24-10-2024
Some very positive and sensible debate over on LSE concerning today's news, folks are suggesting with every announcement a stepping stone has been built to larger events.
One wonders how much longer ORR can survive as a listed entity, do you really think there is no major mulling over the potential of a new gold district in virgin Cameroon.
I am quite sure a takeover approach could some when least expected, that is usually how it works, Barrack seems an ideal candidate, if one recalls they bought out Tembo Gold for $100m in stage payments for their land packages in Tanzania, at the time a near 15 fold increase verses Tembo's then market valuation.
Basically Oriole is materially undervalued, the market is woeful but it also creates a buy in opportunity, something ORR directors have been doing historically.