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Topped up yet again at this ridiculously bargain price.
This has to be one of the most under-rated shares on AIM with massive potential to be a game changer for those invested.
Come on Eileen!
Aye that’s true. But then many folks were critical of Tim here. So they are getting what they wanted, a change of leadership. The chair is probably the largest single shareholder. If Tim has multiple work conflicts then perhaps someone new has more time to work on this. The key has to be out there winning new JV partners. This could be helped by stellar drill results this quarter.
Business as usual……
Although a token buy at any level from the new CEO would be a huge vote of confidence!
As we know it doesn't need an excuse to drop the SP here.
I don't see why this has to go down. It's not exactly an extremely complicated company. We have assets in Cameroon & Senegal that need priority focus, then we have some other legacy stuff to mop up. Tim is sticking around 30 days to handover. Tim has 41M shares, so if he hangs on to them (he exercised options in Jan) he can earn significant value out of this investment.
We don't have the resources to go and prospect for new territory, so going forward it is about bringing in JVs to Central Cameroon to date we have only had BCM. So there is a lot of potential out there and perhaps fresh eyes can do this.
Of course another leadership buy in deal like Eileen's would send the SP off to the races. Not sure when our closed and open periods are but I think now is a good time since we are 2 months away from the AGM!!
Thank you Tim, on the whole you did well and listened which is always good in a leader.
Welcome Martin. The job is to maximise the potential of Oriole and support Eileen, Claire who are instrumental in this whole Cameroon play.
I like the optimism but it's never good for a company stock when a CEO resigns and it takes some time for a CEO to build respect and trust. We're lucky to have Eileen otherwise there would be wild speculation to his reasons for leaving when HIS project is supposed to be at the most exciting stage.
Maybe he feels his job is done and just wants to be a shareholder. Either way, this is going down for a bit
Sometimes you have to prune to allow new growth.
GLA
Agreed, it would be nice to see the new CEO invest his own money proving he has skin in the game.
Ultimately he wouldn’t haven’t been employed if his values didn’t align with the rest of the team.
Eileen still has £200k+ of her money invested which is her main interest.
Whilst short term it may rattle the share price. Long term there is enough substance with the two JV’s.
Drilling is happening as we write and results expected end of Q2 (2 months)
Some new blood onboard could be good. As H5O said we believe the deal with BCM came via the Chair's former relationship. So ultimately the current status quo doesn't change.
1. We have exploration ongoing in Bibimi & Mbe this continues regardless
2. We have Senegal which is still unfinished so perhaps new CEO can bring a fresh perspective.
3. We have a central licence package crying out for more JV's ditto for new CEO
4. We have legacy assets (Turkey etc) that we have been waiting years to settle out.
Finally since the new CEO has no skin in the game it would be great to see him making a token buy, particularly at the level the current share price is. Nothing demonstrates confidence more than when a leader in the company puts their own money into the role and doesn't just take a pay cheque!!
All in all I think this new change could be good for the business.
Tim thank you or your service!!
First impressions the new CEO has an excellent background, remember it was Eileen Carr that played the largest part in bringing the JV to BCM.
I have been critical of TL for a long time, this move to me is of no concern, I would not be surprised if he takes a permanent position at MTL given they have acquired exploration licences.
With Eileen Carr in place you can be sure her interests are fully aligned to shareholders not withstanding her own £200,000 investment.
Wow. Tim Livesey steps down as CEO. Never saw that coming.
Troajan it is Blue!
The trade at 12:15:03 0.305 601,303 is my buy. It is not a sell.
Suppose the faster the news stream the faster the churn
Should be a whole host of investors that see the potential in this.
So Lanstead are 8 months into a two year agreement and have sold a third of the allotted shares and is par for the course. Using today's share price a 100% premium to the prevailing share price at the time (0.15p) and a potential placing Well done Bob Smeeton.
Yes, some good news will be needed to move the shares from Lanstead and out of speculative traders' hands, and into the hands of serious stake builders. Patience needed, but what potential !
So Lanstead have sold 351m shares in 8 months, going from 26.23% on 1st August to 16.99% to 26th April, this gives some clarity on the situation at least for the time being, they clearly do not declare every 1% move as the CFO suggested however so this matter can be put to bed infinitum.
The situation is pretty clear that their selling only effects the share price during thin volume days (do they target these I wonder) however the upside is if meaningful news occurs the share price can gyrate upwards significantly like it did on the JV announcement (to .57p)
In all I have to confess I thought they may have sold more, however to sell 351m shares in 8 months in a stock that is reasonably illiquid shows the SP has underlying strength with an ability to re-rate despite the Lanstead position.
The subject matter is now closed and investors can concentrate on operational news-flow moving forward.
It's the only true measure.
2.4m a day.
So 300m in 6 months. 150m a quarter. 50m a month. 12m a week for the next 56 weeks
We need good news / drilling results to churn through some volume.
There we have the fabled Lanstead update.
Another 150m shares sold (most likely in the last few weeks/month which explains the fall in share price).
Now that’s out the way, hopefully we can rise
Bottom drawer!
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, has received the below notification from Lanstead Capital Investors LP, confirming that it now holds 662,064,545 ordinary shares in the Company, representing 16.99% of the issued share capital. This includes 0.17% of dilution related to the warrant exercise on 23 January 2024, where certain Directors converted their warrants to shares.
18k buy 16.31 will that make the SP move up today?