Anyone fancy setting up a business in one of the most challenging markets out there? Just go and see Orogen, I'm sure they'd lend you £250k every few weeks.
Have any of the board got experience in retail? Women's clothes? Online marketing? This venture smacks of desperation, I hope I'm wrong because they're playing with my already vastly depreciated investment.
When will this start trading again? Any idea on timescale chums?
I made a small investment in this 'Company' a few years ago. Invested approx £1200 and sold when the 'investment' was worth £25.
Why sell at £25? The company seemed to be poorly run, with poor communications and it just became very frustrating reading all the hype, promises of great things to come, which always resulted in nothing in reality - yes I should have done proper reasearch before investing and so should you! :-)
Personally I wouldn't trust this 'Company' with £25, I assume the Directors have large shoes, red noses, large wigs, colourful clothing and make up. Some people will find them funny, I just find them scary!
"Cash shell Orogen looking to buy Thread 35" http://www.hl.co.uk/shares/aim-and-small-cap-news/aim-bulletin/cash-shell-orogen-looking-to-buy-thread-35
Thread 35 have the Sosandar brand. "5 Minutes With Ali Hall, Co-Founder & Co-CEO, Sosandar" https://www.retailgazette.co.uk/blog/2016/09/5-minutes-with-ali-hall-co-founder-and-co-ceo-sosandar/ . There could be some advantage from mixing clothing sales with editorial.
When I google "Sosandar" I see "Up To 70% Off Sale / With 70% Off Itd Be Rude Not To / Treat Yourself, Guilt-Free". 70% off seems brand-damagingly high. Following the link to https://www.sosandar.com/sale?gclid=CLyG8LCmj9QCFSEW0wodr9sCtg actually gets "Up to 50% off - because the only thing better than shopping is sale shopping...", but with "30% off selected styles - ends Monday" on the top-left tab.
Ramped by hot stocks yesterday ( Winnifrith ) and his share blog today .
' emergency share tip ' ..lol
Placing 26/7/16 @ 0.015 ( was there a consolidation ? )
Another placing and O.O...... 21st March just gone @ 1.5p.
....claim your shares in the exciting new Orogen set up at 150% current cost price.
"You know it makes sense Rodders, cos this time next year they'll be millyonaires".
Who the hell thinks up these things?
They should've stuck with Deli Jovan with it's historic high grade resources. I could never understand why they walked away and basically wasted two years at Mutsk and Silverton.
What the hell they think they're going to do now is beyond me. Possibly identify an opportunity they can't afford without further dilution and go to the market yet again?? IMHO, I'd say their dealings are pretty damn dubious.
True, too true, they've been very typical of a junior AIM miner, not very much news, dilution and more and more drilling. I bought this as a punt and seen my holding drop. Could have got out a while back with a small loss, but it's too late now. Need a miraculous recovery to get my stake back. My strategy has always been a few punts every year or so and this has been one of the bad ones, not as bad as MTV though!
Hopefully we can see an up turn, but this is years away from production, or will they sell off? Or will it die a death of a thousand dilutions!
Nice little rise today, think we can expect more news in the next few weeks. I am sure the company will want to start turning this exciting information they have into results that will see this rock bottom share price we have start to rise.
A lot of potential here and the only way is up. IMO
I feel this is very positive news. The work the team have been completing have returned positive results. If the team can take this information and start bearing fruit on the project there is only one way the share price will go. Although the market doesn't share my optimism this morning.
Glad I returned to this company, onwards and upwards for ORE.
Many thanks to Gary at Walbrook for responding to my request for an update:
"Rules are very strict on giving information to individual shareholders but what we can say is that the cores from recent drilling at Silverton have been sent to the assay labs in Reno and Orogen is waiting for the technicians to get to them during this very busy period."
Oh yes. Silverton. I'm sure in the days of the California gold rush they didn't spend all their time drilling endless holes and prevaricating about where to dig.They found a vein and just got on with it.
Remember the grades for Deli Jovan? Top class. So why the hell did they lock the gates on that one???
I agree with you on the results they're achieving here Tatty, the grades are poor and when you consider they're highlighting the best grades, what's the rest of it like?
Typical RNS to keep punters on board until Spring.
Good news nonetheless but why the partners didn't want to partake is an odd one.
I'll not be buying more but if this flies it could be a huge upturn as the price at the moment is painful.
Positive news again in relation to the results from the recent drilling of 4 holes...but why would the local partners choose not to be involved?.....more funding required for next year?
"Orogen's local partners elected not to contribute to the current drilling programme, so Orogen's holding in the project will increase beyond the previously reported 80% level in accordance with the terms of the Joint Venture Agreement."
I topped up last month and will continue to hold until they get some gold out of the ground or they run out of money!!
I agree that this is indeed positive news and as a long-term holder, I am keeping my fingers crossed.
The only niggle I have is similar to what "Tatty" highlighted which is we have received RNS after RNS providing these "positive" drill testing, etc but no significant assets have been brought up to the surface to begin production.
I do however remain tentatively positive and will continue to hold until we run out of money, or become a world-class gold producer!!
Positive project overview supports step-out drilling at Mutsk, Armenia
Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, reports on its review of the recent diamond drilling programme and further planned step-out drilling at the Mutsk gold project in southern Armenia.
· Management strongly encouraged by preliminary modelling of 2016 drill results
· Potential for significant strike additions
· Step-out holes planned to north and south
· Immediate drilling start-up
Colin Bird, Chief Executive of Orogen, commented: "The planned drilling step-outs are aggressive and, if successful, will considerably enhance the project size. This, together with the recently announced drilling programme in Nevada, demonstrates that the Company is strong in its mission to identify a portfolio of significant near-surface gold deposits in different global regions to spread risk and enhance shareholder value. "
The Company recently completed a review of the 2016 diamond drilling programme at Mutsk, the results of which were reported in a news release on 06 September 2016. This programme located several new steeply west-dipping gold bands to the east and south of the previously outlined Main Gold Zone. The new discoveries substantially extended the footprint of the known gold mineralisation and indicated the potential for further significant additions to the south, east and north.
The review has led to the decision to undertake further step-out drilling along strike to the north and south. This programme will assist in defining the overall envelope of gold mineralisation at Mutsk. The drill rig has already been remobilised to site and work is expected to commence immediately. The additional drilling is expected to be completed in approximately 4-5 weeks.
For maps of the Mutsk property please refer to the Mutsk project page on the Orogen website at www.orogengold.com
About the Mutsk Project
The Mutsk Project is located in southern Armenia at about 2,000m elevation and is three and a half hours' drive from the capital Yerevan. The site is accessible most of the year other than during the core winter months. Maps showing the location and details of the project are available on the Company's website.
Limited historic exploration had been carried out until drilling by Georaid CJSC in 2011, which intersected low sulphidation epithermal-type pyrite-gold mineralisation in altered and brecciated tuffs, similar in age and gold grade to those that host the Lydian International high sulphidation Amulsar gold deposit (5 million ounces in Measured, Indicated and Inferred Resources at an average grade of 0.7g/t Au) located 30km to the northwest, also in Armenia. Lydian has recently announced that it has secured the financing for the project and has commenced construction.
Orogen has just completed earning an 80% interest in the property and can increase that holding if its' local partners elect not to contribute towards future work programmes.
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