Oriole Resources Share Chat (ORR)

Based on previous pre RNS movements, I wonder if some more news is on the way?

I agree with Hunniford.

The old BoD which makes up 75% of the current BoD were all action.

All the money the company had went on advancing exploration Cameroon in the early days. This led to the JV with BCM and yes the Lanstead deal, which at the current state of play. Is better then a placing was/is

Martin, had good experience in Orioles next steps with mine development and whilst maybe has a different business acumen, it was Tim (geologist by trade) with the help of Bob and Claire that kicked down the door in Cameroon.

Martin will play his role just like Tim played a key role in Orioles development.

Eileen has also been huge reason behind Orioles success (in my opinion)

It’s a team effort for sure and I’m lucky the company is and has been ran by these lot (including Martin)

16k more buys than sells and it finishes red, is it any wonder this is still undervalued. When will this much talked about rerate start. So frustrating.

H5 I definitely respect the new management and had the pleasure of meeting him at the AGM but on the current timeline he hasn’t had a chance everything that’s going on now is from Tim, Bob, Eileen.

Perhaps Tim wasn’t a salesman, Martin could be and we need to give him the runway to work. But for ORR in Cameroon I believe that comes down to Tim & Claire. Happy to be corrected.

It was not me that told the market when the L deal was announced they would declare every 1% of sales, it was the CFO of ORR who clearly had no idea what he was talking about.

At no point did L state 'they confirmed why they don't regularly confirm their position' as GodofHellfire implied, nuts and bolts of this wretched outfit is they are despised by the retail investor community and seem to ignore declaration rules, these rules are designed to protect investors and a material shareholder like L should declare as it is a price sensitive matter.

The only reason ORR had to go down the L route was because the former management were all talk and no action, since EC came onboard (and now the new CEO) that has thankfully changed.

H5O - I don’t get your beef with Lanstead. They serve a purpose. No one was touching this biz before that deal. One could say that was down to the leadership not selling the biz etc etc. Bit given the information we don’t know. Regardless, the Lanstead deal kept this business afloat. Plus for those wishing the deal to be done and finished, that could mean the company has to raise more funds. So be careful what you wish for !!

Https://www.proactiveinvestors.co.uk/companies/news/1056522/gold-hits-new-high-after-federal-reserve-rate-cut-1056522.html

They confirmed why they don't regularly confirm their position. They said they legally only need to confirm their position once their bulk order has been completed. So if their bulk order was "sell 20% of our shares over six months" then they'd only need to declare once all those shares have been sold.

Could be later but still expecting the results from the Mbe - South trenching programme next week. (200m spacing)

The initial Mbe north results were exceptional for trenching. The south prospect is larger and had better early stage geology work so will keen to see what they are like.

Im guessing the second round of 100m spacing may be very early Q3 along with the next 12-15 holes of bibemi drilling

Once again I see L are not declaring their position despite nearly 4.5 months passing since their last update, I feel that was forced on them by ORR due to continued bulletin board discussion.

L really are a despicable outfit, 3 weeks ago I politely emailed them drawing attention to their declaration responsibilities, they never even bothered to reply.

My bet is they have now gone below 500m shares, dropping to just under 10%, a drop of nearly 7 % points, which has to be good news.

I expect more news here is imminent.

Interest rates likely to be held in the UK after cuts. Interesting contrast

US$2600

Gold makes $2600.78 this evening after a larger than expected Fed interest rate cut.

Https://x.com/orioleresources/status/1836034522426577154?s=46&t=_nigBHAcmev43MbB6y2J5w

Bl who

Great to see Oriole posting about the ever increasing gold price. New price high today.

https://x.com/orioleresources/status/1834594068556316845?s=46&t=_nigBHAcmev43MbB6y2J5w

Our own Martin Rosser bought in here in June at 0.354.

Would it be safe to conclude that the price now isn't really challenging at these levels? I think so -IMHO anyway.

GLA DYOR

Clingon BLUE

I'm expecting another trenching RNS from Mbe before month end. Not expecting anymore drilling results this quarter.

But I would really love a new JV RNS or an update on Senegal RNS with some positive news, that would be lovely!

Hands up if you think another RNS is imminent.

The share price is creeping up once again, market seems to be giving a clue.

More likely,

1/ monetary easing resulting in currency dilution.

2/ Fed interest rate cuts making gold the more attractive investment.

3/ tight US general election where gold could serve as a hedge against risk.

4/ geopolitical and economic uncertainty and gold's safe haven qualities.

5/ strong demand from ETF's.

6/ OTC physical demand.

7/ continuous (3 years+) Central Bank buying.

No point worrying on that. If it happened of which isvway off then they would not be alive to spend any money saved

Punters worried about WW3?

Up 42% since October last year.

US$2586

Forecast $3000+ next year.

Today will be blue blue blue