Member Info for GodofHellfire

It doesn't matter what they do, if they can't prove they can get it out the ground, it's just words on a page

The problem with raises is that eventually you end up with no buyers at all, so the problem is they end up fleecing their most faithful, which is immoral but necessary.

I know they their trying to sell geology to businesses but they've failed at marketing a business in the stock market. That mistake could prevent them from ever making it if retail abandon them

She hasn't sold any, she's just diluted herself.

Fair enough Bear. All the best and good luck with your others

Anyone else go to the shareholders meeting and remember the exact answer to the straight question "are you going to do another raise"?

I seem to remember feeling like the answer was "no we don't need to" from Bob. Was that a barefaced lie or did he give a political answer that I saw with rose tinted glasses?

Either way, I feel duped, and that I don't know what the truth is.

If I had invested my money in the S&P 5 years ago, it would be 76% bigger. Instead I invested in you which, currently, reflects a 126% loss of my investment potential. Considering all this, what you have just done is effectively walk up to me, take another 16% out of my bank account without asking and walked away.

I know you'll say "well this is AIM and we're a junior, so what do you expect?", but I want you to know, very specifically what the impact of your actions are. If you want investor confidence, you need to turn this share price around, right now! You've been very quiet recently and the last time you did that the Lanstead deal popped up. You have to be pretty mental to invest in a company when you know it's not certain and you might suffer a loss greater than anything else you could have invested in. That's where long term investors are. You need to compensate, and I want to hear, now, what you plan to do. We all need that. No more hiding, just leadership and direction

Senegal won't move the share price unless there was a full cash sales. But if there was a full cash sale they wouldn't do the raise. The raise seems pretty desperate tbh

The message around Livesey was that he was stepping down and being replaced by a CEO who was best placed to take Oriole from an explorer to a producer.

You can speculate all the reasons but he was able to find other work aligned to his experience in the end. As for selling his shares, I bet he hasn't. The reason being that a). he's personally invested as he helped discover in Cameroon b). he knows that the board's goal is to build out and prove the assets for a sale. The value of those assets once grown and proven will be worth more than the share price has ever been. All he has to do is sit and wait for money to be exchanged for his shares. Why try and time the market? In fact, I'd imagine he'd probably still offer any help he could to realise that goal (animosity excluded as we don't really know how his departure played out). I'd like to think he said "yeah fair enough, I'd rather go off and do more of what I enjoy anyway as this is going to be a bit humdrum for a while, and I can earn elsewhere and wait for this to come good"

As soon as we have the green light to mine, even at a small scale, I'm confident the lid will come off. It proves a path to revenue for whomever owns the assets. Until then it's just expenditure.

Remember, Eileen probably wants to retire at some point soon and she can't just sell out because it would kill the company and the value of her own shares. To get out she HAS to sell the company.

You're either in or out when this happens, that's up to you.

That's actually quite funny because Marlon Brando was known for hiding his lines in view so he could read them

Um.... but the share price isn't rising....again.... because it's an explorer in an unproven district

Gold is holding just under $4k.

Just belief, that's all Bitcoin is. What if tomorrow the belief is that Ether is the next bitcoin? So easy to undermine.

All hail to the Whale Michael Saylor

I think their persistent mistake is that their message is always short term..... we've found lots of gold, we're undervalued etc etc. But there's no value in drill cores or numbers on paper. Every single time the market doesn't buy it because Oriole can't evidence a path to generating money. They just borrow and give away. This is probably because they aim to push the share price up so they can sell.

But for investors the story should be about producing. Markets are about sentiment. The company vision (whether they still own it or not) should be about becoming a producer. They should be explaining to the market their plan to generate positive cashflow. They need to stop thinking and sounding like an explorer and talking and acting like a producer. Build some excitement. Help new investors see a future where value will be realised. Create an expectation of return. Listening to other explorers this is the key difference. They talk about mining, not more exploring. Mining means wealth, exploring means burning cash with no return.

Maybe they've got plans about selling and they don't give a funk. There's certainly a lot of silence so they must be preoccupied with something

We need to start digging the gold out asap

They're called Traders. Accumulate cheaply by keeping the share price low by laddering and then sell into news fleecing the retail market.

Welcome to AIM

That's now a funded free carry all the way up to the $1m bonus payment.

I guess that puts the placing question fully to bed for another year

Correction, no gains since December 2024.

What happened when the "debasement trade" happened? Gold went parabolic and bitcoin hasn't made gains since May. 🤷🏻‍♂️

Fiat is collapsing. Gold is money. It can only keep going up

I'm not anti-chart, I'm just talking fundamentals. Charting with no volume is like flipping a coin. 35 trades a day with company that spikes on newsflow fomo and then drifts down again. Who needs a chart?

Explain

We need a license to dig, and then we need to dig.

Or

We need a buyout.

The BOD aren't stupid, they've been aiming for these two things. They hope the share price will raise every time like we do, but they'll know from speaking to institutionals why they won't invest at any point.