Orogen Gold plc (formerly Medavinci plc) is a UK public company quoted on the London Stock Exchange AIM market The company�s main activities are focused on mineral exploration and production in Europe.
The Company is incorporated in England & Wales and its business is managed from London and Dublin.

The Deli Jovan gold exploration project in Serbia is the Company�s main operational project.

Directors
John Barry 6.12%
Ed Slowey 6.07%
Alan Mooney 4.36%
Michael Nolan 4.36%
Adam Reynolds 4.90%

Orogen Work Plan

Orogen�s exploration objective for Deli Jovan is to demonstrate the potential for a minimum 500,000 ounce gold resource, with scope for substantial additional resources. Orogen will target a maiden inferred resource of 100,000 ounces of gold which would support an initial two to three years of production at an annualised rate of 30,000 to 40,000 ounces of gold. Subsequent drilling and sampling will be aimed at further extending the resource base to support a continuing mining operation. This will be achieved through re-opening and detailed mapping and sampling of the old mine workings and diamond drilling to confirm and extend the Rusman and Gindu�a deposits.

Subject to the outcome of the initial work phase, a follow-up programme is proposed comprising 20,000m of diamond drilling to delineate a maiden inferred resource of 100,000 ounces of gold sufficient to support two to three years of production based on a preliminary economic assessment.

Chairman Adam Reynolds said, 'We have a very exciting gold project in Deli Jovan which I believe will significantly enhance shareholder value and additionally we are reviewing a number of other mineral exploration opportunities in Europe and Asia that are at varying stages of advancement.
Web Site
http://www.orogengold.com/
Orogen Gold, Gold_Strategy_
http://www.medavinciplc.com/files/medavinciplc.com/Medavinci_plc_Gold_Strategy_October_2010.pdf
Reservoir The Company MVC Acquired the project Reservoir Retains 25%
http://www.reservoircapitalcorp.com/s/DeliJovan.asp
Results of Soil Sampling Programme and Deli Jovan Project Update 3 OCT 2011
http://www.orogengold.com/wp-content/uploads/orogen-_pr_3102011.pdf
Company Presentations Nov 2011
http://www.orogengold.com/wp-content/uploads/OrogenPresentationNov2011.pdf
FaceBook
http://www.facebook.com/pages/Orogen-Gold/168420376544173

Sampling results audiocast Tue, 01 May 2012, 2:00pm GMT
http://www.brrmedia.co.uk/event/96697/ed-slowey-chief-executive-officer?popup=true

Looks like the digging is well under way for the trenching samples. Pic taken from the Web Site.

is that the best "Crappy " machine they have or the only one they have??

Balerboy

Are you on half term.

Driver & photographer. Two man band, with as you say, a tired and elderly digger (the machine, not the driver!). I've dug bigger holes than that in my back garden! Come to think of it, I did see something glitter in the sunlight................;o)

LOL.,. your not really serious driver........are you.,.

Balerboy

Yes

wish i hadn't seen the pics....looks like your investing in 4 blokes and a wheel barrow

H Cat

They are digging trenching samples not a new London Underground Tube System.

Balerboy

I wish you didn't keep posting on here.

now don't get like that driver......12 mill capital and they're using a 30 year old machine??? not encouraging

Don't take it personally Driver. Not much happening on the Stock Market today, so looking at a pretty dull screen. Thus contributing inane comments to a thread I know very little about! You have got to admit though, that that digger has passed it's sell by date and I suspect has been written off the books as it has no residual value.

ditto harry, getting bored.,.
edit: though driver did leave himself open when posting the pic.,.

bb

It's not your problem if you do not hold. What is the point of posting, this is not the playground. There some serious punters in ORE holding millions of shares I we dont need this crap.

Not very happy with the share performance by the sound of it?

HC
Very happy I have been accumulating since .4 and on dips around .7 not in any hurry.

Looking good for ORE if this happens.

Gold to Reach $5,000 Due to Supply Shortage: Report

An exhaustive report by Standard Chartered predicts that gold will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls.

"Standard Chartered recommends that clients buy shares of smaller gold miners to get the most upside from its prediction but also said clients could buy physical gold and gold exchange-traded funds"

http://www.cnbc.com/id/43396080?__source=ft&par=ft

From another thread, very relevant here especially this bit from the article So I have two messages here. One is to gold share investors. Look for companies in which the management team has a significant stake


"The slickest salesman in the world

The Vancouver promoter can be any size. Ive seen short fat ones and Ive seen tall slim ones. But they all wear expensive watches, cufflinks that would dazzle even Midas and suits that somehow manage to be both Saville Row and Italian.

The handshake is manly, the manners impeccable. And, boy, are they glad to meet you. The grey hair shines and then they smile. How is it possible to have such white teeth?

And then they tell you about this mine. Oh my gosh. This is it. This is the one. This is going to make us all rich. There is nothing they wont say, nothing they wont promise, if theres commission in it for them. Mark Twain, who lost a fortune speculating in mining stocks, may as well have said a mine is a hole in the ground with a Vancouver promoter standing next to it.

When gold miners lag gold, its often a warning sign

Im saying all this for a reason.

Even although gold is up something like 7% this year and made new highs just a month ago, gold mining companies are having a horrible time. From major producers to tiny explorers, the entire sector peaked last December and has been in a bear market ever since.

Its a divergence that is galling, frustrating and confusing investors everywhere. And it didnt necessarily begin last December. Charlie Morris, HSBCs head of absolute return, observes: Since late November 2003, this gold bull market has broken the rules. If you had invested $100 into gold at that time it would have grown to $385 today. However, had you instead invested in a basket of gold mining shares, you would be disappointed to lag behind with just $216 (including dividends).

The last time the divergence was as marked as this was in late 2007 / early 2008. We all know what happened next. It also happened in 1998 with the long term capital management meltdown, and in 2000 before the tech bust.

If another 2008 crash is around the corner, gold miners that dont yet have any production and rely on the capital markets for funding, will be even more hammered, just as they were in 2008.

But it doesnt have to be like this.

There are many reasons for lagging shares. One is the proliferation of gold exchange-traded funds (ETFs). It has become so easy for people to buy gold itself that they dont bother with the shares.

Another problem is so-called Dutch disease, when profits are choked by currency strength. Miners get paid for gold in US dollars, but they often incur their costs in other, stronger currencies. Since October 2008, gold has risen by 108% in US dollars, but 60% in Canadian dollars, for example, and just 23% in Australian dollars. The South African miners, in particular, have been hit hard by the strong rand.

How Vancouver promoters hurt gold mining shareholders

However, for me, one of the biggest offenders is companies diluting themselves (selling more shares to raise fresh funds). This happens right accross the mining spectrum from senior to junior. Ive lost count of the number of small miners who declare they have easily mine-able, near-surface deposits with potential production at $500 or $600 an ounce.

Sounds great. But then they stray from that goal of a small amount of production. This is where the Vancouver promoter comes in. He doesnt care if the company gets diluted. In fact, the more shares that get issued, the better it all adds to his commission.

He flashes that smile. He persuades the miner that he can raise $2m or $5m or $10m for them. The miners eyes glaze over as he imagines all the drilling he can do. And the promoter pockets a fast 10%, or whatever his fee is, plus a bunch of options.

On the advice of said promoter, the miner sets about further expanding the resource and proving up more ounces at the end of which he has to raise more money. And were no nearer production. Weve just increased the size (and value) of the ore body.

Gold miners: just get the stuff out of the ground!

But, for goodness sake, gold is at $1,500 an ounce. If you can produce even a small amount 500 ounces, 1,000 ounces a month at $500 an ounce cost, youll make a mint. 1,000 ounces a month would mean $1m a month, $12m a year.

There are so many companies with market caps of $20-$50m. If they were making that kind of money, their market caps would double, triple, quadruple all without any dilution to shareholders. And most importantly they wouldnt be vulnerable to the ebb and flow of the capital markets. Surely its not that difficult to see?

But that way the Vancouver promoter doesnt make his 10%. So hell advise against it. And if management dont have a large stake in the company, they wont mind a bit of dilution. After all, drilling holes in the ground is easier than building a mine.

Not all miners make this mistake. Gold Resource Corp (US:GORO), a company I follow and indeed recommended to MoneyWeek readers at just over $2 has gone from $1 to $30 in five years and pays a monthly dividend. That is not a share that has lagged gold!

How has the company been successful? Because the boss Bill Reid had a huge stake himself, so he didnt dilute it. He began producing the near-surface gold as quickly as he could. Only then did he start expanding the resource further underground. Its really not a hard model to follow.

So I have two messages here. One is to gold share investors. Look for companies in which the management team has a significant stake. (In the case of Gold Resource Corp, over 30% was owned by the Reid family). Look for companies that are taking concrete steps towards building a mine. And ignore the ones that keep issuing paper, particularly when markets are weak. (Ill have a new gold report out soon, where Ill be identifying some of the most promising candidates.)

The other message is for the mining companies themselves. We are in the mother of all bull markets. It wont last forever. If there is any potential for near-term production, start producing. Forget all the other stuff. And, for goodness sake, ignore the bloke with the white teeth."

Up 27% on no news or is there?

Post from the other side cheers (chiefo)

Bit of an update from another poster (has been in contact with our PR office). Looks like interim figures will now be released by the end of this month. And in the Chairman's report we can expect to find an informative operational update.

This next part is dependant on getting information back from the lab, we might get to find out finally what the soil sampling results are. But this is a maybe, it depends on whether ORE get it or not in time to include in the report. They want to get this information out ASAP - as investors have been chasing for figures no doubt, and apparently we might be in for regular news flow in the future.

So good news that the soil sampling is complete (well done RD for calling that right).. I wasn't so confident. Let's hope the results are worth the hard work, (and that progress is being made).

A nice steady rise and a good finish to the week.