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Saturday 27th. Mopani Copper Mines says it has started clearing the outstanding payments to contractors and suppliers following an inflow of funding from the mines new investor IRH. Mopani CEO and a representative from IRH have set a target to significantly reduce outstanding obligations during Q1'24. Also, the Mopani PR manager said, a majority of contractors who had de-mobilised their equipment had started to return to the mine sites after receiving payments.

Whatever the outcome for Luansobe is approaching.

There are always day traders who trade the event, it's the norm. Who, hang around for a day, two or three either to improve on their gains or are hoping for some sort of a recovery to reduce their loss, then post (brag) elsewhere how, after costs on both the buy and sell they made a whopping 6% or so.

There has been a noticeable change in activity with MM in the junior mining sector of late. Spreads are all over the place and daily SP movements do not appear consistent with daily volume or trades. The junior mining sector is in a depressed state, has been for a number of years and is overdue a recovery. MM know this and are doing what they can to generate interest. Good news if you are invested in this space.

As for politics and nuclear war, I also live near Lakenheath and can sympathise with your concerns however, Lakenheath was used for storage during the Cold War and advertising the resumption thereof at this time is brinkmanship.

Bought a few more today as news is imminent. Could be any project but the dark horse looks favourite. Mentioned twice in the XTR podcast when discussing a modified strategy going forward into increased copper demand, Zambia and generating value from company assets. Shinganda's initial drilling produced 50.3m @ 1.54% Cu from 21m and grab samples of up to 33.90 g/t Au. Follow-up aeromagnetic surveying highlighted three large clusters (A, B and C) together with the Shinganda Fault Splay system and a drill hole - 264.5m of alteration from 65.5m with variable amounts of chalcopyrite and pyrite mineralisation (XRF) could represent signature geology for an IOCG deposit/s. A major catalyst if proven.

The BCM Int Grp website is also worth a look.

A private, family run, full mining services company that can take 700 or so rock-chip/channel-chip samples in December, have the results returned and assessed by the 22nd January, 9 days before the deadline, in Africa or more importantly Cameroon, thereby completing the due diligence process, is top-notch imo.

UP, UP AND AWAY!

177 trades and 98M+ traded volume on a 'no news' day, Oriole is finally being recognised for all the right reasons and the true potential on offer here.

Oriole has legacy assets from it's former days in Europe and West Africa (earn-in agreement with Managem in Senegal) but the company's primary objectives are in Cameroon.

Location

Cameroon is a highly underexplored jurisdiction that recently underwent a radical overhaul of mining codes and cadastre to the benefit and advantage of the mining sector and in particular, exploration. The country's economy is dominated by commodity exports, oil, gas, timber, agriculture and with oil representing 40% or more, Cameroon are turning to metals, bulk, base, precious and the energy transition for it's future.

Commodity

Oriole's main focus is Gold. With the Fed's eventual reduction in interest rates beit inflation is now under control or to stimulate the economy against the impending recession or both, makes Gold the more attractive investment. Gold's safe haven appeal and store of wealth has lead Central Banks worldwide to increase their holdings in the metal to record levels. The Gold Price is at record highs and is forecast to go even higher this year and beyond.

Assets

The Cameroonian portfolio, CLP 9 licences, Bibemi and Wapouze cover over 4400 sq km. To the west of Cameroon, Mali, Cote D'Ivoire, Senegal, Guinea, Burkina Faso and Ghana, formerly known as the Gold Coast and Africa's largest gold producer have been a consistent supplier of gold discoveries. To the east, lies the DRC, another highly prospective gold jurisdiction hosting the 13-14M oz Kibali Gold Project and despite decades of minimal exploration across much of the country, is reported to have the world's 10th largest gold reserve. Cameroon sits at the epicentre.

Wapouze licence is set for a change of commodity. Bibemi has a JORC Mre upgrade to 375k oz Au, the first Resource of it's kind in Cameroon, together with the three prospects Bakassi 2 and Lawa East/West in close proximity could easily surpass one million ounces. The district scale CLP includes 75 km of the TBSZ, a major splay off the Central African Shear Zone and prospective for orogenic style gold mineralisation having already returned 134 g/t Au at surface.

Finance

So far, 2 licence area's JV'd for 50% apiece. Bibemi in the north and Mbe, one licence area and part of the CLP district scale land package in Central Cameroon

US$500k signature payment received for Bibemi plus a US$4M commitment from BCM for exploration.

US$50k deposit received for Mbe, the balance, US$950k to be paid in two tranches, one at the end of this month, the other at the end of Feb'24 plus a US$4M commitment from BCM for exploration.

Lanstead agreement providing Oriole with a monthly income for G & A, overheads etc until Sept'25.

Monetisation from the legacy assets.

Conclusion

If this was a game of Poker, Oriole would hold 4 Aces imo, LOCATION, COMMODITY, ASSETS and FINANCE..

Beardozer,

Couldn't resist it!

The year previous Q4'21, results were released on the 21st Jan'22. Next week a possibility.

Great to see. Oriole second on the Shares Risers at the close.

Not wishing to dampen your spirit beardozer, but if every investor agrees not to sell their shares the SP will become static as there would be no shares available to buy! Lol.

Cameroon and the next 'Gold Rush'.

Outstanding Lanstead shares (to be sold down) as of the 28th Dec'23 over the following 21 months equates to an average of approximately 1.84M/day. Traded volumes on news days have been around 100M of late. A regular (no news)day such as today, with volumes of 20M, a sell of 1.84M shares is of no significance. The Lanstead agreement, now priced-in and from this point on, is of little consequence other than to provide Oriole with a modest monthly income.

The market has priced-in the Lanstead agreement with the share price retreating to sub 0.1p and has since recovered to above the benchmark 0.2533p/sh.

Lanstead have already sold in excess of 20% of the allotted shares in the first 3 months, more than required and have therefore, built-up a reserve or buffer in the event of something unforeseen. They now have 21 months to clear the balance at a rate of their own choosing with the added incentive, the higher the sale price the more to Oriole and more to themselves.

The Runruno mine will be depleted at some point for sure, but the RNS does suggest the Abra project offers transitional or overlap with existing mine processing facilities and infrastructure.

From the RNS, last paragraph;

"If the company has the exploration success it is targeting, it will focus on developing a high-grade, small-scale gold production ready project as soon as possible as well as advancing it's other exploration targets (regional analysis of the underlying copper/gold porphyry systems)."

Runruno and Abra are 200 km apart. Epithermal veinlet gold systems are high-grade, 6,7,8,9 g/t Au and more and it is therefore not inconceivable to truck ore of this grade 200 km for processing. Purchase an ore-sorter for around US$750k, reduce the volume (rock) by 50% and increase the grade 3 fold, so much the better. Early revenues, cash flow, while evaluating the gold mining potential, underpins the copper/gold porphyry exploration and the 'Big Time!

Blue at the end of the day (bar one), another good sign. Could be more to come tomorrow.

The market is finally cottening-on to how good this proposition is.

Africa. Under explored Cameroon. 75 kilometres of orogenic mineralisation. 10 licences (CLP) totalling 4000+ sq km. Bibemi with a JORC resource. Wapouze (Cement). A Drilling Contractor as a partner. Cash (Signature payments). Exploration costs US$4M, paid for. And more.

Off the top of my head whilst sitting in this lay-by!

All 'looking good '.

Consensus amongst analysts see no major obstacles to Gold's continued upward trend for the year ahead.

Deutsche Bank are upbeat about Gold's prospects forecasting an average of US$2150/oz for the year and potentially exceeding $2200.

The Lanstead agreement perspective and drag or influence on the daily share price movement is of no significance. The average daily Lanstead sales volume equates to less than 2 million shares, sold by experienced traders who have a vested interest in maintaining share price value. Today's traded volume for example, was over 93 million.

Buy on the rumour sell on the fact, for those content with 10%.

The next 'Gold Rush' is in Cameroon!

JP Morgan forecasts US$2300 for Gold by mid-year.