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P.s like how this is getting cheaper again so we can top up
Judging by his skillset he seems much closer aligned to where Oriole is right now and what it needs to "exploit". Also, the fact that Eileen had to use her contacts and the "exploration" phase has moved on and a relevant replacement was found so quickly, this feels like the board has made the decision based on what Oriole needs right now.
Whatever Tim goes off to do, I hope he stays in touch and maybe he can sell us something else he finds that we can "exploit" in the future.
So do we get him a leaving card? Not up to speed on the shareholder etiquette in such matters haha
I like the optimism but it's never good for a company stock when a CEO resigns and it takes some time for a CEO to build respect and trust. We're lucky to have Eileen otherwise there would be wild speculation to his reasons for leaving when HIS project is supposed to be at the most exciting stage.
Maybe he feels his job is done and just wants to be a shareholder. Either way, this is going down for a bit
2.4m a day.
So 300m in 6 months. 150m a quarter. 50m a month. 12m a week for the next 56 weeks
Sounds pretty logical that they are gaming it by putting in one massive order a quarter and only reporting once that's completed, as per the rules.
They wouldn't be in business long if they were doing something illegal so incredibly public. Clearly this is the loophole and it sounds like we have to accept it.
Hawaii
If we go by your understanding, my view on why they would have sold a number of shares early on is because they are probably balancing their books and the risk. If I was them I would be selling more shares if the share price was higher than at the start, to ensure there is money available to pay Oriole. AIM is so wild in its ups and downs I'd be making sure I stayed the right side of the share price to meet my obligations and make a profit. So selling as much as possible when you're in a good price range seems sensible from a profit and balance sheet perspective because they are managing their exposure to risk of it going down. So, all the while it's higher, and staying higher, I'd be expecting them to cut the losses in an emotionless way. If it goes up further, I'd probably ramp up selling even more. This is all on the assumption that they are trading to make a profit on the share price.
Saying all this, the counter process (which is how I thought it worked) is that they don't care what the price is and they just sell the same each month and it is what it is. If it's low, Oriole and Lansted get less, if its high they both get more. Otherwise at what price would Landsted be paying them an amount each month???
Hawaii can you explain why you think Lansted wouldn't want the share price to rise? I'm not sure I understand because my view was that if the share price goes up both Lansted and Oriole benefit.
My assumption on the lack of RNS from them is that there must be a legal loophole that means they don't have to because, again, it wouldn't benefit them to break rules or the law
Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
https://www.cnbc.com/2024/04/16/gold-is-shining-bright-like-a-diamond-and-could-hit-3000-says-citi-.html?__source=androidappshare
AND powering up despite high interest rates and high dollar. Normally both of those destroy gold. There truly is steam under this.
Watch this video of a congressman trying to get people to understand the US growing debt situation. Frightening that they are literally barrelling towards default because they can't get themselves to care about anyone but their individual agendas
https://youtu.be/EzZGoF8mNjA?si=fx4PApIrgVaeh4Lo
That's a 20% increase on the revised up JORC estimate now!
This is why I'm looking forward to the drilling. From their previous results:
"During late Q4-2022 and H1-2023, the Company completed 1:15,000 scale mapping (lithology and regolith) and rock-chip sampling over a c.48km2 area at Mbe to help constrain the source of the gold anomalism. A total of 76 rock-chip samples (including QAQC) were taken over selective outcrops, predominantly quartz veins, within a 3km-long geological zone that is up to 700m-wide. The zone is underlain by a northeast to north-northeast trending, shear-related porphyritic unit (provisionally recorded as quartz-feldspar-porphyry (‘QFP’)) that is highly altered along its central core and is silicified and gold-mineralised. Results of up to 134.10 g/t Au were returned from sulphide-rich and locally brecciated quartz veins that occur within or at the contact of pervasively altered (albite, silica and carbonate) and sulphide-rich QFP.
In December 2023, BCM completed a three-week long site visit to Mbe and collected a further 639 samples over the 3km-long zone, each weighing 2-5 kilograms. Of these, 542 samples were collected from pits (5-10 metres deep and exclusively dug by artisanal miners) and 97 samples were collected from outcropping rocks. All of the pit samples were collected from in-situ (weathered saprolite or saprock) material, with composite channel-chip sampling being applied over the exposed pit wall (and perpendicular to the dominant vein set, where apparent) to ensure sample representivity. Results returned 155 samples grading ≥1 g/t Au, 13 of which have graded ≥10 g/t Au. Of these higher-grading samples, best results include 256.74 g/t, 133.44 g/t, 75.09 g/t, 33.66 g/t and 22.89 g/t Au from outcrop sampling, and 25.16 g/t, 23.97 g/t, 9.98 g/t, and 8.75 g/t Au from pit sampling. A further 232 samples graded between 0.20 and 0.99 g/t Au."
Let this point sink in. Bonanza grades in the rocks at surface with a colossal area to explore. The potential is bat5hit bonkers!
I want to see what's in the ground before any sales talk.
This is part of the problem of seeing AIM as a source of income through placings, Marketing gets forgotten but no business on the planet does well without good promotion
Orr has good potential now, and that's obvious. The reason the share price won't rise is because there is no volume. Volume comes with popularity. Popularity comes from awareness. Awareness comes from Marketing. The people that will invest in Orr will come from all walks of life. If they stick to their appalling Marketing approach, noone will ever know they exist. Instead we'll have to wait for RNS readers to catch on instead and maybe someone who has an audience might talk about them. The point is, they could find and talk to those audiences now, but instead we just get videos on channels noone watches
Hard not to be excited by Eileen's words. So much positive and the worst now behind us.
If the gold price lingers at these levels from here forward the the JORC will have gone up by 10%
Volume will only come with news. There needs to be regular news to keep the interest going and the fomo. They've had a hiatus so we're just waiting for them to get back up and moving. It will come
Touched $2190 this morning. This is significant because it helps the major's with their inflation affected operations. With inflation lower, they are surely more likely to make more moves on opportunities