Member Info for Benhowell459

All highly speculative of course but it shows the potential for a multi bagger in the next 6 months.

Part 2

- *Senala Gold Project*: Iamgold's interest in the project was sold to Managem Group for $282 million. Oriole's stake in the project could be valuable, considering its potential for gold production.

*Comparable Acquisition*

- *Chesser Resources Acquisition*: Fortuna Silver Mines acquired Chesser Resources for approximately $60 million (A$89 million). Chesser's Diamba Sud Gold Project had a resource estimate of 625,000 oz Indicated + 235,000 oz Inferred. Oriole's projects, particularly Mbe, show promising results, which could attract similar interest.

*Estimated Value*

Given the promising drilling results and potential resource size, Oriole Resources' projects could be worth ¹ ²:

- *Mbe Gold Project*: $100-500 million, considering its potential resource size and gold grade.

- *Bibemi Gold Project*: $20-100 million, based on its existing resource estimate and potential for further growth.

- *Senala Gold Project*: $10-50 million, depending on Oriole's stake and the project's potential for gold production.

*Market Capitalization*

Oriole Resources' current market capitalization is approximately £8.86 million. A potential buyout value could be significantly higher, considering the company's promising projects and drilling results ³.

Assuming a potential buyout in 6 months, Oriole Resources' value could range from £100 million to £500 million (approximately $125 million to $625 million USD), depending on the project's development, drilling results, and market conditions. This estimate is speculative and based on various assumptions about the company's projects and potential resource size.

I think it's even crazier that we are still valued under 10m GBP.

I have been playing around with Meta's AI function and asked the following:

What is the likelihood that Oriole Resources will be bought out in the next 12 months given the results at Mbe, Bibemi and also Senala?

A: The likelihood of Oriole Resources being bought out in the next 12 months appears to be moderate to high, driven by the company's promising drilling results at its Mbe and Bibemi gold projects in Cameroon and its Senala project in Senegal.

*Key Factors Increasing the Likelihood of a Buyout:*

- *Significant Gold Discoveries*: Oriole's recent drilling results at Mbe have delivered further significant gold mineralization from near surface, with nearly 200 mineralized gold intersections.

- *Partnership with BCM International*: BCM International has acquired an initial 10% interest in Mbe and is earning up to a further 40% interest by spending up to $4 million on exploration.

- *Growing Resource Base*: The company's Bibemi project has a resource of 375,000oz contained Au at 2.30g/t in the JORC Inferred category.

- *Increased Credibility*: The partnership with BCM International and the promising drilling results may increase Oriole's credibility and attractiveness to potential buyers.

*Challenges and Uncertainties:*

- *Market Volatility*: The mining industry is subject to market fluctuations, which can impact the attractiveness of potential buyout targets.

- *Exploration Risks*: Exploration projects carry inherent risks, and the success of future drilling programs will influence the company's value.

Given these factors, it's possible that Oriole Resources may attract interest from larger mining companies or investors looking to capitalize on the promising discoveries. However, the actual likelihood of a buyout within the next 12 months will depend on various factors, including market conditions, exploration results, and the company's strategic decisions.

Q: Should Oriole be looking to be bought out in 6 months time, what value do you think the company's projects would be worth given the drilling results publicly available and previous acquisitions by majors, including Chesser Resources.

A: To estimate the potential value of Oriole Resources' projects, let's consider the company's recent drilling results, market capitalization, and previous acquisitions.

*Potential Value Drivers*

- *Mbe Gold Project*: Recent drilling results have delivered significant gold mineralization from near surface, with nearly 200 mineralized gold intersections. Assuming a potential resource size of 120-250 Mt with 3.0-9.0 Moz of contained gold, the project's value could be substantial.

- *Bibemi Gold Project*: The project has a resource of 375,000 oz contained Au at 2.30 g/t in the JORC Inferred category. Its value will depend on future drilling results and development plans.

End of part 1

"Latest results, from hole MBDD012, returned 21.3 metres at 1.61 grammes per tonne gold from 2.4 metres depth. It included 2.5 metres at 10.31 grammes per tonne gold."

Just to link this in to the issue or artisanal mining we talked about before, this is an incredibly shallow result.

I would NOT be surprised if we have further issues and that some of this will be wiped out by artisanals. They have the location and apparently the legal right to be mining shallow deposits. There is nothing to stop them going 10m deep and taking half of what was reported today.

There has to be some certainty on this going forward. There has been no word from the BoD on how they plan to future proof the resource as it is currently being siphoned off. The dangers of drilling a new mining jurisdiction in Africa...

"Shame that’s things are happening so slowly with such little impact that the 750k quarterlies will be getting consumed more by fixed overheads"

…As mentioned time and time again why would CB speed things up when the gravy train allows him to rake in 100k every year for working barely 1 day a week?

There is absolutely no accountability here and he gets far too easy a ride at the AGM. I'm now too livid with the codger to turn up. Maybe that's what he wants.

It's 5 years and 2 months since we had a lovely shiny Prospect Ore labelled slide deck about BR. It's still the best marketing material for BR and you would be hard pressed to find it's worth much more in its current state than it was over 5 years ago.

Drilling at Silver king aside (where have those results gone btw - can't blame COVID restrictions anymore!), we are due some progress report (anything!) from Morocco, Western Foreland, Kakuyu and the dumps.

The man is an absolute fraud, doesn't give a solitary sh** about shareholders as long as the train keeps on rolling...

JBond - I agree about the detail

Timelines

Key milestones

Forward look for next updates

Key objectives and methodology for trials

It's almost such bad PR that it's intentional?

Https://www.bbc.co.uk/news/articles/cn7zngr6jn5o

We shall see if it actually goes to the right places..

Sareum: Here, Edison, write this for us please. (Sends email with key points to include)

Edison: Sure, here you go (publishes key points)

Sareum: Look at this great report by Edison!

Parker: Great review by Edison (pats individual on back).

Just get on with it guys. The sp is at 0.28p old money. The science moves forward but their managing of investors and the market as a whole is abysmal.

And for the record, I know it's all about the science. But who knows come late '25, we may need to raise again. Where will we be? 8p? (0.16p old money). The dilution would be catastrophic.

Much like the phrase "On Wednesdays we wear Pink",

Wednesday is a Xtr day. That's why most RNSs arrive on a Thursday.

GLR is Tuesday. AFP Monday.

Friday is rest day. No one needs to work 5 days a week. Completely unjustified. Even if you are earning 3 lots of 100k per year.

What a life. Wake up Bird, it's drill season!

Kutzz - I'm pretty sure as a very large shareholder, they would grant a request although where do they draw the line. I'd love one too but I probably have less than 10 % of your holding...

I do think ORR are doing something great in trying to build a mining environment in a brand new jurisdiction. This takes time. Knowledge needs to be passed on. Frameworks agreed. Mining codes discussed. We are incredibly lucky to have BCM - I wonder what kind of advice they have been providing...

This does look like it will come good at some point. There is no way this will be valued sub 20m GBP this time next year, especially with Landstead well out of the picture.

I'm feeling (touch wood) pretty confident with this one.

Haha. Good question NTM. No spare funds to shove in here I'm afraid - must be a mystery investor.

I also did say a while back I'm not going to put any more in here until Colin can prove he's able to deliver. Currently not a clear sign he's focused on building value here, rather like a bully hoarding all the oranges at half time. He's not going to do anything with them, just keep talking about potential.

He needs to deliver to get us past 1.3p. I hope he does.

Wouldn't want to.....miss the sunshine this weekend. Habe a good one!

If we are being steered, the big(ger) pharma will undoubtedly know we are NOT in a position of power. Funding runs out not long after the end of these tox studies. You have to say they may well have played a blinder if they have signed NDAs.

1. Longer tox studies will demonstrate we are safe for longer term treatment.

2. Longer term tox studies mean we use up more of our cash runway before any results of note can be released.

3. Sp will inevitably drift downwards in the meantime (because it does).

4. Sareum's negotiating position becomes even weaker if the sp has drifted back to 10p or so. (There are some who will day the sp / MC is irrelevant when discussing value of the compounds and this may be true. But if we are discussing takeover, the bigger fish will be stronger asking to buy out for less than 400m (pick a number, any number) if our MC is only 15m GBP.)

I wouldn't bet my life on full results being released before 2026 - it took us a whole year to set up some supplementary tox studies that aren't even in humans.

The longer we wait, the more danger of increased dilution.

All the above plays into the big(ger) pharma's hands.

Some would say trust the science, but we need to be in a position to deliver. You need to have a hand to make a deal. As DT says, you haven't got the cards.

The MASSIVE elephant in the room / possible mitigation here is the opportunities with 737. If Parker can do a deal with 737, we have the cash runway, we have less dilution, greater sp and therefore Market value and a better hand. Many have written it off but it could play a role in the next few months.

I will repeat, there is absolutely nothing wrong with the science. There is great potential. But how SP plays the next few months will determine if we see a 2 /5/10/20 bagger return to our investments. GLA and enjoy the sunshine.

Putting aside the discussion over delivery and poor Comms, there is a lot we do agree on SOG. The science here has tremendous potential and a ten bagger (minimum) here is not out of the question, if all the ducks line up, we have a bit of luck and the BoD are able to do a deal. (Many dependencies with this granted)

Have always wondered:

- How far can and are artisanal miners dig down.

- have we encountered them before.

- how do we engage with them.

It's not really been discussed on here but a brand new jurisdiction like Cameroon is always going to have issues with this, unlike in Canada or Oz.

Think Oriole should discuss this head on. How far down do artisan miners dig down. We have released news of reasonably shallow gold. Are they able to reach this? What steps can we take to prevent issues etc.

I know who has at fault but not as to the reason why and l have posted that on this board.

The fault lies with the MHRA.

I an not painting anything positive here just facts.

SOG, I don't mean to quibble but we have only heard the BODs view of this, via your conversations with BoD members.

As always, there are 3 sides to a story: ours, MHRA's and the truth. It is more than likely MHRA who were at fault here but only knowing our side of the story doesn't make it a fact that MHRA are solely and exclusively to blame. The implication of a lack of reply is that they are indeed to blame but that is not a fact.

"We" in most cases on this board refers to shareholders. I.e. those not privy to inside information.

One excuse mentioned below was that as a minnow in a dark world ruled by the big pharma, we cannot dictate the timelines. Suppliers, manufacturers, etc. are more likely to be flexible for big pharma than for us.

However, the one thing we are in total control of is our Comms. One thing which Parker assured us would be better. Forward looking statements with caveats perhaps. No caveats given at the investor meet. No explanation of possible risks although a strange explanation for the previous delay was given (dirty product was needed).

Greater Comms was also promised. In itself, that statement was terrible Comms because I haven't seen or heard a peep from anyone since then. They may hear but are certainly not listening. Hence the sp continued slide.

All the above may imply negativity. Talking of facts, agreement to do better Comms was made by SP. Fact. Improvement not forthcoming (weeks and weeks later).

Not to say I don't believe in the science. But delivery (on time) and marketing of the science has always been of poor quality.

Badsterman - why do we think they will make this particular self imposed deadline? What evidence do we have?

Years and years of forward looking statements, for a variety of reasons, all missed or the strategy pivoted entirely, for reasons we still do not know.

Phase 1b by EOY 2024. Pivot.

Phase 1 studies in the UK. We STILL do not know who or what is to blame here. Most blame MHRA but it's a missed deadline nonetheless.

You can probably count on one hand the number of times the BOD have made an accurate forward looking statement.

The evidence is their oral statements in interviews and investor meets are ultimately proven inaccurate and they fail to deliver on time.

That's what happens. Why would a leopard change it's spots. What's the definition of insanity? I think we're well past this with Tim and John's record. I'd be (very pleasantly) surprised if we did make this milestone. This isn't negativity, it's just learning from what's gone before. Their track record of TIMELY delivery is woeful.

Colin treats us like that quid he dropped down the back of the sofa.

Every so often he remembers he dropped it down there and plans to get it out but then decides against it because he can't be ars**.

Such a shame. We have so much potential but Colin has zero ability to deliver to even remotely acceptable timelines.

We should have had news on multiple fronts weeks ago. It's completely unacceptable how pi** poor delivery is here and that track record cannot be defended whatsoever, even less so defending the awful share price history. Both, of course, interconnected...

7 weeks since the Investor meet presentation.

In that session it was stated that tox studies would start in May. Haven't heard a peep since then. We are exactly half way through May. Hopefully we will soon receive an RNS stating that it has started. It would be extremely poor stakeholder engagement if the timescale had slipped (again!) only two months after previous forward looking statement. A reminder we thought this would have stated "early in the New Year" according to previous reports.

Second, SP said in that piece that he would up his game in relation to Comms (don't have a direct quote, others may recall this in greater detail). There was one mention of a trip to Milan. No interviews in 7 weeks. Sparsity of news.

Either they are incompetent (and things have slipped) or they are unable to comment due to NDAs etc.

It really is time to get a blooming move on or we won't have tix studies complete 18 months after phase 1a studies were finished, a statement I would have described as blo*** outrageous and impossible to imagine back in July 24.

One thing can be said, SAR holders have the patience of saints and DESERVE to be rewarded for propping up this company. Make it happen, Stephen!

Would love this to get to 1p. And don't see why it couldn't with another 10 of these style RNSs, decent Comms and Lanstead being confirmed as out.

We would need some more cracking drill results at Mbe similar to the 85m @ over 1g /tonne.

Anything over 50m in another direction at this site would be very very good.

Alternatively any more JVs announced or stellar news at Senala.

Not forgetting our historic interests in Turkey etc.

Many strings to this bow. We just need a little luck, some cracking drill results and some interest from majors. It definitely could happen, but probably not for another few months yet...

One of the (many) things Thoth said that stuck in my mind was when he said that 50% of diseases could be immune related. He explained there was so much we still don't know about the immune system and so much could be done if we could harness it in the right way.

A man way ahead of the times, in some ways.

The quotes from that article:

"She is cautiously optimistic about their potential, but also notes that the immune system is immensely complex...

The immune system is incredible,” Hubbell says. “It has a memory, and that memory lasts.”