Oriole Resources Share Discussion Threads

[ssrmb] 18/8/2021 13:52

Tim is always reserved and not one to blow smoke, he looked like the cat that got the cream in the interview today. I hope we don’t get taken out but you are right Skip it’s a possibility, saying that Tim and the team did alright with the Reservoir Minerals sale.

[the skipper] 18/8/2021 13:40

If it doesn't there must be a very high risk of the company being gobbled up by a much bigger fish at some point, with it sitting on all that gold and a market cap of only 7.8m. That is peanuts just based on what they have in Senegal, never mind what they are onto in Cameroon and the value of the legacy assets.

[ssrmb] 18/8/2021 13:25

Tim describes the results from Fare far South as ‘spectacular’. Market will catch up at some point.

[tightfist] 18/8/2021 10:33

And the cleaner they make it by disposing of the Legacy assets, the higher risk it becomes? When would IAMGold be free to try and hoover-up?

[the skipper] 18/8/2021 08:58

The warrants are immaterial unless the share price gets back to around the March highs. Tim Livesey’s biggest worry now will be the prospect of a major making a bid for the company whilst the market cap remains at such a paltry level.

[geotrav] 18/8/2021 08:54

grimreaper2019 - Every single AIM listed junior has to raise cash to carry out their exploration work. ORR are no different in that respect.

Where they differ is that they have been particularly successful in reducing overheads, have carried out the first-ever R&D tax refund claims for AIM listed groups from HMRC (over £300k returned so far), have identified, pursued and been successful in finding and exploring a brand new frontier jurisdiction (Cameroon) and all this with a solid value base coming from a strong JV with a major partner in Senegal (with more successful results being posted today) and a whole portfolio of appreciating Royalty and other assets in East Africa and Turkey.

Whether Tim would have done any different on the JV with Iamgold is a moot point.

As a management team they have turned around the company, moving away from the horrors and huge losses of the 2017 requisition.

All I see is success and a team who deliver on their promises...

[luckyabbeygale] 18/8/2021 08:44

Look at the recent buys in over 1m a time. Then you have yesterday's 3 500k buys before the close and the 3m buy earlier that day. Then the day before a 7m buy at 0.54p. These buyers know far more than the grim reaper does.

[grimreaper2019] 18/8/2021 08:41

The main beneficiaries of any resource or discovery in Senegal will be Iamgold as they could own 70% for a measly $8m in cost of exploration, a great deal for them but not for Oriole equity holders.

Livesey has already indirectly criticised the old BOD for the terms of the JV, he would have dearly loved to have been part of the process but he was too late.

Oriole is a early stage explorer burning cash which they will struggle to raise without penal dilution to existing equity holders, the market knows this, they have also failed to deliver a meaningful asset sale which was their stated aim 18 months ago.

It is not bashing or de-ramping to point out facts, it is a fact there is a 200m headwind in the form of 0.68p warrants, it is a fact that Oriole will need more cash shortly and that will come by share issues.

The historic performance of this stock is diabolical.

[luckyabbeygale] 18/8/2021 08:21

For the time being COPL and VELA seem to give some action for me while I await this ORR to clear out the deadwood before the proper rises begin.

[the skipper] 18/8/2021 08:14

Can’t fault that. Fare is clearly a massive discovery and at such shallow depth too, with Medina Bafe still to come. The shorting fraternity will no doubt raise the issue of future funding for the programme in Cameroon again, but with these results in the bag it will no doubt take place at a much higher share price than where this now sits imho, and that’s assuming that they decide to go it alone, whereas a farm out and cash incoming from legacy assets might mean that a raise is not required.

[shortarm] 18/8/2021 08:06

Finally a drill hole that isn't just mud or dust!Now all they need to do is somehow monetise it?

[geotrav] 18/8/2021 07:55

30m in one hole - that’s pretty neat!

[luckyabbeygale] 18/8/2021 07:47

Once again I get to be as vicious as want to be with the negative posters. Thanks to them being wrong again.

[tightfist] 18/8/2021 07:40

Starting at 69m, 18m at 6.46g/t will do nicely, thank you.

[ssrmb] 18/8/2021 07:16

RNS Out with RC results.

[luckyabbeygale] 17/8/2021 11:02

Stella diamonds here all over again. Every time I post I get marked down. Same happened to my posts there and they rose over 200 percent after the takeover.

[luckyabbeygale] 17/8/2021 11:00

3m buy at 0.53p and a 7m buy reported after close yesterday at 0.54p. Derampers here are the biggest scum on ADVFN.

[juju44] 17/8/2021 10:47

over 5 million sells , less than 1 million buys

[luckyabbeygale] 17/8/2021 10:39

Thank you for helping the huge buyer to find stock.

[juju44] 17/8/2021 10:37

Always was trash

[2603] 17/8/2021 10:20

No wonder everyone is getting out. This has to be the worst stock to hold. What’s the bother putting it up 10% 1 day on good news then down the same amount and more the next day. Every bit of news whether it’s good or bad sends the share price down.

[luckyabbeygale] 17/8/2021 09:45

Yes ORR has everything going for it, and another large buy at 0.53p says their stake building going on behind the scenes. Happy to see the market markers just doing their job to scare out the weak in order to fill these large orders.

[geotrav] 17/8/2021 09:41

The thing to look out for is to find a junior which has success in exploration and a keen focus on spending the £££ in the right place (in the ground, not on G&A and high salaries).

[geotrav] 17/8/2021 09:11

What other business model does a junior explorer have?

[luckyabbeygale] 17/8/2021 09:04

Tell that to the guy who bought 7m after close yesterday.