Member Info for GodofHellfire

A raise would kill it considering there's 5% of shares in warrants and options outstanding.

Always an overhang, no proof of being able to generate income. Chart yourself silly, it's all about the facts

You have to factor shares in issue. The downward pressure is always dilution and they've diluted the funk out of us and won't confirm the financial future.

Why buy shares when it is literally guaranteed to drift down? All you have to do is look at each news event for the past 5 years and watch the share price action. It's a money pit for investors. Every. Single. Time. That's why it's a trader's delight.

I think their only way out is a full sale or to generate income from mining. Lunacy is doing the same thing and expecting different results

You have an email account I presume? You could send them an email. You shoot yourself in the foot every time

So their focus is the institutional investor or a mid-tier for a buyout? Where are those exactly? Not been seen a peep out of either. Either they won't touch us and I want to know why or the BOD are rubbish and getting any kind of investor.

Wtf is going on? Just get on an sell us and be done with it

Cekim, Beardozer, H50 etc. she's talking to you: "vent this on the chat rooms which only seems to exacerbate the situation."

Once again ever the optimist, it feels like the country risk is the biggest problem for punters. Anyone using AI gets that warning all day long.

So the exploitation licence is the last bastion for me. If the share price doesn't rise after that then there's just nothing left to hope for other than a takeover.

I'm pretty fed up with the share price down here. The lack of any narrative whilst the share price plummets is shameful. Yeah, you're all busy. I don't care to be honest, start bailing the water out of this sinking boat of yours. To us it's like you're sitting on the deck having high tea whilst we all run around with our pants round our ankles.

Be nice to have an update from the ground too at this point. Been more than a month outside the wet season without any updates? Where are the rigs?

I bought another 12m the other day...

If the warrants have been clearing recently, that's essentially a raise that was decided upon years ago

Bikwik, whilst I agree with you, there is still the chance it could happen any time

Nonsense

When BCM got involved they did so after seeing the drill cores. And they didn't sign up just for Bibemi but Mbe also, agusto. They're not there just to provide drill rigs, they want pay dirt.

The brakes are off once the exploitation licence is granted.

If you were a big buyer though, and you saw a land package with a JORC and license to dig it out the ground, wouldn't you want the lot? Because then all you need to do is throw money at it and it'll further your inventory (which is globally more difficult to find)

Logically their main goal would be to prove that Cameroon is a minable gold district. To do this they need a). Proof of gold in the ground b). the ability to get it out of the ground.

They're not trying to prove anything to retail investors. They're proving it to the mid-tiers and top tiers for a buyout.

It wouldn't make sense to just go and drill everywhere and then shout about it. The goal would be to get evidence that can form the basis of a contract.

When that license appears and we start getting updates on machinery being moved into position, oriole the explorer is dead. Oriole will be a profit making producer with a district scale license package.

Retail investors won't create a liquidity event, the big players sniffing around will

Watching for 11am. Chart looking bullish...

The incumbent president is set to claim victory on Monday which means maintaining the status quo i.e same policy and government contacts. A positive sign for Oriole.

There may be some further protests but it's expected that the government will attempt to quash them as fast as possible.

Institutions don't buy the rush, they buy afterwards...

News flow catalysts are as follows:

Election results - next week is the result and licenses that were paused usually get reviewed and passed through 3-6 weeks after the minister of mines is reappointed.

When the licence is granted I expect a JV announcement with BCM to begin mining operations (they showed at the investor meeting that mine plans are already drawn up).

Meanwhile I expect drilling results to start to come in for MBE N which will build the MRE and expand the resource.

All of these things will start to move Oriole from Explorer to Producer, which means they have a pathway to income.

They will then be funded to start further explorations across other licence anomalies.

All this derisks the entire operation.

Remember, despite the share price, Oriole have been 100% correct from the very beginning. Say what you like about the Board, but they have been spot on and they've survived incredible headwinds. They should be applauded. Such an achievement

Oh no yeah, you're right GG, dyslexic brain 🧠

I don't think the creation of the share would shown as a buy

You might, but it might be brokers that hold them that don't want to hold them forbusiness reasons. Some may have held onto them. We'll get an RNS soon to confirm if that's what happened