Oriole Resources Share Discussion Threads

[luckyabbeygale] 26/8/2021 10:24

It is going up because there is a buyer trying to acquire a huge amount of shares. As proven by the 4 days of buying that we had here last week.

[scottwhetton] 26/8/2021 10:15

The 10% crew are at it again , zzzzzzzz

[shortarm] 26/8/2021 10:13

Erm, I really don't think anyone shorts a microcap explore!???

[luckyabbeygale] 26/8/2021 10:06

Seriously a good time to be buying ORR shares. Let them shorters burn.

[geotrav] 26/8/2021 08:48

hxxps://youtu.be/G9u7T6sXZJU

Dig Deep podcast with Livesey being interviewed. A bit long winded but some gems in amongst it all perhaps!

[geotrav] 26/8/2021 08:23

If the share price rises, why is dilution an issue? If you were an institution wishing to maintain a position I can see it, but as a lowly retail investor, I just want the share price to rise!

[observer007] 26/8/2021 08:03

It was a rather strange interview from Bob Smeeton yesterday, he has performed impeccably cutting costs etc, I found it incredulous he mentioned their holding in Elephant Oil, Oriole only own 157,500 shares, to suggest this may fill a funding gap for the company is a farce, the value can only be a few thousand pounds at best.

It seems one of the largest holders of Elephant Oil listed on AIM is Red Rock Resources who own 1.1m shares, they have made no comment about the holding so far.

[luckyabbeygale] 26/8/2021 07:48

The 7m buy was announced after close on a day when the price to sell was never more than 0.5p. The buys just can not be brushed under the carpet. Well they have not since this is why so many are buying now. As they know something big is going to happen very soon here.

[shortarm] 26/8/2021 07:45

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

[luckyabbeygale] 26/8/2021 07:30

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 07:15

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 14:22

Fair comment tightfist.

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

[tightfist] 25/8/2021 14:07

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 12:00

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 11:58

Continued reduction in G&A…

[geotrav] 25/8/2021 11:57

Maiden resource at Senala…

[geotrav] 25/8/2021 11:57

Successful drilling at Bibemi…

[geotrav] 25/8/2021 11:56

8 new licences in Cameroon…

[geotrav] 25/8/2021 11:50

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 11:46

The 2017 requisition is what destroyed value in the company

[thecoyone] 25/8/2021 11:20

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 08:11

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 07:32

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 07:19

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 07:10

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