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I think it's looking more and more likely that the price will stay roughly where it is and when the EL is announced it rockets over 1p. I don't think there will be any in-between because the market are pricing in frontier AND jurisdiction risk which evaporates with the EL. The share price will then be free to find its value which we all know is well over 1p

Anyone else notice that these two uncrossing trades that dropped the price considerably happened the day before an RNS?

Yeah that's a joke. UC knocking it down twice in a week, this time based on a single share.

It's unlikely to happen though because the US wouldn't allow it. They'll probably sell new resource-backed treasuries to ensure there's still demand and then run inflation hot to inflate away the debt.

His prediction is predicated on a currency collapse ultimately caused by the weight of the national debt pushing up bond yields. When that happens (because there's absolutely nothing stopping that trajectory with the US adding over $1T in debt every year), the world would look to find financial stability by backing their currencies with gold (hence why so many central banks are buying up gold at such a rapid pace). If the US had to do this themselves then Kiyosaki's calculation is: Step 1: Calculate the dollar value of the money supply to be backed by gold: 22,800,000,000,000 x 0.40 = 9,120,000,000,000 (9.12 Trillion USD) Step 2: Divide that backed dollar amount by the total number of gold ounces held by the US: 9,120,000,000,000 / $261,500,000 = $34,875.72 per troy ounce

As crazy as it sounds, it's a mathematical certainty based on M2 and national debt growth

You don't own this board, I wasn't talking to you. Just jog on and find someone else to abuse. If you're going to reply offer a counterargument. I'm guessing you can't because you never do and instead get abusive because you're not able to control the narrative.

People who repeatedly abuse strangers on the internet, according to scientists (Google it!), are more than likely to also be abusing those around them, like their spouse or children.

No-one is interested in what you have to say GG

Wetherspoons beer time again.

Also, institutionals have already rotated out of tech into defensive plays, so we're currently watching retail froth. As liquidity drys up over the summer there won't be much in the way of positive stories in the tech sector which are holding up the entire stock market

Gold moves on the expectation of interest rate size. The market are being told oil prices are going to crater and along with it inflation and therefore interest rates. This is wrong though. Oil will take a long time to normalise and inventories are so low that there will likely be a scrabble to refill them. Therefore the oil price will stay high for perhaps the rest of the year and into next. This could force an interest rate hike if the PPI of 6.5% translates into a move in CPI over the coming months. With SPCX IPOing with fictional forward earnings like was the case in 1999-01, then a crash is highly likely over the summer. In all cases gold sinks in the short term. But once the market bottoms, gold will fly like never before.

Also, just to be clear, I'm talking about a mid or tier 1 making some kind of offer to secure the asset, not buying it outright on the spot, because they'd require infil for that. I guess an offer would be contingent though on the EL for Bibemi

I'm talking about Mbe of course

Talking of comparing companies and infill drilling, you wouldn't normally expect a potential acquirer to worry about infil before making an offer. I'm curious if we are for sale or not because I can't imagine we're not on the mid or tier 1 radar. Other companies have sold before infil because, if done, would come at additional cost for the junior and higher risk of competition for the acquirer.

I can't imagine Oriole are going to take it to a mine themselves

Only thing missing is a "share this email" call to action..

How to Build a Profitable First Mine

By Shane Williams

CEO & President of West Red Lake Gold

This is the first of ten messages that I will be sending to West Red Lake Gold (WRLG.V) shareholders, explaining our strategy to grow our annual gold production to 100,000 ounces, and beyond.

First, let's review where we are and how we got here: in the spring of 2023, we purchased the Madsen Project for $6.5 million cash, 28.5 million shares, while granting the seller a 1% Net Smelter Royalty.

Typically, building a first mine involves tackling geological and logistical challenges that have thwarted other companies. The "easy mines" (permitted, designed, engineered, operating) are only available to major companies with big cash reserves.

When the Madsen Mine was briefly in production in 2022, it was "sub-economic," which means, "It didn't make money." There was skepticism that we could turn the Madsen Mine around. But in less than three years, we have done that.

In the Red Lake area, gold is high-grade and pervasive, but not always continuous. When we purchased this asset, it had been drilled at 20-metre spacing. We determined the mapping needed to be more precise.

We drilled 150,000 metres, tightening the drill spacing from 20 metres to 7 metres. That's about the length of a Cadillac Eldorado. Tight spacing helped us de-risk the mine plan. We also did an engineering study. We built underground ramps. We upgraded the mill and the tailings pond.

2025 was a "ramp-up year" that saw the Madsen Mine pour 20,147 ounces of gold, sold at an average price of US$3,650 per ounce, yielding total gold sales revenue of US$73 million (C$99 million).

We declared commercial production at the mine on January 1, 2026. Gold is now trading at US$4,500 per ounce (March 2026).

Using a higher gold price in stope design effectively lowers the cutoff grade for resource inclusion, bringing additional resource tonnes into the mine plan, producing more overall gold ounces.

A 2025 Pre-Feasibility Study (PFS) projected an All-In-Sustaining Cost (AISC) of US$1,618/ounce. The Madsen Mine is operating efficiently with favorable economics.

Mines in Red Lake often feature rich pods of mineralization on the edges of deposits. The 4447 area in our South Austin Zone is a good example. In February 2025, we hit 10.6 metres @ 114.26 grams/tonne (g/t) gold. In May 2025, we hit 18.7 metres @ 48.97 g/t gold. In February 2026, we hit 4.75 metres @ 219.73 g/t gold.

The South Austin zone is demonstrating significant grade and thickness at depth and along strike. The potential is being fully realized and accurately defined through definition drilling.

This newly discovered mineralization is directly beside existing workings. It's not long-term, back-room inventory. Our engineers are pulling it into the current mine plan. The 4447 area, drilled in 2025, now contributes most of the ounces in our 2026

Typo: £100m per 2m oz

Oriole finds gold, BCM shows how they'd extract it, Cameroon government and Sonamines allows the extraction.

Oriole are proving a multi-million ounce resource at Mbe, which they value their mcap at c.£100m per oz. With the other license packages looking like duplicates of Mbe, Oriole are in the process of proving they have 4, 5, 8m oz in the region. When mining will be allowed, Oriole Mcap should be £300m+

Thanks Mayo, appreciate it!

Based on the Annual General Meeting (AGM) results provided for Oriole Resources PLC across 2022, 2023, 2025, and 2026, several clear trends and inferences can be drawn regarding the company's growth, shareholder sentiment, and corporate governance.

Here is a breakdown of the key observations:

1. Exponential Increase in Voting Capital

The most striking trend is the massive increase in the number of votes cast, which strongly implies significant share issuance or dilution over the four-year period.

In 2022, the total votes cast for the adoption of the Financial Statements were roughly 169 million.

In 2023, this figure more than doubled to approximately 344 million votes.

By 2025, the total votes cast had increased again to roughly 576 million.

In 2026, the voting volume surged to over 1.13 billion votes.

2. Shifts in Shareholder Sentiment on Share Allotment

Shareholder approval for resolutions authorising the allotment of shares has fluctuated, highlighting periods of resistance to potential equity dilution.

In 2022 and 2023, resolutions granting directors the authority to allot securities passed easily, with opposition remaining below 3%.

In 2025, there was a notable spike in shareholder pushback, with approximately 15.5% of votes cast against the resolutions concerning the allotment of securities and the disapplication of pre-emption rights.

By 2026, the opposition subsided to roughly 4.4% to 5.95%, despite the directors seeking authority to allot a much higher aggregate nominal amount of £2,500,000.

3. Board and Auditor Stability

Despite the changes in capital structure, the core leadership and auditing partnerships have remained stable.

Directors Eileen Carr, Claire Bay, and David Pelham have been consistently re-elected by shareholders across multiple AGMs.

While director re-appointments generally passed with over 94% approval, there were minor pockets of dissent, such as the 5.24% vote against Robert Smeeton in 2026 and the 5.10% vote against Claire Bay in 2025.

PKF Littlejohn LLP has been successfully re-appointed as the company's auditor in 2022, 2023, 2025, and 2026.

Couple of things to note. Right now the macro market is in yet another volatile slump, and yet again Oriole holds up whilst practically every other junior is losing 2-6% a day at the moment. That tells us that there is a LOT of conviction in this share and the upcoming catalysts.

Anecdotally, although we feel invisible right now with few daily trades, I think we are right near the top of the radar. I think there are many eyes on this company now and they're watching and waiting. I think as we get into the final two weeks of Q2 we'll see a consistent rise, especially if there's a lot of money on the side-lines.

Need endless patience with this one