Oriole Resources Share Discussion Threads

[thecoyone] 22/9/2021 06:58

Well done to those who sold around 1.8p and 1.2p earlier this year, those traders can now buy back, if they so desire, at a fraction of the price.

Under this management team the stock is not a hold but simply for trading, no doubt it will bounce at some point, possibly shortly.

[mrmcnee] 20/9/2021 15:05

Looks like my entry point was well timed, you can be sure there will be a plethora of news inbound to get the share price moving soon enough.

As others have pointed out the placing was heavily forward sold, the participants made money on the way down and will almost certainly make money on the way back up, would not be surprised to see the Twitter crew promoting ORR shortly either.

BTW Zak Mir covered Oriole today, looks like the promo has already started therefore.

[the skipper] 20/9/2021 13:27

Looking back at that period when the share price doubled there wasn’t any significant operational news, just some investor interaction, so let’s hope that the BoD keep up their recent PR offensive.

[m1sterx] 20/9/2021 11:31

This placing was probably one of the most forward sold on AIM in recent times, the fact they got away with no warrants tells you all you need to know.

So what happens next, their last raise was at 0.34p on 7th October 2020, 9 trading days later the share price had doubled.

[benny shares] 20/9/2021 11:09

Let's hope this is the beginning of a good recovery

[bspgamer] 20/9/2021 11:05

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

[observer007] 20/9/2021 10:47

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

[bspgamer] 20/9/2021 10:06

We have until 07 October 2022 to exercise them guys

[bspgamer] 20/9/2021 10:03

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 09:54

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 09:37

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 09:28

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 08:53

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 08:51

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

[observer007] 19/9/2021 21:27

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 11:11

Hope you are right

[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