Oriole Resources Share Discussion Threads

[mrmcnee] 19/9/2021 09:16

Post 3259 makes a great deal of sense, one of the reasons I have bought in, there is almost certainly a naked short in play.

In my view the current share price is a no brainer, if they can raise cash via other options than a placing the price could spike significantly higher as shorts scramble to close.

If they place stock around 0.40p the cash worries will have gone and the market will buy the stock after a near 75% drop from the high point in February.

I have made money by trading ORR well in the past and expect to do the same this time around.

[terminator101] 18/9/2021 07:32

#fantasyshortsqueeze

[the skipper] 17/9/2021 22:42

Shorters are all over this like a rash now but will clearly be disappointed that there was no RNS after the market closed today announcing the placing that they have been preaching on about for weeks, if not months (these things invariably being announced late on a Friday).

Some will be banking on receiving placing stock to be able to close out their positions, so yes it would be wonderful if ORR have a cunning plan up their sleeves or some cash coming in from the legacy assets to catch them out. Then the swines will all be competing with each other to close their positions in the market alongside long side traders and investors who will be piling back in here for the news to come from the drilling and trenching programme in Cameroon.

[kcaco] 17/9/2021 16:48

Great advice misterx

[m1sterx] 17/9/2021 16:38

Unfortunately many novice investors were sucked into the market during the shutdowns, they had no understanding of market matters and shenanigans that occur at the spivs dealing desks, they are now taking 'advice' from anonymous posters suggesting they should sell (see LSE) fools and money easily parted comes to mind.

This stock has been a rolling short ever since the spike to 1.2p in May, remember market makers and brokers aligned to them do not have to declare their positions like other investors, they will also laser focus on placing dates and the cash position.

I believe the book can be circa 3% short of the issued equity at any time, this is considered to be a normal market function. The actual position is often based on the number of shares usually issued in historic placings - they close their short trade that way.

One will soon see how determined this management team are to break this cycle, will they capitulate and place stock or could they shock the market (and burn the shorts) by finding cash via other options ?

For those in the mire, it is NOT the time to be selling, no advice intended !

MrX

[kcaco] 17/9/2021 15:11

Aussie .... the trouble is now those that were holding last December at anything from .35 -.40 range are now holding at anything from .80 to 1 p and above as we got sucked in and bought more.
It’s a completely different beast . .and we have had lots of news , presentation and drill results.So where’s the good news going to come from to lift this Your optimism is one of the few things to cling on to. I hope you are right

[m1sterx] 17/9/2021 15:08

If this lot sell a royalty or fund by other means than the market you could see one of the largest short squeezes and price spikes in recent AIM history.

Bet there are tens of millions of shares naked forward sold by the usual entities.

Something to ponder over the weekend.

[terminator101] 17/9/2021 15:06

If there is a time to buy its after funding has been resolved IMO. Clearly today's less than sparking results were meant to try and get the price up and get a placing away. Market no like so when the placing comes it will be at a massive discount. That's how AIM works :-)

[scottwhetton] 17/9/2021 15:04

aussie i like your optimism, personally cant see it mind, think 1p is a distant memory for now mate unfortunately .. Hope im wrong

[aussiebeach] 17/9/2021 14:55

How ironic the share price, sentiment & investor apathy are in exactly the same place as in December 2020, a few weeks later the share price hit 1.75p

Those holding in December were in despair, they then made a small fortune completely out of the blue, this is how AIM works folks.

Incredible to think some are selling these lows, the time to buy is now.

[janestone] 17/9/2021 11:34

Because they've already drilled the area and therefore know where good results from shallow ac drilling is and can probably trace where the gold veins are and go to from the results they have already.
Same as orr in Bibemi, their results were in line with their gravity data.

[mrmcnee] 17/9/2021 11:28

Have managed to pick up 1m shares for a consideration of a mere £4300, 3 months ago 1m shares would have cost £12,000 and £19,000 back in March.

Very little has changed operationally, even if they raise cash look what happened last time, the share price multi bagged the placing price in under 1 week.

[dogwalker] 17/9/2021 10:45

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 10:40

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 10:37

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 10:22

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 10:18

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 10:17

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 10:03

They must be running on fumes now

[bspgamer] 17/9/2021 09:51

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

[juju44] 17/9/2021 09:19

At last I have got rid of this endless failure

[geotrav] 17/9/2021 09:05

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

[jackbal] 17/9/2021 08:57

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 08:40

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.