Oriole Resources Share Discussion Threads

[space_dust] 23/10/2023 14:26

No meaningful news here for months, no wonder volume is a trickle, what on earth do they do all day ?

[induna123] 21/10/2023 06:37

A couple of big trades at the end. Was 9m a buy and the 13m a sell?

[observer007] 20/10/2023 13:34

As I posted recently the BOD have put in £500,000 of their own cash in this company by buying shares at prices way way above current levels.

There is nothing in the current share price for any positive news let alone the possibility of a very meaningful asset sale.

[aussiebeach] 20/10/2023 10:29

Managem Group recently acquired Iamgolds Boto project which sits right next door to Orioles Senala licence for $282m



Fortuna Silver recently acquired smaller peer to Oriole, Chesser Resources for the sum of circa £43m





Oriole currently holds 70% of a large licence between these two deals, Managem are now ORR's JV partner.


I have bought back in here as I feel the stake, diluting to 30% by February will be sold, a deal has to be done within the next 3 to 4 months.

The price has to be north of £10m, that is a conservative view.

[aussiebeach] 20/10/2023 09:20

Been in and out of this stock over the years and usually turned a decent profit.

The last interview was very revealing, CEO said a sale of 30%/40% of Senala was possible, he then added that $20m had been spent on the licence already.

The licence next door has recently been acquired for A$89m by Fortuna, so there is real value in that 30%/40% Oriole hold.

He then added they had groups that were interested in their stake.

Current market value of Oriole is circa £3m, that licence (which happens to be multiples in size of the one recently acquired) stake could be worth a pretty penny, many times the current £3m m/cap.

[observer007] 20/10/2023 08:41

Well all I can say is there are a number of near term catalysts ahead, the BOD seemed totally confident the share price would rise strongly after these catalysts are announced.

Current m/cap is only £2.9m.

[mrmcnee] 20/10/2023 08:26

A stock like this could so easily double out of thin air, it would only take a trickle of volume.

A punt at it currently is purely option money.

Could this be the next multi bagger one wonders ?

[twodegrees] 16/10/2023 15:09

We might have no share value by the end of the week!!

[observer007] 15/10/2023 18:42

So how much is Orioles 30% stake in the 470k sq km Senala Senegal project worth if it was sold ?

In the last interview the CEO said $20m had been spent on it, he referred to a nearby licence being sold for £50m.

A read through being circa £15m - current ORR market value is £3.5m.

[observer007] 13/10/2023 12:18

Meetings planned in Cameroon re potential JV/project finance partners and also discussions with the JV partner in Senegal, all this month.

[broken_arrow1] 13/10/2023 12:07

Something is brewing away today, for the first time in an age the market is asking a premium for modest size.

Currently asking .10p for just £5k of stock.

[grimreaper2019] 13/10/2023 11:47

Sentiment is on it's knees here with volume at a trickle, just the kind of stock that can be easily manipulated.

Bring on the pump & dump crew.

[broken_arrow1] 13/10/2023 06:55

Support seems to be building around current levels on the chart, it might be worth a punt therefore.

[thecoyone] 11/10/2023 11:11

To my reckoning the Chairwoman or whatever they get called these days Eileen Carr has now lost £100k on her £195k Oriole share purchase in April.

The idea presumably was to demonstrate the company had turned the corner in respect of dilution, this purchase was followed with the fabled RNS concerning 'project funding'

Then they decided to buddy up with Lanstead, consulted their 'advisors' the CEO suggested, well strike me down with a feather. Are these the same advisors that are only interested in their fees and hold no shares at all, of course they are.

Well Eileen now you know what Oriole shareholders feel like, totally pi$$ed with the goings on.

One thing you can be assured of with this crew is waffle, will Livesey and Co deliver a JV, project finance, complete a sale of Senala, well in FIVE years they have done nothing of the sort.

I suppose there is a 1st time for everything.

[observer007] 10/10/2023 19:51

I would like to think ORR has bottomed out but in these markets who knows.

They have a number of meetings this month both with the JV partner in Senegal and in Cameroon with potential new partners, these may or may not offer project finance for various licences.

I am somewhat bamboozled over Cameroon because the usually conservative BOD have continually suggested this is a new gold frontier, potentially the scale of Tanzania, if this is the case you would think majors/mid caps would be all over Oriole given their licences are deemed prime locations.

Who knows if they are within touching distance of a material deal, historically, under the old Stratex regime, the company had no difficulty in finding mid cap partners, however under Livesey they seem to be struggling.

One thing for sure, unless it is just waffle, the BOD has implied within months the Lanstead deal would deliver a meaningful return, for that to happen the share price needs to be 3 times higher !

[luckyabbeygale] 10/10/2023 12:27

The offer is now cheaper to buy on IG spreadbet than it is with IG sharedeal.
Spread betting is now the main way to trade shares, because the capital gains limit is going to be reduced from 6k to 3k.

The MM is now asking for over the offer price. Looks like we are about to explode.

BUY
ORR.L
ORIOLE RESOURCES PLC
Current price0.07 0.08
Quote price0.083
Order typeFixed price quote
Quantity1240000
Investment
Commission
£8.00
Consideration
£1,029.20
Total cost£1,037.20

[texaschaser] 10/10/2023 11:11

My packet of Orioles are worth more. At least they have some value with a cup of tea. I don't think this has bottomed out. Zero is the target.

[induna123] 10/10/2023 09:21

Like CMET this morning? You think ORR has bottomed-out?

[observer007] 09/10/2023 14:05

Everyone knows how quickly share prices of these tiddlers can move up from the depths, many recent examples such as VAST, PREM, EEE etc.

I feel the BOD are simply too conservative with their statements and too geologist focussed with their RNS's which are usually full of technical speak. What is needed is a more upbeat approach to these statements to attract a new audience.

It is entirely possible that Oriole could be sitting on tens of millions of ounces of gold in Cameroon, maybe even a world class discovery but their 1st mover presence is downplayed, their game needs to be upped.

News is badly needed to restore confidence here, have noticed some decent buys coming in nonetheless.

[one2go] 09/10/2023 07:16

A nearby company to ORR in Senegal has recently been taken over for £50m, only project being one gold exploration licence area.

ORR has 5 licences nearby, many have reported high grade gold in ground.

ORR is valued at only £3m, this is why this is a multi bagger in the making.

[one2go] 08/10/2023 17:19

This could be head of the high risers leader board shortly.

There is an easy bag here.

[geotrav] 08/10/2023 09:25

…?

Oh yea of little faith…

[texaschaser] 08/10/2023 08:48

Hate to break it to the board but