Oriole Resources Share Discussion Threads

[the stigologist] 18/1/2021 23:18

Yes ORR has a much better location

The costs of Health and Safety in Western nations makes them economically awful high cost places to operate in. To sink a mineshaft in Australia costs about $1 Billion. That is what destroyed SXX Sirius shareholders

The other problem with Australia is high wage costs

Basically Africa is the place to be

[telbap] 18/1/2021 22:19

@stigologist........location, location location.GGP v ORRIt's why GGP is a 1.2b mcap.

[the stigologist] 18/1/2021 21:43

As OilPlayer has pointed out Reservoir Market Cap went up $77m when they announced the Cameroon 30km strike length

Very hopeful that the stacked zones we intend to drill will show some Grades / Intersections to justify something similar for ORR

So yes 2 Company makers and 10p certainly not out of the question

[jaspoland] 18/1/2021 21:13

Thanks Stig. 2 potential company makers. I think we know Senegal will deliver as there's gold all around them. If Cameroon comes in as well then you can start to see this being a multi bagger. GLA

[silverspoon2009] 18/1/2021 21:10

15p anyone ?

[thecashmoney] 18/1/2021 20:45

Think we are on to something special here . Can see the re rate continuing. 60.8 g/t 10 m is world class .

This is still valued at 20 m . Look at xtr got nowhere near this and 60 m cap.

I think we will be 3 p pretty quickly. Then loads of news to come and more.

Holding strong. Sold early on GGP and Eua look what happened there.This is going to be the next one.

[the stigologist] 18/1/2021 20:17

wowsers these exponential charts have a tendency to get well exponential

[everready1] 18/1/2021 20:05

JustyingDo you actually buy shares or just sit around in front of the terminal deramping full time? I am just curious as you seem to jump from one rising share to another deramping!

[everready1] 18/1/2021 20:03

Thanks for reply

[the stigologist] 18/1/2021 19:54

IAMGOLD have been sitting on previous drill results

Oriole/Stratex when they negotiated farm out probably weren't strong enough to ask for free sharing of info so now we're at the mercy of IAMGOLD

This sounded like a bit of a subtle kick up the backside

"Subject to the results of the AC drilling programme, IAMGOLD has planned a further 5,000m follow-up RC drilling and has also planned 1,000m diamond drilling to test mineralised intervals previously identified by Stratex International (announcement dated 9 November 2020). IAMGOLD is currently in Year 3 of its earn-in to an initial 51% interest in Senala and, under the terms of the option agreement, must have spent a further US$1 million by the end of February 2021 to keep the option in good standing."

[the stigologist] 18/1/2021 19:53

Investor Presentation slide 19

[jaspoland] 18/1/2021 19:44

Stig, where are you seeing that on IAMGOLD's website? Because I can't find it anywhere. Don't rule out an offer from IAMGOLD if the grades are good.

[everready1] 18/1/2021 18:56

What news on Iamgold is due?

[the stigologist] 18/1/2021 16:50

Great to finish at highs of the day

Expect news from IAMGOLD this week

Continuation move to 2p looks odds on

If drill grades/intersections are good you would not rule out 4p in short term

[the skipper] 18/1/2021 16:28

Strong buying at the days high going into the close..

[tomboyb] 18/1/2021 16:25

Had give a tick up to that last post -

[the stigologist] 18/1/2021 16:15

Apparently Senala is classed as a Discovery on IAMGOLD website

I strongly suspect now that ORR think IAMGOLD are in possession of material information which they haven't publically announced?

We could easily get to Chesser levels if news on grades/intersections comes out

[lenzcrafter] 18/1/2021 16:09

267 000 000 shares! Mental.

[tomboyb] 18/1/2021 15:44

Lets see where it goes -

Excellent volume -

[nishg] 18/1/2021 15:40

May hit 5p by end of this week..

[easwarareddy] 18/1/2021 15:29

2p today or tomorrow?

[saint in exile] 18/1/2021 15:01

Yes Xcap pretty deep indeed

[xcap1] 18/1/2021 14:42

Doubt itThey have already issued an rns this morning