OAR 0.00% 0.2¢ oar resources limited

OAR General discussion thread, page-269

  1. 596 Posts.
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    Very impressive experience and achievements over 70 years - kudos to you, and I mean it.
    Just saying OAR will rise from the ashes is not enough to encourage and placate share holders who are loosing money - hard evidence by way of reasoned arguments and a clear pathway to value addition, is needed at this stage.

    I'll grant you this - you are correct in stating ["Disciplined investing has no relevance in the penny stock junior exploration space"] - but ONLY up to a point, which I will now proceed to prove.
    But first, a bit of history:
    From its inception in 1998 the current form of OAR has undergone Phoenix type metamorphosis from online shops onto an acquisition of a casino licence, onto creating online gaming companies.The only real foray into mining was in 2014 via the acquisition of the Oakdale Graphite Project, renamed from Teys to Oakdale Resources - at the time Kaoliniteic clay and Halloysite was nowhere on the distant horizon. They announced their initial Graphite MRE (JORC) in 2015 with a Scoping study to be commenced.In 2017 they toyed with the idea of an African mineral sands play which they promptly exited in 2018 - waste of cash resources there.Gold assets in Peru sometime 2018 or so - still no advancement on that.It is around this that Chris Gale (CG) popped into the mix and has been the Exe Chairman since.Acquired Julimar project (PGE) in 2020 - still mucking around with that - there should have been at least an MRE by now.In the meantime ADN came out with its maiden JORC MRE for kaolin - and that was enough for CG to jump onto the Kaolin band wagon. Everything else was dropped and Kaolin drilling taken up.Gone were the Gold exploration activity, the Graphite related activities and the PGE - Kaolin was the new kid on the block and every wanted a piece of it - The only company that has actually been persistent with this exploration and created a significant economic resource is LRS currently.In 2022 - we are back to Graphite drilling - we already have a JORC MRE - why no share price jump eh?Can you please use your 70 years of experience (not to mention the vast multi exchange experience) and explain why no share price jump? What happened? Why has everything fallen flat?

    So coming back to what you said about disciplined investing, if most of you had done due diligence on this company (something I freely admit I hadn't done to the extent I do now), the outlook could have been better - of course, I cannot provide anyone with financial advice, but I am free to put onto a public forum, what I myself have done, and one if free to take from it what one will.

    As a person with 70 years of experience, you should be very careful preaching about not encouraging due diligence - there are several red flags and markers that can guide an astute investor/punter.

    With this Sir, I take your leave - enjoy the rest of your weekend.

 
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