Oriole Resources Share Discussion Threads

[ssrmb] 05/10/2020 15:35

Bit of late action.

[the stigologist] 05/10/2020 08:36

Good start. Not sure sellers clear yet but the pennant getting tighter. The upside could be explosive. Sense many of the STI stale bulls have grown a pair of balls or braincells by now.

[aussiebeach] 02/10/2020 11:47

From what I can see there are a stack of royalty companies looking to buy up decent royalty positions currently.

I think ORR's goal is to bundle up 2 or 3 royalty positions to get maximum value, they could get over £1m therefore.

A announcement could come at any time.

[observer007] 01/10/2020 21:45

They need to deliver a meaningful asset sale to demonstrate the value in the legacy suite of projects, so far they have only raised a meagre £200k in actual cash since they announced the asset sale programme nearly 1 year ago.

They have said the Muratdere royalty is the jewel in the crown, worth $4m in actual cash to ORR over the life of the project, it would probably fetch $750k to $1m if sold.

Clearly there has been a seller (confirmed today) with circa 35m shares traded today, the seller now under 3%, probably nearly out, a great chance to get in near the lows.

[the stigologist] 01/10/2020 21:18

Chart setting up in a big pennant. The breakout here could/should be spectacular.

V.happy to buy more in a placing as well
.
This is what the gold hunt is about

Alba 0.065 to 0.56 in a few weeks after their placing

[ssrmb] 01/10/2020 20:14

Our neighbors
hxxps://t.co/rgFCcQb0yr?amp=1

[trotterstrading] 01/10/2020 16:24

TR1.... Trinvest AB, confirming that it has reduced its holding in the Company to below 3%

[the skipper] 01/10/2020 08:20

Well that explains yesterday’s afternoon rise. Leaky Nomad or what? Still some of those grades are good so we shouldn’t complain too much.

[jayminpatel1] 01/10/2020 08:19

Results so good NOTAnother one for the binn

[juju44] 01/10/2020 07:59

Yawn . Market couldnt care less

[ssrmb] 01/10/2020 06:05

RNS out, still results for Djibouti, significant grades at depth.

[the skipper] 30/9/2020 22:25

I’m afraid I didn’t take many notes but the key message seemed to be that the company is seriously undervalued and a great investment opportunity. New licenses are expected to be issued shortly in Cameroon, followed by latest results from partnership with IAMGOLD in Senegal. The presentation showed the close proximity of the Senegalese tenements to those being developed by Barrick Gold, Randgold, Chester Resources and IAMGOLD with obvious implications for valuations.

The Fare prospect has the attraction of being developed as an open pit prospect by IAMGOLD and latest drilling results from that are due to issue in Q4 this year.Then the Brucie bonus ball of continued royalties and success based payments from the former assets in Turkey and potential future value realisation from non participation stakes in other interests including Djibouti and elsewhere.

In short there is a strong likelihood of a regular flow of news to keep the pot boiling and grow the market cap rapidly towards a more realistic valuation.

[wassapper] 30/9/2020 21:26

Rare to have the CFO on a presentation like that. I liked the fact that fiscal management, actually trying to make the pennies stretch further, and monetising non-core assets is a key part of what they have been doing. Keeps the need for fundraising further down the line. They came over as professional in all senses.

[the skipper] 30/9/2020 20:44

I thought they got their message across well, but I’m surprised no-one asked them about the reasons for today’s rise and whether anyone was actually watching from the USA and Canada. Maybe something is coming from left field....

[flashheart] 30/9/2020 19:39

Thanks for the feedback Robert.

[robertjbeck] 30/9/2020 19:36

Thought the webcast was pretty good. Impressed with Tim Livesey and has strong sector credentials. In my view not a share for day traders but building a position here should multibag on a two year view.

[the stigologist] 30/9/2020 17:55

Good candle on volume

[the stigologist] 30/9/2020 12:47

Zak Mir talking 1p as a target

Pathetic really

Either Senegal or Cameroon could be Company makers for ORR

In which case you'd be looking at 5p minimum IMO

[the skipper] 30/9/2020 11:09

Leaky ship here or what? Tonight's webcast should be interesting to say the least ;-)

[wealth_creator] 30/9/2020 10:53

The BOD seem to be addressing a new suite of investors in the US and Canada this afternoon - rather material one would suggest.

It may blow a few cobwebs away from the closet City spivs that have been short in this stock since Livesey was appointed in March 2018.

If the City wine bars were easily accessible in Canary Wharf I am sure there would be some celebrations :-)

[trotterstrading] 30/9/2020 10:42

Added another tranche this am. It now looks primed for a nice move up!