Oriole Resources Share Discussion Threads

[dogsoggy36] 29/10/2021 10:25

If this could finish above .425 today then this will be the 3rd week in a row it's gone blue on the weekly.It might just signal a cycle for the first time in 6 months.

[jackbal] 28/10/2021 14:37

“Just as well ORR raised when it did”

They could have raised a couple of months earlier. I’m all for looking on the positive side of things but draw the line at crediting directors for blatant fxxx ups.
Tim thought he knew best with his pr offensive, Tim didn’t and about time he raised some cash through legacy assets too

[mrmcnee] 28/10/2021 12:19

The whole sector seems to be in retreat this week, it has been a awful 6 months for the juniors. Just as well ORR raised cash when they did and at market price, recent placings have been at 30% discounts.

Who knows when things will turn but most sector related stocks are down 50%/60% from their 2021 highs, remember fortune favours the brave.

The sector is due a rally.

[juju44] 28/10/2021 12:09

Wonder can you buy below zero

[terminator101] 25/10/2021 11:18

Down again huh rampers. More dips to buy.

[the skipper] 21/10/2021 12:09

It’s looking like this has bottomed out so I’ve added 350k this morning. Need to get some more to get my average down but will look for some upside on one of my other holdings to do so.

The new drilling campaign could go a long way towards proving up a resource in Cameroon imo and that is bound to attract some interest from the bigger fish who missed out on the licensing rounds imho.

[geotrav] 21/10/2021 10:56

Thecoyone, shares were in lieu of wages I believe? So they could keep the cash in the company to pay for exploration.

DYOR.

[aussiebeach] 19/10/2021 12:54

At some point this will return to favour, it was a very popular stock, noted their RNS statements remain one of the most read on Vox Markets who declare the numbers each day.

It seems to have gone quiet but remember in Feb the shares hit 1.95p, it can happen again.

[thecoyone] 14/10/2021 09:48

A few years ago when the shares were trading at 2p-3p a 100,000 share buy would move the price, there were only 475m shares in issue, major holders had around 40%, this included Sprott, Teck and Blackrock.

Right now you can buy 4 million shares below offer, this gives some perspective on what this new management team have done since their appointment in mid 2018.

This outfit serves no purpose other than lining the pockets of directors, the projects are long term for a reason.

Remember also the BOD awarded themselves 40m options at a excise price of .10p verses the then price of .40p, no performance conditions attached either.

[the_sage1] 13/10/2021 14:07

Looks like they are trying hard to make a market in this right now, narrow spread etc, there appears to be some chunky buys around .40p getting filled earlier.

Given their gold rich locations it must be easier to take this lot over than mess around trying to do a deal with them, I bet most holders would jump at 2p a share right now, £20m would be chicken feed to a mid cap.

I reckon this has reached the floor therefore.

[terminator101] 13/10/2021 14:00

Seems this is still being dumped hard huh rampers.

[dogsoggy36] 13/10/2021 07:50

You talking to yourself termite?Always remember you as you became obsessed on the RMS chat.Cant you go somewhere else please as I do enjoy reading people views on here rather than any petty childish games.Just my thoughts!

[luckyabbeygale] 11/10/2021 11:45

Me and the Skipper are delighted with the progress Oriole keep on making.
All these derampers are all after one thing and that is maximizing their shorting profits.
Everything they say is lies. There is no further dilution. We have had it all.

Just look at how many sells these idiots have spooked people into selling up for huge losses.

[juju44] 11/10/2021 11:43

Good summary . Its total garbage run for the management who will never deliver anything

[thecoyone] 11/10/2021 09:33

There was a wrath of PR ahead of the placing and now it has gone quiet, they have their salaries for another year which have now been inflated by a internal promotion.

Since Livesey & Co have been in place they have issued 1.5 billion shares, delivered nothing material at all.

I posted this a while back, correct about the upcoming 400m share issue, all still stands and I believe very realistic and fair.




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

[terminator101] 08/10/2021 08:41

Morning rampers, still being dumped hard I see. Funny that.

[m1sterx] 06/10/2021 22:16

Oriole one of the worst performing sector related stocks from high to low this year

[the skipper] 06/10/2021 08:12

One thing this company is remarkably good at is identifying opportunities and today’s news shows us how they have strengthened their position as first mover into a new gold province in Cameroon. As stated in the RNS today other companies are now bidding for licenses in country but ORR has clear first mover advantage and with its tiny market cap must now be vulnerable to being swallowed up by a major.TL will therefore be hoping to see some considerable share price growth in the coming weeks and months to offset that risk imo.

“ Oriole Resources CEO, Tim Livesey, said: "We are excited to see widespread gold-in-stream anomalism across all five licences sampled to date at our extensive and contiguous Central Licence Package. These early indications will now enable us to rank and prioritise areas for rapid follow up exploration work.

"We were initially attracted to the area in 2019 due it being crossed by the dominant TBSZ structural corridor, related to the globally significant Pan-Africa/Brazilliano fold belt that is known to be associated with orogenic-style gold mineralisation across central and eastern Africa and into Brazil.

"As a first mover in what we believe is a new gold district, these early results endorse our early targeting work and support our view that Cameroon is a new frontier for gold exploration. It is encouraging to see other groups following our lead, with licence applications being submitted at every level, from junior exploration companies right up to large multinationals - including proximal to the CLP and along the strike extensions of the TBSZ trend.

"We believe Cameroon offers enormous potential for exploration and mine development, and we are very pleased to be working with an excellent partner in country and to have supportive relationships with the Ministry and Government. Cameroon will no doubt become busier as we see more and more groups follow us there, but we are confident that our early mover position has given us great advantages in allowing us to select the best package of gold exploration licences in this new jurisdiction."

[mrmcnee] 04/10/2021 15:24

I would be more inclined to focus on the events in Senegal, another mid cap in SilverCorp is moving into the area and this has to be significant.

There are rumours on the Aussie bulletin boards that SilverCorp are still buying Chesser Resources stock on the market, but surely Oriole must also be on the takeover radar.

Remember Oriole have 450k sq km of exploration land whereas Chesser have only 50k sq km.

Even in these poor markets Chesser is valued at £30m verses Oriole at £6.5m, there is an obvious value disconnect.

[meanreverter] 04/10/2021 13:42

From the RNS:

"Following completion of the Tranche 2 funding, TSD has concluded a preference share conversion that has seen Oriole's interest reduced to 9.21% which the Company consequently considers no longer material to the group."

I am puzzled by this statement. It seems to be saying that its 9.21% stake in TSD is worth so little that it is of trivial consequence to Oriole (a company with a market capitalization of £7.1m). If "no longer material to the group" means "worth less than 1% of Oriole's value", then the whole of TSD would be worth less than £0.8m. Yet TSD has options to spend $7.5m on an exploration programme, of which $5m has been spent already. I can only conclude that either TSD is horribly in debt or that Oriole takes a very dim view of TSD's drilling results so far.

[terminator101] 04/10/2021 10:15

Being dumped again huh rampers

[bspgamer] 04/10/2021 09:00

Problem is that these havebeen diluted massively plus the warrants sitting in the background. Even with today's good results, this is not going to move anytime soon.the clever money was made 6-12 months ago

[aussiebeach] 04/10/2021 08:28

Looks like another major is building a position in Senegal near Oriole, the area seems red hot for corporate activity.

I seem to recall Tim Livesey (CEO) saying he was concerned ORR would get taken over before true value outs.

Looks like Silvercorp have bought around £2m of shares in Chesser Resource so far but their website shows they take large equity positions so will they take over Chesser and then move to Oriole ?

Maybe Iamgold will bid for ORR now?

[mrmcnee] 04/10/2021 08:18

This is what has driven the volume in Oriole, Silvercorp has taken a stake in nearby Chesser Resources in Senegal, it looks like they are still buying on the market according to posts on Hotcopper

Some think Oriole will be a takeover target.