Oriole Resources Share Discussion Threads

[observer007] 12/12/2022 08:13

It is worth noting that the resource notified today is only a small fraction of the respective licence.

Taking a very conservative valuation $25oz (in the ground) the maiden JORC gold resource would be worth $7.75m - twice ORR's current m/cap !!

[sclper] 12/12/2022 07:12

4.3 million tonnes grading 2.19 g/t Au for approximately 305,000 oz Au is an excellent result for a maiden JORC resource. Shareholders will be very happy with that. There is huge scope to build on that with so much of the licence unexplored

[bspgamer] 12/12/2022 07:04

They have obviously spent that 600k already and the begging bowl is out again. Mug punters

[aussiebeach] 09/12/2022 12:25

The valuation anomaly to peer Chesser Resources in Senegal continues to be striking, they are valued at £25m despite having a licence area of 1/5th of ORR - ORR is currently valued at £3m

Chesser Resources have made excellent gold discoveries only a stones throw away from ORR's Fare licence.

It can only be a matter of time before ORR gets taken out or some other corporate action drives significant value creation from current levels.

[geotrav] 09/12/2022 10:53

Farrero it seems you’re confusing the old bod with the new bod.
Check out the press, they’re not at all like the old bod…

[bspgamer] 09/12/2022 10:18

Somebody taking sense for once

[tightfist] 09/12/2022 10:10

Farrero; if you are referring to the old Stratex BoD (Addison, Englebrecht) I agree wholeheartedly. IMO this new ORR crew are very different and doing a lot of good things to progressively turn the ship around.... Let's face it they inherited a pretty dodgy hand....and beaten-up sentiment and share price

[farrero] 09/12/2022 09:37

Have to admit we are staring down a barrel now here at ORR,what urks me most is the BoD have lost 99% of value in the shares but still reward themselves handsomely and seemingly treat shareholders with contempt. Ponzi scheme ??

[geotrav] 09/12/2022 09:20

Spread betting small market cap AIM explorers…

Ffs

And people complain when they lose money or the share price doesn’t react the way they want it to!

[itsmyshares] 09/12/2022 08:57

I bought in on a spread bet at 0.12p, and very wisely after seeing them huge sells I sold half at 0.11p. If I had not of done that. I would of lost them all at 0.08p this morning. At least now I can build my position back up over time. It is also looks like the drop was to clean out all the spread bets.

[broken_arrow1] 09/12/2022 08:52

Only £500 of stock on offer now, looks like the share price is poised for another move up.

The free float seems low currently, meaning a smallish volume kick could move the share price disproportionally.

Get the dull news out before the positive - appears to be the position.

[flughafen17] 09/12/2022 08:44

Positive news inbound.


A recent tweet from Oriole tells that they are going to announce a maiden JORC mineral resource later this month - in an earlier interview they suggested it would be the 1st one in Cameroon and will draw attention to the company.

[bspgamer] 09/12/2022 08:35

The rose Timorese spectacles are that tinted they can't read RNS's correctly or see the share price correctly on their phones PMSL

[terminator101] 09/12/2022 08:25

"False drop". Hilarious mate. Anyone with any sense is bailing from this lifestyle pish IMO

[broken_arrow1] 09/12/2022 08:17

Very little stock on offer early doors, suggests the drop is 'false'

Most online brokers are 'at best' on just £2000 of stock - IG have £5000 on offer then it goes to a premium.

In a nutshell the market makers do not want to trade.

[observer007] 09/12/2022 08:12

Has anyone noticed the sale of royalties for $18m by Trident today, they are seeking new acquisitions as a result, one suspects that ORR's Muratdere royalty position may be of interest, it could sell for £1.5m to £2m IMO.

[bspgamer] 09/12/2022 08:11

Placing coming that 600k is nothing, they must have running on fumes prior to that raising. 600k wouldn't put a few holes in the ground. This is pathetic

[dogsoggy36] 09/12/2022 07:56

At last someone with common sense.Loads of good news for 2023 as it is fully funding.The big question is will they deliver for 2024 without having to put down another placing for once.

[observer007] 09/12/2022 07:53

The news on Thani Stratex is no surprise, a legacy of the old BOD, I would have thought the carrying value would have been written down sooner, it has no effect on ORR's treasury.

In my view the cash position at ORR is good, probably circa £1m currently, with another £400k expected in Q1 from a tax rebate and the likely sale of the Muratdere royalty potentially around the same time.

I would suggest there will be no more dilution for at least 12 months therefore.

[bspgamer] 09/12/2022 07:24

Have a look at this if you want to make some good money DYOR Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that exploration activities have now commenced at the Pitfield Copper Project ("Pitfield" or the "Project"), located in Western Australia. These field activities will focus on under-explored areas of the Project and generate new exploration data that will add significantly to the Company's understanding of the size and nature of this potential Giant copper province.Highlights-- Pitfield has the potential to contain multiple sediment-hosted stratabound copper ("SSC") deposits across a 40km N-S magnetic anomaly (as announced on 21 September).-- Current exploration focus is on areas that were previously under-explored by major mining companies to further the Company's understanding of the size and nature of this potential "Giant" copper province.-- Highly experienced exploration team, led by Ed Baltis, mobilised to Pitfield to conduct field work including geological surface mapping and soil sampling.-- Further exploration field work, including IP surveying, is expected to continue in Q1 2023 ahead of an intended drill programme to evaluate the economic significance of any SSC deposit.Shaun Bunn, Managing Director, said: "I am pleased to report that we have commenced our exploration field work at Pitfield ahead of schedule, thanks to the efforts of our highly experienced exploration team. Having successfully put in place the initial land access agreements needed to commence surface exploration the team has mobilised to site to expedite the surface mapping and soil sampling programme at the Project, which has shown strong potential to be a new Giant copper province."The areas currently targeted are along strike from known soil anomalies, where high values of copper, silver and base metals have been identified from previous exploration. We expect that the results from our current programme will significantly expand the areas of high discovery potential ahead of completing surface IP surveys to identify drill targets beneath the surface metal anomalies."We have been keen to get our boots on the ground at this highly prospective new asset, and the exploration team are all eager to begin work as we look to prove up the presence of a new Giant copper province."

[bspgamer] 09/12/2022 07:11

Bad bad management

[bspgamer] 09/12/2022 07:10

Nobody listens to me

[terminator101] 09/12/2022 07:09

Just another nail in the coffin of this lifestyle pish.

[bspgamer] 08/12/2022 14:05

I made good money here, checkMy previous posts

[sclper] 08/12/2022 13:05

bspgamer - Your deramping plain and simple you have been at it for years. You find a entry then you start ramping. We all know your strategy ;-)