Member Info for Benhowell459

Haha Bobbler. To quote / paraphrase a legendary KK...I would love it if we...

End up getting evidence of 1801 proving beneficial in a herd of sick animals!

Now if we could follow that up with a positive RNS next week before the meeting on the 23rd, the BoD won't have too hard a time.

If only we'd done a phase 1b trial *rolls eyes*

BoD could have been clearer in the RNS.

We will be reviewing liability and seeking funds back by way of reimbursement. Etc.

They will also have to be crystal clear on October 23rd about strategy.

If they try to restart another 16 week tox study, I'll flip out.

Who would have thought we'd encounter more issues. The cynic in me thinks someone doesn't want us progressed..

I agree.

There was significant downward pressure on the sp today and until around half 10 this morning there was no indication why. The big sell was obviously being few through throughout the day.

Up until the two lots of £10k sells at 10.52am (definitely sells as I bought 0.4p about that), there were more buys than sells yet we were 3% down.

Then at 1.28pm we have a 19k sell.

Buys continued to come in after that, and many more than the sells. And then wham, we're hit with the big one.

4 big sells. Outnumbered in volume by the buys but the size of those sells is worrying.

What do they know, just weeks out from the release of toxicology results?

Why sell now? It's absolutely bizarre.

Boils down to them being scientists (very good ones at that) and not businessmen.

These guys have faffed their way into phase 1, been persuaded for some reason (we know not why) to pivot away from phase 1b, and still not certainty over strategy - they continue to emphasise it's about on-licencing pre clinical and that ship sailed long ago (although now they claim to on-licence at early stage)

Someone mentioned we have Dr Owen who was involved in the Kymab deal. He was co-founder and chief scientific officer. Again, someone who was all over the science but probably not driving the deal.

The BoD have proven themselves to be led astray (RF, consolidation which was a complete waste of admin and legal fees).

All that being said, it is ridiculous that people are selling Sareum at 27m GBP, unless word has got out we have failed tox studies - surely selling would be greater...

Sareum MC at 28m as of 10.45am, 9th October.

4 years ago, we were 10x this.

Possible buy out you would imagine if positive tox studies (and chosen pathway by BOD) absolute bare minimum of 10x current MC, arguably minimum 15x current MC and possible projections (if you are feeling super positive) up to 30x current MC.

I have had taken another load of around 9,900 at 20.4. The possible upside here is ridiculous. For upside, read jelly and cream.

Just need Parker et al to show some urgency. As mentioned before, I don't want to be here in 2027 or beyond.

JBond - "Otherwise there is a grave danger Sareum looks like yet another Director 'lifestyle' company."

I think the danger was probably realised several years ago. We still haven't had a full publication of phase 1 we applied for initially over 5 years ago. There is no urgency.

And now they're talking about going down a new path.

1802 has been in translational studies for 5+ years? There's never any actual update about what that means, What's actually been done and what's left to do with that.

There has never been any explanation of why the pivot from phase 1b to extended tox studies. Some on here defend the BoD quite passionately - maybe they have inside information. The only thing saving parker and the rest of their skins is the science hasn't failed. Either their business acumen stinks or they treat us PIs incredibly poorly. Otherwise the Comms would be 10x what we're getting...

Agree lovelyjubbly.

Their pivoting in terms of strategy has not been justified (yet)

If the AGM comes around without a significant improvement in share price or funding from external sources then they need to explain why an 18 month delay / change in strategy was deemed necessary.

You can't just keep us in the dark. I do think on the whole there is too much acceptance that they know best and Parker's soothing words are accepted at face value..

I might come to the AGM this year - usually work prevents me.

Agree with others.

Parker (or whoever it was) hinting there might not be an AGM I'm 2025 was very misleading and got lots of hopes up (always the way), especially now we seem to have comprehensive plans for 2026!

It's taken 5 years to get us from application stage in the UK to a stage we still don't have the full journal write up of 1801, with god knows how much dilution along the way.

We can't have the BOD distracted by their shiny new project when they haven't even proven they can get 1801 phase 2 ready or even negotiate a deal (some may say there is a deal - we have no proof)

Get on with it guys - I don't want to be here in 2030...

We can still have an RNS tomorrow Cekim. Event isn't until tomorrow evening.

Zap.

Eureka mothballed.

Kalengwa proved useless.

Kakuyu has gone nowhere.

Chilbwe has been paused, despite us all saying at the time that news reporting legal disputes was extremely worrying. Lo and behold we aren't going anywhere.

You could also argue that despite over 10m GBP at Bushranger there is Zero interest as it is currently not a viable deposit.

I would like to know two things:

1. Why do you think Colin can be successful in future ventures when he has a proven track record of failure. It is almost 20 years since he found Kalumbila and he has had v little success elsewhere since. Judge a man on his record, they say. His record speaks for itself.

2. You say it's too early to judge current assets. What if we collect another licence in early 2026. Then go down a different route in late 2026? Will you come to his defence in 2027 saying it's too early to judge these assets?

Colin has been here many a year. The bottom line is he hasn't delivered what he said he would. He should be held accountable for the words that come out of his mouth and for the share price.

Mind you, he is not the only party in 2025 who is not being held accountable for their actions - maybe it is the way of the world (or always has been) that the rich and powerful can ignore everyone else, despite significant public / shareholder disgruntlement. Careful not to go too off topic here - emotions are high and rightly so imo.

Have a good day everyone - currently on holiday so shouldn't be worrying about Col. He sure isn't worrying about us!

1483m drilled and a grand total of 34m of mineralisation intercepted. I'm sorry, zap - how could you possibly spin that into anything remotely positively?

They've basically said they've found nothing. Move on. The assays will be buried deep in the annual report. I'd probably put money on it.

You could sum up the abysmally slow progress here with two parts from that report:

1. " Work continues to define the potential for a future open pit mining operation, as well as assess the wider licence area for concentrations of additional mineralisation."

Work continues? So nothing material in 6 months, then. Well done Colin.

2. (Worst of all) "On the 6 February 2025, Xtract announced an agreement to purchase dump material from several sites situated in the Zambian Copperbelt, for a consideration of US$300,000 to be funded from existing cash resources. It is the intention to conduct trial test work and evaluation of the material that is valued at US$1.15 per tonne and will be recovered from the sellers' sites in Zambia by Xtract."

They've done nothing in 7/8 months. Absolutely nothing. No progress. And before anyone says with their exceptionally rose tinted glasses, "These things take time," if they had actually asked someone to explore this option, the RNS would state "Advice has been sought..."

One phone call and you can change the line in the RNS. No work has been done. Or else he would write it.

The rest is not news. None of it is.

The progress here is utterly utterly abysmal.

Sh** or get off the pot, Colin - you probably spent more time writing that report than actual exploration in the past 3 months (Silverking was not that recent)

I don't really want to wade in but I just want to add my own thoughts on consolidation, based on recent experience. Quite justifiably, I have very strong feelings about this.

My other share, Sareum, a junior pharmaceutical company undertook a 50:1 consolidation in early 2022. The rationale was as following (quoted directly from their RNS, dated 4th February 2022):

"The Board is of the opinion that the high number of Existing Ordinary Shares (currently 3,403,470,791) and the low absolute share price, negatively affects investors' perception of the Company and considers the Consolidation to be in the best interests of the Company and its shareholders."

The company has progressed significantly since then, even completing a phase 1 clinical trial successfully, yet the market cap has fallen over 80% from where it was at the time of consolidation. The "high" share price only served to give more "room" to fall.

With all due respect, institutions couldn't give a rats ar** about the share price, as long as the company is making progress. The market cap is the ONLY thing that counts if they want to buy them out.

The only winner with consolidation, was, remains and always will be the financial advisors and brokers who facilitate such a move. There are zero benefits to Oriole now or in the future in undertaking a consolidation.

Hopefully we can move on from discussing what is, evidently, a completely pointless endeavour.

This time next year eh gameplayer..

The £19k at 12:09pm looks like a buy. Sells were going through at 0.4 and this was at 0.43.

The £37k trade at 10:40am at 0.4275 - any idea if this was a buy or a sell?

Regardless, we still have lots of volume. Much more than normal (possibly 10x what we normally have)

I sense a slight lull in proceedings so I've taken a step back to look at the big picture.

As of 9.10am, we have risen 72% since last week's close. We are around 50% down from our peak this week so several here will have got spiked. No one likes that - I myself got spiked at 1.17p a few years back. We are in a far better position now though so I wouldn't worry about getting back above 0.6p.

We rose 200%(?) this week off the back of:

a) the word bonanza

b) 6.15m at 19.67g/t Au from 113.50m, including 1.00m at 119.10g/t Au

c) 9.30m at 0.58g/t Au from 24.90m

Let's be real here - that's only 15m of mineralisation and that bonanza grade is only 1m.

We have had similar results before and (hopefully) will have further such results. The market may well be starting to recognise us. It would be good if we could get regular news in the run up to the MRE announcement.

F1 driver. They could be targeting 200m Oz - it's just made up fluff until the assays come back.

The comparisons are useful because it shows how UNDERVALUED Oriole is right now.

There is zero evidence of a viable resource at Red Setter at this moment in time. It is all hype and based on XRF info which is not the most reliable.

If you can evidence your claim that they are targeting (key word targeting - I was targeting Jennifer Aniston in the noughties, get my drift?) five times Havieron that would be great as I can't find such a claim anywhere in their RNSs.

"It's a big find. No doubt about it."

There is doubt. The assays haven't come back yet. You can't just say this is a big find with ZERO assays to back it up. The rubbish being spouted here is ridiculous.

33 million for zero assays. No wonder the sp is down.

When the crowd realise the Wishbone are about 2 years behind us (minimum) and have a market cap around 3 times ours, they will surely come over here.

Unfortunately some people are going to be spiked as it's being ramped to high heaven and all sensible discussion has disappeared over there..