Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sounds like a plan, GoH. The quality/prospectivity of the asset is key imo.
P.s like how this is getting cheaper again so we can top up
Judging by his skillset he seems much closer aligned to where Oriole is right now and what it needs to "exploit". Also, the fact that Eileen had to use her contacts and the "exploration" phase has moved on and a relevant replacement was found so quickly, this feels like the board has made the decision based on what Oriole needs right now.
Whatever Tim goes off to do, I hope he stays in touch and maybe he can sell us something else he finds that we can "exploit" in the future.
Take aways from interview.
1. Has experience in mining engineering open pit mining etc.
2. Had a role in business development
3. Also had a role in the city working with brokers should help with connections.
Oriole doesn't have the resources to go and prosect new licenses or territory. So we need to focus on the current assets and legacy assets.
Going forward.....
1. Develop the relationship with BCM and keep that on track.
2. Try and get some kind of progress on Senegal that provides value to the company
3. Seek out other investment partners, so get the Biz Dev hat on and get out there and sell the potential of ORR
4. Sort out the legacy backlog, for example Turkey has been going to court for about 5+ years.
Also as everyone has said I'd love to see a token buy into the company to make a statement / gesture!
Best of luck in the new role. Look forward to the AGM and seeing what has been achieved and the plan going forward in just under 60 days!!
Martin draws on his previous experience to help the company In the new exploitation phase for Oriole.
Bibemi phase 5 drilling and moving towards a resource to mine.
An RNS showing a nice large directors buy is what this needs to steady the ship
Interview with our new man https://x.com/OrioleResources/status/1785968023863464403?t=wngsaltMR5r8RujIPtkBYg&s=09
Oilnovice
yeah,point taken and if i was to add a rule to the rule book,
it would be "for the bod,to invest in their own comps"
but that wont happen.lol.
the fact that,how aim comps raise funds,stops that
Perhaps Eileen wants our new CEO to concentrate on monetising some of our assets, get Oriole’s cash flow positive / beef up balance sheet.
Cement license off-take / royalty deal
Lithium free carry partnership deal
New JV’s in Cameroon
Senegal sale of stake or royalty %
Turkey interests
Elephant oil shares
But 100% agree, buy on open market now to show his interests align with everyone will show trust & confidence.
Troajan, yes, understood.
My point (albeit longwinded) was Martin needs to be happy with the money coming in from Lanstead and not start placings at large discounts... And he needs to take a decent stake in ORR.
Oilnovice
alexander mining and every other exploration comp,on aim and oilies
all survive on placings,so its not just certain bods that do it
its all of them.
some are worst than others,like prem/vast/gwmo
Agreed oil player.
I’d also like to see him take a significant stake in Oriole to prove that he is here for the right reasons.
Tim was a geologist at heart and had passion for Cameroon, ultimately wanting to discover a new gold district. You know he was here for the right reasons.
It’s only day 2 of Martin’s appointment but for me, who has significant skin the game. I want to know that his interests align with ours.
I never had concerns that Tim wanted the best for the company and share holders, some difficult times he was at the helm of Oriole but the forecast was starting to look a lot better.
I'm trying to do due diligence on Martin Rosser.
Yes, he seems to have links with the City and financiers, which could be positive.
He took Alexander Mining from c.2p to c.17p from mid 2009 to mid 2011.
For Alexander Mining, after mid-2011, the share price went from c.17p down to c.5p in 2012, then stayed in the 3p-7p range until mid-2014 when it crashed down to 1p in 2015. It then slowly and consistently dropped to 0.04p until there was a RTO.
In mid-2011 there were 135,986,542 shares and a MCAP of c.£23m
At RTO, there were 4,382,480,149 shares and a MCAP of c.£1.7m
Most of the drops were due to placings to raise capital for operational expenses. Some placings raised up to the equivalent of 50% of share capital...
You can make your own conclusions, but I don't think he cares too much for shareholders.
The good news with ORR is that we have the Lanstead Sharing Agreement which provides for operational costs until Sep-2025. Unless things take an ugly turn, this should allow the Board to focus on mining / JVs / and adding value.
What come after Sep-2025 may be different!
I'd like to see him take a significant stake in ORR to give us confidence that he doesn't foresee dilution through placings - like Eileen.
I feel one of the main issues that has held the share price down both currently and even more historically (remember even in strong markets ORR underperformed) has been the BOD's lack of understanding of the City, brokers and links to High Net Worth investors.
In the good old days, Stratex was cash rich, they had circa £30m in the bank at one point, when Tim Livesey took the reigns there was only around £2m left when it ran out they went cap in hand to a bucket shop broker with no understanding of the consequences, their ability under the regime of TL & BS to raise cash has been poor for shareholders, their timing has also been woeful.
Having looked at the new CEO one stand out is his experience in financial markets, clearly he has contacts, I think that will be exceptionally important moving forward, he will also understand the shenanigans of what goes on in a negative way behind the scenes concerning AIM, such as shorting/forward selling etc.
I very much doubt we will ever see a deal with Lanstead again as a result of his appointment.
In all I think the appointment will be extremely beneficial to ORR and its shareholders, I struggle to understand why the shares fell yesterday as a result of the news.
From the new CEO's Linkedin page...
' This is combined with twenty years' international financial markets experience in the natural resources sector in the City of London as a mining analyst, corporate finance arranger and advisor, and investor relations expert'
Https://www.linkedin.com/in/martin-rosser-a8273617/
Good luck Tim!
Bang goes another 7% just because they can. This is getting whittled down for no reason. Same amount bought and sold today.
It was clearly a joke coyote however I do hope the best for team, not sure why he decided to move on/step down. I hope he is well and it is nothing health related.
Seems a shame to lose him at such a pivotal and exciting time for the company however I’m sure Tim will still be heavily invested in what happens in Cameroon, not just monetary value but on a personal level as it’s been a huge part of his life the last 6 years.
All the best Tim.
Sarcasm is the lowest form of wit.
More buys than sells now so why is it still down 6.67%.
No leaving card but I do think we buy Tim a big box of confetti? About 3bn pieces to be exact….. after all that’s what most the share holders got….
Only joking.
Good luck on the next adventure Tim. Shame you couldn’t lead Oriole into the promise land, I feel this adventure is only just beginning.
So do we get him a leaving card? Not up to speed on the shareholder etiquette in such matters haha
Times change, companies evolve and people move on. Sorry to see Tim Livesey leaving Oriole Resources when on the cusp of a new and major discovery.
If your interest is 'pure exploration' then this is as good as it gets. Pioneering spirit, new horizons, the desire, ability, passion to get up, get out there and give it a go, in somewhere like deepest Africa and Cameroon with minimal prior exploration and data is exceptional. Good luck to him and his next venture. It will certainly be very interesting to see where he goes next!
It would be nice to see a proactive interview with the new CEO.
I’m sure Eileen and Bob will be steering this ship.
Also be nice if he dips his hand in his pockets, nice and deep and shows all shareholders , much like Eileen , Bob, Tim & Claire had done previously who have taken part in previous raises.
I noticed people say “some were critical of Tim on here”
… I wasn’t …and think he did a pretty good job.
You never know conflicting views behind the scenes, whether our financing partner sees things differently and that he then says “ my position has become untenable” … but it won’t derail anything and effectively (as long as nothing dodgy comes to light) it’s a good top up p0int on our already undervalued share price.
Markets never like uncertainty and therefore the drop … valuation point of view nothing changed from yesterday.
I wasn’t expecting Tim to leave but ces’t la vie.
Anyone know around background info on our new CEO and how Alexandra mining performed under his stewardship?