Member Info for GodofHellfire

My assumption is that they sought advice before doing this. They must have said "we've got loads of good news coming and we don't want the news to fall flat because there are constant fears of funding issues." So they've either chosen this a way to fund personnel whilst waiting for the other funding to come through.

So who's advising them? Surely they are not winging it? This is why it sounds like desperation because surely the advisor would have said "so you could choose this option that's known as a 'death spiral'" because they had no choice and figured it was the best of a bad situation. If that's no true and the advisor convinced them this was perfectly fine they they need to be fired.

I reckon they also have offers on JV but the evidence they've provided so still warrants too much risk, and so the offers are probably small at this point to take into account that risk. Otherwise acceptance of lowball offers would also impact the share price and shareholder sentiment.

So, either it was a last resort, in which case keep calm and carry on. Or the board need to find an advisor or a better one. I'm inclined to believe it was the former, last resort.

The share price seems to have bottomed and if that Canadian money comes through they can proceed for some time and hopefully this will be a distant memory. They do have to do something to ensure the share price doesn't drop on news and it all depends on what options they really have. The market is just not normal and hasn't been for a long while now. It might require some extreme measures to stay afloat

I think this is why it could be a safe bet. Others who have used this facility may not have had a virgin district scale land package that keeps proving gold within it. Oriole are exceptionally rare in that respect, which is why we all hold an interest of one form or another

The sellers will come storming back as soon as the news comes in

both thor mining and amur minerals have used the landstead subscription. good news is they were a while ago and they're still around. bad news their share prices are the same as before using landstead. maybe they didn't hit the resource jackpot.

whether this was desperation or not there is most definitely hope. if they can fund themselves and drilling and stay afloat to prove the resources then this can and will still fly. the world is in and entering a bit of a **** storm and i'd rather they stay afloat to realise this project.

i'm sure they had offers but we're bid in the balls which would p1ss everyone off.

eileen has lost thousands in the last two days. no way she's going to let that disappear. do or die for them.

have faith friends. keep calm, carry on. we're still in the game!!

I think there's an underlying thing here that isn't being filled understood by the market. I mean on face of it this would seem like a gamble. Unless you had insider knowledge about what was in the ground (but couldn't be talked about for fear of market speculation). This approach has cast iron balls. Eileen also has a rather sizable pair. Add those together and there's a considerable amount of confidence behind all this.

There will be immediate effects but look ahead and a whole bunch of fear goes away. If news drops in that scenario I think their plan will play out.

Zoom out, fast forward. See what I mean?

That to me says there is enough JV interest for their money to be considered a safe investment. 25% is an awful lot of one's salary to put in on a "hope". They know something....!!!

Oh dear US inflation gone up. More rate hikes, more bank failures to come

Looks like impatient traders are selling up to come back later as there doesn't seem to be any imminent news on the horizon

Positive that manegem are picking up tools an continuing with the earn in

That has to keep climbing now with a potential pause in fed hikes

Should be £30m based on all the recent updates

Smashed a ceiling, next stop is actually 0.4

If ORR have to remain coy it would suggest there are share impacting things in progress that haven't yet concluded. If nothing was going on there would be no coyness surely?

0.4 eh Zak? That would get a few of us into the black

Not far from 1 bag...

Price over 18p holding for 5-7 days forms a new base and upwards potential

The market predictions are for a bit of a free fall soon so that will apply some pressure on the share price regardless. Hopefully it'll hold up for the bigger climb out once the rest of the markets bottom out

Bravo Eileen!

This would literally go to the moon if there was cash rolling in. All brakes will be off!

No placing, money incoming, market ripe for gold growth, district scale license with absolutely massive potential, experienced BOD who take care of their investors. Cabin crew prepare for take off