Oriole Resources Share Discussion Threads

[geotrav] 09/3/2023 08:39

Have a little faith.

[geotrav] 09/3/2023 08:38

Seems to me they absolutely deliver - look at their track record of discovery in Cameroon.
The investors sell into any positive news, smashing the share price every time.

[observer007] 08/3/2023 15:11

Unfortunately the old chestnut about funding cannot be ignored, they cannot rely on the timing of the HMRC tax refund (estimated at £400k) can they, the treasury is almost bare again.

To shareholder distain they have never been afraid to place stock at ever lower prices, it really has been a wrecker of shareholder value.

An example of what dilution does to investors, back in the Stratex days (2017) a 2p share price would have valued the company at £9.5m, now it would value Oriole at £54m which of course is unattainable unless some major deal is announced.

The market is tough, they cannot raise below .10p unless there is a capital reorganisation, also likely a share consolidation with it, probably 1 for 100.

[langland] 08/3/2023 14:28

Interesting post the first sentence of which seems to be at variance with the facts. The last placing was in fact in October last year. Before that it was end June for just 300k+ and Before that in September 2021. So, I don't see how that ties in with 'about this time of year'. Perhaps you are out of practice since your last post was 8 years ago.

[fx analyst] 08/3/2023 13:56

I hope ORR are not considering another discounted fundraise / placing,the last one back in OCTOBER 22 was at 0.12p. I would be suprised if ORR can get that price again from the next placing in this current market and so long away from newsflow.Maybe that is why the MM,s have been so keen to keep it around the 0.13p level for so long.

As a long term holder i would be gutted if they do a fundraise under 0.10p as it could de-stabilse us again and alienate most of the new flock of holders that came in at the back end of last year at significantly higher levels than at present.

Im starting to lose faith in the BOD here,on what could be a great set of assets.

[geotrav] 27/2/2023 09:22

yet more good news from cameroun!

[tightfist] 27/2/2023 08:27

Gosh, it really is quiet on here. The market is a little more awake.....

[adi27] 24/2/2023 15:32

Friday beer money

[adi27] 16/2/2023 16:34

Nice finish

[aussiebeach] 16/2/2023 14:52

Buyers still nibbling away.

[adi27] 16/2/2023 09:49

News anytime

[silverspoon2009] 16/2/2023 09:27

Cannot buy, nothing offered.

[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.