Oriole Resources Share Discussion Threads

[mrmcnee] 07/12/2021 12:12

Looks like a large holder is still dumping selling at almost any price.

[grimreaper2019] 07/12/2021 08:03

Observer007

You fail to mention they awarded themselves 39m options in lieu of salary at the derisory conversion rate of 0.10p, no not 1p not 10p but 0.10p, the current price is 0.36p

If this does not send a message about their intentions then nothing does, namely dilution in buckets.

39m options at 0.10p with NO performance conditions.

[luckyabbeygale] 06/12/2021 09:23

thecoyone is positive on my second main share Metals Exploration. I therefore taken his advice and reduced my Oriole to keep my margin up for Ironveld.

[observer007] 06/12/2021 09:13

Whilst on topic.

It is rather unnerving that the BOD have very little skin in the game, all are sector experienced yet own under 1.5% of stock, some of that stock came in lieu of salary.

If they felt Oriole was going to offer investors material upside then surely they would hold more stock.

Sorry to be overly critical this morning but trying to address the reasons for the near 85% fall from this years high point, many have lost significant sums of cash.

[luckyabbeygale] 06/12/2021 08:51

The recent fall has only been to do with Nic Slaters pump and dump. Now that is over it should be blue sky's from here.

[bo doodak] 06/12/2021 07:59

And if lucky, before a share consolidation takes place

[observer007] 06/12/2021 07:50

They have completed lots of interviews over the last 12 months but the message is the same, from those interviews it is clear there are no blue sky events in the near or even medium term.

Some are starting to question the business model, namely, how can a junior like Oriole valued under £8m proceed with a project the size of Cameroon without significant dilution ahead.

I have to say the litmus test moment for me was when the CFO tried to defend dilution, he was clearly agitated by talk of a placing which, of course, eventually came and significant dilution occurred.

If you asked any one of the BOD when there will be a significant value event I fear they would be unable to answer, Cameroon is very long term and they are in the hands of a lethargic major in Iamgold in Senegal, in fact Tim Livesey actually suggested it would not be in Iamgold's interest to promote or bull up ORR's Senala licence.


I think the best shareholders can hope for is a return of sector sentiment where all boats will rise, until then it will be something of a slog IMO.

[the skipper] 03/12/2021 10:22

Thanks for posting up the interview ssrmb. Just got around to watching it after returning from holiday last night. TL is using this to help investors understand the updated presentation and it helps a lot in that respect, but it perhaps also has a dual role in spelling out to potential partners what’s on offer in Cameroon. ORR has clear first mover advantage there and when the current drilling and sampling campaigns have been concluded, unless they are complete duffers (which seems highly unlikely given the work completed to date and the team’s track record elsewhere) that is when you would expect the majors and mid tier producers to be looking to buy in.

I hope that answers the question posed the coyone in his/her penultimate paragraph.

[thecoyone] 03/12/2021 08:31

This company is run by geologists for the benefit of geologists, it has not delivered a stich of meaningful shareholder value for years on end.

They have been messing around in Senegal for over 10 years with no uplift in shareholder value, they spent £6m/£7m even before the JV with Iamgold.

They will repeat the process in Cameroon, ask Livesey how he intends to fund the
the 3,500 sq km project, they will dilute and dilute, the market knows it and that
is why the shares are in the gutter as is normal here.

Glad I exited most of my holding during the manufactured 1.9p spike.

[the skipper] 02/12/2021 12:17

Am surprised no-one has mentioned the updated presentation. Seems to set some clear targets for near term news and I’d certainly rather be invested than shorting this stock when drilling results start to flow.

[luckyabbeygale] 02/12/2021 10:41

Looks like Nic Slater is back after dumping at a profit the last time.
The 2,360,793 buy looks like him.

[luckyabbeygale] 02/12/2021 08:08

Look at the damage that Nic Slater ramp has caused us. His dumping was worst than an overhang. Fortunately he is now out.

[grimreaper2019] 02/12/2021 07:56

Chart suggests .33p coming with next support at .30p, yesterday's break below .38p was significant.

[mrmcnee] 01/12/2021 15:33

Someone is still dumping here at any price.

Sector is in the doldrums making matters worse.

[luckyabbeygale] 26/11/2021 09:47

These 1m buyers or more are the most stupid traders I have seen of alltime. It seems like they never know if they are coming or going.

[dogsoggy36] 24/11/2021 08:49

You poor thing.

[bspgamer] 24/11/2021 08:27

You up for a date, I look just like him lol

[aussiebeach] 24/11/2021 08:22

Still dam cheap, peer company Chesser Resources has risen 40% over the last month, ORR has fallen 25% ??

[luckyabbeygale] 24/11/2021 08:21

Well he was a legend when I was in VAL. I was lucky I sold there at 57p. After buying in at 22 average. He just made it look like he pumped and dumpt Oriole, and today this rns has caught him out.

[bspgamer] 24/11/2021 08:18

You love nick slater

[mrmcnee] 24/11/2021 08:12

It's 'at best' right now to buy, hard to comprehend given the recent fall but this is AIM and corruption is rife, no doubt someone is trying to protect a short book.

[broken_arrow1] 24/11/2021 08:05

Nothing available online at advertised offer, IG want .42p for just 250,000 shares, its going higher shortly.

[aussiebeach] 24/11/2021 08:00

The shares were .50p earlier this month and 1.90p back in February, they look darn cheap right now.

[observer007] 24/11/2021 07:55

It is very encouraging that Iamgold have been so active recently, the move up to the north at Fare is a material event in my view, they are obviously intent on probing the area in a more determined fashion, it was this location that drove the valuation of a peer company from £10m to £80m this year.

It also suggests Iamgold will extend their JV into the last 2 years where they have to spend $4m to gain a final 70%, the closer this come the more likely Oriole management could approach them to sell the remaining 30% should they so desire.

Remember nearby licences have been changing hands for $100's of millions.

Oriole is currently valued at £6.5m !