Oriole Resources Share Discussion Threads

[bspgamer] 20/9/2021 12:05

They did well here in the current climate to raise the cash without warrants.

[observer007] 20/9/2021 11:47

No warrants attached to this placing, that has to be some sort of good news.

[bspgamer] 20/9/2021 11:06

We have until 07 October 2022 to exercise them guys

[bspgamer] 20/9/2021 11:03

fair play to ORR managing toRaise money without warrants at .42p. Let's hope I can exercise my .68 warrants one day

[terminator101] 20/9/2021 10:54

Hilarious mate, the price was 0.425p That's well below the price over the past few weeks, a major discount.

[the skipper] 20/9/2021 10:37

With that behind us and the company probably having enough funds to continue its work programmes until at least the end of next year we should now see some positive responses to the news which will emerge from the various prospects in the coming months. First up should be the outcome of further stream sampling and trenching in the new license blocks in Cameroon imo.

[observer007] 20/9/2021 10:28

Well there it is a oversubscribed placing at 0.42p, the shares are off 80% against the 1.95p high point reached on 10th February.

Every man and his dog knew this was coming, the share price should now start to recover.

[janestone] 20/9/2021 09:53

Really bad news as they ought to have triggered the warrants at the time. Having said that I now expect the share price to recover.

[robertjbeck] 20/9/2021 09:51

They were on my sell list but probably worth holding on to them now the placing is done

[observer007] 19/9/2021 22:27

Some decent posts on ORR over the weekend, let us see what happens, the shares are very oversold if nothing else.

[kcaco] 19/9/2021 12:11

Hope you are right

[mrmcnee] 19/9/2021 10:16

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 08:32

#fantasyshortsqueeze

[the skipper] 17/9/2021 23:42

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 17:48

Great advice misterx

[m1sterx] 17/9/2021 17:38

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 16:11

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 16:08

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 16:06

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 16:04

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 15:55

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 12:34

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 12:28

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.