new share issue proposed? Sorry bee noff the ball recently - this doen't sound good at all !!Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, announces that it has today published a circular to shareholders ("Circular" to convene a general meeting ("GM" at which it proposes the sub-division and consolidation of the Company's share capital ("Capital Reorganisation" and to grant new authorities to allot and issue ordinary shares. The Capital Reorganisation and the grant of new authorities are subject to the approval of shareholders at the GM which is being held at 2.00 p.m. on 19 December 2014 at Finsgate, 5-7 Cranwood Street, London EC1V 9EE.
We have already bought the turkey the latest announcement is the stuffing
Re: Bought in.. Gamblers please be aware it is often worth researching the publicly available history of any existing directors previous companies. Here is a clue:[link]
Re: Bought in.. Sadly there is a real issue with dilution here with what has already happened and what might happen in the future? The only way to stick with this share is to keep averaging down and keeping in touch with the share price.A very, very risky strategy but the other option is to sell and cut losses. If or when significant price changing news comes and the share price doubles or trebles (lets hope!) it really won't make much difference to those who are sitting on an average entry price of pence rather than fractions of pence.I'm sticking with it for now and gambling with my eyes open. News is encouraging but more is needed than just news otherwise ORE will become, or maybe already is? an earner for management and employees and a money pit for investors.AIMHO and DYOR
Re: Bought in.. I bought in a couple of years ago having looked at the potential prospects and what looked like a good risk/reward situation. Unfortunately however throughout this time all I've seen is so-called "good grades" found during drill testing and jumping from one project to another......without ever actually digging in the areas where this has looked positive.I'm struggling to see how the Company is going to turn a share price of a 10th of a penny in especially given that the weather is going to halt operations for the next few months.Sorry for the rant but this one has been the biggest frustration of the lot!!M
Re: Bought in.. Why? How do you see this company ever making a profit? What is the strategy for providing investor returns? Only for gamblers.
Bought in.. Well underpriced....continual great news-flow and further news due within the next two weeks.MASSIVE upside from here!DYORGLA!