Member Info for GodofHellfire

Goldman said it would be $3300 by the end of 2025 so we can assume their estimate is very conservative.

We are going to be a massive buyout target with this MRE

Hi all, new here, just seeing what the opportunity is.

So this drilling is a long time coming and is make or break? I read that this is a magnetic high system, not low like Haverion. Is there any commentary from boots on the ground about visible gold in the drill cores? Or is it too early?

Bitcoin doesn't act like digital gold though, it tracks the stock market. Everyone on the planet understands gold as money and, like you say, many don't trust bitcoin, so it could never take over gold. Central banks aren't hoarding bitcoin like they are gold.

But any, like you say, each to their own, as long as you make money!

It's not stupid or irrelevant, it's a conversation. No need to be condescending

GG

Two different conversations.

I also did not complain about anything. With regards to shares in issue I was talking about ORR being undervalued.

Referring to bitcoin is merely an observation when considering other investments.

You don't need to treat every conversation as a reason to get defensive

What are you talking about GG? You don't make a lot of sense

I'm actually a "tech" person by trade so I believe in the technology. I'm just not confident in bitcoin as an investment. I've watched many arguments wanting to believe in Bitcoin but no-one has managed to convince me. Most arguments are from people who don't understand power and control and how bitcoin would create financial instability. Either way gold still makes more sense.

Like everyone else, hold bitcoin all the while it's going up, sell it when it goes down haha.

Yes, at least that much.

It seems after extensive research many other promising AIM companies are in a similar boat

Looking at other companies this weekend I think we would be sitting at about 1.20 if it weren't for the number of shares in issue

I've been doing a lot analysis this week to see where other AIM explorers are at and if there are any that are in a better position. I honestly couldn't and Oriole continuously popped to the top of the list of positive probability.

What I did find interesting though was the emergence of a few junior explorers using their raised funds to buy bitcoin as a hedge. This seems completely nuts to me. I mean yes it could pay off but the price could collapse and take investors money with it which would be reckless. It's like a gamble on top of a gamble.

What do you lot think?

Puts Orr in perspective though doesn't it!

Yeah....but soon they might be Fortnum and Mason caviar haha

Fortune favours the patient

YD you don't get onto mid or top tier radar until you publish an MRE over 1m Oz. Otherwise you're a minnow

YD your approach would burn through cash and spread the team too thin and take even longer to get results. I bet at a time is a sensible approach and ensures it creates a solid foundation. Patience is required

For me there's only two simple facts to focus on, the rest is noise.

1. Juniors are pretty much ignored until an MRE of over 1m Oz is published. This is about to happen (if not 1m it is expected to be expanded beyond that figure regardless). The game is going to change entirely. This is 5 years in the making. This is it!

2. Gold is near $4k and it's going to keep going because retail buyers aren't even in yet. The profit margins compared to 5 years ago are insane. Literally insane!

Oriole will not be ignored after the MRE, it will become what it planned to be, a proven resource explorer.

If you're negative about it, you're simply ignorant to the big picture and you'll be even more miserable when you realise you missed out and you had all the chances to be in. I wish you well, but you're not convincing me!

Yeah I don't think it will be long until it's released. I would be very surprised if it wasn't in October.

GG yeah I think so.

I got the impression that when the MRE is published Oriole suddenly pop up on the radar. If it's near or over 1m Oz there they should become "visible". 1.5-2m they become a target. They are expecting to grow the MRE because it's open in all directions.

The key here is the MRE catalyst and then the exploitation licence. Both of those would be a share price catalyst and as more results expand the MRE they become a takeover target. All of those things would keep the share price up if there's no impending dilution

Morning all. Few more things to add. Apologies if I've duplicated.

It seemed there were quite a few brokers with their clients there which says to me that there is some institutional belief in Oriole.

Like the others have pretty much said, they are confident in their whole district scale thesis. I believe them. The evidence stacka up.

The artisanals have been dealt with, some weren't even Cameroonian.

They don't see the metallurgy as a problem. It's common in Africa and the equipment won't be a challenge.

They've designed the pit at Bibemi and they don't see the licence from the government to be a problem. There are many other £multi-million mines in Cameroon that have progressed.

The expect to grow the MRE but effectively told us not to get carried away with the idea that there would be a blow MRE initially. It sounds like it will be solid, but a grower (oo er).

They don't intend to dilute and expect the MRE to be a catalyst and for other assets to eventually work out despite acknowledging they always seem to say that.

Overall I'm still a holder and I will add. I didn't hear anything that made me worried about the potential. I'm confident they are doing everything as well as anyone could.

Gutted I didn't get a chance to look at the drill core that Claire bought along but was too busy hobnobbing. Some folks I spoke to weren't invested yet and as I told them all about it I was selling myself into it all over again haha.

Anyways, hope that helps

@bikwik I'll be there

Hold the line. Zoom out. Nearly $4k gold. Think about why. Think about what that means. Are countries going to pay off their debt? Is the AI bubble going to burat? ORR have found lots of gold when demand is outstripping supply. Profits from an increase in price are enormous . Stop listening to the noise. Keep your eyes wide open!

An executable path from “ounces in the ground” to “cash flow,” with clear dilution control.

1. Resource growth and quality.

Can Bibemi scale beyond 460 koz and lift Indicated inventory for PEA inputs.

How much of the Mbe ET converts to a pit-constrained MRE in Q4 and what grade profile looks like.

2. Permitting and social licence.

ESIA approval date, mining licence timeline, and any remaining consultation risks in Cameroon.

3. Technical de-risking in the PEA.

Metallurgy and recoveries, processing route (CIL vs HL), strip ratio, pit shells, power and water, haulage, tailings concept, opex and capex ranges, and gold price deck used.

Sensitivities to grade, recovery and price.

4. Funding strategy.

How far BCM carry covers drilling and studies.

Plan for the next 12–18 months to avoid a dilutive raise before major catalysts.

Openness to royalty/streaming or project finance once PEA lands.

5. Jurisdiction and execution.

Cameroon permitting track record, government stance, FX repatriation, security of tenure.

Senegal JV governance and what optionality Senala brings post-JV formation.

Anything else?