Oriole Resources Share Discussion Threads

[observer007] 22/6/2022 18:18

I would suggest if all goes well they could sell the Muratdere royalty in a range of $1m to $1.6m, the number is based on a royalty sales by other entities and a comparison to the sale of the Oksut royalty back in 2015.

The Oksut royalty had a value of $20m to Stratex, it was sold for $4.5m to the mine owner (not a royalty company who would be more challenging on price paid) or 22% of $20m

Muratdere is stated as having a $7.5m value so 22% of that is $1.65m but I expect a royalty company to drive a harder bargain + the project is not as advanced.

In my view they will do well to get much more than $1m, if they wait they will get more, we will see.

This news is unlikely to defer a placing in September, Livesey mentions dilution in the interview.

[geotrav] 22/6/2022 08:56

Copper price is good just now as well..

[tightfist] 22/6/2022 08:37

I am not counting chickens yet but this sounds useful ".....the Muratdere royalty is a highly saleable asset for the Group and, with a positive outcome on the EIA report expected later this year, the value of that sale is likely to increase markedly in line with the enhanced level of de-risking that brings. We are actively engaging with royalty groups regarding a potential sale." tightfist

[geotrav] 22/6/2022 08:02

Nice RNS out on Turkish royalty… value inbound perhaps?

[geotrav] 20/6/2022 21:17

I guess I just answered my own question…!

[geotrav] 20/6/2022 09:41

So funny that so many sit on this BB simply to bag ORR… if you think its that bad, why are you here? Don’t you have a life?

Or are you pushing it down to buy in cheap…

[flughafen17] 19/6/2022 09:39

Interesting tweet

[shooter mcgavin] 18/6/2022 20:18

Day trading telegram group - Bulls & Bears welcome

[thecoyone] 18/6/2022 08:03

Oh and one last thing, after 4.5 years in position the entire Board (of 5) only hold 1.3% of the company.

In the same period they have taken a conservative £1.5m out in salaries.

Now who are the shrewd ones !

So popular are Oriole in the investment community there is not one 3%+ holder on the register.

[thecoyone] 18/6/2022 07:55

PVR 35% placing discount to raise £1.5m


The days of penal placing discounts have started, PVR yesterday raised £1.5m at a 35% discount and had to give 1 for 1 warrants at the same price.

If ORR wants to raise £1.5m vis a vis they would need to issue at .14p add a further 1.1b shares and potentially the same number of warrants.



Back in 2008/09 many juniors had no option but dilute existing equity holders out of sight, 1/100 1/200 share consolidations followed to hide the billions of new shares wiping out minnow small investors who held at that time.

Something to think over.

[thecoyone] 17/6/2022 15:59

Some investors fail to understand the true reality of a full scale bear market, companies like Oriole must raise via equity but if the market is not forthcoming what then ?

Remember the woeful stock performance under Livesey has been in a relative period of market strength from 2018 to Q1 2021 many minnows were at all time highs, except Oriole.

If ORR shares underperform in a bull market what will happen in a bear market, will Livesey & Co raise cash via death spiral or at a 40% discount to the market price, you bet they will to keep the salaries coming in.

Shareholders are cannon fodder here and always have been.

[geotrav] 17/6/2022 07:08

Charts don’t really work for stocks like this, it’s usually driven more by specific projects and news flow.

[highly geared] 16/6/2022 23:25

Chart says Oriole is dead in the water.

[flughafen17] 16/6/2022 23:17

I noticed this tweet tonight, it seems juniors may struggle to get funding away at any price in current circumstances, ORR's future may well be at risk as could other exploration juniors who rely on regular placings to survive.

Could we start seeing the death spiral form of funding again ?

[tightfist] 15/6/2022 09:14

Well said Tadtech, there are a few other salient points. .The unseemly haste with which the Stratex CEO sold-out our largest JV position in Turkey at a knock-down price, Mr Engelbrect's proposed merger share remuneration - IIRC it almost almost the entire market cap of Stratex, Mr Engelbrecht dual-listed Crusader on the LSE before it got delisted (and presumably gullible PI's got shafted), and the murky role of the advisors Hannan, IIRC in both transactions. Not to mention the complicit role of chairman Addison..Hopefully ORR can soon realise some value from the legacy STI assets, but the current market is woeful as all know. tightfist

[thecoyone] 15/6/2022 08:18

The market has no interest in Oriole, their projects are far to long winded and designed to drain cash from shareholders.

The model at Dalafin/Senala in Senegal shows the above clearly. The company has been in country for nearly 10 years, Stratex spent £6m and now Iamgold has spent another £3m, this project has added no value to shareholders to date.

Now bring forth Cameroon, same model but larger in scale, however did anyone realize they have to renew the three licences every 2 years and rescind 50% of same each time, that could leave them a very very small bundle in due course, where is the money coming from ?

[geotrav] 10/6/2022 15:40

Seems the Minister is a supporter - big delegation at Bibemi according to Twitter

[geotrav] 09/6/2022 19:01

Too funny !!!

[flughafen17] 09/6/2022 15:56

Goodness knows how they are going to get the next fundraise away and at what price, the way this has dropped one could envisage 750m new shares priced around .20p within a few months to raise the usual £1.5m.

They talked about starting to arrange the drilling programmes in Cameroon recently so a funding must be in their thoughts.

Remember, despite what they say about cutting costs, salaries and general expenses must be closing in on £700k per annum.

No wonder this company is getting a wide berth by traders.