Oriole Resources Share Discussion Threads

[tadtech] 22/3/2022 13:15

On 25th February 2020 the company sold their long held 12% stake in Tembo Gold for £172k, they never stated who they sold this position too, it would have been off market as Tembo shares are totally illiquid.

The above seems pretty irrelevant until, around 12 months later, Bob Foster and Emma Priestly joined Tembo Gold as 'advisors', both were former Stratex PLC directors.

On 7th December 2021 Tembo Gold announced a agreement with Barrack Gold in a deal worth circa $60m to Tembo, this included a $6m up front cash payment.

Obviously Tembo shares surged on the announcement.

Had Oriole held on to this stake it would have been worth £1.2m not the £175k it was sold for.

Deals like the one Tembo declared with Barrack take a long time to finalize, were Oriole approached to sell this stake, if so by who, did they know anything ?

Oriole shareholders could have had another £1m if the stake had been held, enough to provide meaningful funding for drilling in Cameroon, after all £172k is chicken feed in the scheme of things.

Not the best piece of business done by Oriole Resources.

[observer007] 17/3/2022 08:12

The pattern is very similar to last years spike through 1.50p, a long period of consolidation, oversold, steadily volume picked up and the share price started to move attracting more volume, the price moved quickly thereafter.

This has bottomed out and news-flow will be aggressive from now on, can see the share price moving back towards 1p given recent events, even then still under £20m m/cap.

[m1sterx] 17/3/2022 07:58

Yes heard the CEO hint in a recent interview about a JV partner for Cameroon. Now ORR BOD are out there, no smoke without fire.

Bet there is great interest given the recent discovery, it does look like ORR have hit the jackpot licence package wise.

The re-rate will continue, more-so from a exceptionally low base, shares down 85% from their 12 month high.

[mininglamp] 17/3/2022 07:19

Management are now in Cameroon visiting the central licence package, in the past they have met Gov officers & others, CEO commented about a JV partner recently, makes you wonder doesn't it, volume has been increasing in the shares.

Put the jigsaw in place !

[the skipper] 16/3/2022 23:15

Great to see the new Chair buying stock in the market yesterday. That’s a strong vote of confidence that destroys the pathetic arguments of the shorters that this is a lifestyle company where the Directors just sit back and trouser massive salaries for doing next to nothing.

We now have a board who have a lot of skin in the game collectively and are not afraid to get their hands dirty at the sharp end of exploration. Plenty of upside to be had here from various sources across the asset base imho.

[luckyabbeygale] 16/3/2022 15:01

Just promote it by replying about Oriole to everything Elon Musk says on twitter.
You never know Elon may take to Oriole being the Oriole biscuit, like he did with DOGE coin being a dog.
That will have the largest audience by far.

[induna123] 16/3/2022 14:59

Need promoting more. ORR isnt a popular well-know stock

[m1sterx] 16/3/2022 14:56

True value compared to peers is easily £20m to £30m m/cap even in current markets, that equates to 1p to 1.5p a share, even then that could be considered conservative given recent news.

It is totally unfathomable how ORR could be sitting at current levels, a valuation based on market maker shenanigans, the shares were 85% down from their 2021 high point before recent days modest rally, totally ridiculous.

This is a no brainer buy, no wonder stock is so hard to acquire.

[block4gooner] 16/3/2022 12:25

Love when a member of the board buyConfidence

[luckyabbeygale] 16/3/2022 12:19

Opportunities like this can go up over 100 percent in a day.

[aberloon2] 16/3/2022 12:17

So that’s why I couldn’t get a quote 😎

[m1sterx] 16/3/2022 09:57

Market makers know how to quell demand, every trick in the book being worked with ORR and many other juniors in the current market.

Shut down online buying
Widen spread
Show a false bid price (encourages selling)
Reduce online buy limits when buying permitted
Disguise buys as sells (larger trades declared later)
Place fictitious sell trades through market (then cancel at close)

So many tactics, if investors want to buy place limit orders, if market size they have to honour them.

[observer007] 16/3/2022 09:11

Just listen to the CEO of Conroy Gold rant about their "pathetic" share price, it applies to ORR also, how can ORR's 2 main projects be valued at near zero when so much value has been created.




Perhaps Tim Livesey should also break ranks and rant, the BOD has mentioned the poor share price many many times.

The market maker system is flawed, let alone corrupt and open to manipulation, this time last year 1m shares in ORR would have cost £17,000, today they can be bought for a mere £3400

ORR cheap as chip paper right now, no wonder it's hard to buy.

[silverspoon2009] 16/3/2022 08:08

Just checked with IG they want a premium for just £1500 worth, hard to buy is a understatement.

[dogsoggy36] 16/3/2022 08:04

Totally agree with your comments.Needs some volume and a steady rise.

[m1sterx] 16/3/2022 07:52

The move from around current levels to 1.95p 12 months ago came quickly and unexpectedly after a long period of consolidation.

Over recent days the shares have become increasing harder to buy in any size, one suspects another strong upside move is coming soon.

Have increased my position accordingly.

[the skipper] 15/3/2022 23:14

A recording of today’s presentation by ORR at the 6ix Spring Coference is now available here from an hour and 40 mins in:

Not much that those who are well researched here wouldn’t already know, but as I see it ORR are pitching here to the numerous other companies (and their investors) who are presenting at this multi national event for the sector. Looked like a case of come and knock on our door if you want a piece of the action in Cameroon to me.

[broken_arrow1] 15/3/2022 16:19

Just 500,000 left at full offer then it moves up.

[observer007] 15/3/2022 15:18

Not much stock on offer this afternoon, will not take much follow through buying from yesterday to kick start a re-rate.

[meanreverter] 15/3/2022 12:59

Direct link:

[geotrav] 15/3/2022 08:38

Terminator101. He knows not of what he speaks… which is fairly typical of the bagger brigade.

Probably caught with a short position and desperate to drop the price!

[shortarm] 15/3/2022 07:07

Oh dear......

[goldenshread] 15/3/2022 07:05

The scale of the discovery announced yesterday will certainly draw attention to Oriole as a investment proposition.

It was interesting to hear the CEO talk about the possibility of a JV partnership, Cameroon has been barren of gold exploration to date and Oriole has secured first mover advantage meaning they are in pole position for approaches by majors.

Interesting times ahead.