Member Info for HawaiifiveO

While there is very little to discuss I am hearing on good authority that Elephant Oil may have some significant value upside ahead, ORR hold a small position (Red Rock Resources - RRR- being one of the largest) this could deliver a reasonable return in the near future.

EO is a private company, they were going to list in the US but could not get it away however it appears they have secured new funding, their exploration licences are in Namibia nearby there has been recent large oil discoveries, their licences are surrounded by majors.

Let us see what happens !

https://x.com/JavierBlas/status/1949737377343123536

Nothing available online right now, clearly something is brewing, I do wonder if they are going to announce a significant corporate event (project sale ?)

Clearly the shares are in demand for a reason and the stock has been (and still is) materially undervalued to peers.

Hardly any stock on offer currently, it looks like some news is about to hit the wires, AIM is leaky, the volume surge this PM is a clue.

Maybe gold pour news or perhaps something corporate, maybe both.

The shares were materially oversold, trading at around 1.4p in April if I recall.

It seems many of the larger buy trades are being placed on AQSE, one just gone through for 1.5m shares at full ask of .40p

Been very hard to buy any real size in Wishbone today, currently NT only once again, a lot of larger (1m+) trades being hidden on AQSE.

Recent tweet seems to be a catalyst, the shares hit .75p a couple of weeks ago.

https://x.com/WishboneGoldPlc/status/1948720454232928345

It is over 2 months since the last Lanstead TR1, they only had 3.98% left, my estimation is they are well under 3% and probably now only hold circa 75m shares(2%), the market appears to be very sensitive to larger (1m+) buys, almost immediately the offer bounces up when a trade goes through.

In other words the market is beginning to factor in the end of weekly tranche selling from this outfit, have also noticed the retail brokers are now providing fixed online sell quotes, for most of the whole period of the Lanstead sell down this never happened. It suggests the market makers are happy to acquire ORR shares, a positive sign.

I still feel that there will be a Lanstead exit bounce, the question is will the herd (who were active from time to time at ORR historically) come back at some point at drive a material up move, there needs to be a catalyst but it cannot be ruled out, in the meantime buyers around current levels should be rewarded, the question remains by what percentage.

I would like to know why this outfit has failed to attract any material investors? Since 2018 I cannot recall any TR1 above 3%, if there was they sure as heck have either been diluted out of sight or sold out.

There has been a plethora of juniors listed on AIM who have attracted some very large in flows of cash from significant entities exciting the market in the process, the latest being Hamak Gold. Hamak added the Private Office of Sheik Nayef Bin Eid Al Thani, a member of the Qatari Royal Family to their share register, raising £2.4m in the process, the shares have multi-bagged since, rising from just under 1p to 4.5 a few days ago.

In my considered opinion the current regime at Oriole is stale and too set in their ways, they seem to lack ability to network with the right individuals and clearly place their faith in the totally useless London broker network, they have changed brokers on a more than regular basis, to achieve what exactly?

I have no faith in the new CEO who has a truly atrocious history at Alexander Mining, in fact their choice of CEO has been abysmal since Bob Foster retired, at least Bob had shareholders interests at heart, you could not say that about Englebrecht, (Lanstead) Livesey and now ('read the disclaimer') Rosser who appears to have a history in not buying shares in his company.

So Lanstead will soon be out and good riddance, if they had told shareholders at the late 2017 requisition they would issue 3.5 billion more shares, the price would plummet from 1p to .07p then torture shareholders with a 2 year death spiral none of them would have survived but they offered 'assurances' all would be fine.

So Oriole, think long and hard, your investors are tired of all these long winded projects, you have failed to deliver one ounce of shareholder value in Senegal over a decade (having spent £6m of precious shareholder cash) soon the company will be diluted down to peanuts and you know it. So, I ask, you failed to deliver any value from Senegal in 10+ years why should anyone believe you will deliver anything from Cameroon ?

Problem is the BOD are not seriously aligned to the shareholders, no matter how many shares you buy on the market, any spend will be recovered via the hideous salaries (currently £530,000pa) you receive, this company could be run by 2 or 3 individuals at a fraction of the current renumeration, premium salaries for poor performance I say.

The modus operandi of this outfit is all wrong, it needs to change, YOU the BOD brought Lanstead in, by doing so you tarnished goodwill and lost many friends, the only reason you resorted to a lender of last resort was due to constant failure to deliver shareholder value. If your reading this get together and consider a change of strategy, look at the success stories of peers (e.g. GMET, EEE) seek other routes to value creation, do you have it in you ? I think not, prove me wrong & remember the ONLY thing that matters is the stock price !!

Podcast, discusses JV partners, looking at deals that will create the best value for shareholders.

https://youtu.be/fFMKH5tsILo?feature=shared

https://x.com/**********/status/1947970223136465003

For what it is worth I do not believe POW will take RRR down if it comes to that.

The reasons being ...

(1) POW do not want RRAL

(2) Paul Johnson has a soft spot for Bell & Sean Wade (now CEO) probably knows that

(3) POW are not desperate for money

(4) POW would not want the reputational damage by placing RRR into administration

Listened to the podcast yesterday, it is still all up in the air, Bell has history in failure HOWEVER everyone was saying the same about VAST and their CEO, also take note of what happened at EME recently, from 0.02p to 0.15p in just 2 sessions.

On AIM nothing can ever be ruled out.

Https://www.youtube.com/watch?v=H-nSzu_13pA

It is clear the market does not want buyers in size hitting this currently, hardly any stock on offer at advertised price, this is a turnaround from early last week when it was possible to buy £10k+ with ease.

One wonders if an update is inbound, when this moves it will be dynamic due to the illiquid nature of the free float, the stock remains majorly oversold.

There appears to be a concerted effort on social media in respect of the affairs of Angela List, a website has been set up and links to various 'matters' concerning this individual are present.

It is not uncommon for aggrieved parties to attack an individual via the links to their companies especially if they are listed entities, I have seen this many times before. The clear aim is not, per say, to damage the PLC but to damage the credibility of the person associated within it. In the case of List, as far as one can see, none of these 'accusations' have stood up in a court of law.

In respect of Goldstone the attacks are not so much company performance related therefore, the company has been made aware of third party posts that are clearly designed to damage shareholder value pasted on the other bulletin board (note it is easier to slander the company or a person on that site as multi alias accounts are easy to set up and you can use proxy servers to hide IP addresses).

It is also 'interesting' that a site well known for short attacks on minnows started showing interest in Goldstone around the same time as the negative posts started to appear, make of that what you will.

In my view the company needs to respond with a clear update, one thing, if directors positions are in jeopardy you can be sure they will respond in a positive way, only time will tell of course.

Also bear in mind that one of the company's largest shareholders increased their position recently.

DYOR etc.

* Should read December 2024 Interims

All

It is worth drawing attention to the fact that EME are being pursued for the sum of $12m, the details of which (below) are taken from the December 2014 Interims RNS.

Whilst EME dispute this, the claim for 'outstanding obligations' is still live.....

'On 24 August 2024, the Company received a letter of demand from CNOOC's lawyers, King Wood & Mallesons, in relation to Block 29/11. The letter of demand alleges, inter alia, that Empyrean has outstanding obligations, totalling $12m, under the relevant Petroleum Contract entered into with CNOOC and that Empyrean has failed to pay certain amounts that CNOOC consider due and payable under the Petroleum Contract relating to the prospecting fee and exploration work'

Next to nothing available online right now, the stock is heavily oversold, IG are currently asking 2.17p for just circa £2k of shares, the stock has been taken down 50% on low volume, as mentioned previously the bounce may be dynamic, more-so if news is released as expected near term.

Looks a very good entry/top up opportunity.

DYOR etc.

They should be chasing up Lanstead to remind them that they are supposed to declare when they go below 3%, they only needed to sell 38m shares from 22nd May, that is 41 trading days, they have done that with ease. I suspect they are well below 100m shares now also.

Lanstead going below 3% is price sensitive and should have been released on the day it happened.

This is clearly being shorted, bashers and disruptors are all over the respective bulletin boards, when the time comes the bounce will be dynamic, make no mistake it will happen !

DYOR etc.

Market cap here only £950k

Lanstead are almost certainly below 3%, they had 155m shares on 22nd May, the 3% number is 115m, it is coming up to 2 months since that declaration, they are supposed to declare as soon as they go below a declarable position, as ever with this wretched outfit they have not.

I would suggest Lanstead now hold only circa 85m shares, the market is already starting to anticipate the selling pressure that has occurred over the last 22 months (thanks BOD, great decision!) will subside and this will should allow the long awaited re-rate.

Some other thoughts...

Why have the BOD allowed circa 150m .25p warrants to be extended for another 12 months, this seems exceptionally petty and totally unnecessary, in effect places another overhang on the share price, how cagey they are by announcing this after the AGM. Maybe someone may like to seek an explanation.

It was good to see the director buys but why nothing from the CEO, serious question, this fellow was rightly challenged on his performance as CEO at Alexander Mining, massive dilution & shareholder losses, I noticed he was very shy in buying shares in that outfit despite over a decade in the job, earning £120k per annum. One thing shareholders will be watching intently, no doubt a nice chap but is he really the right fellow for the job ?