Oriole Resources Share Discussion Threads

[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.

[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.