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Thanks GREENEYED.
AC can you post a link to that article?
Very much under the radar.
The company states its a salable asset, so valued today at £4.8m - whats our market cap again ! Even if sold at a significant discount it is game changing and only one of our many assets!
https://mobile.twitter.com/OrioleResources/status/1166256695854678016
https://mobile.twitter.com/OrioleResources/status/1159485991847116805
Happy days, just a shame the licence timing has slipped but par for the course In Africa and probably very much outside of Iamgold’s control.
Not the best update? IAMGOLD work is always going to be subject to good results, they won’t continue if they are not finding the shiny stuff.
Tim plays a straight bat and commented
Oriole Resources CEO, Tim Livesey, said: "We are very pleased to see the excellent progress to date at Madina Bafé and look forward to the programme recommencing here and at Saroudia after the rains.
"The identification of yet more gold targets has expanded our area of interest in the south of Madina Bafé to a substantial 16km. The identification of a further 2km long anomaly several kilometres north of this, leaves us convinced of the more prospective nature of our Dalafin licence within this highly endowed geological terrane.
Should hear soon, here is a reminder (calculations based upon $1250!!)
http://www.iamgold.com/English/investors/news-releases/news-releases-details/2018/IAMGOLDs-Feasibility-Study-for-Boto-Gold-Delivers-Significantly-Improved-Project-Economics/default.aspx
https://mobile.twitter.com/KitcoNewsNOW/status/1155146105446793217
Have a look here:
https://orioleresources.com/investments/
https://mobile.twitter.com/OrioleResources/status/1149225307599249413
Does not take much to get this moving, well undervalued IMO.
https://mobile.twitter.com/OrioleResources/status/1147054587083444224
Bang on with this prediction, breached $1400 in recent days and is hovering around that level.
All good of course for Oriole Resources and it’s assets, GLA.
Due news now on Dalafin drilling stage 2 (Late Q2/ Early Q3).
If Boto mining licence drops (now overdue) at or around the same time we sill have a serious re-rate on our hands IMO.
GLA
Look at OMI, we should see some action like that as a minimum. So undervalued IMO.
Not that cryptic Gringo, the JV is ours with IAMGOLD. The map showing other gold operations in the area is taken straight from our latest company presentation, worth a read if you haven’t seen already. https://orioleresources.com/wp-content/uploads/2019/05/Oriole_Corporate-Presentation_15.5.19_compressed.pdf
https://www.miningreview.com/west-africa/oriole-resources-confirms-gold-potential-in-cameroon/
Did you spot the 5 million delayed buy from this morning, sneaky....!