Oriole Resources Share Discussion Threads

[tightfist] 23/8/2021 12:36

New video just released on 6ix.com

[kcaco] 23/8/2021 10:35

Aye aye skipper

[the skipper] 23/8/2021 10:17

And hence a second wave of buying now…

[the skipper] 23/8/2021 09:23

If ORR were as short of cash as some would have you believe would they have forked out for a consultant to undertake that resource estimate? I think the answer is that in addition to the cash at bank and from warrant exercises which I identified last week Tim is confident that cash will be incoming from the Turkish legacy assets, so those hoping to close their shorts via a placing might be wise to exit now juju.

[astubbs67602] 23/8/2021 09:20

That will come tomorrow, same as the last sets of good news when it's been up 15% . It must turn soon as there are more +ive aspects to this company.

[juju44] 23/8/2021 08:33

Anyone for a red finish ??

[tightfist] 23/8/2021 08:30

Maybe we can now appreciate why Tim was all-smiles last week! INDEPENDENTLY - To what extent can this development beneficially impact on the negotiating position with IAMGOLD? tightfist

[the skipper] 23/8/2021 08:16

Nice one Tim. I did suggest that they might move independently of IAMG towards resource definition last week and this is a great kick in the nuts for the shorters who have been attacking the company. Why not finish them off with some news from the legacy assets?

[ssrmb] 23/8/2021 07:57

Any other AIM boards working harder to deliver shareholder value. Experience has shown me that having the right board is the most important thing in AIM investing.

[ssrmb] 23/8/2021 07:21

Not massive but puts a marker down, recent intercepts at Fare Far South not included which were the most significant to date so wonder what they would add, to the resource X? Anyone have thoughts of all in extraction and processing for a low cost open pit mine, can then do simple calculations to value this first step based upon current POG. I am sure it will grow significantly from here but the company wanted to put a marker down as soon as possible as a JORC resource seems to be the only thing the market will value.

[luckyabbeygale] 23/8/2021 07:18

Huge day for me again with COPL, MTL, ORR and VAST news today. Just like last Friday with my luck on EOG, VAST, VELA and VAL. Just proves who is right on here. Sorry for being big headed. It is just another attack on the grim reaper from me.

[luckyabbeygale] 23/8/2021 07:07

Another update that will help mute the grim reaper from his unwanted opinion.

[the skipper] 20/8/2021 14:11

There you go again grim reaper, trying to spread your poison when the reality is that most posters on lse are quite sanguine about the situation. The large buy trades that we are seeing here on daily basis, sometimes after the market has closed, suggest that some know more than you.

[luckyabbeygale] 20/8/2021 14:09

To late for grim reaper. My oriole longs are now safe from how some of my other longs are performing today.

[grimreaper2019] 20/8/2021 13:16

Some posters on LSE who admit to holding Oriole equity are starting to support Mr Grim's thesis as to why the market is not on-side despite a plethora of news recently.

More dilution is nailed on, it is a question of what price, current equity raises discount between 15%-20%.


Minesinthemine posted on LSE ----->

The company are very good at showing the legacy state of finances/cash position and warrants that have come in. However we have had zero information on how much money has been spent in 2021.


Hence my opinion right or wrong is that we need funds for 2022, everybody knows that and without some astounding results and competing JV interest it will be future investors that see the ‘potentially significant’ benefits from the previous and current work unfortunately not me or other current share holders.

[the skipper] 20/8/2021 10:53

Greed is the shorters’ biggest enemy. It drives them to keep selling a company down to a level where it becomes highly vulnerable to a bid, which must now clearly be the case with ORR at this level, given the amount of gold that they are now sitting on. Those who do not recognise this fact run the risk of being wiped out should such a bid come in.

[luckyabbeygale] 20/8/2021 10:32

Bring it on. That's what over 80 percent said about Stella Diamomds that I was in, and it ended up taken over for over 3 times the share price. Every post I did back then just like now was marked down nearly straight away. Carry on marking down and posting negative and I am sure we will bring on another Stella Diamomds out of oriole.

[juju44] 20/8/2021 10:28

Toilet material only

[luckyabbeygale] 20/8/2021 10:28

Doing well today with Vast and Valirix. I sure that ORR will follow by the look of the many many buys this week of over 3m a time. I am sure these big buyers do not just throw their money away for the sake of it.

[luckyabbeygale] 20/8/2021 10:05

Need to shake as many out as possible to help fill these buys of over 3m a time that have come every day so far this week. The largest one was for 7m.

[the skipper] 19/8/2021 16:51

Looking at today's trades I note that buys outnumbered sells by a factor of 5.6:1 yet the mms did not see fit to increase their bid. Should the buying continue tomorrow I think they will have to budge.

[the skipper] 19/8/2021 16:47

I just found my notes where I totted up what has been received from the exercise of warrants and options.The figure comes to £760,782 and they have also received a £48k R&D rebate (all since 21st January). Add cash at bank of £1.75m at 31/12/20 and you get a total of £2.558m. Annual running costs in 2020 were £650k so I would assume that they would still have a healthy balance even after accounting for the cost of this season's drilling and trenching campaign.

Looking at slide 16 in this presentation:
you will see that c $1m in sucess based payments is anticipated from the Turkish assets together with $1.4m which is being pursued through the Turkish courts. I therefore suspect that the company will be hoping to fund its next drilling campaign through these sources rather than looking to raise cash at this stage.

[geotrav] 19/8/2021 09:53

good point ssrmb. everyone is entitled to their view.