Oriole Share Chat (ORR)

Everyone had the chance to buy when the SP was on its uppers! Can't comment on recent difficulties but if it's impossible to buy why isn't the SP higher? ORR investors ALWAYS sell into a rise so where's the rise to make it worth their while?

Yeah noticed the price jumping around a lot. I was saying to Kutzz last week if the price dipped back down again below .17 I would buy more and sure enough it has done over the last couple of days. So far I haven't had any issues buying, have been getting decent quotes from my broker.

Has anyone noticed how the market makers keep flicking the offer price around, it moves from .16p to .19p at will without any obvious trades going through. This is usually a sign of background activity, it happened a week or so ahead of the move from .9p to .21p.

At times you cannot buy at all, even small buys get rejected, it is very strange indeed, it is, once again, becoming harder to get a decent line of stock, usually a good sign but frustrating for those looking to get in or add.

One suspects more news is imminent.

"So we're still in discussion with the bank on whether or not they want to change (increase) their offer."

Times are improving for Oriole.

I felt the investor meet was very bullish and clearly a precursor for more news, as I have already suggested there is a very real possibility that they could sell their stake in Senala, maybe before February, did you hear TL be specific he actually mentioned mid February the JV expires.

My bet is discussions with Manage are ongoing, clearly their preferred option would be outright sale, note the comments about the project being a distraction of management time, the question remains how much would they get for their 30% stake? In my view it has to be north of £5m.

Finally ORR has become more concise and a far better investment proposition given recent JV news and a plethora of value events ahead.

The sector seems to be growing green shoots of recovery, so it is not unrealistic that ORR shares could be sailing back into the .50p-.75p range in due course, the bonus being no more dilution is expected - so even better !

Just topped up a few more million shares this AM, potential is immense, reminds of the early days of EUA, did well there unfortunately some didn't sell out near the top... could be looking at something similar here over the next 12-18 months

GLA buy low and sell high as they say

Post investor meet yesterday I think the following question and Tim’s answer certainly concentrates the mind:

Q13: What happened with the Canadian bank investment? Has that been closed after signing with BCM?

The Canadian bank had initially indicated that they were looking for a million dollars at 10% ownership and that was on 5 licences . BCM have come in on 1 licence and we're now looking at discussing with the Canadian bank whether or not they want to do something on the other 4 licences. Obviously there's a proximity play here now. Mbe is now US$5m investment - a million cash and 4 million in the ground exploration - for 50% so that values that one single licence at more than the Canadian bank's complete valuation on the 5 licences. So we're still in discussion with the bank on whether or not they want to change their offer.

US$2028

Interest rates seemingly having peaked with a rate cut forecast for March and no later than May next year, the gold price has remained so far, above the $2000 threshold. The impending recession or atleast an economic slowdown should increase the prospect of further rate cuts and weaken the dollar. Gold acts inversely to dollar strength. Analyst forecasts for gold for the year end are, US$2180, 2240 and even 2400. Times are improving for Oriole.

Haha sorry all, not sure what happened there. LSE, I blame you lol

I think Nesnoor may be feeling positive after yesterday's presentation...

Feeling positive after yesterday's presentation so topped up today.

Feeling positive after yesterday's presentation so topped up today.

Feeling positive after yesterday's presentation so topped up today.

Feeling positive after yesterday's presentation so topped up today.

When both drill programmes are up and running, there will be almost 20,000m worth of assays to look forward to over 2024.

There will be $8m spent on exploration on two licenses.

That excludes any value realised from Senala.

Results dependant but we’ve seen what other companies can do in this space with good results.

GGP, EEE…

Corporate update out today, 5th Dec.

Online Investor meet tomorrow with Oriole.

Good opportunity for Q&A at the end.

It is set to be stacked Q1. Bibemi , Mbe drilling and Senala JV update.

Keen to ask the BoD what is happening with Senala as we haven’t had an update for a while.

Fed aside gold goes up when there's uncertainty and Bitcoin is following with the dollar holding. The market is looking to safe havens so the market doesn't think things are tickety boo

New tweet from Oriole.

#BCM Technical consultant Bob Griffis reviewing #Bibemi diamond drill core during a due diligence trip in October. Following this visit, BCM signed a HoT with

@OrioleResources

for a US$4m investment into the #gold project.

I’m looking forward to both drill programmes in Q1

The FED looks at real rates when judging how restrictive monetary policy is. As the rate of inflation falls real interest rates increase. This allows the FED to cut nominal interest rates without loosening monetary policy. This is why the market is pricing in interest rate cuts next year and not because it believes something will break

The market is seeing lots of weakness in the data and the fed can't reduce rates for fear of inflation taking off again. So they will hold them for all of 2024 unless something breaks (and even then they may not). The market is pricing a break. The fed can't print because of inflation so if something breaks there's no medicine

Hopefully tightens up soon

Unless something drastic happens and they have to cut interest rates quickly.

Easing them down slowly shouldn’t be detrimental to the market.

I’m not sure something needs to “break big time”

Would it not just be a case that they get a grip on inflation, which is the reason they raised them in the first place.

With inflation easing, interests don’t need to remain so high?

I don’t see a massive “break” in that?

A high gold price means the market expects central Banks to cut rates .

For central banks to cut rates, something has to break big time.

If something breaks the market will sink.

If the market sinks it will take aim and the gold price down with it.

Then once the dust has settled gold will higher than ever again. If there's money on the sidelines and the worst over with, money will flood back into aim