Oriole Resources Share Discussion Threads

[the skipper] 25/6/2021 10:55

Yep news seems well overdue and I suspect that there are a lot of small short positions here which will need to close, thus adding momentum to any rise.

Bring it on Tim and Co.

[space_dust] 25/6/2021 10:05

News next week seems nailed on.

[broken_arrow1] 25/6/2021 10:03

Level 2 is turning up, looks like there are background buyers, for those wanting in at current levels the window seems to be closing fast.

[broken_arrow1] 25/6/2021 09:46

The technical indicators are turning positive, a ride back to 1p-1.2p looks possible, the RSI has turned up from the 9 month low of 27, now sits at 32, still in very oversold territory.

Historically the share price moves quickly from such oversold positions.

[space_dust] 25/6/2021 08:18

Buyers returning ahead of news, this moves fast, very very oversold.

[bspgamer] 25/6/2021 08:11

Be carful here

[the_sage1] 25/6/2021 07:38

Have traded this share very successfully in the past, have accumulated a decent slug of stock at current levels, with no immediate funding worries and news-flow imminent from both their main projects it seems a no brainer.

[observer007] 25/6/2021 06:55

I managed to grab 250,000 yesterday, the current price is a gift from heaven IMO.

Lots of news due.

[space_dust] 24/6/2021 16:12

Buy low and sell higher up is the clue. This is dirt cheap now, trading at a 6 month low. It will bounce hard soon enough.

[broken_arrow1] 24/6/2021 15:18

Zak Mir charts ORR today (just released) says deeply oversold.

[2603] 24/6/2021 15:14

So this company is now worth nothing by the way the share price is going. It’s just mind blowing Not one up day for weeks.

[johncasey] 24/6/2021 13:47

massive rns justout at alba resources...commercial gold!

[luckyabbeygale] 24/6/2021 13:43

At last we can now see the buys. As before the drop a lot of buys was being marked as sells.

[broken_arrow1] 23/6/2021 08:07

Nothing available online this morning, looks like a bounce is coming, the technical indicators show the stock is materially oversold.

[dogsoggy36] 22/6/2021 15:49

Think its because its at a stupid cheap price and thats why some are buying.Drill results are going to fall in anytime so why not take a punt for a quick return.

[broken_arrow1] 22/6/2021 15:20

Something has moved this behind the scenes, now only 250,000 left at offer then it moves up.

There were 3.5m available earlier in the day.

[observer007] 22/6/2021 15:08

There are some very bombed out shares in the junior resource space right now, the sector is due a rally and if so ORR will benefit, as a popular retail stock it may benefit in % terms more than others.

Appears to be very good support around the current price also, when it moves it usually moves fast.

[mrmcnee] 22/6/2021 14:59

Bought 1m shares earlier, would have cost nearly £20,000 in February, now only £6,000, a gift.

The gyrations on AIM are amazing, my understanding is more news-flow will soon be hitting the market at Oriole.

[space_dust] 22/6/2021 12:30

Took some, loads of juniors are oversold, a bounce is overdue in the sector and the gold price.

ORR shares at 6 month low = CHEAP

[broken_arrow1] 22/6/2021 12:09

Looks like it is about to move back up, only 750,000 shares left at .59p, there were 3.5m earlier.

AIM is all about timing, get it right you make money.

[observer007] 22/6/2021 11:26

Very surprised to see this drop so low, can only assume some are worried about the normal AGM resolution concerning the ability to issue more shares.

The last placing was back in October priced at 0.34p so investors have to decide when the next one will be, the discount on that placing was 15%.

The 0.68p warrants are now out of the money, so that cash stream will cease.

[luckyabbeygale] 22/6/2021 11:25

At least it has helped bargain hunters get in on the cheap.

[greekhovel] 22/6/2021 08:12

Can the BOD be bothered to deliver material shareholder value when they issue themselves 39,884,912 Options - with no performance conditions - at a excise price of a miserable 0.10p a share.

The 'salary' missed was only 3 months (aggregating circa £85k) yet they award themselves stock which, even now, is worth £240,000

The Options have an exercise price of 0.1 pence. The Options, being an award in lieu of salary, are not subject to performance conditions and will expire after ten years

Noses in the trough comes to mind, all revealed in the Annual Report now published on the website.

Poor form.

[broken_arrow1] 21/6/2021 17:49

Janestone

One wonders why they did not use the warrant accelerator as they could have had a potential £1.8m more in cash + no warrant overhang now.

According to IG the VWAP was above the 1.02p accelerator price for 40 trading days so there was plenty of time for management to enforce the clause.

It looks a poor piece of work from the board and now shareholders may be subjected to a placing post AGM well below .68p.

My understanding from the AGM resolution is they are seeking authority to be able to issue a further 2.35b shares, this does not mean they will but they could at some point.

[janestone] 21/6/2021 16:27

It's a dirty market. But the management didn't help by not exercising the warrant excelorator and now they're asking for the right to place 60% dilution to the shares. Bad deal.