Oriole Resources Share Discussion Threads

[shrewdmole] 15/10/2020 14:00

that chart is looking like it could break out of the wedge.

higher lows all playing out.

next decent move could be to the 0.6p region.

[the skipper] 14/10/2020 20:17

One could equally argue that having a decent amount of cash in the bank puts them in a stronger position when it comes to negotiations over asset sales. The other factor in the BOD’s minds would no doubt be to avoid being in a position of having to raise cash during another market meltdown like we experienced in March and April. In the circumstances I think they adopted a prudent approach in the best long term interests of the company.

[observer007] 14/10/2020 09:30

This lot always had the tag of 'lifestyle company' alas nothing seems to have changed.

The size of the recent raise seems odd (over 50% dilution) especially as all year they were telling us their preferred route were asset sales.

It does look more about protecting their positions in fear of a hostile takeover, Tim Livesey mentioned this in the last webcast. I found that a strange comment.

Why should outsiders pay current levels when there are over 600m shares priced at .34p ready to hit the market.

One wonders if the raise may be voted down by certain shareholders?

[trotterstrading] 14/10/2020 07:28

Won't be long until ORR joins the party!

[ssrmb] 14/10/2020 05:34

Thanks Stig, will be an interesting compare and contrast. Can’t be long now!

[the stigologist] 13/10/2020 22:07

Just looking back at some of IAMGOLD's early BOTO results dating back to 2014

Grades not as impressive as the intersections

Certainly an interesting benchmark for when they drill Fare which has some relatively spectacular grades + intersections

Malikoundi Deposit:

Drillhole DBDD-2158: 8 metres grading 3.72 g/t gold
Drillhole DBDD-2159: 23 metres grading 2.53 g/t gold
Includes 2 metres grading 16.88 g/t gold
Drillhole DBDD-2171: 4 metres grading 10.67 g/t gold
Drillhole DBDD-2173: 20 metres grading 1.68 g/t gold

Boto 4 Deposit:

Drillhole DBDD-2150: 21 metres grading 1.45 g/t gold
Drillhole DBDD-2151: 17 metres grading 1.84 g/t gold
Drillhole DBDD-2154: 13 metres grading 2.12 g/t gold
Drillhole DBDD-2155: 30 metres grading 1.28 g/t gold

Boto 6 Deposit:

Drillhole DBDD-2165: 23 metres grading 1.03 g/t gold
Drillhole DBDD-2166: 54 metres grading 0.66 g/t gold
Drillhole DBDD-2168: 41 metres grading 0.83 g/t gold

[dogwalker] 13/10/2020 11:37

Let us know when you're invested here then, oilbuy. Thanks.

[oilbuy] 13/10/2020 11:13

Not invested here but 2018 is a different era than today.We are now in a PM,s bull run. Just give things a chance.Some many companys under the radar that will start to show a glimer of hope.

[ssrmb] 13/10/2020 10:39

Not working guys...!

[shortarm] 13/10/2020 08:07

Woof.Cameroon is the only possible saviour.....

[juju44] 13/10/2020 08:03

Livesey is just another dummy in a long line of dummies running yjis dog . If he was any use he would never have gone near it

[thecoyone] 13/10/2020 07:27

What an absolute dog of a share this is.

Final kick in the balls for anyone who was foolish enough to buy in around the time Livesey was appointed in March 2018, he promised so much but delivered zilch.

Issued shares when he was appointed 480m, now 1.5 billion, asset sales my ar$e, shares down 55% since his appointment in a massive bull market.

[greekhovel] 10/10/2020 10:44

The Board were clearly concerned about talk of stake-building/takeover approach - worried over their cosy 'jobs' - what better than scupper a suitor with a massive share issue at a hideously low price.

The market had been told by the CEO and CFO that the 'plan' was to deliver asset sales to quell dilution - the CFO said recently that they did not want to issue shares at the current low price - weeks later they dilute equity by 60%.

The placing was one of the most leaked in the market - forward sold by all and sundry - a major shareholder was selling down weeks beforehand to below a declarable position (see RNS)

No doubt there will be a plethora of Twitterati 'names' pumping the sh/t out of this for all it's worth - wanting to pass their .34p stock to mug punters - well good luck on that.

A slam dunk sell - this company is a rolling short - you cannot trust a word they say.

[ssrmb] 09/10/2020 09:49

hxxps://miningmaven.com/blog/1089-oriole-resources-raises-1-9m-renews-cameroon-gold-licences-ready-for-drilling-orr

Nice summary of the current position.

[ssrmb] 08/10/2020 10:25

Could hear more on Boto during the Q3 update, not long to wait. Hopefully drill results from Fare, Tim’s hot prospect will land before then. It was a 10,000m drilling campaign which started at the end of June so can’t be far off getting results through now.

Toronto, Ontario--(Newsfile Corp. - October 1, 2020) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") will release its third quarter 2020 financial results after market hours on Wednesday, November 4th, 2020.

CONFERENCE CALL


A conference call will be held on Thursday, November 5th, 2020, at 8:30 a.m. (Eastern Time) for a discussion with management regarding the Company's operating performance and financial results for the third quarter 2020. A webcast of the conference call will be available through the Company's website at www.iamgold.com.

About IAMGOLD

IAMGOLD is a mid-tier mining company with three gold mines on three continents, including the Essakane mine in Burkina Faso, the Rosebel mine in Suriname, and the Westwood mine in Canada. A solid base of strategic assets is complemented by the Côté Gold development project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in West Africa and the Americas. On July 21, 2020, the Company, together with joint venture partner Sumitomo Metal Mining Co. Ltd., announced the decision to proceed with the construction of the Côté Gold Project.

[aussiebeach] 08/10/2020 06:53

The renewal of the licences in Cameroon takes away any doubt about their validity, good news indeed.

Get ready for lift off, now funding is out of the way the shares are free to re-rate.

Note how the warrant accelerator is priced above 1p

[greekhovel] 07/10/2020 21:27

Probably one of the most forward sold placings on AIM

Disgraceful

[the stigologist] 07/10/2020 18:18

They gave a heads up on the Minexia platform thing in some of recent IR events. So some people would have already signed up.

Great finish today shows that the offering was genuinely over-subscribed.

The valuation already reflected investors fears over a placing so it was already 'discounted' within the price.

The chart set up is amazing going into 2 drilling campaigns in 'monster' discovery territory

Going to be a huge Q4 i reckon

[nicholasc] 07/10/2020 18:11

Different parties involved in organising the raise I think and looks like a few big orders were offered early doors which limited what was available afterwards.

[geotrav] 07/10/2020 15:29

No idea, sorry.

[sclper] 07/10/2020 15:00

Geotrav - Do you know why there was so little of the NRprivatemarket allocation available this morning after the RNS was released? Was the offer on the website yesterday after market close?