Oriole Resources Share Discussion Threads

[space_dust] 16/2/2023 09:19

Is this the next VAST, moved up 400%

[aussiebeach] 16/2/2023 09:15

Can see another run into the .20p region, lots of news ahead.

Not much stock available online.

[langland] 16/2/2023 08:53

Max online buy quote is for 750k shares.

[broken_arrow1] 16/2/2023 08:26

Nothing much online this morning, price started to gain ground late PM yesterday, previous rallies have taken the shares through .20p

[luckyabbeygale2022] 16/2/2023 08:25

The same type of rise that happened to Vast will be happening here before the end of next week.

[aussiebeach] 16/2/2023 07:51

A JV partner for Cameroon is nailed on IMO, what major company would not want to be part of it, a new gold frontier, possibly another Tanzania.

Oriole hold all the cards with their first mover advantage and in country contacts, expect the deal to be a good one.

[flughafen17] 16/2/2023 07:14

Interesting post on LSE, if it all happens happy days ahead here.....






HawaiifiveO

For what it is worth I fully believe there will be a JV announcement in the relative near term, the reason being ORR have openly admitted for the first time they are seeking one for Cameroon. Clearly if they announce a JV it will be a game changer for the shareholders as it will end the dilution spiral.

I also expect ORR to sell their remaining stake in Senegal/Senala, the JV ends in March next year, by then the new owners Managem will own circa 70%, the minority position held by Oriole would be a nuisance to the major - I expect a deal where Managem will buy ORR out, historic spend by Stratex/Oriole is circa £7m - ORR would then retain a NSR interest. This potential scenario has been discussed in historic presentations by Tim Livesey (the CEO) - it is not without foundation.

In between these potential deals the Muratdere EIA will be announced, this will enable a sale of their royalty for $1.5m-$2m - the expected £400k tax rebate should come in April, or sooner !

In conclusion I see significant upside ahead, this is probably why the BOD have been happy to be paid a portion of salary in shares, I do not expect to see any more dilution if the above pans out - there is nothing in the valuation to account for corporate action at all.

With 2.7b shares in issue Oriole are valued at a mere £3.7m - if they can sell 30% of Senala for £6m-£7m (recover historic spend) + recover spend in Cameroon (circa £4m) cash inflow over the next 12-18 months could amount to circa £10m alone.

I have been building a position accordingly, the shares are in the gutter, but not for much longer.

DYOR etc.

[observer007] 15/2/2023 15:25

This is the mining event I refer to.

14 meetings on the 1st day, the event was over 3 days in total.

[observer007] 15/2/2023 15:17

ORR generally moves up when least expected, with 14+ meetings with major mining groups concerning Cameroon in South Africa recently one wonders if a JV announcement is imminent.

Oriole was the only company at the Indaba mining event which had interests in Cameroon, I found that very interesting.

[broken_arrow1] 15/2/2023 15:02

Very little stock available online all of a sudden - premium being asked for anything above £3k of shares currently.

A number of retail brokers are 'at best' only.

News pending ?

[aussiebeach] 13/2/2023 08:40

I suspect there are a number of initiatives going on behind the scenes, they are now clearly seeking a JV partner for Cameroon, this is the first time this has been acknowledged.

Any JV deal would almost certainly involve a forward cash payment to ORR which would cover their historic spend in country - a number of JV deals seem to offer this option recently.

The shares look cheap and it is quite hard to buy online in any real size.

[luckyabbeygale2022] 09/2/2023 08:09

Still a huge premium for £5,000 worth of shares.
Not sure why anyone would want to sell out at this price.
The fact that the MM giving well over the bid for a sell bodes well too.

[broken_arrow1] 08/2/2023 12:02

A large premium being asked for just £3000 shares currently.

[luckyabbeygale2022] 08/2/2023 11:36

From IG share dealing.
ORIOLE RESOURCES PLC
Current price 0.13 0.14
Quote price 0.1547
Order type Fixed price quote
Quantity 2851428
Investment
Commission
£8.00
Consideration
£4,411.16
Total cost £4,419.16

[silverspoon2009] 08/2/2023 09:12

Not into spread betting or cfd's, only use a couple of online brokers, both are not offering a fixed price quote in ORR currently.

I suspect they are filling an order and they will move the bid/offer in due course, if I remember correctly this happened ahead of the last spike up in the share price.

AIM is a strange market.

[luckyabbeygale2022] 08/2/2023 08:37

With spread betting and cfd's, premiums are never an issue. That is how I managed to get mine at 0.14p this morning.

[broken_arrow1] 08/2/2023 08:29

IG has £3k of stock at offer price then want a premium.

Most retail brokers are currently 'at best'

They usually make it hard to buy for a reason.

[silverspoon2009] 08/2/2023 08:04

Sod all available online at the moment.

[m1sterx] 08/2/2023 07:53

Imminently poised for another spike up, do not miss out, .24p / .23p / .19p were the recent moves from current levels.

Larger buyers were hovering late PM yesterday.

[mostyn] 07/2/2023 13:26

A JV partner would make a lot of sense. They have a significant ground position which needs to be explored and a JV partner would provide both money and personnel to enable this to be done. The more progress, the more likely they are to be in favour with the mining ministry and government. First mover advantage puts them in a very good position. With the ground they already have, my bet would be that they are an attractive partner for any major group, so the tweet is believable.

[thiopia] 07/2/2023 09:07

They are always talking a big game.

[observer007] 07/2/2023 08:04

Very interesting tweet posted late last evening from Oriole, they are seeking a JV partner in Cameroon, meetings with 14 major groups on 1st day of mining conference.

[broken_arrow1] 03/2/2023 08:25

Premium (.14p) being asked for just £3k of shares with IG currently.

Looks like it is about to move up.

[m1sterx] 03/2/2023 07:50

Two spikes to the .20p+ in over the last 3 months, another one is coming !

Time to get in, the pumpers are poised.