olympian, my take on the uranium projects is that the company stated already they are not core (read = not worth much) so why keep flogging a dead horse. the more you talk about them the more you loose your own credibility.
about your comments on the pfs stating all the value etc, why dont you get them to start doing something to prove there is actually some gold there. if there is then we will get value in the share price, but until they prove that there is gold there the market wont believe the company and your comments about how much its worth. simple as that.
if you know someone has bad breath then most people move away from that person even if he might be a great person. at the moment oropa has got bad breath cos management have lost credibility so no one wants to invest in it. if management do something on the bfs and prove there is gold then they will get some credibility, but while they keep talking about the gold project but keep spending money to increase the resource and not get on with the bfs then the market will doubt the value and i am, even though i am a shareholder of long time, now also doubting there actually having the gold. all they are doing now is dilute the shareholders more while the share price is so low to drill further and further away from the area they reckon they have gold in.
i have questioned before why is the resource still inferred if the drill grid is less than 100 meters spacing in a lot of the resource area. to me it means that the confidence about how much gold is in the resource, and also that means there is a huge drillout required (huge cost and lots of time) to prove its there if its really there. this will take lots more time before any development and until they start to do that then no one is the wiser and will doubt any value you talk about. and in the meantime the more dilution is happening. dumb.
why am i frustrated, not just cos i have lost so much on the investment, but cos these dudes dont even have any commonsense on what to do, im not a professional manager but i have got much more commonsense than these guys earning mega bucks to mismanage our company.
ORP Price at posting:
3.2¢ Sentiment: None Disclosure: Held
