Member Info for GodofHellfire

Well said Mtm.

On the Senala and Turkey thing I think we're being played. To have no movement in 4 or 5 years says that we must have done something incredibly stupid to put ourselves at their whims.

This is why I think the CFO has some responsibility here. Why don't we have the leverage to walk away and sell to another party? Poor decisions, no accountability.

I didn't think you were an amateur GG. I thought you were an "Executive". Have you ever been to a shareholder meeting of a business or an AGM? Have you ever asked questions about proof?

I've watched CEOs of some of the biggest corps get roasted and then consequently fired by shareholders because they couldn't evidence their value.

I'm not talking down the business, I think they've doing very well and that they will realise what they're setting out to do. What I'm doing is asking David and Eileen to evidence the value of the CEO. We want a high performing team, not lifestyle coasters. I want them to apply pressure if it's needed, or evidence if it's not. That's all good for shareholders.

If a stranger comes up to you and asks you for £1000 and they promise they'll give it back and then don't hear from them, what do you do? Do just go "ahh I trust them, whoever they are", or do you ring them up and go "how's the money returning going?".

If you don't get this, and think this is just me being "emotional", then you're not really understanding what I'm saying. You're just balking at any apparent negativity you think I'm saying. On the contrary, I'm trying to put a fire under their butt at the most consequential time in the business' history.

If Martin has been doing a good job, and can prove it to the Chairs, then fine, but as a retail investor I don't see any evidence of that value. I see value in the operations, but that is being taken care of. I just want to see more. That's not negative, that's positive. That's due dil.

Don't get on your eggy high horse or attempt to tell me what to do. I care not for your opinion. This is business. Come June, if we don't see significant progress, I will be asking them some very hard questions in a very public way.

Facts, not beliefs or tea leaves. This is people's money at stake.

C'mon GG play the game, keep up

GG for what it's worth, I don't act on emotion. Everything I say and do is calculated.

You know how this works

GG as a significant shareholder I have a right and a duty to hold the CEO to account. Just because drilling has been successful doesn't have anything at all to do with the CEO, especially when there's a Geology Team and a partner doing the drilling.

Point to the facts where the CEO has earned his worth and I'm willing to change my mind.

For the AGM, perhaps Martin should be put up for re-election so we can cast a vote on him. Unless there's enough people on this board who own more than 5% of the company who can get together, in which case we can force the resolution.

In May he has been with the company 2 years. Are you happy with his performance? Do you think he has enough skin in the game? Does he sound invested and passionate in this company? Are you happy with the return on investment on his salary? I mean, taking day traders to lunch on company money doesn't sound like he's got retail investors backs

By "nothing" I mean price appeciation

It's a bit apples and oranges really. Both good companies, but different geology and regions.

OMI is finding thick veins in a region blessed with huge amounts of gold and in a region that is mature and less risky when it comes to gold mining. This is why they command a high premium because investors can see a route to capital preservation.

Oriole however have taken the biggest gamble on a brand new gold mining district and it is heavily capped by a risk premium. There is literally no precedent in the appearance of gold or the ability to get it out of the ground safely.

The difference in the opportunity is that Oriole are proving out a brand new multi-million ounce district. It's like nothing....nothing.....nothing.....JACKPOT. OMI is like....gold....gold....gold....as expected.

Both good, but different plays

It's not "pretty much every hole", it has been EVERY hole.

That was my point. I don't want a direct response, because we all know what the answer will be. The question was more or less rhetorical. There's been no updates on Senala, Wapouzi, Pokor/Ndom, the western CLP (which was paused due to local issues), government negotiations on the EL, Turkey....

We don't need geology updates, we need business updates and strategic progression. Otherwise, what are they being paid to do? BCM and Claire + Team are doing the geology.....and stuff is happening. What are the CFO and CEO doing? There's 7.5hrs in a working day, 47 working weeks. What's happening?

I could email them, but I know they read these boards and it's a bit of a confrontational question which would just garner a "safe" response. Mentioning it here also alerts others to apply similar pressure.

I'm holding them publicly to account because what I'm calling out is there have been results from geology and our partners but nothing from the CEO or CFO. My understanding was the BCM were introduced by Eileen, so I'm questioning their results at this point and want an update on progress. If the answer is "we are still in negotiations" it means they are failing ultimately because you can't say that you've been in negotiations for years and expect to not be held to account. I favour leaders who show their effort and progress otherwise they fail their end of year review and they get put on a PIP haha.

BCM have been drilling, we've seen results. Great job. Can you give us an update on everything else please? Not seen any results from the CEO/CFO yet, only geology. No news on anything else. What's going on?? I'm not talking about getting more lip service. I'm talking about results or progress against results.

The share price is drifting again and this is on you. Address it please.

The key thing about BCM, is that the development of the resources is now not all on the shoulders of Oriole. BCM have a 50% interest and will need to progress the assets to recoup their investment.

If further partnerships or financing is required, they likely have the contacts and the reputation to attract the support needed.

No it's private, I meant its owners....who are shareholders

It's a great story for BCM shareholders too

A critical detail often missed in the Mbe resource (870,000 oz) is its "sensitivity"—how the numbers change if the gold price or cut-off grade fluctuates.

Solid Foundation: The resource was reported at a 0.40 g/t Au cut-off within a $3,200/oz pit shell.

Resilience: Pit optimization at $3,200/oz yielded 855,000 ounces, proving the resource isn't just a high-price optical illusion.

Coherence: It is a coherent geological body that stays robust across various price scenarios.

Takeaway: This isn't "marginal" gold. It’s a quality, bulk-tonnage discovery that holds up even if the market gets volatile.

DYOR

Yeah exactly that

If there's no price rise it could have been a swap..but it was just under the TR1 threshold

Https://www.linkedin.com/posts/bcm-group-ghana_completion-of-mb01-n-maiden-drilling-programme-activity-7431959301469990912-Lz-c?utm_source=share&utm_medium=member_android&rcm=ACoAAARTSG0BFlF601xKijAOAM8Dcf9K2SN7alM

One of the most common reasons junior miners fail isn't finding gold—it's being able to recover it. At Bibemi, Oriole has been proactive in addressing its metallurgical profile.

The Challenge: The project features gold-tellurides, which can be refractory to standard cyanidation.

The Solution: 2025/2026 testwork defined a clear processing route: Flotation to produce a concentrate, followed by Pressure Oxidation (POX) and CIL leaching.

The Result: This method yields a total gold recovery of approximately 85%.

Investment Takeaway: While POX adds some capital cost, the high grade of the deposit (2.06 g/t) supports this route. Oriole isn't hiding from technical challenges; they have already baked the costs into the PEA.

DYOR