Oriole Resources Share Discussion Threads

[willo] 16/8/2023 17:18

I would be careful. If you read the press release, first payment will be approx 6 weeks from the date of admission. And it is based on the 20 day vwap, or 4 weeks trading prior to the payment date. So logically, they will start to be selling in the market from next week.

[ic0gcds00] 11/8/2023 17:30

The board are totally ineptThey should have raised ages ago when it peakedAbsolute disgrace to shareholders who invest

[twodegrees] 10/8/2023 12:17

The trade at 12.11, is definitely a buy, I am starting to average down.

[observer007] 09/8/2023 06:39

The problem with all these types of deal is each one is slightly different from the last.

It is hard to tell whether the bottom is in here or not but it is also hard to fathom why the BOD having said they would quell dilution in April then issue 1b shares in an instant to raise a unknown sum.

Have the BOD been duped or do they have news that will move the price up aggressively, I noticed one or two folks are starting to buy around current levels so maybe a base is in.

The market works in mysterious ways.

[ic0gcds00] 08/8/2023 14:45

At least we have some hope1/1000000Yeahhhh

[sclper] 08/8/2023 10:15

IMM were running a phase 3 trial back then and there was very strong buying pressure for shares also investors were less aware about the destructive nature of these deals but are wise to them now.Since then IMM has done several more deals with Lanstead but it has resulted in a much lower share price. Investors

[langland] 08/8/2023 10:09

IMM in 2017!!

[ic0gcds00] 08/8/2023 10:05

Does anybody know of any successful Lanstead deals regarding this type of desl

[sclper] 08/8/2023 09:54

They tried to do a 0.12p but it didn't go ahead, presumably as they could raise enough funds to make it worthwhile. They then announced the Lanstead deal which I see as a last resort. Many investors won't hold shares in companies that use these funding facilities as they have learnt from experience that they tend to destroy the share price. Lanstead are going to be selling shares into the open market over the next 2 years so you need consistently strong buying pressure to counteract this otherwise the share price will continue to decline. This hasn't been the case with ORR for a long time so unless the company can generate lots of spectacular news then it will be an uphill struggle

[geotrav] 08/8/2023 09:05

Why did they do this deal rather than a placing?
How will the news coming up impact the share price?
How long will the price stay low (this is a 2 year agreement with pricing points every month along the way)?
A lot of heat in the bulliten boards, but no rational support for a sell off whilst there is still a lot of information gaps.
Did the video presentation not answer some of these questions?
Has anyone contacted the management?

[dogwalker] 08/8/2023 08:31

You never know : maybe there'll be a statement with positive news that transforms the company . Then the mechanics of this financing deal would swing in the opposite direction.
Triple bottom on the chart, from last December. That could be interesting too.

[twodegrees] 08/8/2023 08:23

The company need to put out a statement about the car crash they have created. At the end of month one they need to explain how they decided that not going to the open market was seen as a poor choice, when in fact they might not have enough cash each month to meet the needs to function properly. Up until June, I was a supporter and kept buying on the strength of how well the company was doing and the signals for the future. What an idiot I was.

[observer007] 08/8/2023 07:17

So if I read this correctly the first month VWAP will be established from 7th August over 20 days to the 28th, around .11p if the share price stays at current levels.

So ORR will receive under 50% of the the suggested £73k a month in month one, hardly a good start when the monthly burn is circa £45k.

If this was replicated across the full 24 months it means they would have issued 933m shares to receive circa £600k equal to a placing well under 0.07p.

Where is the incentive for new buyers therefore?

[thecoyone] 07/8/2023 23:38

Why should management worry, remember there are 5 of them, taking a cool £500k a year in salary and perks.

This will go below .10p shortly, how the hell can this illiquid microcap absorb Lanstead selling 30+ million shares a month for the next 24 months which they WILL DO.

BOD are clueless.

[twodegrees] 07/8/2023 16:02

What a disaster. Management would have been better raising through a normal placing even if the price was to fall. This way of working has now caused carnage. Any good news going forward is not going to move this because of doubts about how the board have handled this current placing . We have been well and truly fleeced.

[geotrav] 07/8/2023 14:03

What news are you expecting?

[willo] 07/8/2023 12:51

Admission was supposed to be today, but no news as yet...

[1bond] 04/8/2023 09:11

This is not death spiral in the classic sense. Lanstead are not selling shares each month in order for the company to receive funds. I agree with nico115, that there is no chance of the company receiving 1.7m, as the shares need to trade at the benchmark price 0.25 or above every month for that to happen. If they did the Lanstead deal at the current price, there would have been a reasonable chance of receiving the full proceeds over 24 months. The premium is misleading and ridiculous. Lets hope they don't need the full £1.7m to survive

[willo] 03/8/2023 22:55

Maybe the BOD didn't have a choice?

What I do agree with you on is in relation to the presentation of this. Trying to spin it as a placing at a premium is just appalling!

[nico115] 03/8/2023 17:35

You can spin it any way you wish Buy the BOD have f####d it big time Eileen obv doesn't understand a death spiral She will when these half again and they get 300k and not 1.7m pds!!Wow I'm in disbelief and to write 0.25 is a base case and 0.19p the placing premium price How can the Fca allow this ? It's basically lying ..in my opinion putting that rns out should be a jailable offence as it's trying to mislead investors I won't buy one more share here as this BOD have NO IDEA the financial repercussions of this death death spiral

[browngirl] 03/8/2023 13:49

oh dear ! Tim is a baffoon

[roberth176] 03/8/2023 12:54

Placing coming

[terminator101] 03/8/2023 09:16

"Great explanations". Hilarious. He hasn't got a scooby doo how this arrangement works. And the fact that he can only find two previous examples means he's not that well researched. Go look at VRS or RRR for starters. Lanstead take zero capital risk. They were given millions of shares and will sell them every month and give the proceeds to the company after extracting their fees. It's like constant placings for the next two years and they literally just sell them into the market. If there's no liquidity which is likely because Orr is a pile of excrement then the share price tanks and they have to sell even more shares to generate the same revenue next time.

[geotrav] 02/8/2023 18:29

Some really good explanations on LSE fro ‘Slowly Slowly’. Worth a read for those who think they know what’s going on, but are simply repeating unresearched commentary.