OAU 12.5% 0.9¢ ora gold limited

To start on a positive note, these recent grades from Crown...

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  1. 3,448 Posts.
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    To start on a positive note, these recent grades from Crown Prince are on par with what DEG , BGL, or what RMS are getting from their hi grade Penny West mine.  It certainly looks like they have a high grade resource.

    Unfortunately, a look at the LT chart in this sector spells one thing -  crap management.  4B SOI means too many cap raises with no reward.

    upload_2023-7-8_8-26-58.png

    Presentation didnt light my fire, just another CR for more exploration. I wont be participating as once the consoldation happens, I expect the SP will likely drift back down again - seen it too many times. Unless of course they keep hitting these grades.

    upload_2023-7-8_8-31-5.png

    They dont actually say what these "value creating initatives" are. Lame.shit talk AFAIAC.

    upload_2023-7-8_8-34-26.png
    Ohh, r eee aa lly? Refer chart above....pfft.Or are there all new members on the board these days? Unless Passmore brings some immediate changes and shows a leadership/directional change, I wouldnt bank on this statement. ITs jsut the usual shit talk.

    upload_2023-7-8_8-45-9.png

    This sounds positive. Early small scale mining to get some cash in after all these years - like OBM did. Remains to be seen whether they are actually able to achieve this, or whether they continue on a multi year exploration program to prove up a larger resource from that 1700m strike.

    Lots to like here if you have top management running the show, and not that many amongst the juniors from what I observe. Will be keeping an eye on this one. GLTAH.
 
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