Member Info for GodofHellfire

Share price drop isn't him selling, it's just part of the rest of the market selloff

Welcome Ivor. Wise man!

Ivor Jarman is a British businessman, engineer, and high-net-worth investor. While he maintains a relatively low public profile regarding his personal investments, his professional background is rooted in international engineering and corporate growth:

Founder of CSA: He founded CSA Building Services Consulting Engineers in Hong Kong, building it into a successful firm over 20 years.

Executive at NV5 Global: In 2018, his company was acquired by the major US-listed engineering and consulting firm NV5 Global (NASDAQ: NVEE). Following the acquisition, Jarman was appointed as NV5's Executive Vice President of International Operations, where he oversaw strategic growth with a specific focus on Asia.

Current Status: Based on company filings, he has been residing in the UAE and the UK (South East England) and appears to be acting as a private, large-scale investor in the commodities and resources sector.

This is the sort of price point where people look back on and go "damn, it was that low I should have bought".

Yeah good callout.

Even though the payment is triggered by reaching a 1-million-ounce JORC milestone (which can include Inferred ounces), it appears the payment is only due once the quality of that resource meets the "at least 50% Indicated and/or Measured" threshold. Therefore, a resource that is 100% Inferred (like the current 870,000oz at MB01 South) would likely not trigger the payment even if it crossed the 1-million-ounce mark, until at least half of those ounces are upgraded to the Indicated category.

Since maiden resources are almost always classified as Inferred (due to the spacing of the initial drilling), the payment typically becomes due after follow-up "infill" drilling has been completed to provide the higher geological confidence required for the Indicated category.

Everything is selling off. Even bonds. The end.

Maybe we don't pay her enough

Two weeks today, after which, the Exploitation Licence could be any time, along with the updated MRE, which would result in a $1m payment under the BCM deal.

It's certainly a truth, and I would expect the board to be attempting to safeguard against this with the JVs they're working on with BCM, but this is actually a "golden scenario" for investors, because once an offer is made, it will likely cause others to come in and make an offer, resulting in a bidding war.

Once that mining licence is granted and the MRE goes over 1.5m, and the institutionals are allowed to buy-in, I would expect that Oriole will work with BCM to package up Mbe and send "for sale" messages to all the mid-tiers. Because the story is really positive in terms of this being a "mining district", it should garner immediate interest from those that have a pipeline that is drying up.

You can understand that countries like China are being aggressive because they want to secure a finite resource, but ultimately it's all a very good problem to have to shareholders because we don't have to chase the shareprice

They have 3 different curves.

Bibemi is approaching the top (EL)

Mbe is nearing the climb (pre-EL)

Pokor/Ndom is in discovery

The upshot of that video is that, from the latest results, Claire expects the total MRE for N & S to be "well over 1m ounces". The magic number for mid-tier attention is 1.5m ounces, and she also confirmed that step-out drilling is commencing at the southern part to try and find the edges of the system. If they report any gold in that drilling it will be added to the MRE at a later date. The goal is to get to that 1.5m+ in an open pit design that could use a central processing plant, making it highly economical.

Meanwhile they are gaining evidence for for Ndom and Pokor that could result in a drilling program at those prospects in the future.

Once that exploitation licence is granted, Oriole will become investible by institutions, who normally have rules preventing them from investing in juniors who don't have permission to mine.

I would expect, in the coming two months, to see the share price price rise as investors start to front-run that massive de-risking event.

The thing that Oriole will then have to be wary of is that some of those investors front-running could be hostile companies looking to take vote share before a hostile offer. They'll have a big flashing beacon on their heads so I would hope that they are tying things up with BCM to ensure that BCM don't force some kind of drag-along that's not to sahreholder's benefit.

You can now start to see the clear path to an Mbe sale. Perhaps they will keep a portion of Bibemi with BCM taking on the mining themselves at that site.

Here's a gold mining hostile takeover true story that occurred once assets were de-risked....

The Tietto Minerals takeover was a textbook example of how these battles play out over several gruelling months. It wasn't a quick smash-and-grab; it was a prolonged siege.

October 2023 (The Ambush): Zhaojin Mining (a massive Chinese state-backed gold producer) launched an unsolicited, conditional off-market takeover bid for Tietto at A$0.58 per share. The Tietto board immediately urged shareholders to reject it, arguing it was opportunistically timed and undervalued their newly built Abujar Gold Mine in Côte d'Ivoire.

November 2023 to April 2024 (The Standoff): For six months, the board fought tooth and nail, releasing statements telling shareholders to hold firm. Zhaojin slightly bumped their "best and final" offer to A$0.68.

Late April 2024 (The Capitulation): Zhaojin quietly accumulated over 42% of the voting power by buying shares directly from fatigued institutional and retail investors on the open market. Realising Zhaojin was about to gain board control anyway, the Tietto directors finally threw in the towel and unanimously urged the remaining shareholders to accept the offer.

May 2024 (The End): The takeover officially closed, Zhaojin took over 90% control, and Tietto was swallowed up

Zijin Mining Group (The Apex Predator): The exact same Chinese juggernaut that bought Tietto is currently the most aggressive buyer on the planet. In 2025, they swooped in and acquired the massive Akyem mine in Ghana from Newmont. They operate at what analysts are calling "China Speed"—bypassing the slow bureaucracy of Western majors by simply buying up de-risked assets with sheer cash.

The Squeeze on Mid-Tiers: Industry analysts are actively noting right now in early 2026 that mid-tier and junior producers with proven resources are sitting ducks. The major miners are flush with cash, and if a junior board refuses a friendly buyout offer, the majors have the financial firepower to take the offer directly to the shareholders.

Gold Geezer aka Martin = nothing useful to say

It's because no-one knows this company exists because the CEO doesn't do any marketing between news events. He only cares about institutionals.

We are invisible. Look at the volume!! There's no story. No excitement. No narrative. Not acceptable

Complete failure. When the time comes to release good news they'll be shouting into a void and just hoping that they can convince some institutions to come onboard. It's a complete betrayal of the retail investment crowd to ignore them. Where is the CEO??

My only hope is that there is method to the madness and they're so bisy setting up a sale that it doesn't matter. If not, they'll not enjoy me at their Annual meeting in June if they throw this all away to enjoy a lifestyle company

Final drilling results imminent. Tomorrow or Monday is my guess.

Genuine question, how can you trust the charts when there are only 30-40 trades a day when 90% of the trades are automated MM trades for 1, 2 or 3 shares?

AND what happens to your chart when there's news tomorrow?

I'm a swing trader and I became successful, in part, due to understanding liquidity.

So please, educate me

Mbe is special because it offers a "dual-style" system.

High-Grade Shoots: 1m @ 119 g/t Au and 2m @ 25.77 g/t Au provide "sweeteners" for rapid payback in early mine life.

Bulk Tonnage: Broad disseminated zones (e.g., 29m @ 0.88 g/t) provide the tonnage needed for a long mine life.

Flexibility: This mix allows for flexible mine planning—pitting the high-grade zones first to pay off capex quickly.

Takeaway: You aren't just buying ounces; you're buying high-quality, mineable geometry.

DYOR

Drill results should come in the next few days. If it's the last 4 then I'd expect a proper update to tell us what they're doing month by month for the next pivotal quarter before the rainy season stops play. Those brokers better earn their pennies

One underrated part of the Oriole story is how fast they’ve moved.

The Timeline: In less than a year of drilling, Mbe (MB01-S) moved from a target to an 870k oz maiden resource.

Efficiency: This speed indicates a team that knows how to identify targets, drill them effectively, and communicate the data properly.

Trust: In the junior sector, mistakes are expensive. Oriole has shown they can deliver results without "burning" shareholders' time.

Takeaway: Competence is a value driver. A team that delivers 1.33Moz in record time is a team worth backing.

DYOR