Member Info for Coyote2020

Good idea GG, put in a bid for BCM to outbid it.

They spent 8 months deciding over Bibemi when, at the eleventh hour, chose to throw-in another $5M (Signature + Exploration) on Mbe as well.

They know when there're on to something!

Looking forward to the PEA at Bibemi which will give some clarity, viability and potential of this deposit. The NPV and monetary value making this an ideal package.

Also, with first in-country advantage and an enthusiastic Government Oriole/BCM appear uninhibited leaving every conceivable option available to them.

......and has given Oriole a whole shed load more options for when the time comes.

Good stuff.

Adds to the intrigue.

Bibemi is a sound, compact unit, 460k ozs at over 2 g/t Au with 3 satellites Bakassi 2, Lawa East, Lawa West all to be resource defined and all within walking distance of the main complex. As I understand it, the EL is all you need (no further pemitting/approval required) putting Bibemi at an advantage

ESIA approved, an essential component in granting an EL at Bibemi.

Thanks for posting Mayo51, I surely would like to attend a presentation one day.

Your notes 3 & 8 are of particular interest and curiosity over the next move once Bibemi has received the EL and Mbe has a fully updated MRE.

From the original agreement, BCM were initially only interested in the Bibemi licence, the Mbe licence was a very late stage addition. Curious to know what the thinking was behind this later decision. Are BCM intending to build two mines at the same time, no. More likely it is to take advantage of an early value add to be used as leverage at a later date.

Do Oriole really want to become part owner of a mine. Revenues would be a valuable contributor no doubt but building mines costs money. How is Oriole to provide it's share of the Capex or do they also intend to use their 50% share in Mbe as leverage.

Conversely, BCM might prefer to go it alone on either licence and use the leverage to gain 100% exiting the other or any combination thereof.

Fascinating.

Excellent post, a breath of fresh air. Thank you very much BIKWIK.

Hi Mr BIKWIK,

Could you ask how the PEA at Bibemi is progressing?

Thanks.

Opportunity here for any aspiring marketing professionals to indulge themselves in a spot of DIY PR. You have a platform, you have an audience why not give it a go.

.....and about time too. Short-trem traders have had it too easy and for too long, sucking the life out this company with every turn. Time for a change.

Well if Rick Rule knows about Oriole the chances are Eric Sprott does as well. Another fan of orogenic gold deposits.

Note Oriole has raised over £2M this time around, double the norm and with ease it would appear. Another indicator this company has moved up a gear and is gathering momentum.

Having established there is gold in Cameroon and the eastern CLP (18 targets over 5 licences) and there could be an abundance of it, drilling only half of the first target Mbe-S has already produced a JORC compliant resource of 870k oz Au, you do get a sense this could begin to ratchet up a bit. Funding secured for the next year, news from Bibemi and the PEA putting a value on the prospect measured in dollars and not just ounces, 'Gold in the New Frontier' is getting very interesting.

The Lanstead agreement was at 0.19p/sh a 21% premium to the mid-market price of 0.15p on the day. The current raise is at 0.24p a 60 % improvement on 0.15p.

You have only recently reinvested in Oriole and yet are already complaining about the management. Strange.

3 near term catalysts as I see it,

1/ Bibemi. Exploitation Licence, Preliminary Economic Assessment, Environmental and Social Impact Assessment, all work in progress. Update here will give mine viability and a rough guide at this stage (NPV less discounts) of Bibemi.

2/ Mbe. Updated MRE and possibly 1.5M oz Au.

3/ CLP. 2490 soil sample results from Pokor, any investigations on the 3 other CLP licences leading to further JV partnerships.

Interesting to see BCM's next move after the 50% earn-in on two licences. Do they develop both licences/mines at the same time or do they sell one to finance the other and retain Oriole as a partner. Sell one licence to buy-out Oriole for 100% on the other for example. Numerous possibilities and/or options here.

Continued.....

As a LTH I have no interest in your nonsense.

YD, confirmation last week you are a short-term trader presumably still short hoping for 0.20p or less do not include me in your diatribe. As

That comes later with the application for an Exploitation Licence, PEA, mine planning and processing, Environmental etc.

Flat, open countryside amenable to infrastructure, simple open-pit excavation, makes the economics highly probable imo.

Nothing changes much here I see, the management are as incompetent as ever.

Doing a portfolio review. Has anyone come across in their research, a junior explorer of similar size to Oriole who has discovered from 1st drill to a JORC compliant resource of 870k oz Au in 11 months and has a very good chance of increasing the resource to 1.5M oz Au by the end of Q1'26.

At the risk of sounding trite, Oriole is an explorer with no revenues of it's own. They raise money this time every year to fund the following years work programmes. This year is no different.

The deal with BCM, an US$8M spend over 2 years for 50% of two licences has been finalised and is due to complete in Q1'26.

The WRAP offer allows retail investors to take part in the capital raise on thr same terms, price, warrants etc as the main participants. Nothing sinister here, only an appreciation of the commitment from the retail trade.

Oriole's work schedule for the next field season (now finalised and hence the raise) are step-out drilling at the southern end of MB01-S to further increase the JORC resource of MB01-(S+N). Attention now turns to the remaining 4 licences of the eastern CLP where Oriole have identified 18 target areas with a view to finding another Mbe. I particularly favour Ndom which was ranked No.1 with a stream sediment of 291 ppb before Mbe took precedence.

Bad luck GoHF to buy-in on the spike. The sp has remained fairly consistent throughout at around 0.3p meaning the 'breakout' is still to come from content rather than hype.

Mbe is only the taste of what's to come.

Earlier this week you were saying the sufficient trading range of this stock (0.25 - 0.35p) was about to bottom out debating a suitable price to buy back-in. 0.26p was mentioned having sold out at 0.32p, content with trading up and down (short/long) regularly for 10-20%.

Surely at 0.24p having closed a short position and are now long the narrative should have changed also. Peaches and cream, sweetness and light from now on until the next 0.32p sp when presumably selling and going short the chat will be "did you see how much they pay the tea lady, it's an absolute outrage, no wonder this company is going down the drain!"

Only trying to help. Lol.