Oriole Share Chat (ORR)

only 0.50 of a metre,but 1019 gt/au....an exceptional grade
https://www.proactiveinvestors.co.uk/companies/news/982958/shanta-gold-limited-on-drill-results-from-its-west-kenya-project-982958.html

we coulddo,with some of that

Share price go Mabooooooooooom haha

Have a look at what the neighbours are up to. https://www.chesserresources.com.au/projects/diamba-sud-100/

Chesser have about 700koz and a market CAP 5 times ours. OK they own 100% of their project in Senegal and we own 30% however look at all the surrounding projects they are all Barrick and IAMGOLD including Fare.

We're on that Northern Arc trend presumably that is why our partners are doing their widespread auger drilling on the Fare territory. Whilst we own 30% we already have a partner with processing assets in the vicinity so our time to a mine should be pretty quick once we have a sufficiently defined resource.

Plus a rough comparison with Chesser would imply our share price is almost half of theirs on a like for like basis calculated on the Fare resource alone. Is Chesser overvalued? Perhaps, but presumably IAMGOLD expect to add to the resource on Fare in this latest exploration plan so perhaps we are undervalued. Why else would they be paying to continue the exploration of Fare?

Occams razor/ If it's got webbed feet and it quacks then it's probably a duck.

IAMGOLD think so, Eileen thinks so too as does Beardozer.

Whilst nothing is certain yet It's difficult to bet against them being right.

GLA DYOR

A blue start on a rocky market day so I too have high hopes here. Having held when they were Stratex International Resources of which I'm well down on, I too am confident Cameroon will deliver. Turkey project is also exciting. So have bought in to reduce my average price, so it will be a winner.
I am shocked Griffin Mining has dropped today after their strong recent results.
I also notice a good recommendation today in CITYA.M. on Pure Gold Mining, so excited there too.
'' Pure Gold Mining is closing a $30 -$40m payment later this week, which will secure the bulk of it's funding gap, identified earlier this year. Analysts at Peel Hunt said: '' With Operations Now Looking Forward To Have Stabilised At The Mine, Costs well Under Control, And A Strong Grade Control Programme Underway, PURE GOLD MINING Looks Set To Deliver On It's Potential.'' It has kept it's buy stance, with a target price of 75p.

For any newbies to this share malarkey there is no point showboating on here, there is always someone that will suck the life out of any glimmer of joy you may have with positive thoughts due to an RNS release

84,855 posts
Dear oh dear enjoy your day.

https://www.proactiveinvestors.co.uk/companies/news/982925/oriole-resources-completes-major-sampling-programme-on-cameroon-gold-licences-982925.html

soil sampling,isnt an sp mover,by the way

Thought I would change the thread title:

Highlights

· Sampling of the remaining four 'Priority 1' grids is now complete for a further 3,114 samples (including QAQC);

· Samples for Grid 2 and Grid 4 have been dispatched for analysis and results are anticipated by the end of Q2 / early Q3;

· Sampling has also been completed for a further 1,239 samples (including QAQC) over an extensional grid ('Grid 6') at the Mbe licence, along strike from where the Company previously reported a best result of 838 parts per billion ('ppb') gold ('Au') from a circa 11.5 kilometres ('km') anomalous gold-in-soil zone (announcement dated 14 March 2022);

· Multi-element review of the pilot area has identified a number of pathfinder elements that will aid future targeting;

· A technical study is underway to compare laboratory and handheld X-ray fluorescence ('XRF') data to help reduce the time and cost of multi-element analysis going forward;

· Geological line mapping over the Mbe anomaly is approximately 70% complete;

· A further licence, 'Maboum', has been applied for to the east of the CLP and is contiguous with the existing package. The licence application is now live on the Cameroon Mining cadastre;

· A series of maps and images can be viewed at the following link:http://www.rns-pdf.londonstockexchange.com/rns/3457M_1-2022-5-22.pdf

Oriole Resources CEO, Tim Livesey, said: "It's great to see such good progress from our early-stage sampling programmes on the eastern CLP prospects. The field crews have been busy with mapping and sample collection - the boots on the ground de-risking that every project requires in the early stages of exploration - trying to cover as much ground as possible before the rains restrict access.

"Orientation work, utilising multi element data, is providing interesting leads, and the potential for identification of overprinting mineralised systems adds a further layer of opportunity.

"Through this work, we are seeing yet more evidence that this package of licences has great potential to be a new gold district.

"With ongoing mapping, and more sample results in the pipeline, we look forward to updating the markets as we continue to unlock the Project's exploration potential."

Thoughts, blue day?

RNS OUT

Yesterday I increased my holding by 34% by buying 555,555 shares having been inspired by an earlier 4m buy but today momentum has stalled. It struck me that a $1bn company like IAMGOLD would not be wasting their time with ORR if they didn't think it was worth their while. Looking forward to 25p per share in the next Gold Rush.

eyups...blue

wonkeydonkey
ok cheers,i didnt really have a good read

kutzz
yeah,i dont blame people,i see this all the time on explorers,both oil/gas and miners
theyre a mare.
anyway,you know what ime going to say
buy on the dip.lol..which ime struggling,to keep up with.
a bounce,cant be far off

Research note out from Shard… seems bullish.

https://wp-orioleresources-2020.s3.eu-west-2.amazonaws.com/media/2022/05/Shard-Capital-ORR-18-05-2022-Fare-option-R.pdf

Troajan, I think what they mean is how they structure their ownership.
They’ve already started spending the next lot of cash ($4m to go over 2 years), so it doesn’t look like they’re walking away!

It doesn't make it much easier to swallow, but the rest of the market is suffering a similar fate, including companies with a lot more going for them than ORR. Sentiment is very poor, there isn't much good news out there re the global economy, POG has retraced its recent gains, and all the talks and signs are about a bear market.
There is simply no way that little old ORR is going to perform in this kind of market. We're going to have to wait until sentiment returns and can only hope that POG does make that run to $2400 that the gold bulls have forecast for H2 of 2022. That kind of macro environment should lift all boats, including this sinking one. All IMO

Well said indeed

Take care Kutzz

I’m signing out mate. I don’t care about the Bibemi’s results or these results. I’ll check in at the end of the year.

Looking at this just ****es me off and it’s no good for myself or you lot. Misery needs company and that’s probably why I vent here so much.

All the regulars are really sound and I hope you’re all still around when I check in next.

Take it easy,

Kutzzz

Jackbal - think I’ve said that and so has MTM.

I was up on this at one point as well. Never did I expect we would be down at these levels, approaching the teens with a placing lurking in the shadows.

BoD should pat themselves on the back though. Yeah the market sentiment is rubbish but this has outperformed everyone in the sector, I’d be happy if you stopped wasting time with Bibemi which so far has delivered average results and focus on Mbe.

I think they’re on modest 6 figure salaries, I wish I had a job where the outcome of my performance at work had no effect on my job and I earned that much.

Yeah fxxx it was a bad bet on my part. Should have walked away with the profits from the first pump.
Got greedy, lost my critical senses, my fault.
Leave it in the drawer where I put my lotto tickets and have a punt after the dilution occurs if I can buy below it.

I just wish Bod could acknowledge the failings as simply ignoring them or dismissing them leads to the SP action we are seeing and makes them look like idiots. Not a good look for custodians of our money.

How can you fix a problem (in this case the cap structure v funding requirement) if you don’t acknowledge it exists. Someone said doing the same thing over and over and expecting a different outcome is insanity.
Can’t remember who said it but it’s sums this up perfectly.

If the SP was correlated to their salaries, they wouldn’t be so chirpy.

Timescales in years, renegotiation of 51% Iamgold arrangement (route to formalising 51% interest currently being reviewed, lol), testing already identified targets, yawn.

Haha f**king hell. Im done. What A wet firework but also this is a average update. Don’t expect much in the way of getting your usual grades for this. They are sampling two sections from each drill hole.

Usuall sub surface so down to 25m to test extension. Remember the whole AC drilling campaign and everyone expected blockbuster result and the whole point was to achieve something different with a different format for result, well this is the same.

Don’t expect any fireworks from Farè this year. Maybe A larger footprint but definitely no closer to defining a JORC.

9 trades on an RNS day shows the lack of interest.

The BoD must be as f.**led off with the SP as we are, they just can’t say that. No one wants to dilute the Shares by 30% but they have to appear to be upbeat.

This years spend at Farè is definitely not what I expected. I’m actually tuning out.

F**k ORR. Maybe in a few years I might get my money back.

cekim
my wholewatchlist,on the mining sector comps is the same m8,there's just no love there.
other than vast and it looks,like the uptrend,is well broken..atm