Oriole Resources Share Discussion Threads

[observer007] 30/1/2023 16:15

The concern seems to be about the cash position - once again - they raised around £550k net in October so the bank must be running dry again.

The company has previously needed £1.2m to £1.65m to pursue drilling activity in the Cameroon, clearly that is unattainable at the current share price without hideous dilution.

I fear the market is running out of patience with Oriole, the share price is slipping away which makes any fund raise nigh impossible given that recent placings have hideous discounts in the sector.

They have diluted many times but surely they would not issue 1 billion new shares to raise £1m would they ?

[bspgamer] 30/1/2023 08:08

What is the cash position of the company at the moment, anyone know?

[tightfist] 30/1/2023 07:47

Yes, IMO an impressive update; not only regarding Au but also notable emphasis on lithium potential..Hopefully share price reaction to this RNS will mark the end of the inverted H&S chart formation that has been developing over the last seven months..About time too! tightfist

[base7] 30/1/2023 07:36

Cameroon looking good -as long as we live ling enough to enjoy any benefits arising

[itsmyshares] 26/1/2023 16:08

The offer rose after that 890K buy.
You need to dummy test to find out what is a buy and a sell.

[adi27] 26/1/2023 11:31

A bit of reassurance from ORR that things in Cameroon are still on track wouldn't go amiss. Well, if they have any?

[itsmyshares] 24/1/2023 14:15

Yesterday's news was a clever way to shake out the weak sellers.
Now it is looking like the selling has dried up, that will give the share price an extra boost on the next lot of positive news.

[adi27] 23/1/2023 16:52

Very naive selling out today, ORR's work with the Cameroon government will continue, they have so much to gain.

[itsmyshares] 23/1/2023 16:01

Ever since the vaccine there has been loads of sudden deaths.

[adi27] 23/1/2023 09:26

The news today seems to have rattled a few investors.

[adi27] 18/1/2023 08:45

Someone's taking an interest

[itsmyshares] 17/1/2023 21:48

Remember that gold has gone up over 80 points since Oriole hit 0.23p to sell about a month ago. The news coming should push Oriole to over 0.30p.

[adi27] 17/1/2023 20:35

Nice bit of buying today, and not many sells. Maybe a bit of news coming

[xcap1] 29/12/2022 12:00

Lot of the loose stock must now be mopped up

[xcap1] 29/12/2022 11:58

Chart looks interesting, if it breaks .24p next resistance is .32p

[langland] 21/12/2022 09:16

The fact that Iamgold wanted out of Africa has been in the public domain for sometime so today's announcement should not come as a surprise.

[geotrav] 21/12/2022 08:57

If Managem have paid hundreds of millions for the Boto and associated assets, you can be sure they’ll be aggressive in developing the opportunities.
I see no risk if the status quo remains and Managem take over the Iamgold spend commitment, only upside.

But are there other opportunities?

I can see only positives for ORR

[xcap1] 21/12/2022 08:35

Interest not licence

[xcap1] 21/12/2022 08:33

Quite simple isn't it , the rights and obligations to carry out the 4m spend by feb 24 will have to pass on to M unless under the current discussions (remember the target date for closing the deal is Q3 2023)1. M don't want it if so IAM will have to relinquish the entire licence back to Orr on a 100% basis 2. IAM pay 4m cash to Orr out of the disposal consideration as forfeiture and hand back the licence3. IAM continue to advance the prospect and spend 4m and pass the 70% interest to M by Q3 2023All or any one of the above are the subject of discussions hence todays rns

[geotrav] 21/12/2022 08:25

Anybody done on research on Livesey’s last company, Reservoir Minerals?

[highly geared] 21/12/2022 08:11

It could be good but equally, does this mean IAM stall on any further work in 2023 ?

[2prsimo] 21/12/2022 08:06

Aye, panda1 trying to spin it as good news on LSE

[dogsoggy36] 21/12/2022 08:01

According to someone on our chat who does often update us regarding matters.The directors at ORR are delighted with this buy out news.

[source] 21/12/2022 07:57

Please ignore. Reading it wrong! ??. Thought Christmas had come early! Doh!