Oriole Resources Share Discussion Threads

[goldenshread] 29/10/2020 13:55

For those in doubt there will not be news from Senegal shortly should read the RNS from Chesser dated 13th October.



They have started drilling next to ORR with 1st results expected by November, these results alone will benefit ORR, outstanding grades have been reported to date.

Iamgold are drilling at least 10,000m at Fare for the ORR JV.

[goldenshread] 29/10/2020 13:27

This has fallen far enough in my view, now seriously oversold and due a bounce, do not agree about no news, plenty of news ahead.

Take the valuation of Chesser Resources who are on the same gold trend as ORR in Senegal, only 3km away, their market valuation has soared from A$8m to over A$100m

ORR JV partner have been drilling furiously right next to Chesser and results are expected, this prospect area is the best Oriole has in Senegal, expect some outstanding results.

Time to take advantage of the drop from the mid .60p's - remember ORR moves quickly !!!

[gamesplayer] 29/10/2020 10:41

Should there be an RNS re the new shares being admitted for trading? Or to put it another way, does the absence of one this morning mean that there is some issue?

[grimreaper2019] 29/10/2020 08:59

The last time the share price went through .60p it re-traced 50% in short time. Looks like history may repeat, if so that would take it back to around 0.33p.

[silverspoon2009] 28/10/2020 15:34

Looks like this could hit the .34p placing price shortly, markets are woeful and risk money is coming out.

[flashheart] 28/10/2020 09:12

They've already been forward sold mate so you'll be waiting a while lol.

[silverspoon2009] 28/10/2020 08:00

Great trading stock this, not interested yet, it has further to fall as the .34p placing shares hit the market.

[source] 27/10/2020 21:02

Hmmmhttps://twitter.com/africafactsafz/status/1321062158931759105?s=21

[gamesplayer] 27/10/2020 12:24

Date(s) for the diary - 4th/5th November: Iamgold Q3 update. May contain nuggets (pun intended) of information on Boto/Senegal.

hTTPps://www.juniorminingnetwork.com/junior-miner-news/press-releases/568-tsx/img/85134-iamgold-announces-dates-for-its-third-quarter-2020-results.html

[the skipper] 27/10/2020 11:32

For balance I am reposting the summary I made of the Q&A last week:

Key points:

In response to a question about the placing price looking too cheap given recent share price movements, the response was that the rise had been driven by the market recognising that the funds would enable substantial shareholder value to be realised through the drilling programme,hence the importance of shareholders supporting the AGM resolutions by this Sunday’s deadline.

As to when to expect drilling results in Cameroon the response was that the rig was currently being mobilised, the camp was currently under construction and they would be drilling in November. Full results should be available Q1 2021 but there would be updates as the rig progresses from one location to another.

In response to a question about news from IAMGOLD re: Senala license it was stated that IAMGOLD would be making an announcement re:their Boto license in the near term and were already hiring for project development.

Drilling is underway at Fare and would remain ongoing for the rest of this year, with results released at various stages of progress.

Submissions in respect of additional license areas in Cameroon are currently with the Ministry awaiting final sign off.Expecting to conclude at a meeting next month.

In respect of the asset realisation programme someone asked what’s left. The answer was all of the remaining Turkish assets and those in East Africa. In Turkey $1.4m is owed by a former partner and some progress is anticipated on that prior to the end of the calendar year.

Plenty of news flow to look forward to here in the short term imo.

[the stigologist] 27/10/2020 11:01

Value creation is different to price action numbnuts

[observer007] 27/10/2020 10:53

What I posted earlier was what I extrapolated from the recent GM podcast, it is as factual as possible in my view.

The bulk of the news-flow will not come until Q1 2021, given most AIM 'investors' work in timelines of weeks I simply pointed out the shares could go quiet, already volume has dropped off.

GM result now means 550m new shares (issued at .34p) will be filling investors accounts in 2 days, some will hold others may take profit.

For what it is worth I think the BOD are frustrated over the lack of news coming out of Senegal, Iamgold are in charge and ORR have no say, this is detrimental to value creation as pointed out by one question.

[juju44] 27/10/2020 10:34

Master of the pump and dump here

[gamesplayer] 27/10/2020 09:46

Link to the Q&A for those that haven't seen this

[shortarm] 27/10/2020 04:20

Been drinking Stella or something?

[observer007] 26/10/2020 20:59

Having listened to recent interviews it appears that we are entering a quiet period, the much hoped for asset sales have failed to materialise hence the placing at .34p.

The CFO revealed that pursuing the $1.45m owed in the Turkish courts will also be long winded.

Tim Livesey stated that drilling results from Cameroon (programme about to start) and Senegal are most likely to be Q1 2021.

Maybe momentum will build again in December as the market starts anticipating material news.

The share price simply does not want to comply with the sector bull market for whatever reason.

[grimreaper2019] 26/10/2020 12:43

Reasonable chart support around 0.36 - 0.38p, I reckon it has further to fall therefore.

Feel sorry for those impaled on the recent spike.

[the stigologist] 23/10/2020 11:22

Pump and Dump merchants left as quickly as they came. Chart looks like it just 'retested' the breakout level. I think on next journey we'll take out 0.6p hopefully with ease on back of news.

1 week to US Elections. Gold is a must have insurance to own surely ? Trump might need dragging out. Could be VERY volatile as a LAME DUCK even if he loses.

[the skipper] 23/10/2020 07:44

Thanks all. With management going out to Cameroon for a meeting with the Ministry next month they will surely be visiting the drilling locations, so I think we can expect an update and some pics.

If anyone posts on LSE board please feel free to do a copy and paste and don’t forget to get those votes in before the deadline at 10am on Sunday.

[drago] 23/10/2020 06:06

aye, us shareholders like pics and videos of something being done .
much better than endless months of nothingness when we get bored , believing nothing is happening at our expense.

[the stigologist] 22/10/2020 22:33

They should take a leaf from ALBA's book

Regular photo and video updates from the site

[iroquoi] 22/10/2020 21:16

Thanks skipper

[gamesplayer] 22/10/2020 20:43

Sounds VG. Thanks for posting a summary.

[the skipper] 22/10/2020 20:40

I’ve now received a recording of the Q&A for the AGM.

Key points:

In response to a question about the placing price looking too cheap given recent share price movements, the response was that the rise had been driven by the market recognising that the funds would enable substantial shareholder value to be realised through the drilling programme,hence the importance of shareholders supporting the AGM resolutions by this Sunday’s deadline.

As to when to expect drilling results in Cameroon the response was that the rig was currently being mobilised, the camp was currently under construction and they would be drilling in November. Full results should be available Q1 2021 but there would be updates as the rig progresses from one location to another.

In response to a question about news from IAMGOLD re: Senala license it was stated that IAMGOLD would be making an announcement re:their Boto license in the near term and were already hiring for project development.

Drilling is underway at Fare and would remain ongoing for the rest of this year, with results released at various stages of progress.

Submissions in respect of additional license areas in Cameroon are currently with the Ministry awaiting final sign off.Expecting to conclude at a meeting next month.

In respect of the asset realisation programme someone asked what’s left. The answer was all of the remaining Turkish assets and those in East Africa. In Turkey $1.4m is owed by a former partner and some progress is anticipated on that prior to the end of the calendar year.

Plenty of news flow to look forward to here in the short term imo.