Oriole Resources Share Discussion Threads

[luckyabbeygale] 11/10/2021 10:45

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 10:43

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

[thecoyone] 11/10/2021 08:33

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 07:41

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

[m1sterx] 06/10/2021 21:16

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

[the skipper] 06/10/2021 07:12

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 14:24

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 12:42

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 09:15

Being dumped again huh rampers

[bspgamer] 04/10/2021 08:00

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 07:28

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 07:18

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.

[oakville] 04/10/2021 06:59

From this low base should rise 20%+ this week.

[observer007] 04/10/2021 06:53

Although their % interest is decreasing the project has significantly increased in value through significant drilling activity.

So far the partners have spent $5m, they are serious players, ORR gets a free ride, lets say they eventually get a 2m or 3m oz JORC gold resource, even if ORR is ultimately diluted down to 5% that would be worth the current market cap alone just on that one project.

I think the volume spike on Friday is not related to this news however, so what was it down to?

I think it could be a good week here.

[the skipper] 04/10/2021 06:44

There are certainly some excellent grades there and at a depth suitable for open pit mining. It’s a shame that ORR’s interest now reduces to below 10% but the value of its interest should increase significantly once a resource estimate is issued.

[shortarm] 04/10/2021 06:32

Finally some not dust!TSD tried to take over STI when all the shareholder action kicked off....I'm guessing it would've been for the best seeing these results.....

[oakville] 04/10/2021 06:20

Excellent Diamond Drilling Results from Assaleyta and Hesdaba including best intersections of 17.37m grading 3.59 g/t Au and 10.75m grading 26.27 g/t Au respectively

[oakville] 04/10/2021 06:19

Fair grades with my limited knowledge..

[oakville] 04/10/2021 06:17

RNS that somebody got wind of...

[observer007] 03/10/2021 18:04

ORR was mentioned on Zak Mir's Sunday Roast podcast, they noted the increased volume & large buys on Friday, very low RSI and suggested it is due a bounce, this podcast is well followed so I suspect ORR will be popular tomorrow.

These guys also interviewed Tim Livesey fairly recently.



I have a gut feel something is going on, but what.

[the skipper] 03/10/2021 12:20

Could just be a conviction that this was the bottom and hence the best time to record a capital loss before switching to an ISA on the smaller trade, but the other is more of a mystery unless someone had such large capacity in an ISA.

One hell of a risk for a spread bet too, so possibly an accumulated short position being closed and matched by the market makers. Whatever, it certainly bodes well for the coming weeks and months here.

[yasxii] 03/10/2021 08:42

3 month average volume 15m shares, then Friday 96m, so what do insiders know that others don't ?

[benny shares] 01/10/2021 15:47

Those two trades alone were worth over a quarter of a million

[the skipper] 01/10/2021 15:38

Some massive trades here this afternoon. The first pair at the bottom of the spread so probably a bed and isa. The second pair near the top of the spread so probably a rollover, but one might well ask why both today? I suspect we will have some positive news here next week.