George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Hard not to be excited by Eileen's words. So much positive and the worst now behind us.
Debating whether to keep my shares in this because I do believe it will be the next GGP OR remove and bolster my crypto positions.
If ORR wasn't more or less guaranteed to be the next GGP I'd be tempted to warn against having too many eggs in one basket.
I mean my spread bet is equivalent to 70 grand of shares.
It feels like the MM contact Lanstead to try to take my 3K per point spread bet from me.
As when I make it safe they leave me alone, and in comes a 1.5m buy at 0.255p.
I was getting quoted that price at the time, since I spend all day every day checking the buy and sell limits.
I also have 27 grand in shares on H and L in Oriole.
Hey Kutzz we know as well as anyone here the SP has always been manipulated. There have been days with big buys and it drops for no reason. All the black shares that appear god only knows if they are buys or sells as the SP doesn't make sense from day to day. Why is the SP not regulated, who is it that has the power to determine if this goes up or down. Theres someone making a lot of money at this manipulation and its not anyone here. Maybe 1 day we'll get our money back. Lol
I prefer to end the day on 100 percent margin. As I would hate to be stopped out just before Oriole has a massive turnaround. I have already lost half of my inheritance on stocks in general, and this is why Oriole is now the only share I hold. As well as a few QBT on spread x that does not effect my Oriole.
Elon
its across the board on aim explo's,all my watchlist is well lower,except for one.
even one,where the bod have just bought £50k in shares,is lower?
A shame that such low volume causes such big drops in share price, with so much potential the SP remains suppressed.
Who knows if it’s Lanstead, the wider market or just Oriole in general.
Just got to wait for results to be due.
I had 10 grand in C4X Discovery that I lost 3 grand on, and then Oriole dropping.
I was forced to close just over a million in Oriole and to cut down my spread bet by 7.5K per point.
Therefore just take advantage of my misfortune by buying a few.
I'm not alone I hope, but feel it is getting worse in general...the manipulation, the trolling, the insider information...not just ORR but everywhere. There are so many rogue CEO's who get away with lying and not giving a damn about shareholders. I'm hoping the slide across the market is down a little to the end of tax year, people selling any profits they can etc... But at least (I hope) I can say the ORR board are decent guys. They respond to questions and whilst it has been a tough time getting to this point, think bit more patience will reward us.
The ironic thing is that faceless Lanstead, you know the ones that have a website with no individual names of sales agents, management or directors are probably reading this and laughing their socks off at us all as we speculate their position.
IF they were going to declare every 1% then they should have done so when they sold another 35m shares, dropping through 20% in the process, we all know they have probably sold 200m/300m shares as the total volume since 28th December has been 1.6b.
Frankly I do not know how they get away with it.
I suspect ORR management do not want to upset them as clearly they find the funding arrangement fantastic !
Imo Tim needs to show some teeth and put pressure on Lanstead to be honest and update the markets promptly in an orderly fashion, that they agreed in the terms of the deal.
Contracts have been signed and i wouldn’t think (but who knows with these ‘loan sharks’ if they’ve put in some clause).
Report Lanstead to the FCA to breeching TR1 notification rules.
As it is it’s clearly not forming a fair & ordinary market.
From the ‘Lanstead will declare every 1%’ interview on the 1st August -
Tim Blythe: ‘… can Lanstead actually benefit though by the share price being lower than the benchmark price rather than going higher?’
Bob Smeeton: ‘Lanstead make more money the higher the share price is. They’ve got no incentive at all for the share price to decline so they very much see themselves as aligned with the long term shareholders. They will do well when Oriole does well and Oriole will receive more money should the share price do well…’
I’ve tried to do some modelling to see how the deal could work for Lanstead. Obviously, I have no idea what Lanstead are doing but I have made the following assumptions: Lanstead sell an equal amount of their allotted shares every day for the 24 month duration of the agreement. Considering the subscription shares and the value payment shares and assuming 252 trading days each year (21 per month) then that’s pretty much £2M shares to be sold each day, as estimated previously by others. I’ve also assumed that the average sale price for these shares in the 21 days leading up to each settlement day is the same as the 20 day VWAP on the settlement day. Ignoring fees or any other costs then -
At benchmark price 0.2533p:
Share sales (21 trading dates x 2M): £106,386
Payment to ORR: £73,625
Lanstead profit: £32,761
At 50% benchmark price 012665p
Share sales: £53,193
Payment to ORR: £36,812.50
Lanstead profit: £16,380.50
At 200% benchmark price 0.5066p:
Share sales: £212,772
Payment to ORR: £147,250
Lanstead profit: £65,522
So, based on my assumptions, Lanstead monthly profit is £32,721 at benchmark price and, like the monthly payments to ORR, that figure increases / decreases with percentage change from the benchmark price.
I adjusted my model to see what the minimum number of sales Lanstead would have to make to cover the monthly payments to ORR. With my other assumptions remaining the same then they would have to sell around 1.384M shares each day for this. Gives an idea of how many shares that they have to retain to cover future payments and how many that they could sell whenever it suits them.
I had previously thought that they might try and manipulate they price to maximise their revenue from share sales and minimise monthly payments. I’m not sure that could be practically achieved or even worthwhile.
Perhaps Lanstead and our interests are well aligned. All we know is that by 28 December they had sold 202.4M shares. Equivalent of 2.024M per trading day up to that point (100 trading days) which is in line with my model.
The above is based on my understanding, is unchecked and could be nonsense.
Its really frustrating that you wait 2 month for news get a 10% rise then its wiped out with about 30 k worth of sells over 2 days even though there were just as many buys. It makes you wonder how this will make a good rise and sustain it for any amount of time.
Thanks Lanstead !!
ORR has never made any sense whatsoever. I would expect consistent inflows as the project is derisked.
The post by Schiehallion showing the cash input from the Lanstead deal explains why Lanstead are doing all they can to quell the share price rise, how many funding deals have Lanstead completed where they have had to pay MORE than the benchmark level, I can tell you hardly any.
No wonder they refuse to declare their position, if they did, as mentioned previously, their selling was at the higher end of expectations it would encourage bulls and they would be in deep dung for the remained of the agreement.
All one can do is buy these shares around current levels, the floor appears to be well in around the .25p level now, we all know how little it took by way of volume kick to move the SP to .57p in late January, it can happen again and will IMO.
Not taking too long to get the SP back down after a rise yesterday. No surprise there.
Do you mean - Unknown* ?
Jolly good!
Eyups...blue
@cekim, I don’t have the brains to work it out but I use tradingview which has a nice vwap indicator which I’ve been using to update a spreadsheet. I think Oriole should have received around £395k from Lanstead so far. I’m assuming that the settlement date is on the 18th of the month and have used the closing 20 day vwap from the previous trading day -
18 Sep - £32,380 (RNS 29/9 gives first payment as £0.03M - so correct ball park))
18 Oct - £26,014
18 Nov - £24,473
18 Dec - £48,860
18 Jan - £65,690
18 Feb - £112,777
18 Mar - £84,583
There should be some info in the final results which I’m hoping will be released this week.
Gold spot price $2191
Junior space is going to attract a weight of long money at some point
Since Q1-2021, the Company has completed four phases of diamond drilling at the Project for a total of 6,685.40m in 54 holes.
During the next field season Oriole will be drilling more than the last 4 phases combined. 3 months before the wet season starts so they are getting cracking soon.
We have a significant amount of results on the way, plus soil sampling and trenching at Mbe , hopefully followed up by a drill programme towards the back end of 2024.
This share has some seriously significant potential.
With Cameroon being greenfield exploration , the risk reward ratio is greater than that of a normal junior explorer. Oriole are bustin’ down the door in Cameroon.
£100mcap is achievable which puts the share price around 3p
Time to load up.
Why have the BOD not declared how much they have received from Lanstead then someone with brains could work it out. Nit me. Lol