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I think its options 1 and 3.
Also not sure how far we are with Assays that were awaiting clearance at customs for Thani Djibouti ?
I am also very keen to find out how far further mineralisation extends past Lawa West and East.
Results should start coming soon though. This week is on...
Got a strong feeling we should see good grades putting this firmly back over 1p and take out previous high of 1.95p
Cbax- I agree. We should get continuous news flow throughout the rainy season. Especially if IAMGOLD can pull their finger out and drill the 5000m at Senala before that happens.
It’s like getting blood out of a stone with them it seems
I do believe they have a rainy season and drilling stops around June onwards . Maybe if samples have been taken from drill holes that sampling and tests and assay result can continue to come anytime this year
I think it’s option 1 & 3. It’s only Monday after all and I’m sure we will here something before the bank holiday. It’s the eagerness to find out our end..... for better (or worse)
As you said last week. It’s a game of roulette but we’ve covered a lot of the table.
I can’t say I hadn’t thought about option 2. But when you read the previous RNSs I believe they state ‘results throughout Q2’. Hence hoping it is option 1 and 3. Though if you remember, they said the cores were being packaged up to be sent to the lab ‘by the end of the month (March)’. So not too long really. Plus as we don’t know exactly when they sent the previous core AND as per comments about how busy the labs could be, I am not concerned at under 3 weeks with no news.
In terms of option 2. One thing we can’t influence is what the core’s results will be. You can only manage your risk. For me I am more than comfortable with my risk and am prepared to gamble for more upside than reduce my risk. Some people will but in when the results are out, but obviously gain less.
Hopefully though, the lab has just been having to redo their tests as they’ve never seen such high grades and need to double check!!
Either way, we are another day closer to news.
GLA.
Kutzz 17:04, brilliant post ha.
Yep, no one knows, but we all hope for great news soon. GLA
This could be a de ramp or a neutral post. Then I’ll ramp at the end.
1. The results could not be back yet, hence we haven’t heard anything. Most likely
2. The results from 002/005 aren’t great so they are waiting to bolster out a bigger RNS to stop the SP plummeting.
3. We are being impatient.
4. I could be wrong and we will get something tomorrow.
I’m with MTM though, be nice to have news before the bank holiday. Feels like the calm before the storm, just hoping the news is good/exceptional.
Realistically though we should be getting results every couple of weeks which goes back to my 2nd point. Why haven’t we heard anything yet??? That takes me to my 1st & 3rd point.
Come on ORR. L.F.G
I noticed that the front page link to bibimi and wapouze has an error 404 message on the oriole website. I reckon that the page is in the process of being updated.
Not sure why people are getting twitchy here: if you’re just here for a trade, use the low volume/SP to take a position prior to news and if you’re a LTH, intraday movements are largely irrelevant based on the news flow which is going to be rolled out over the next 6-12 months...
There’s still time Axelrod.
As I said, I’m in no rush, but would like an RNS before the end of next week to either celebrate or commiserate with a few drinks over BH weekend.
Tempted to buy a few more at this level , think this is the bottom
Was a very exciting race!
I’m sure it will bounce back but crypto has taken a hit, maybe some more money going into gold, see how the Basel III plays out as that could be explosive for gold prices. We just need to locate some, I’m willing to wait but it would be nice living in the blue :)
Doing the same Kuttz. Not going to mention the result of someone hasn’t seen it yet, but that was a really enjoyable race.
Fingers crossed for Monday, and am happy with an intraday announcement to keep people on their toes :)
Happy Sunday everyone, currently sat watching the F1!
I’m really expecting news this week.
We have had good information from the company the last few weeks but nothing to really get this going. - That requires grades and good widths to light this fuse.
Not every hole will be decent but I’d rather that happen when we have shifted this SO higher.
Come on Tim and the team. Let’s be having some long gold pipes.
Axelrod/ BCB, I do think the news flow here will attract people back, we just need some above average, preferably stellar grades from the first few assay results.
Given the number of holes and location (northern Cameroon), I’d hope the rainy season doesn’t impact the news flow. We should be pushing out news flow from Cameroon throughout Q2, and in Q3 maybe doing more work before October’s rainy season. Hopefully the light rain in May/June given we are in the north won’t impact anything, plus I’m expecting the next RNS to confirm all 28 holes in Bibemi are done.
For Senegal if we get drilling done before June then we can be putting out results and moving the drilling rigs in Q3 during the rainy season so they can start drilling again late Q4 for phase 2.
My gut says it is around this end of Q3 period that any plans for 2022 may be announced along with any require raises or JVs. Obviously the quality of the grades will drive the SP but with luck on the weather we can be news rich throughout 2021 and then we just need those results to be strong.
Either way I am backing ORR and team to deliver some good news this qtr and don’t care if it is next week that we get some, but would really like something to come through the week before both the May BH weekends. Will then be able to have a drink to celebrate or commiserate.
GLA, hope BCB gets his share target before great news comes out.
I think now we will see investment incoming here.... Should be back to 1.2 to 1.4 range over the coming weeks.
Been a bit of a cash cow for the traders recently..... They will be back .. As it moves up and down with little turnover.
I am in this long term for Cameroon.... So have been adding on the dips .
I did sell my entire holding a month or so back to take advantage of a few opportunities elsewhere
I was sitting on the fence , now confident to jump back in Next week and add substantially to my small holding.
Conscious works will stop in the monsoon season but hopefully the assays will keep filtering through from the previous works...
My thoughts... We will have a district scale tier 1 licence area in Cameroon.... So the reason I am gonna position at 10m shares and sit on my hands is .... Major JV news could drop at any time... if it does this will be 3p for starters.
Its all or nothing here... but the important thing is its now on peeps radars...
Good luck All