Member Info for GoldGeezer

Let’s get the impatient weak sellers out ASAP. We need a rally later today or the technicals aren’t so pretty.

BIKWIK your inout would be appreciated

please don’t be deluded. aym didn’t have debts 4 times its mcap.

this might be reverse restructured so it remains listed but pis will get 10p to the £ in whatever it teams up with. best case scenario…. most likely however is it’s gone. it’s off aim and private.

don’t drag newbies into this **** show, just because you are under water.

Drip buy and relax.

Ok - hostile suggests the wrong sentiment.

A new third party could come in and offer something the Orioles executives like and consider it good for shareholders. This party would require the existing relationship with the authorities to remain as stronger or even better. May main point is the one party least essential to satisfy is BCM.

Again, respectfully I disagree. A company coming in would need to be sure all important issues are in good shape. A deal would likely require the Oriole executives with the good relationships to stay. It’s would be an essential part of the deal, unless said party had existing or better relationships.

I disagree

The farm-ins are binding but give not veto rights to BCM. Any big boy taking over would have to work with B M, in harmony or not. They could buy them out. Everything is on / off the table at that point.

BCM are important, however, a bigger bid might want to take the rest of the CLP for themselves and continue with BCM for the more advanced areas.

Very true, however, careful what you wish for. At the current MCAP a hostile takeover could happened at 1p. I’d like to be at 1.5p before suitors start sniffing around. Then they can have a bidding war up to 3-5p.

Oil novice

I agree with you valuation of the potential asset values but you’ve not split ORRs equity for each asset. They’ve farmed out 50% to BCM for Mbe & Bibemi plus 10% is Stare owned (great for licensing). The rest of the CLP is 100%, Senegal 35% …… blah blah

USD60M stated for kind development of 20% of one asset. If they did a PEA for 100% plus, say doubled the JORC …. so 20% x 10, debt might be an option, else raise or farm-in, both of which dilute HOWEVER it remains a viable multi multi bagger

Low liquidity and some selling caused massive volatility.

It’s very standard for AIM after good news following rises.

Tomorrow will regain more than 50% of today’s drop and by the end of the week it’ll be higher.

Frankly I’m delighted with the news and more-so the reaction. I’ve got a very cheap substantial top up.

Thanks trading profit takers and weak amateurs.

Incorrect on, at least, the 2nd largest one.

Hi BIKWIK

News today was a solid stepping stone. The NPV and more importantly cost of mine development were irrelevant, as they don’t represent the ultimate pre mining PEA. This’ll be 5-20 times the NPV and the associated funding a fraction of the NAV …..

….. any way, the close today still represents higher higher and higher lows, with today being the end of wave 2

The “tribes” don’t issue the licenses. It’s the new communists. They’ll close it down and then open to take the gold. Nowt to be done about that with all the support they’ll have from their BRICS Buddies.

Yep - this is rock solid

Will be a day of two halves - weak out, long termers / pros in.

It was released on a Tuesday for a reason. 0.4p by Friday

Yes - just picked up another 7 figure quantum.

Happy days - the value and future just got firmer and the impatient creating a bargain.

AISC of USD1,200 will full through the floor when the PEA takes account of a larger part of the mine. The costs will not be pro-rata the mine development / general costs. Id not be surprised if it was USD800 ultimately

It’s not a “result”, it’s a PEA based on a fraction of the resource, showing financial viability of the mine.

A big partner required, obviously, however all these metrics will grow 5-10 fold over the coming fully funded period.

They’ll easily find a partner to fund the nine development as the PEA could rise 5x-10x easily by the time production starts and the currently ROI is four years based on this tiny sample and gold at USD3,200. It’s 25% higher now.

The NPV of USD represents circa 5% of the Bibemi Resource prior to futures upside exploration.

So indicates at least NPV of USD240M

Excluding Mbe, Senegal and Turkey

A wonderful stepping stone for credibility and licensing.

If you are serious, get a serious broker. 212 is free but still bad value!!!