Oriole Resources Share Discussion Threads

[geotrav] 02/9/2022 09:03

Yes, nothing to do with the global economic recession, the lack of high risk money due to digital currency crash and the massive hike in inflation…

Early stage / junior sector explorers are high risk by nature.

Either you believe in the team and the prospects, or you don’t.

If you don’t, go and be successful somewhere else.

If you do, watch out for low entry point opportunities and DYOR rather than relying on the pump and dump crews.

[bspgamer] 31/8/2022 14:22

The board made a fatal error raising money to low, they could have raised at 2p plus as this stock climbed. And also plenty made money on the warrants. We are here because of the board and the board only

[ic0gcds00] 31/8/2022 10:31

Most definitely not

[shortarm] 31/8/2022 09:20

That was sarcasm - yes?

[ic0gcds00] 31/8/2022 07:50

A very good price for entryMassive prospects

[terminator101] 22/8/2022 07:14

Morning rampers. How’s it looking with the “floor is in” “its undervalued” waffle today? Not so good huh.

[the skipper] 17/8/2022 10:50

You’re welcome sir. This should confirm the holding:

[langland] 17/8/2022 10:48

Thank you.

[the skipper] 17/8/2022 10:46

Langland, from the last interims: “In addition to our Turkish and East African assets, we were notified during 2018 that the historic, and fully written off, holding in Rift Resources Limited had been transferred into a 0.68% holding in Elephant Oil Limited, an oil exploration company who hold a c4,600 km2 licence on prospective ground in Benin. In 2021 we have been notified that Elephant Oil Limited is going through a fund-raising process leading to a listing on NASDAQ. As this process is ongoing, and there is no certainty of success, we have not revalued the investment balance in these financial statements, but note the potential for our holding to be revalued and become a liquid asset."

[geotrav] 17/8/2022 10:30

So predictable Terminator…

Do you have a life?

[langland] 17/8/2022 09:58

What makes you think we have shares in this. I did look last time you mentioned this but could not find any reference in the report and accounts?

[the skipper] 17/8/2022 09:45

The board collectively hold just under 3% of the stock, which is not insignificant for a junior explorer. Today’s news was never going to set the share price on fire but it all helps to put Cameroon on the map as a developing gold province. The imminent drilling results from Bibemi should reinforce that in spades and sooner or later a major will come sniffing.

In the meantime Elephant Oil have now published their prospectus for their IPO: which will enable ORR to realise its stake in that company. Then there’s cash likely to be coming in from the Turkish assets and things looking ever brighter for a buyout in Senegal. What’s not to like about that?

[the skipper] 16/8/2022 11:41

Just dipped a toe back in here with 771k which is showing as a sell, but am hoping to add some more in the coming days and weeks as the share price recovery continues.The termite will get his come uppance if he’s stupid enough to hang around much longer imho.

[geotrav] 16/8/2022 09:52

Ah, Terminator101 has woken up, just in time to try to crush any share price rise. As usual.

[terminator101] 16/8/2022 09:35

Blah blah blah. Its the market makers fault huh. Blame everyone except yourself for not understanding basic market mechanics. And as to the "it's undervalued" waffle, seriously, this non revenue generating pile of lifestyle pish is way overvalued.

[bspgamer] 11/8/2022 12:13

Nicely written post by someone who knows what they are talking about.

[observer007] 11/8/2022 07:19

Market makers sure have a lot to answer for and maybe they should be regulated, is ORR the same company now when the share price was 1.95p and the company was valued at £30m, the answer is yes.

There is no way the current level is justified but here we are at a £4m m/cap and a chare price at .19p, the market makers have taken this down on tiny volume, no adverse news to drive a 90% drop.

Because of the above shareholder wealth has been destroyed and sentiment trashed, buyers that were falling over themselves when the price was far higher are now scared senseless to buy or worse still have no money left in their investment bank.

For new entrants this price is a gift, however at the 1st sign of demand the same market makers will cut off online buying and mark up aggressively, you only make money on AIM by buying at times like this in decent volumes so when the tide turns you are in before the herd.

My view is the floor is in at ORR.

[m1sterx] 08/8/2022 15:04

1.5m shares would have cost £30k (assuming you could get them) 18 months ago but now cost only £3k yet no-one seems interested.

AIM is the only market on earth when a stock is at a sale price yet no-body buys - preferring to pay many multiples later ?

Fools and money are easily parted.