Member Info for Coyote2020

Is it possibly the constant fretting or negativity this company has received on this board over the past two years or so, may well have contributed to a declining share price?

Apologies for not dancing to the common theme, but I see it differently. I've read this board often and constant fretting is all there seems to be.

CAMEROON NEW FRONTIER FIRST-MOVER ADVANTAGE

It is for sure a bold move by Oriole.

On August 16th, 1896, George Carmack followed a suggestion from a Canadian prospector to look for Gold in Rabbit Creek, a tributary to the Klondike and gold in huge quantities were duly discovered. Word got out and by the end of the month, all of Rabbit Creek had been claimed by miners. Discoveries continued with even richer sources from tributaries feeding Rabbit Creek causing a stampede of an estimated 100,000 people trying to reach the Klondike Goldfields. No easy task, they were only allowed to travel if they had a years supply of food, around one ton in weight, transported on foot, mule or horseback.

The California Gold Rush circa 1849 when James W.Marshall found gold at Sutters Mill brought 300,000 to the region. With no easy way to get to California, the forty-niners travelled by sea from the east coast around the tip of S.America, a journey of 18,000 miles taking 4-5 months. Alternatively a route through Panama taking mules and canoes for a week into the jungle, then wait for a ship on the west coast bound for San Francisco. Result, a sudden influx of gold into the money supply chain reinvigorated the American economy.

It doesn't take much to start a 'Gold Rush'.

Cameroon, untried, untested, untapped, the country remains heavily underexplored with little in the way of resource mining data. Reliant on commodity exports such as oil and gas, now at it's peak, the country is turning to metals (bulk, base and precious) for it's income. The CLP is in prime location lying across 75 km of the TBSZ, a major splay off the Central African Shear Zone. Preparatory work sufficient for a drill programme this season and the much quoted phrase "the drill-bit speaks the truth", the investment case is compelling. Realisation is not far away and although funding, an arduous task especially in this climate, it doesn't take much to get noticed. A modern day Cameroonian 'Gold Rush' beckons.

So you'll have to wait. Talk is cheap but idle speculation is even cheaper!

Orogenic Gold deposits have produced 30% of the world's gold. The Victoria Goldfields in Australia, host to 88 million ounces with another estimated 75 million ounces thought to be undercover. The Kedougou-Kenieba Inlier in Senegal-Mali, West Africa and the location of the Senala licence, host to 45 million ounces. The Flin Flon Belt in Canada, an area of only 250 km × 45 km host to 25 operating mines mainly for copper-zinc with 3 for gold-silver. Cameroon could be next.

CAD$180M is over £100M.

With one good drill hole from a maiden drilling programme, Oriole could have an equivalent market capitalisation. A 25+ bagger from just one drill hole!

Disregard the noise. DYOR.

for context, (tsxv:nfg) new found gold corp's queensway gold licence area is a district scale orogenic gold exploration project of 1662 sq km with over 100 km of strike/fault length and had minimal historical data.

orogenic gold deposits are formed within the earths crust during a period of tectonic collision and mountain building. exceptionally high-grade gold mineralisation can form when large fault systems open-up during seismic events allowing deep-seated gold-rich fluids to rapidly ascend towards the surface. as these fluids rise, they undergo chemical changes and begin cooling causing spontaneous precipitation of metallic gold along with other minerals including quartz and sulphides. (dr *****on hennigh)

after two years of reconnaissance geochemical, geophysical and structural analysis generating 17 high-grade gold occurrences and zones, a maiden drill programme of 10 holes totaling 1985 m commenced in nov/dec 2019. best result was from the first hole intersecting 92.86 g/t au over 19 m (17 m showing visible gold) from 96 m including 285.2 g/t au over 6 m. an outstanding result.

a private company at the time, ipo'd in august the following year raising cad$27.3m for a market capitalisation of cad$180m.

in june 2021, 10 months later, after 267 holes totaling 61,700 m of an aggressive 200,000 m drill programme with up to 10 drill rigs in use and multiple high-grade intercepts including 146.2 g/t au over 25.6 m, 150.3 g/t au over 11.5 m and 430.2 g/t au over 5.25 m the market cap peaked at cad$1.7b.

the company is actively drilling today yet to produce an mre and has a market cap of over cad$1b.

eric sprott has circa 20% stake in this company, the largest holding in his portfolio.

Peter Marrone ex-Chairman at Yamana Gold and founder in 2003, who from a small scale producer built the company to five mines in the America's which sold for US$4.8B earlier this year, has acquired Allied Gold Corp for US$278M.

Contributing US$30M of his own money and raising the balance from the markets he said, "raising money wasn't easy given the highly uncertain macroeconomic environment, with worries persisting over the slowdown in China and the direction of interest rates, the market has been very difficult."

He also said Allied Gold was his preferred choice being Africa focused offering a shorter timeline through to production and revenues. Apparently permitting can be a lengthy process.

There is trending towards Africa often quoted as the next destination for green energy minerals. North American companies have listed on the LSE, one reason being to gain access and insight into the African Market. Could be why Oriole has signed a letter of engagement to secure US$1M of project-level exploration financing with a Canadian investment bank as they are also looking in the Africa direction.

Oriole raises cash every year about this time to fund the next seasons work programmes. The money is spent increasing the value of the asset which in turn should be reflected in the market capitalisation. This is not a straight-line procedure. There are influencing factors, mentioned above, that cause complications and delay.

However, Oriole is in a fortunate position with assets in Cameroon, the next African hotspot. The risk/reward profile is disproportionate, heavily weighted to the upside. Oriole are only looking for US$1M at this time where the reward for any Investor could be colossal.

As an example of the prospectivity or quality of the ground in Cameroon, 50 km due south of the CLP, Canyon Resources are at the Bankable Feasibility stage for Cameroon's first bauxite (aluminium) mine. With only 17% of prospects explored, the world-class project contains over 1 billion tonnes of high grade (44.3-51.1%) low contaminant Direct Shipping Ore (DSO) and is ranked the world's largest resource outside of Guinea, the country which supplies 30% of the world's bauxite.

HawaiifiveO

If this is your view with this stock, you post at length regularly and now you are trying to trade it, there is only one question which needs an answer from you;

What on earth am I doing?

Disregard the noise. DYOR.

1/ Lanstead will complete the task and end up with no shares having sold them all into the market and handed the proceeds to Oriole. The only time Lanstead buy shares for themselves is when they believe they can sell them for more later on, which is good for Oriole.

2/ Oriole have come to the market to raise cash. They have no regular income of their own. A routine and nothing to do with financial straight jackets.

Disregard the noise. DYOR.

Endless fretting over timeline especially in the mining sector will achieve nothing.

West Africa has been a consistent provider of gold discoveries, Mali, Cote D'Ivoire, Senegal, Guinea, Burkina Faso and Ghana, Africa's largest gold producer. To the east of Cameroon lies the DRC, another highly prospective gold jurisdiction hosting the 13-14 Moz Kabali Gold Project, the 10th largest known gold reserve despite decades without exploration across much of the country.

Cameroon is centre stage, although very much in it's infancy, the country has overhauled it's approach to mining exploration and exploitation policy with a new Mining Code, Cadastre along with the PRECASEM project designed to provide datasets and subsequently over 300 new mining sites identified leaving Oriole's substantial licence package, well-positioned to optimise it's first-mover advantage in country.

Source: SP Angel.

For someone who purports to have bought back into this stock on the 6th Sept, only eight days ago, you paint a remarkably gloomy picture.

Over the years management have made many claims....

If this money doesn't come in what next.....

The share price has been trashed as a result of market sentiment concerning the Lanstead deal. The sp was been trashed long before then.

The modest $1m you describe will fund atleast two comprehensive drill programmes.

Pipe dream? It's only what they do.

You've made enquires to discover they are extremely reluctant to meet with potential new investors. Tosh.

What next?

Stop crying in your beer before you fall off that barstool.

Plenty of speculation adjacent to and around the CLP area in Cameroon this year. Twenty or more licence applications totaling approximately 10,000 sq km for base metals including copper, tin and bauxite, rare earths over on the Nigerian boarder but the majority are for Gold. Also, a good concentration (licences) covering the Tchollire-Banyo Shear Zone (TBSZ) heading north-east from the CLP.

Everything in mining always takes longer. Deadlines are there to be missed.

More like intuition would be my guess. The Zambian Mining Cadastre was placed under review in Q3/4 last year. Some companies held 50 licences or more and thought to be too speculative so a maximum of 5 was introduced. Unsurprisingly this has taken time and is not yet fully sorted but with plenty of newsflow, it's been easy to get the gist.

As for Mr Bird, this is his territory, been there for years. If he doesn't know, then who does.

Absolutely, it does take longer than 5 minutes to enter a new jurisdiction, little available data, new mining code, check-out an area the size of Greater London (CLP) with a team of Geologists in pick-up trucks and on foot, early stage reconnaissance over the whole area, prioritise targets, drilling, MRE (Bibemi), etc. The longer term view is precisely what's required.

Have no idea what your talking about.