Oriole Resources Share Discussion Threads

[the skipper] 13/12/2021 13:52

juju now on filter as the clock ticks down for the four to five news items that are identified for Q4 2021 in the recent presentation. Probably the best Santa rally stock you could hope to find imho.

[juju44] 13/12/2021 13:48

I will buy below zero

[geotrav] 13/12/2021 13:18

So if you’re out why are you commenting and de-ramping? Seems like you want back in…

[juju44] 13/12/2021 12:32

Yep , fortunately not as low as this

[geotrav] 13/12/2021 12:12

Do try to be constructive, you can’t even justify your deramping comments juju44

What actual information can you charge on this, or is this just your usual negativity on a company you know nothing about?

I guess you got burned somewhere along the line, bought high, sold low…

[juju44] 13/12/2021 11:49

Sub zero approaching

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

For balance here is the timeline for news from the recent presentation:

UPCOMING NEWS FLOW
CAMEROON
Bibemi
Phase 2 diamond drilling results from Bakassi Zone 1 – Q4-21 Results from soil sampling at the Lawa prospects – Q4-21 Commencement of IP survey – Q4-21
Wapouzé
Results from follow-up programmes – Q4-21/Q1-22
CLP
Completion of semi-regional sampling over priority 1 zones in eastern licences – Q1-22
Results from Pilot Area within that programme - early Q1-22
Commencement of mapping and stream sediment sampling at the western CLP licences – Q4
SENEGAL
Results from the 401m diamond drilling at Madina Bafé and 2,160m RC drilling at Faré – Q1-22
Continued infrastructure development at IAMGOLD’s neighbouring 2.5Moz Boto gold project
Diamond core logging at Bibemi, Cameroon

It’s all about the future, not the past, and Shard Capital have a very positive view about the future here:

[luckyabbeygale] 10/12/2021 11:47

39m options at 0.10p with no performance conditions. That's got to hurt, and maybe why we had the 6m sell showing up after close yesterday. Since I cut my losses on Vast at 4p. It is now 2p to sell. I would expect a similar performance here.

[broken_arrow1] 10/12/2021 11:07

Premiums being asked for reasonable size right now, it does seem the overhang has cleared, the seller was obviously distressed based on prices received well below market rates at the time.

Such events usually offer nimble investors the chance to get in on the cheap, often price reversals after such events can be dynamic.

[silverspoon2009] 10/12/2021 07:55

Took 2m yesterday, the 2nd tranche was hard to get, I see this turning up based on upcoming news-flow, it's hideously oversold + I think 2022 will be a far better year for the mining juniors.

They have enough cash to last into Q3 2022, & one would hope they will have success in either selling assets or recovering the £1.25m they are owed in Turkey next year.

[scalpface] 09/12/2021 14:35

Lovely rounded bottom too... should continue upwards from now

[broken_arrow1] 09/12/2021 08:38

The book turned positive late PM yesterday, the seller seems to have cleared.

Technically the shares are oversold on the RSI as well.

[the skipper] 07/12/2021 19:54

I see Tim Livesey is participating in this event next week:

Might be timed to co-incide or follow the release of some drilling news.

[dogsoggy36] 07/12/2021 18:45

Totally crazy to sell at a loss especially at 31p.Loads of news coming in Q4 and Q1.Where are you going to make up your losses on other stock when most of the markets are struggling.

[the skipper] 07/12/2021 16:38

Indeed it was. Looks like the bottom is in to me and you have to pity whoever sold at 0.31 today with the news which is to come.

[luckyabbeygale] 07/12/2021 12:17

This is why I am out at 0.35p. Would of had no margin left at this price.

[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.