Oriole Resources Share Discussion Threads

[dogwalker] 17/9/2021 11:45

Interesting stuff janestone. Can you say how you derived the impression that IAM know where the sweetspots are & are avoiding them?

[janestone] 17/9/2021 11:40

I get the impression that iamgold know exactly where the sweet spots are but are content to avoid them and sabotage orr as, let's face it, they did previously with the under drill. The orr management ought to have withdrawn from the agreement and given them the elbow when it became clear that they couldn't be trusted. I now think that this is a sitting duck.

[bspgamer] 17/9/2021 11:37

I did ask my broker who put me off, yeah I should have cashed them in. Regrets but did well on this stock, so I can't complain

[jackbal] 17/9/2021 11:22

Yeah I am greedy, I cashed out all placing stock and warrants over 1p which I felt pretty smug about. Then started buying again around .75-.8 d’oh

Got greedy and should have just stayed away.

Sincerely think this will get pumped up again and warrant holders might get another chance.
Gold just not doing the business in the Bitcoin age but I still think gold will have its day tho. You can’t print it so…

[jackbal] 17/9/2021 11:18

How come you didn’t think exercise and cash them straight in over 1p. I know I did it was free money at the time?

No offence or anything just curious with others strategies

[bspgamer] 17/9/2021 11:17

You greedy lot had your chance to sell this many months ago. It's your own fault if your locked in

[bspgamer] 17/9/2021 11:03

They must be running on fumes now

[bspgamer] 17/9/2021 10:51

Don't like I will be exercising my .68 warrants anytime soon. Glad I sold out at 1.7p

[juju44] 17/9/2021 10:19

At last I have got rid of this endless failure

[geotrav] 17/9/2021 10:05

They’ve got cash for their drilling programme though? They said they had funding for the next phase at Bibemi.

[jackbal] 17/9/2021 09:57

Might be the case geotrav but without cash the company has no ability to follow up.
In terms of value/SP going to have to burn some more (cash) to earn some (value).
How do you think that’s going to happen?

[geotrav] 17/9/2021 09:40

Looks like a lot of commentators don’t actually understand what the results indicate.

It’s not a resource drill out (yet), it’s exploration or previously undrilled or minimally drilled areas.

[terminator101] 17/9/2021 08:50

Market no like huh. Can probably also smell an incoming placing

[observer007] 17/9/2021 08:43

I have to say the drilling results are poor, especially from Fare where so much was expected (and promoted by the BOD) the complete opposite to the bonanza grades reported by Chesser Resources close by.

One wonders if Iamgold will extend their JV partnership beyond 4 years, news on this will come early next year, if they do not ORR will be left with a difficult funding decision, locked in with a historic JV partner who can play the long game.

The new team are not having much luck are they.

[the skipper] 17/9/2021 08:20

The results are not stellar but they do help show the huge extent of the resource, hence the comment I think.

[geotrav] 17/9/2021 08:20

Perhaps because the drilling is exploration, not yet resource definition?
Lots of space between the lines, so they even know what the structure is yet?

[meanreverter] 17/9/2021 08:09

When the drilling results are disappointing, it's a shame that the company cannot just acknowledge the fact; instead they have to put a positive spin on them, by saying how useful they are in showing the boundaries of the geological structures.

[nelson01] 17/9/2021 08:04

I don't know why Iam don't just make a bid of 1p for the whole company.

[grimreaper2019] 17/9/2021 07:52

The grades declared today across both locations are weak to poor to put it mildly, this news will hardly assist the upcoming placing price.

Steer well clear until the capital raise is completed, almost certainly to be Q4.

[geotrav] 17/9/2021 07:23

RNS out on Senala

[luckyabbeygale] 14/9/2021 09:07

Even though it is well known about a potential placing these large buyers just carry on buying, and I look forward to seeing why. Cash is also getting less and they do not seem to care about that either.

[tightfist] 13/9/2021 10:45

Are there any close followers of Capital (CAPD) on this BB, they provided the drilling rig to ORR/Cameroon/Bakassi - see 19.11.20 RNS. IIRC CAPD sometimes take a stake in small explorers in return for subsidised drilling costs? May this could be helpful in bridging the ORR short-term situation?.Incidentally, in October last year NRPrivateMarket facilitated on-line investment in the Offer - for the fleet of foot! NRPM is owned by Minexia where Bob Smeeton is an officer..Cheers, tightfist

[grimreaper2019] 13/9/2021 09:25

Another update today, the cost of diamond drilling 1650m will be around £165k / £200k, cash on 30th June was £870k, now probably down to £700k.

The CFO seemed frustrated when market entities talk about the negatives of dilution but dilution IS every retail investors worst enemy.

The BOD seem to have no idea of market matters or trends, typical geologists, does not help sentiment.

A placing is coming folks, it's probably coming in around .40p

[terminator101] 13/9/2021 09:19

The cash balance of the Group as at 30 June 2021 was GBP0.87 million. That won't last them long.