Oriole Resources Share Discussion Threads

[shortarm] 26/8/2021 08:45

And now you can buy at .5?Makes perfect sense after all them big buys? Right???

[luckyabbeygale] 26/8/2021 08:30

Every time a deramper posts they need to address all them big buys from last week, that happened for 4 days in a row. One was for 7m at 0.54p and others around 3m each.

[grimreaper2019] 26/8/2021 08:15

CFO interview yesterday, first time ever I have heard a director tell shareholders and prospective investors that dilution is OK.

Another placing coming soon, nothing to worry over, the last one (at 0.34p) was at a 15% discount to market.

[geotrav] 25/8/2021 15:22

Fair comment tightfist.

I see Bob is on video this afternoon talking about the interims release (Proactive’s website).

[tightfist] 25/8/2021 15:07

Hi geotrav; Maybe it's just words but IMO the 2017 Requisition activists (just) saved the-then company (Stratex) from oblivion; the events/BoD leading up to the requisition were self-interested scum-bags - and worse...... .That the company has been turned-around to what you see today is IMHO a great credit to the new BoD, now joined by CB.

[geotrav] 25/8/2021 13:00

Sounds more like you got legged over by the previous guys when you were at 4p… or did you believe the fairytale of the requisition story?

[geotrav] 25/8/2021 12:58

Continued reduction in G&A…

[geotrav] 25/8/2021 12:57

Maiden resource at Senala…

[geotrav] 25/8/2021 12:57

Successful drilling at Bibemi…

[geotrav] 25/8/2021 12:56

8 new licences in Cameroon…

[geotrav] 25/8/2021 12:50

You say they have delivered nothing material, yet they have massively reduced G&A, brought in an entirely new jurisdiction, with consistently positive results from their exploration, stopped the haemorrhage of cash flow out to Turkey and other ‘investments’ and initiated an income stream from HMRC (a first for the AIM exploration & mining sector).

I can’t see how that’s ‘delivering nothing’…;

[geotrav] 25/8/2021 12:46

The 2017 requisition is what destroyed value in the company

[thecoyone] 25/8/2021 12:20

The new management team have delivered nothing material since they were installed in Q1 2018.

They have lost or diluted out of sight every institutional shareholder that the old BOD attracted which at one point included Sprott, Blackrock and Teck.

They have diluted every legacy Stratex shareholder into oblivion.

They have issued over 1 billion shares and will shortly issue 300m or 400m more.

They have not delivered any meaningful asset sale despite implying 2 years ago they would.

They have not had success in any legal case in Turkey despite assurances to the contrary.

They have delivered no meaningful share price growth, when the new CEO was appointed the share price was around 1p.

There is no exit policy or value generating event in the pipeline, they are totally dependant on Iamgold in Senegal who have no interest in promoting Senala, a statement made by Tim Livesey himself.

The project in Cameroon is extremely long term and hideously dilutive.

They have failed to deliver any meaningful new project despite suggesting they would in the cash raise RNS last October.

The business model looks flawed in today's environment, dilute and dilute some more in the hope of finding a resource, note it can take 5 to 7 years to develop a meaningful saleable resource.

The market will not re-rate this company until the new BOD can deliver a meaningful value event but how ?

Long term shareholders like myself have lost a packet, the shares were once trading at 4p with only 450m in issue, even buyers over 1p have lost 50% of their capital in under 6 months.

Oriole is a company run by geologists for geologists.

One thing you can be sure of at Oriole ---> DILUTION

[the skipper] 25/8/2021 09:11

You can’t fault the company for the progress they have made during the period and attention should be drawn to what they say about the legacy assets. This gives the company the opportunity to sit tight and wait for the cash to come in to fund future exploration.

[luckyabbeygale] 25/8/2021 08:32

For a change there is no sell off after news. Not one sale. This bodes well. 0.5p is the new support level.

[grimreaper2019] 25/8/2021 08:19

End June the cash position was down to £870k, right now it is probably down to £700k - the level they raised at last October, a placing in Q4 looks inevitable.

The market has sold down the stock from 1p+ to current, a rolling short as implied, get the next placing away (probably around 0.40p) and maybe, just maybe, the happy clappers might have something to smile over.

In the meantime Oriole equity is to be avoided.

[tightfist] 25/8/2021 08:10

A very neat and succinct overview from the Chairman this morning, with some great out-takes, eg: "...adjacent 2.5 million-ounce Boto gold project this year alone, we are confident that our position in Senegal remains a key short-term value-driver for the Company" and "With numerous other resource-grade deposits in the vicinity, opportunities for the development of a consolidated mining camp in the area of Faré are significant". And even some very left-field activity in Benin and potentially on NASDAQ!.Onwards! tightfist

[luckyabbeygale] 24/8/2021 09:53

Oriole are now on a verge of a serious breakout.
The derampers are now desperately doing their best to stop this from happening.
Stella Diamonds with the way they're behaving all over again.

[luckyabbeygale] 24/8/2021 09:49

Another buy at 0.50p.
A lot more buys now than sells.
The derampers are making you believe that the sells are all sells.

[grimreaper2019] 24/8/2021 09:48

The happy clappers had their day yesterday but reality comes home to roost, namely the market continues to forward sell the next placing, probably priced at 0.40p or even 0.35p

Oriole have authority to issue circa 400m shares and that they will in due course.

So ORR shareholders are now paying for independent consultants to deliver JORC estimates, the major beneficiary being Iamgold Corporation who ultimately will own 70% for a pathetic $8m exploration spend.

No wonder the share price is falling away again.

[luckyabbeygale] 24/8/2021 09:36

I can buy at 0.498p.

[luckyabbeygale] 23/8/2021 15:26

You get an even bigger reaction if you go and annoy rio tinted specs on KEFI minerals.

[luckyabbeygale] 23/8/2021 15:24

No. It's just another attempt of this scum idiot deramping, It is not welcome here.

[2603] 23/8/2021 14:45

Surprise surprise. Back to square 1. Useless this share.