Oriole Resources Share Discussion Threads

[the skipper] 26/3/2021 13:19

I see the company's been busy on Twitter this week:

Building good relationships with the host country and support of UK Government is key here and all still to play for with multiple drilling results still to come.

[abeygale] 26/3/2021 08:08

Boom time in both ORR and KOD today. I'm glad you will be enjoying the rise in both. As both are my main holdings.

[zxie] 25/3/2021 20:08

It is highly recommended (KOD)

[zxie] 25/3/2021 19:19

Big day Kod tomorrow. GBP3.5 million to Advance Development and Exploration Activities at Priority Gold Assets and Flagship Bougouni Lithium Project,

[the stigologist] 24/3/2021 13:31

I don't think we'll 'tick up fairly quickly' yet because Investor (or at least trader) confidence knocked by IAMGOLD shenanigans (now resolved)

Also we are in a technical holding pattern between 50 and 200day Moving Averages

What is positive is ORR timing this Q&A session for around time we get 1st drill results to explain their importance etc. All good shareholder/investor friendly stuff

Investor Event - Final Results Q&A

Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focused on West Africa, invites investors to join the Company's virtual investor event, "Final Results 2020 - Building the Foundations for Growth". The event is being held on the back of its recently reported annual accounts for the year ended 31 December 2020, which will be discussed by the Company's management team as part of a live presentation and Q&A session.

The virtual investor event will take place at 2pm GMT / 10am EST on Monday 29 March 2021 and can be accessed by registering at the below link:

[the skipper] 24/3/2021 12:07

The key take away from this morning's RNS is the outlook section in the Chariman's report imo:

"Outlook

The Company's strategy is to develop a portfolio of exploration projects for gold and base metals and to identify potential partners to take them into the advanced exploration and mine development stages. Our Senala licence in Senegal and our Bibemi, Wapouzé and Central Licence package in Cameroon, provide us with exposure to various stages of the exploration cycle, and we also have a number of valuable legacy positions that can help us to generate cash for our exploration activities.

In 2021, we expect news across five drill programmes, as well as the generation of targets across our 3,592 km(2) Central Cameroon licence package. With cash in the bank, and further cash potentially coming in from warrant exercises and the legacy asset realisation programme, the near-term exploration programme is fully-funded. We continue to look for further opportunities that we believe would add shareholder value."

Expect to see this tick up fairly quickly to new highs as the news from the drilling programme emerges.

[geotrav] 24/3/2021 09:04

This mornings interview.

hxxps://youtu.be/CSWTftw8YM0

Fully funded. More cash available through ongoing warrant exercise if required.

[abeygale] 24/3/2021 08:26

Thanks Stig. I am extremely impressed with this mornings results and I just had another nibble here. The buying price seems to be increasing which also bodes well.

[dogsoggy36] 24/3/2021 07:58

That's a great summary Stigologist.

[the stigologist] 24/3/2021 07:53

Mkt Cap £14m
Net Assets £11m + £0.7m cash received after year end

Almost unheard of for a Junior to be this undervalued relative to NAV or Book Value

"With a significant fund raise completed in October 2020, along with funds from asset realisations and Research and Development tax credits of £165k, the Group closed the year with £1.75 million of cash. As a result of a rising share price, a further £678k of cash has been received from warrant exercises in early 2021. The Group's plans for the current exploration season in Cameroon are fully-funded, and with potentially another £1.47 million to come from warrant exercises, the Company's financial position is looking strong to support significant work planned throughout 2021."

[rayj1] 23/3/2021 18:24

Oooh oooh do you want a blue Peter Badge ?

[abeygale] 23/3/2021 15:15

I managed to increase my position on that drop lucky me.

[the stigologist] 23/3/2021 08:48

Mining analyst Charlie Stephenson on the Telegram group has given some great insights into Mondays drilling report RNS including a relevant analogue in Australia ($700m+ Mkt Cap one at that)

[the skipper] 23/3/2021 08:35

You can't fault this company for keeping its investors informed, and as I said yesterday, positive momentum was already starting to build so the overhang will be gone in no time.Just keep adding all the way up is the way to go imo.

[abeygale] 23/3/2021 08:07

Once this overhang has cleared the shares will be over taking their year high.

[the stigologist] 23/3/2021 07:28

Great double whammy RNS

IAMGOLD resolving to spend more and accelerate drilling

[the skipper] 22/3/2021 22:52

I think the selling by warrant holders is virtually exhausted now Stig, and the next wave up has already started. History has shown that once this starts moving in a particular direction volume and momentum both increase sharply, so the way to go is small daily top ups imo as upward momentum starts to gather, followed by a decent push to the north as the news unfolds.

[the stigologist] 22/3/2021 21:39

Chart looks like it is turning nicely... a few more days consolidation in this range and then breakout on either

1. IAMGOLD 'resolution'
2/ Drill hole 1 results by end March

[the skipper] 22/3/2021 08:57

What's not to like about flatter lying veins and a wider zone of mineralisation that is only 12 metres downhole? That has low cost open pit mining written all over it and I am surprised the stock isn't absolutely flying on that news with plenty more to come.

My top up just now shows as a sell but I am currently reviewing other positions with a view to adding more later if it remains around these levels.

[drago] 22/3/2021 08:22

results from some of the cores should be out before end of month.

sounds like an rns to let us know the,re not all sitting in an office somewhere playing cards but getting through a drilling campaine at bibembi.
which is what we want to hear.
imho

[robertjbeck] 22/3/2021 08:13

Initial observations of mineralisation from the drilling so far seems very positive. Looking forward to the analysis results on these first 3 holes.

[oakville] 22/3/2021 07:09

RNS Discuss?