Member Info for HawaiifiveO

Just saw this posted elsewhere, chartist Zak Mir suggests ORR is 'deeply oversold'

https://www.youtube.com/watch?v=e9QsqHWdoFI&t=53s&ab_channel=**********

Remember this is what the then owner of Bibemi project declared back in 2014...

'Cameroon: Reservoir Minerals finds 30 km of gold mineralisation in Bibemi'

https://www.businessincameroon.com/mining/2611-5148-cameroon-reservoir-minerals-finds-30-km-of-gold-mineralisation-in-bibemi

Under AIM rules ORR would not be allowed to make such a media statement however you can well understand why management are so upbeat about the project.

The shares are bargain basement currently, buy low sell high !!

The AGM recorded presentation is now available to view and well as the Q&A session

https://www.investormeetcompany.com/investor/meeting/agm-proceedings-investor-presentation-2

It is worth noting that Oriole seem to have a very strong cash position for a junior, they said at year end (Dec 31st) they had £1.75m and have since raised £600,000 via warrant conversions + had a £60k tax rebate, they are also chasing around £1.4m in the Turkish courts.

The AGM resolutions seem pretty normal, the CFO is very very tight with cash, almost certainly one of the better ones on AIM, LIvesey himself says it is hard to get the CFO to open the coffers except for operational spend.

Once AIM returns to some form of normality ORR will benefit, it is only a matter of time, the herd will eventually arrive again and the current share price will become a distant memory IMO.

The stock is materially and I mean materially oversold on a technical basis, could not believe the RSI closed at 19 last night, in May it was 82, would expect a decent bounce from these levels.

No obvious reason for the large drop except recently the AIM market has been a dog - but sentiment can turn in a flash.

Podcast link

https://audioboom.com/posts/7891463-traders-cafe-with-zak-mir-colin-bird-executive-chairman-xtract-resources

Bit of positivity creeping in over on the A@VFN Oriole board today, one or two taking positions + the recent overhang seems to have cleared according to one poster.

Have to say ORR looks very oversold right now, maybe a rally is not far away.

This has to turn at some point and these things usually happen when least expected, one would hope some news will come before the CEO presentation on 6th July, only trading days away.

Hard to believe the share price was 41p in late February.

For those onlookers who may be concerned about the recent low price warrant conversions it is evident there are hardly any of these left - full details of the 1.2p warrants can be found on page 60 in the 2019 AR where 8.3m were issued but most have now been converted.

There were 27m warrants issued at 1.85p on 30th September, a fair slug have already been converted.

Recent warrant issues are far higher up - 54m at 8.5p

In conclusion I do not see warrant conversions a drag on the share price for any length of time, the most recent placing was at 5.6p for example.

XTR have been pretty prudent on warrants, for example ORR have nearly 200m outstanding and POW once had 300m both at material discounts to their share prices. XTR probably have circa 15m discounted warrants outstanding which is minuscule by comparison.

I re-iterate there is no way the continued selling is coming from retail investors, OMI stock is clearly being shorted and you need look no further than the spivs in the City, probably the same ones that are close to the company, doing the shorting.

Anyone who understands the mechanisms of small brokers (usually referred to as bucket shops) would understand they make serious cash out of short positions . When this matter is raised to CEO's privately the CEO's usually ask for 'evidence' or words to that effect, this shows their ignorance of market matters.

The only way to beat the spivs is for the company to refuse their offers of cash, namely say no to them if they suggest there is market 'demand' for a placing. Basically the spivs are saying we want to close our position now and can you give us a easy route out, most CEO's are only to pleased to do so !

So the question is will Castro or George succumb to the above request should (when) it will be asked ? Hopefully the answer will be no thanks we don't want your cash !

RSI on spot gold is now the lowest it's been for 12 months, sits at 24, gold is seriously oversold on a technical basis, it has bounced hard from such conditions historically. I would imagine the shrewd are buying producers like CEY right now.

Apparently someone on the other thread contacted the BOD recently with a host of questions, one in particular was about moving the project forward, the reply was they are working on this, any deal would have to involve a mid cap or major IMO, one way of looking at this is if Conroy Gold can get approaches from the likes of AAZ and a large Turkish outfit why not Anglesey !

Gold RSI is now on the floor - seriously oversold, will bounce like it has many times from this level.

Dam photos

https://twitter.com/WResourcesPlc/status/1405198355261759492?s=20

Someone has discovered that PTR sit right next to the No 1 oilfield in Russia, operated by Rosneft, that oilfield is No 6 in the world by size !

Here is the post from elsewhere...

In my view Rosneft would be buyers of Licence 67 if not the whole company, they operate the Samotlor Oil Field which is one of the largest in Russia, this oilfield adjoins PTR's Licence 67 as can be seen in on page 5 and 6 in the link below.

http://petroneft.com/upload/iblock/9be/9be9578e63d7ddcc8a259a7e4a710006.pdf

In the recent CEO podcast this field was mentioned (but not the operator) it seems Petroneft management are a little shy about mentioning names of majors nearby, draw your own conclusions as to why !

I have continued to add to my already substantial position.

Orosur are presenting at the LSE Growth Company Webinar on July 6th - looks like they are stepping up the PR, hopefully some news beforehand. There is also a Q&A session.

https://us02web.zoom.us/webinar/register/9115997398446/WN_mVWEFSo4SYyKQKUgSf88XA

OMI has tweeted again about Sprott, one wonders if this a clue, in the 1st Tweet Rick Rule says in no uncertain terms that majors are now regretting their woeful exploration programmes over the last downturn and, in effect, will be prepared to pay silly money for junior companies with potential.

Sprott likes to take positions in companies where majors are involved, good examples are Metal Tiger and Stratex who both had large exploration programmes with major JV partners, one wonders if Sprott want in on Orosur, if so then anyone shorting need to be very worried.

I also noticed that OMI has tweeted about Royal Road Minerals who are nearby and are about to start a 5000 metre drilling programme, in their recent release they are very bullish about the location suggesting....

'Results to date suggest a gold mineralized system in excess of 2 kilometers long by 1 kilometer wide' and
'Potential intrusion-hosted source of gold mineralization which is likely to be closer to the surface in the Guintär title area'

https://www.royalroadminerals.com/news/2021/royal-road-minerals-receives-drilling-permits-at-its-guint%c3%a4r-niverengo-project-and-provides-an-update-on-its-nearby-margaritas-gold-project-colombia/

In conclusion I feel a strong recovery in the share price can be expected from current levels, if Sprott take a position in OMI it will be happy days indeed nor forgetting anyone short will have no avenue to close their positions other than via the market !

Some good posts here this morning, the RSI is, once again, in seriously oversold territory, probably enough to attract some bargain hunters.

The fall from 42p has been relentless but on low volume, therein lies the clue, it will go back up equally quickly on any volume spike.

Add to the mix the market has been lacklustre to say the least, to the point a number of well healed traders are taking a break altogether, one suspects anyone buying OMI around current levels will do very well when sector sentiment and liquidity returns as it surely will.

The key to making money on AIM is timing, buy a stock like this when the RSI is at basement levels and sell when if gets overbought.
ORR is a BUY at current levels, those in higher need to hold their nerve.

Whilst no director is obligated to buy shares in any company they are appointed it is, in my considered opinion, very poor form for them not to.

NVS has not been shy in buying Arc Minerals on the market (see below) maybe that will be replicated here, however the other directors hardly set shining examples and should be aggressively hounded to do so IMO.

https://tinyurl.com/ptr5jru

As mentioned in an earlier post I do not rate multi company director Castro at all, have no clue about Brad George other than finding him rather brash during the investor call.

Maybe some investor activism is needed to get the directors more aligned to shareholders, making it clear PR needs improving and to address the potential, and most likely, TP short selling of the stock. Why they appointed such an outfit in the 1st instance defies belief, shows the BOD are totally ignorant of city shenanigans or do they really care?