Member Info for YankeeDoodler

Hunniford, let’s see what they say today.

They announce this on a Friday as they’re not happy with the news obviously, so let’s see how they are going to spend it.

They have not been careful with spend to date, they have burned through more in the last year or so than they did in the previous 5 or 6, with no real increase at Bibemi (they just changed the cutoff grade and recalculated), no exploration on any of their own/100% ground, no advance in senegal or other asset sales and no delivery at Wapouze. They did prove up some inferred ounces at Mbe, but hardly in a rapid and efficient manner, and at a grade half as good as Bibemi. Grade is king.

So it’s all on management and BoD now - what are they going to do?

5 billion shares

A billion warrants

50% of their best/most advanced projects owned by BCM

Majority of senegal owned by Managem

This is an empty husk, salaries being taken to run things for other owners, not for their investors.

Goldgeezer, is there any faith that they will spend the money wisely? They have burned through $10million in a year and a half. With little to show for it or to excite the sp.

Incompetence?

Lack of experience?

Godofhellfire,

Not sure where you get your info on the previous CEO departure from, but would it be fair to say the new CEO was a better option, or not?

One for one warrants too…

They have never done that before.

They have created a massive overhang, and neither the issue price nor the warrant price indicate they have any confidence that the sp is going to be positively affected anytime soon.

Significant raise, significant dilution.

On what did they spend the $9.5 million which BCM brought? Seem to have raced though that, perhaps a review of the books would be in order, to better understand how they’re spending investors money?

Wasn’t it only a few weeks ago that the CEO was flagging significant funding incoming from BCM?

wtf are BoD and Management doing?

Jackbal, MTL certainly climbed the sp since he joined. Charts show from about 1p in 2022 to 12p currently. But no single person drives a company like that, so don’t heap too much credit on him.

Jackbal, I’m wondering now why Livesey left when he did?

Perhaps he was as frustrated as we are?

Troajan, so it seems my gut is matched by your chart.

0.255 it is, I’ll put in my order and see who bites.

Trading at 0.26p means it’s time to buy again, so I can sell at 0.32p.

It is a regular income from this stock.

Others I hold to make a significant rise/return, but ORR has become just a small % trading stock it seems, making 10 to 20% each week on the small scale moves.

The significant news never comes.

Yep buythose, I’m not a chartist I’m afraid.

Dumbly just hung around to see if BoD and Management could/would deliver on their promises and promotions.

Seems I was naive.

I thought that Kutz, but the same thing was said about Mbe S.

And Senala.

And Bibemi MRE update.

I could go on.

Another no news week?

Is there any hope the sp will stay above 0.20, or are we back to being the day traders delight?

It would be good to see if there was any point hanging on to this stock, or whether one should just cut and run.

Anybody have any serious news or suggestions, chartists need not respond.

He’s reading from a script.

What he doesn’t say is how ORR will fund its share of the programme now that BCM has reached its 50% spend commitment.

Also no mention of the “imminent deal” which was “on the table” for Senala since the beginning of this year, apparently.

A lot of wasted opportunity.

HRY355, it’s all ‘Jam tomorrow’.

No sign of the CEO commenting on the latest RNS?

Another week of drifting share price.

Bikwik,

ORR have already attracted a mining company as an investor - BCM has a route to 50% ownership through paying for the exploration programmes at Mbe and Bibemi. I’m not sure how far they have got with this investment yet, but they must have spent a fair amount already.

Beardozer, these types of events really are a turn off, I wonder who suggested it to management?

Cekim,

I don’t know about the event, but just looking at the attending companies it seems to be sector agnostic.

I suppose it is an opportunity for ORR to showcase, but I think the audience might be a bit wide to be of any use? Perhaps they are looking for investors outside of the normal mining/junior exploring groups?

It is always difficult to front up alongside other industries - the risk reward equation in exploration and mining is very different to many other investments.

I may attend if it’s a free event.

Buythose, Management seem to be missing may communication opportunities.

Why did they change PR companies? Previous bunch seemed to be much more in the ball.

Beardozer, MTL already made a takeover, they bought Condor this year - so it’s unlikely they will be fishing for minnows. They are doing well, anybody who followed them when Livesay joined will have seen a 10 x return so far.

More likely that BCM will buy out either the balance of Mbe and Bibemi or whatever remains of ORR as they will already be 50% owners soon, before the value rises too much. That’s what I would expect, once they have a better understanding of what Mbe and Bibemi holds.