Oriole Resources Share Discussion Threads

[the skipper] 05/7/2021 09:30

Anyone who sells at these levels needs their head read imo, as there will inevitably be news from Senegal and possibly in relation to the Turkish or Egyptian assets prior to any raise. Until then the company is vulnerable to a bid from IAMG or another major player who will no doubt see more value in the Cameroonian assets than the market is currently attaching to them.

This is a steal with a market cap of only £9m imo.

[luckyabbeygale] 05/7/2021 09:25

I can currently buy at 0.541p. Not all the trades are sells.

[grimreaper2019] 05/7/2021 08:24

Situation is looking grim here, if 0.55p goes the next support is 0.45p but the shares were trading in a range of 0.30p - 0.35p for a very long time historically so those numbers cannot be ruled out.

The market knows they will be coming back for more cash later this year.

[juju44] 01/7/2021 14:51

And you are a constant loser

[the stigologist] 01/7/2021 13:16

juju is thick scum to be fair

Call a spade a spade

[the skipper] 01/7/2021 13:14

'A different perspective'? Don't make me laugh. It's very clear from your postings that you don't have any perspective, just a hostile agenda designed to scare people into selling.

[juju44] 01/7/2021 11:44

How can you call someone with a different perspective on a company , scum . That says more about you as a person than me

[the skipper] 01/7/2021 09:54

You obviously know nothing about the man. His track record with Barrick and Reservoir Minerals speaks for itself and we (meaning us shareholders as opposed to shorting scum like you) are very lucky to have him at the helm.

[juju44] 01/7/2021 09:34

If Livesey was any good hr would never have come near this dog . He was all they could get. His big plan to increase shareholder value is working well in reverse

[kcaco] 01/7/2021 09:33

Well said skipper .I share your thoughts on TL

[kcaco] 01/7/2021 09:20

I said good news !!
Even if you have to make it up

[juju44] 01/7/2021 09:07

the problem at Oriole is the utterly incompetent management . This has been the case for 20 years

[kcaco] 01/7/2021 09:05

In all fairness the smart Alec grim reaper was right . Why can’t you be wrong or at least change your user name to something more friendly??? . How about magic fairy2019. I only like to read good news. Please someone give me some good news

[grimreaper2019] 01/7/2021 08:49

The 'problem' at Oriole is the BOD say the projects are 'long term' this means they need to come back and forth to the market to raise cash with no immediate shareholder value return.

They will need another £1m by beginning of Q4 to fund the next Cameroon drilling programme, the market knows this and the share price is also hamstrung by the .68p warrants.

The next placing will be probably be priced around .45p accordingly.

Mr Grim knows his onions, see what he said when the shares were trading at 1.15p in March.



grimreaper2019

5 Mar '21 - 13:26 - 2443 of 2663

As the share price slips 0.68p warrant holders will see their paper profit slip away, panic, will exercise & sell into the market.

240m warrants left and that is a very large headwind on the share price, the shares are in free fall accordingly.

If 1.05p does not hold there is no chart support until 0.65p.

[the skipper] 01/7/2021 08:31

It’s undeniably positive imo with results from deeper holes to come and shareholder value is quietely edging up with more news to come from Senegal,Egypt, and Turkey. This company is no one trick pony.

[the stigologist] 01/7/2021 07:24

more ok/average results fine for investors

not good/great for traders

[the skipper] 30/6/2021 13:30

I see grim reaper's at it again trying to spread fear. For those who might get taken in by this talk I suggest you take a look at some recent interviews.

In this one from six weeks ago: Tim explains how they are free carried in Senegal and with the Turkish and Egyptian assets. G&A costs are well down and the only expenditure is in Cameroon in respect of which £1.65m was raised last October and a lot of money has come in subsequently from warrant exercises (mainly at around 0.68p from memory). There is a lot of cash at bank and no need to raise anytime soon. He also explains how Cameroon has now reached the stage where majors and mid tier gold producers should start to get interested in taking a stake in the licences, based on his experience at Barrick Gold.

At around 50 minutes in he explains that what they have in Senegal alone is worth 1.3p based upon current shares in issue, and that a drill programme is currently kicking off in Egypt via Red Sea Resources (ex Thani Stratex)and earlier he mentions that the copper project is progressing in Turkey. They have a free carry on both these assets.and a $500k stage payment in respect of the Turkish interests is anticpated soon.

Then take a look at this interview recorded yesterday: where Tim states that the Diamond drilling in Cameroon during the current campaign might by its very nature be under estimating what they are sitting on. He goes on to outline what the next phase will look like, testing the south end of the Bakassi zone and possibly extending into Lawa West based on the knowledge they have gained during the recent campaign, probably going deeper in locations where gold has been found.

In the meantime they continue with stream sampling on the Central Cameroon licences and there will be news flowing from that programme until the end of the year.

[luckyabbeygale] 30/6/2021 11:18

Volumes this week have been at a record high which is a really good sign here.

[grimreaper2019] 30/6/2021 09:38

Can see a placing coming in Q3, they need cash to advance the next drilling campaign in Cameroon, looks like some forward selling has already started.

Would not rule out the placing price being in the 0.45p region, maybe slightly lower due to ever worsening market conditions.

Buyers beware.

[bspgamer] 30/6/2021 00:21

JUJU you find more gold from another ring where the sun don't shine!!

[the skipper] 29/6/2021 21:30

Probably right at this level but there have been people dissing this stock all the way down from 1.5p and obviously shorting it. Some saw today as an opportunity to maximise their gains, hence the bashers on both here and lse.

We do not need to concern ourselves about when some of the Senegal licences might be acquired as decent drilling results there will inevitably add value.

[shortarm] 29/6/2021 19:07

Shorting an explorer stock at this MCAP is suicidal!Senegal is the hope but how soon does it need to be acquired? I expect they can wait longer than we can?

[the skipper] 29/6/2021 18:57

Market cap is now only £10 m which is more than underpinned by what they have in Senegal alone, as Tim confirmed in his earlier interview , yet the shorters have been all over this like a rash today trying to convince everyone that Cameroon is a duffer. The reality is that ORR have made a decent start on proving up a new gold province using a broad brush approach and will home in on the better prospects in the next drilling campaign.

[the stigologist] 29/6/2021 18:32

The results are fine if you are investor but dire if you are a trader

No way are narrow intersections at 1g/t anything to write home about

Long term these results will though help them calibrate their understanding of the Cameroon geology

Stock underpinned by Senegal though so just a matter of time/more Cameroon drilling