Oriole Resources Share Discussion Threads

[dogsoggy36] 13/4/2023 14:30

Gold at a 5 year high.ORR fully funded for another couple of field seasons on top of the news we could have a JV coming on board soon.Great price opportunities here.

[mrmcnee] 11/4/2023 09:00

The policy change is interesting although the money has yet to be secured, I expect the RNS was released due to fevered speculation on the BB's - it appears there is no JV however.

Oriole reached a £25m market valuation in early 2021 with 1.5b shares in issue, they have issued a further 1.2b shares since to make 2.7b, as a result of this equity dilution, at low issue prices, there is a mountain to climb to get the share price back into the 1p region therefore.

[one2go] 11/4/2023 08:10

Major change in financing dynamics from the company :-)

Material re-rate on :-)

[broken_arrow1] 11/4/2023 08:07

Very hard to buy in the market currently, premium being asked for modest size, think the RNS has caught the market offside.

[one2go] 11/4/2023 07:55

Just the start of the good news :-)

[observer007] 11/4/2023 07:52

Project level funding has delivered a pre exploration valuation on the Cameroon Central Licence Package of $10m (£8m) that is double the current market valuation.

Then add the two other licences in Cameroon where a JORC gold resource has been declared.

Then add the Senegal licences (ORR own 50%) where the nearest peer is valued at £25m.

Then add the legacy assets which could bring in another £1.5m

Clearly ORR is materially undervalued PLUS equity dilution is over, let the re-rate begin.

ORR current m/cap £3.4m ???

[tightfist] 11/4/2023 07:39

Interesting development, the onset of Cameroon CLP Value realisation?: "... Oriole confirms that it is transferring its interest in the Project into a sub-holding company ('NewCo'), in order to enable project-level investment. ........... The Company has signed a letter of engagement with a Canadian investment banking firm to secure US$1 million of project-level exploration financing in return for a 10% non-carried interest in NewCo.......".DYOR, tightfist

[one2go] 10/4/2023 21:02

This is going to be a BIG winner :-)

[adi27] 10/4/2023 12:33

Thanks for that. Interesting, hopefully things happening.

[m1sterx] 10/4/2023 11:14

Someone acquired a 1% stake late Wednesday, a trade of 29,543,750 at .1135p, no doubt worked, the bid rose to .13p early the next day.

Add to the mix increasing volumes..

Follow the money folks !

#knowthegame

[observer007] 06/4/2023 11:40

This was taken from the recent AR, again evidence they are preparing something behind the scenes :-


As a personal investor at 0.34p, 0.30p, 0.18p and 0.12p, I recognise the pain and can understand the frustration of many of our investors especially those who regularly contribute to the share chat platforms.

Work will continue to attract investors into our Company, which offers such a tantalising entry into a new gold frontier and relationships will continue to be built upon with our partners both old and new.

Eileen Carr (Non Exec Chair)

[aussiebeach] 06/4/2023 08:50

This could be the next VAST or PREM by way of % rise, they both moved from current levels of ORR to 1p+

I have no doubt something is going on in the background.

[khankhan3] 06/4/2023 08:30

Placing coming.

[broken_arrow1] 06/4/2023 08:28

IG asking .16p for £10k worth currently.

Something is brewing!

[broken_arrow1] 06/4/2023 08:17

Still tough to buy in size this morning, only £3k of shares available at offer price .13p then it moves up.

IG want .154p for £10k's worth !

[tightfist] 06/4/2023 07:23

For those with a memory - Proactive, 25 February 2020: "Oriole Resources PLC (LON:ORR), the AIM-quoted exploration company focused on West Africa, reports that it has disposed of its 12.27% holding in Tembo Gold Corp. following the sale of 19,975,000 ordinary shares for net proceeds of £172,000".Whoops! tightfist

[observer007] 05/4/2023 22:24

This was posted on the other site tonight, no wonder Oriole shares are rising if they can do a deal like this, ORR management are seeking a JV partner.







HawaiifiveO

Posts: 3,048

Price: 0.125

No Opinion

Peer company deal with Barrack

Today 20:44


A reminder of details on the Tembo (then a $3m m/cap company) and Barrack deal, Barrack bought 6 unexplored licences from Tembo Gold in Tanzania for a potential value of $60m



The interesting aspect was that NO gold had been discovered on these licences.

Tembo received $6m in cash
Barrack to spend $9m on exploration
Tembo to receive a maximum of $45m in staged payments if gold was discovered above 1m ounces in any category of resource.

Tembo shares 7 bagged on this news - this is the kind of deal I expect ORR to deliver in Cameroon except ORR has 9 licences in the Central Licence Package and are applying for another.

Given this peer deal (which was completed in late 2021 when markets were poor) one simply cannot understand how Oriole can only be valued at £3m.

If this deal was replicated where would ORR shares trade, I would expect 1p to be attained comfortably giving a market value of circa £27m but given the volatility on AIM (where everything over/under shoots 2p a share is entirely possible.

This is why I have been building a position !!

[m1sterx] 05/4/2023 15:59

There is a weight of money poised to enter this sector, it has been sitting on the sidelines awaiting confirmation of an about turn in sentiment.

All boats usually rise together, these minnows look attractive propositions, many down 90% from 2021.

[aussiebeach] 05/4/2023 15:39

Nothing available online, as expected, the stock is mispriced plain and simple, this is not the only one in the sector either, these juniors could make investors a great deal of money in due course.

Folks were buying this above 1.8p a share back in 2021, the market cap was £30m, it is now £3.2m, the bears have had their time.

On the ground progress has improved significantly since.

[ridingthewaves1] 05/4/2023 14:37

Looks like the pumpers are trying on here

[broken_arrow1] 05/4/2023 14:29

Premium being asked for £4k+

[thecoyone] 05/4/2023 13:44

I have taken 2m today, said I would never come back here but the price is a gift and I expect strong recovery upside, in the Stratex days that would have cost £80k, now £2,200 !

To think this was .25p only a few months back and .40p this time last year.

Come on Livesey, do that JV to earn your crust.

[broken_arrow1] 05/4/2023 13:38

IG are asking 0.129 for just 500000 shares - that suggests there are larger background buyers.

This could get interesting.