Orogen Gold Share Discussion Threads

[valentine] 06/10/2015 08:49

25m @ 0.028p. A dly'd sell probably as no effect. 2nd higheat vol of day, so far.

[rajaster] 06/10/2015 08:46

disco, the management are trying to conserve cash and mutsk drilling is high cost which is why we havent had any news for the last year. they will probably move on.. the last rns from colin bird and has also stated they are looking for investments elsewhere.

[discodave4] 05/10/2015 21:17

RajIMV they need to sort a maiden JORC at Mutsk before seeking investments elsewhere. They started with Deli, realised it was not viable and picked up JV at Mutsk. Spent loads drilling, each time they drill they fall over the stuff, maybe low grade but viable and over a very large area. Another exploration investment IMV is definitely not what they should be doing at this time. They need to issue news soon on what their plans are.DD

[rajaster] 05/10/2015 20:24

Their not looking to spend on mutsk or deli jovan unless gold rises.. their looking to jv which i doubt will happen at current gold prices.. or they will invest elsewhere..

[discodave4] 05/10/2015 18:49

0.025Val,Why do you think they did the placing at a discount?. What are their plans for the funds raised and the remaining cash pile (£850k less their elevated and substantial wages, so about £500k cash + £450k placing).They need to issue some news which clearly states the answer to the second question otherwise this is going no where. IMV if it's not invested in Mutsk then I dread to think what will happen here longer term.DD

[valentine] 05/10/2015 16:17

How low can it go? 0.0275 to sell! We need that news. Better not to look I suppose. CB didnot join a company going under is all I can think to sustain me.

[oilbuy] 01/10/2015 20:29

Cool. Thanks valentine. Hope all is well with you. It could get interesting here !

[money4me] 01/10/2015 20:27

Perhaps you can elaborate on who is making any money from this company apart from the directors

[valentine] 01/10/2015 19:05

If you scroll back you will 'lifestyle company' refs. I don't wish to get into a nitpicking exchange. Take care olly.

[oilbuy] 01/10/2015 18:38

Valentine Who made theses allegations ?Where can I see them ?

[valentine] 01/10/2015 16:49

Colin Bird is a matchmaker. Itight take him a while to find a suitor but he probably has a few in mind. These allegations that ed slowey is on the take are slanderous at the very least. See what they propose before casting aspersions.

[money4me] 01/10/2015 16:23

is there a record for the most shares ever issued, down the pan with this anyway. when the money runs out they will just walk away. i expect the management are spending most of there time either looking for other work or actually doing other work and just taking the free money available here

[valentine] 01/10/2015 13:21

Come on Colin. Every faith

[rajaster] 01/10/2015 12:16

as it stands the mc is 1.2 million.. about cash level if we say there was 850k cash in june.. and then the 450k raised.. with nothing else priced in.. seems about right to say the resource is valued near 0.

i was feeling like this would recover.. but after the latest fund raise at stupidly low prices again.. i think they really have shot us all to pieces and a recovery is highly unlikely.. more likely to see consolidation and the game start over... just another adam reynolds company... rrr..rgm parrallels.

[marmar80] 01/10/2015 08:51

Fully agree Ast. My average 0.77p says it all. Old BOD = no progress, lifestyle company to fund retirement.

[asturius101] 01/10/2015 08:25

This placing is basically just enough to pay bod salaries for the next year...can't see any work being done

[sleveen] 01/10/2015 08:22

and previously:

sleveen 29 Jul'15 - 09:11 - 7329 of 7480 0 0 edit


Placing due anytime now IMHO.

[sleveen] 01/10/2015 08:17

My comment from yesterday:


sleveen 30 Sep'15 - 08:24 - 7457 of 7479 0 0 edit

Says it all really:

It will cost at least $6m and 5 yrs to define the resources.

How many placings will that take?

[valentine] 01/10/2015 08:12

Ok. Who cares. Sub-025p soon. Should never think you know better. Wages to pay eh? How about a few nice emotive panoramic shots of the Armenian steppe, with 4x4 in mid-distance, to make us feel better

[discodave4] 01/10/2015 08:07

Val,Ain't got a clue what your on about.Thanks for nothing Mr Bird.DD

[valentine] 01/10/2015 07:37

It is a play on prophets! Placings usually dip below.the osue price. 0.20p then eh? Cheeky releasing RNS so late, very cheeky.

Ps. Qhwre is the regulatory UK RNS. this was only issued on Alliance news, which you must pay to read. Cheeky, not even official. Concern for pi's...Not.