ThePublican777 posts 'It’s not worth it spending your life on here' and does exactly that, a clear stooge of that wretched shorting site operated by TW & Co named Sh@repr@phets.
How ironic this site was long Shanta and has been bashing Horizonte ever since 'that' RNS, no surprise then that ThePublican777 was pumping Shanta and bashing HZM. It's as clear as the light of day.
Read the tea leaves folks, this individual, and other multi alias 'accounts' aligned to the same site, are here for the simple purpose of trying to distort the market in a stock which is/was a retail favourite, as such a drop in sentiment can move the SP disproportionally and they know it.
The SP will bounce again make no mistake just like it did hitting 19p from current levels recently.
DYOR etc.
Bashers taking over here means just one thing, the price is going to rise again and probably strongly, just like before, from 10p to 19p in a few days.
DYOR etc
The bashers are back, remember one of them was praising HZM not so long ago, suggesting it would prosper, the lenders would get onside and investors profit handsomely, when it suited this individual who took a long punt.
Now all of a sudden gloom and doom, flip flop as your boss would say, you know Mr TW who runs that wretched shorting site, no coincidence HZM was recently featured is it.
Fools and money are easily parted, anyone listening, worse still acting, on the posts predicting doom and gloom are very foolish indeed.
I have bought today and will sell on the next run up, it will happen make no mistake !!
DYOR etc.
Healthy retrace from overbought levels on the technicals.
Time for the traders to buy in no doubt, the RSI has gone from a heavily overbought 86 on December 27th to the current neutral 49.
Intra day high of 19p on Jan 4th can now be bought at 14p.
This is a post from elsewhere, the individual called the bottom and bought accordingly, confirms he still holds and is expecting another strong up move, he seems to have a following, posts infrequently also.
yasXII
7 Jan '24 - 19:55 - 80 of 83 Edit
Having received a number of PM's from followers the Gracious Fellow can confirm that he is happily holding tightly in CNSL.
It is rare for the market to undervalue a company so substantially for so long, it has to be said the tight float does not help, it also allows manipulators to attack the bid with small financial outlay risk.
Nonetheless it pays to be patient and rewards will come forth, remember recent broker has upgraded across all fronts, the cash position is forecast to be >£4m by end Q1.
The current market value is a mere £6.2m, by mid year it could be triple that.
The stock is very tightly held and illiquid, I still think the company is wide open for takeover given the chronic undervaluation, something acknowledged by the BOD (although no offer would be recommended at the current they suggested)
I would not be surprised to see more analyst coverage given the growth opportunity here, the sector is also rebounding from basement levels spurred on by M&A activity.
£4.3m cash by end Q1 most recent broker forecast, current market value a mere £6m, revenues up and margins up.
A very good time to either add of buy in IMO.
The sector is in recovery mode and CNSL is exceptionally undervalued, the shares hit 3.2p in late November, have consolidated nicely and are now ready to accelerate upwards again.
From a technical perspective the stock has moved on the RSI from overbought to neutral, an ideal time to add or buy accordingly.
If all goes to plan this could easily be trading above 5p by end Q1.
It is quite confusing as to when the Senegal JV actually expires, in a interview last year I heard the CEO suggest it was mid February (note the date Feb 17th in that update) in other commentaries I have heard end February but I am now leaning towards 17th February.
If it is mid February then it brings a possible deal RNS into the arena sooner than I thought, it is likely they have been in discussions as to the way forward over recent weeks. Clearly the best option for Oriole would be an outright sale.
It is evident the market makers are playing a very cagey game by widening the spread, not allowing online buying and other tactics to deter buyers, as posted prior IF management can complete a stake sale of Senala and close those 2 JV's then the company could have as much cash (or more) than the current market cap which sits around £7.5m by end February or early March.
In all it is a pretty positive scenario near term, add to the mix that the sector is starting to show green shoots of recovery with a number of juniors re-rating recently, what a great time to buy in where the market value is barely one third of the £30m reached in Q1 2021 and all those news events imminent.
DYOR etc
Bell has been very quiet since the placing RNS, no commentary about Red Rock at all, he is however very active on Twitter and has been posting at very late hours and early morning, the last time this happened he was in the Congo, is he out there now one wonders ?
Add to the mix the recent large buys, makes you wonder.
Another largish buy has been declared after hours, nearly 30m from yesterday at 0.075p circa £23k's worth.
One wonders if William Black has been buying again, he TR1'd a holding of 157m shares just before the placing, presumably bought in the 0.13p/0.18p range.
The market is starting to tick up these minnows, retail money seems to coming back into the sector following a woeful 2 years.
It was hinted at during a recent interview that the JV partner had their hands full acquiring Iamgolds entire Senegal portfolio, with the clock ticking down on the ORR JV one suspects it is these time restraints on Managem (ORR's JV partner) that is the handicap and not lack of interest in the licence.
My bet is still on an outright sale to the JV partner, £5m/£10m is petty cash to them but would be game changing for Oriole. Not long to wait, negotiations are probably ongoing to conclude some deal before the end February deadline. Historically ORR have retained generous royalty interests which again is a value add.
In respect of the share price, it is playing out as I expected it would, larger sized buys will become increasingly more difficult at current levels as time ticks by towards the end January (2 x JV closes in Cameroon0 and end February (JV ends in Senegal/possible stake sale)
Plain fact is Oriole are closing in on significant value inflection points and the £7m m/cap is simply too low.
New tweet from Anglesey this morning + interview to come later, it is very tricky to buy online currently also.
Upside momentum is building !!
https://x.com/AngleseyMining/status/1742109400133746860?s=20
In February 2021 Oriole hit a market valuation of £31m, the rise caused by excellent market conditions, undervaluation to peers and a swathe of corporate activity near the Senala licence where ORR had a very strong foothold, in fact one of the largest licence areas in country.
The current market cap is now only £6m, recent news includes 2 JV's in Cameroon, hopefully to be closed imminently + we all know that the Senala JV terminates end February and the betting is, somewhat telegraphed by management, a stake sale would be their preferred option.
It is very clear Oriole is materially undervalued, this has been the case for some time but now there are significant price driving catalysts ahead, I suggested the stock will become increasingly hard to acquire in size due to these imminent news catalysts and that has proving to be the case.
A share price of .50p would deliver a market cap of only £19m, if all ducks line up with new high grade discoveries, 1p a share cannot be ruled out over the next 12 months, more-so if the Senana stake could be sold for cash IRO £5m/£10m + retaining a generous royalty interest.
I believe by end Q1 the share price will be multiples of the current .16p therefore.
DYOR etc.
I suspect Lanstead have stopped their selling, it is a good sign that they have dumped 200m shares with the price holding up in the period, that is 20% of their position in only 4 months.
With so much material news imminent now is the time to get into ORR, the share price move early doors suggests the market is ready to start to re-rate the stock.
It will become increasing harder to get in at current levels at the clock ticks down into Q1.
I see a few Twitter 'names' are buying into GROC at this currently depressed level. With only 168m shares issued it will not take much to propel the share price higher.
Possible $1.5m in cash to Oriole by end January at latest.
Two due diligence processes are underway, one ending on 31st of this month, it will bring in a initial $500k to Oriole, it is possible this RNS could be in the pipeline for tomorrow or by next Tuesday.
Obviously if this proceeds confidence will be high for the next one which ends on 31st January, will bring in a further $1m.
The next event will be the potential sale of the 30% Senala stake, a decision being made by end February, as previously mentioned this could come sooner, the monetary value unknown other than £6m/£7m has been spent by ORR to date.
No wonder it is hard to buy in any size, such is the nature of AIM I suspect many are unaware of the situation, keen followers of the company are currently at an advantage right now therefore.
Worth noting the shares nearly trebled on the last major news RNS !
Shorts getting well and truly burnt, cannot buy a stitch online currently, 15p+ close ?
I have to say that I find recent market maker activity exceptionally strange over the last couple of months, there are long periods of time when they shut off online buying (normally around .15p offer) then move the offer price up to .18p or even .19p and then drop it again even if buys come in at higher levels.
The floor appears to be .15p offer, it is rarely possible to buy below this number.
I can only conclude, on the one hand they have their eye on Lanstead and on the other are aware that numerous news events are imminent. The crescendo being the possible sale of the Senala stake which could fetch more than the current m/cap alone, end February is the end stop date but news could come sooner on this.
I think the next few weeks could get very interesting as speculation/interest builds, I see little downside from current levels however they wish to play it.
The only folks who will get shafted are those who are short and have been predicting doom and gloom infinitum, it seems clear the cornerstone investors remain supportive from today's news, the project remains Tier 1 and high value.
Post from the other place and new comment on AYM
New interview with Alan Green, AYM selected as a share to watch in 2024
'Parys Mountain worth 6p/7p a share alone'
https://youtu.be/k1CgYhyNXAM?feature=shared
AYM featured 27 minutes in.