Member Info for GodofHellfire

Based on my understanding of the timelines my view is that, before the end of the year there's a chance we will have crossed 3 pivotal milestones.

1. Resource estimate for MBE South

2. Progress on the first stages of opening a mine in Bibimi

3. Initial drill results in Mbe North

I would also expect some resolution on the cement and Senala.

With all those tied up before year end a major investor or buyer could easily swoop in with an agreement in principle. If they are funded until early next year, a placing might not happen at all

Like I said before, the BOD can't really exit unless the whole business is sold because any share sales from them would tank the shareprice.

If you were the BOD would you appoint an organisation like this unless you had something for them to actually do? Clearly something is afoot!

That's interesting. Appointing a regional specialist advisor in mergers and acquisitions....

Average salary in rural cameroon is c.£300 per month so with the gold dollar price at $3200 it probably makes them a pretty penny with only small amounts. Either that or they have found the big gold and we just haven't got to it yet

1000 artisanal? That's a an army!

I'd like to hear more about what's going on here. It's a bit like the tractor turning the soil and the birds landing and saying "this is ours, go away farmer".

If that was allowed to happen then no-one will be able to dig anything out of the ground because they could just follow (since 2023 apparently) Oriole and claim anywhere they do any research.

There's a dude on LinkedIn (Bareja Youmssi) who has written about this clash in the Quotidien EcoNews (23 May 2025).

Did some magical word extraction, translation and summarisation from the images:

Main Article Title:

“A textbook case of mining code ambiguities”

Summary: Conflict at Mbé between Oriole Resources and 1,000 artisanal gold miners over land rights. Urgent need for a peaceful coexistence and ethical mining practices.

Article on Gold Exploitation in Mbé, Cameroon

French Title: Mbé, un cas d’école des ambiguïtés du code minier face aux réalités sociales

English Translation: Mbé, a textbook case of the mining code’s ambiguities vs. social realities

By Dr Bareja Youmssi, expert in Mines and Petroleum

Summary of the Article in English:

The situation unfolding in Mbé, Adamaoua region, Cameroon, highlights tensions between artisanal and industrial gold mining. A conflict has emerged between Oriole Resources, a company recently granted exploration rights, and around 1,000 local artisanal miners who have worked the area since 2023.

The central legal issue is that Oriole holds only a research permit, not a full exploitation licence. Yet they have demanded artisanal miners vacate the site. According to the expert cited, this is unjustified under the 2023 Mining Code, which gives rights to Cameroonian artisanal miners with valid licences.

Key Points:

The code allows for artisanal miners to be active in areas under research permits.

Oriole allegedly used the presence of artisanal miners as geological indicators to secure their permit, a move described as opportunistic.

The expert accuses the Ministry of Mines (MINMIDT) of failing to safeguard artisanal rights.

A solution is proposed: transform the contested area into a Zone d’Exploitation Artisanale (ZEA), allowing artisanal mining while excluding Oriole from that section.

The National Mining Company (Sonamines) should play a supervisory role.

Final appeal: Oriole should recognise the artisanal miners’ prior presence and work alongside them for an ethical, equitable, and socially responsible resolution.

He said this in his LinkedIn post:

Cameroon/Mining Sector: The social license to operate is an important element in the success of your mining projects. I call on Oriole Resources PLC to understand that the resources in a country belong to the people, the sovereignty of a country is above the piece of paper that has been issued to you. So let the people continue, which allows them to earn their daily bread.

It is in your interest to supervise their activity while delimiting an exclusive area in your permit, you have found this population in mbe and you will leave leaving this population there. Be wise, respectful of your

the local community and a good sustainable development policy.

I'm a LTH so Director purchases are more than welcome to buy from my pov. Adds to the confidence . They have bought a reasonable amount though so I'm happy they have skin in the game. I was just referencing the potential for a share price dip to those that were concerned about the drops, even on good news. With drill results in-flow I doubt they actually have much of a window at the mo.

As much as I like director buys, they signal a gap in news flow which makes the share price drop.

I'd just like to add that the whole AIM market is currently trading 737. In 2021 is peaked at 1300. It also peaked at 1100 in 2018. To say the BOD is solely responsible for destroying the share price is just complete fiction.

I think some people are just negative by nature and want people to join them in their misery by laying blame wherever they conjure it.

I'd say multi-millionaires care more about their loose change than most. Either way, she'll get more than her money back, she'll make sure of it

The key problem is volume, and volume that is willing to purchase. If there is a persistent daily seller when the stock relies on newsflow it's completely obvious that there's a risk of your investment dropping without news. So it's definitely a problem. You'd have to hope there is consistently more volume than the seller and you can see from the data that this doesn't happen. This makes it the perfect environment for traders who will just milk it like a cow.

When you do your due diligence, the only other concern is the ability to dig a mine in Cameroon and receive your money. There's no precedent so it's a risk. A JV deal a medium/mahor would alleviate that risk because you'd assume they have more knowledge and therefore confidence they can mine and profit. Aside from that, an actual mine would be additional proof.

The only other thing that could change fortunes is that there is some kind of major publicity that drastically improves volume either watching or investigating. This is why I mentioned trying to help with this because we can actually help. Everything else is a waiting game and the BOD are clearly working as fast as they can

You're investing in the AI bubble when it's about to burst. Brave.

Been thinking about the Marketing aspect and considering we've had some stellar news recently it really is a compelling story so I've made an effort to send this report to certain relevant gold mining commentators and newsletters. Awareness will come from spreading the word wide so I think we can all do our bit. I'm we all digest other news or watch you tube so try and make a point to share the report so they can explore for themselves and hopefully talk about it on their channels.

Aside from a full sale, the thing that will set this alight the most is shovels in the ground. There hasn't been a gold mine before so as soon as it is seen as possible there'll be a massive land grab

No. Gold doesn't just clump in big lumps under the ground. There are pockets but that doesn't make a gold mine. There has to be lots of gold everywhere. 137 gold intersections over 400m width and at shallow depth. Bonanza grades are a nice to have, but they don't make a multi million ounce mine on their own.

We're trading along in an 18 month falling wedge which is a sign of a bullish reversal. We're testing the high resistance levels so the machines are probably playing it. If volume arrives and it closes above 0.27p then that will be an official breakout and the machines/traders will stop trading it and wait, which will cause the share price to rise.

Managem not management

I wouldn't be surprised if Management come sniffing about tbh. We're already discussing JVs with them and it wouldn't take much to just slide across some Cameroon results. They are the sort of mid tier who would buy this sort of company