Oriole Resources Share Discussion Threads

[grimreaper2019] 14/6/2021 07:09

News will not move the share price when there is a head wind of 200m warrants convertible at .68p and .50p, plain and simple.

Anyone buying above those prices simply line the pockets of warrant holders, what's more the market makers know this.

[luckyabbeygale] 14/6/2021 06:44

I sure am glad now I been selling off my dogs recently to keep buying more ORR. Just look at the recent director purchase of 623,506 shares at 0.8p, and today's fantastic results that confirm that there is more gold here than any other aim company in my opinion.

[the skipper] 10/6/2021 11:04

The warrant holders are exercising because they know that the company is entering a news rich period which could cause the share price to multibag if the drill bits in Cameroon and Senegal deliver the goods. Volumes will go through the roof if that happens and any sales will be easily absorbed imho.

[dogwalker] 10/6/2021 10:05

Oh dear, yes. Thanks for the reminder though.

[luckyabbeygale] 10/6/2021 07:12

Around 13m warrants has been sold since end of April, and the conversion price has risen. Do not listen to the Grimreaper.
As the last time we rose to 1.1p to sell after he commented about the last lot of warrants back in April.
This is what the filter button is for.

Do not forget that the Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

[grimreaper2019] 10/6/2021 07:06

More warrant conversions, this time at .50p, anyone buying in here is simply lining the pockets of the (forward selling) warrant holders.

Still 200m warrants to go, an amazing number for a small outfit such as Oriole.

Share price goes no-where until they are gone, just in time for the next funding and even more warrants.

[the skipper] 09/6/2021 20:51

Demand picking up here again now as the countdown to assay results begins. I’m adding again as funds permit.

[luckyabbeygale] 04/6/2021 13:15

I can buy at 0.8125p. Anything over this has been a buy today.

[ibrahim69] 01/6/2021 13:12

https://twitter.com/orioleresources/status/1399714364094046209?s=21

[geotrav] 28/5/2021 16:31

Iamgold are obliged to share data with Orr, and then they will publish - just like before. It’s just a delay, not a complete blockade.

Plenty of news out of Cameroon whilst we’re waiting no doubt - assays from the drilling at Bibemi and whatever they’re doing on the massive licence package in the centre.

[stu31] 28/5/2021 16:06

very little news in the pipeline? Other than all the drilling results from Cameroon due by the end of June from which 3 cores had visible gold

[drago] 28/5/2021 07:07

they are hamstrung as it is in Iamgolds interest to not promote it.


quite agree with that gr.
why would they... theyd have to pay more .

[grimreaper2019] 28/5/2021 05:38

Skipper

Impression was that the CEO wanted shot of the warrants, he himself used the word overhang and praised the CFO for building in the accelerator clause.

For so many warrants to clear it needs a significant volume kick, probably in the nature of 600m+ shares traded. Cannot see this happening anytime soon as there appears to be very little material news in the pipeline according to the news-flow chart in the presentation.

The JV in Senegal with Iamgold, delivered by the old BOD albeit at a difficult time in the sector cycle, has actually hamstrung Oriole.

If they still owned 90% the licence could have been sold for a material sum given the corporate activity close by over recent years, instead they are hamstrung as it is in Iamgolds interest to not promote it.


Punters seem to have moved to pastures new as a result.

[the skipper] 27/5/2021 18:17

From memory TL said warrants ‘could’ be triggered if the share price stayed above 1.02 not ‘would’, and that would only be one of the options to fund the next drilling campaign, current one being fully funded, so nothing to worry about here in the short to medium term, hence a very chunky buy just before today’s close.

[grimreaper2019] 27/5/2021 07:00

Interesting that in the recent interview the CEO commented about the warrants, he talked about the accelerator clause, it would be triggered in the share price stays above 1.02p for 10 days.

Still over 200m warrants at 0.68p will continually overhang the stock make no mistake, as posted prior anyone buying the shares above .75p are simply putting money in the warrant holders pockets.

A catch 22 position.

[stu31] 25/5/2021 16:43

very interesting new presentation. Apparently they will have £1.75m in cash at the end of December 21. Never seen fortune tellers on a company board before ;-)

[tivoliworldgaming] 25/5/2021 12:56

Massive buy back happening now. As people scramble to buy back the shares they have sold on stig's advice before they all end up in stig's pocket.

[tivoliworldgaming] 25/5/2021 12:12

Lucky I bought all I sold back at 0.85p.

[tivoliworldgaming] 24/5/2021 15:42

Some guys Stig was angry about and had reported for inside info that they say is just no news for a while. While that really does not make a difference now gold is going up all the time.

[ibrahim69] 24/5/2021 15:39

Who are Kevin and Phil

[tivoliworldgaming] 24/5/2021 14:52

Looks like Kevin and Phil have bought back in with a 2.4m buy. Expect ORR to be tipped again on Twitter soon.