with 40p giving an mcap of only £66m…

I find it helps to think in terms of the number of shares, rather than their current value here! I've been silently holding some for quite a while. Of course, it's the kind of share that could go many many multiples in the right circumstances. The low-volume, low sp, high spread MM punishment comes with it unfortunately. Waiting patiently.

I've not been paying much attention to the BB recently. I remember arguing with a basement-guy (LB?? I think he was called) at 17p. I said it was no concern to me, as I wouldn't be selling.
Still ****ed with the placing at 20p, but mostly letting that go.
I won't be selling at this level either. If you believe based on the assets that this must go much (much) higher, and you don't need the cash now, then it's a calm wait. It's probably not going to be days, or weeks, to reach my target, because it's a lot higher than this. It's called an investment and it can take time.

The high R number for omicron could mean it will roll through, peaking and dropping, much quicker than other variants. We will see. But certainly it's unlikely to speed anything up.
I don't mind waiting, but... reminder for the BOD - 12p+ for any placing please to maintain positive investor sentiment and keep better value potential going forwards, thanks.

Anyway, tuning out for a while. GL.

Hit a nerve obviously. Can only be good.

Irrelevant, unless you are one of the sellers.

I stand by my statement. Very low volume.

Fact is that there’s hardly anybody buying or selling. Almost everybody is waiting news. So, on the positive, there will be less to clear on the way up, assuming good news will actually come. Certainly been a pain though so far. Also, can be helpful to remember that there are two banks and an investment fund here, not just us PIs.

A reflection of market sentiment not specific to ORR. Some buying here today ~15% below the Sept placing price, which I assume purchasers and BOD at the time thought was good value. At least the placing was done and should give a decent timeline and activities into the second half of next year. Who knows what the situation will be then (rhetorical).

Someone recently posted ‘no news is good news’. In the current situation, that may well be right. When there are a lot of disappointed and irritated people around here, releasing a so-so/middling RNS won’t cut it, and may be counter-productive. Basically, the next RNS would be best to clearly indicate unequivocal massive profitability ahead. Then we can de-stress a bit, and the buys will return.

Assuming another update will come first on the reperforating/other works on the two recent wells. Before the N.Y. or soon after? Then next some financials in the context of increased O&G prices. The helium exploration - amateur read of the geology that it’s not classical for trapping, though possible. A fair wait to find out.
Accepting low sentiment from previous events, does seem low mcap for the mixed producing and exploring strings.

Disappeared poster whilst I was posting thoughts. Anyway, good luck to us for 2022. Still holding.

Understandably, and importantly, FM does seem focused on the business on the ground in SA and his employees. He’s not shown much interest I can see in the share base, PIs, and publicity, which is not a strength. The current sp looks limited by the sells (controlled probably/hopefully no lower), rather than lack of buying. The long term view here has always been that quality & resource will out in time. It does look likely that increasing V demand will ultimately drive this on.

AM must be getting some pressure also - it's not a good look for him, particularly the longer it goes on like this. I won't be surprised if there is a positive RNS of some kind tomorrow, rather than leaving stewing over the w/e. But then again...