Member Info for HawaiifiveO

Just seen on X, the note from Allenby produced after the resource upgrade (presumably distributed to clients) with a target price of 37p a share

https://x.com/Oilplayer2009/status/1823616431063236685

This is very good news for holders and paves the way for the long awaited funding to be put in place and/or offers VAST the potential to sell the mine lock and barrel.

Still sub £2m m/cap which is option money, for the traders or risk adverse investors a very good entry point IMO, could it multi bag, well history tells you it could easily.

So Jag has left, the fellow was hardly dynamic but dedicated to Health & Nutrition, in my considered opinion a clean sweep of ex directors after the ODX debacle can only be a good thing.

Hopefully a more dynamic CEO will be appointed with ability to promote this company which has been and probably still is performing ahead of market expectations.

What is needed here is a steady regime of PR and social media posts to get CNSL into the wider investment domain, the operational business is worth a significant number, far more than the current market value, unless it is promoted correctly only a small audience knows about it hence the thin trading in the stock.

Todays news does not concern me, in fact it is probably overdue.

Remember the broker target price of 10p a share remains.

As mentioned I have decided not to post often unless there is a newsworthy event however I have noticed a distinct change in the way RRR has been run over recent times, especially since Lenigas was appointed, the silence from RRR tells you a lot.

I therefore conclude that there could be a number of value events being worked on, RRR is no longer the rag doll of Andrew Bell now POW has a ultimate and material interest, so what do we have, David Lenigas, Shaun Wade and in the background Paul Johnson lurking.

The aforementioned individuals have clout and contacts, yes I was the fellow that asked POW at Proactive why they sold their stake in New Ballarat back to RRR, the CEO's answer was POW will gain from upside of that asset in the future by appreciation of their RRR shares, make no mistake this project will be a go'er either by third party sale or listing or POW (or others) will step in.

Look for strategic moves or asset sales, it appears RRR is borrowing money (probably from Lenigas) to reach certain value appreciative goals, the scale of which may shock. Remember many hints from Lenigas on X suggesting RRR could be a 10 bagger and is one to watch etc. I have seen many shares on AIM 10+ bag unexpectedly, it happens and I believe RRR could be the next candidate.

With 4.8m shares in issue the market cap is option money at £2.4m, just one deal from the plethora of projects far and wide would multiply that many times as would management change or new blood onto the BOD.

Interesting times indeed.

Directors and the major shareholder recently bought £100k's worth at 1.8p, you can now buy for just under 1.3p, you make money on AIM when share prices have dropped disproportionally and buy the base, the recent drop here (from 2p region) was due to a distressed seller who has now been taken out.

There are very few shares on offer under 1.5p that is nailed on, market makers are quoting largish premiums for modest size currently.

News cannot be far away and it could be material.

It is essential for micro caps to keep the news-flow and PR coming, the aim being to keep the market interested in the company whilst is is quiet.

Do not forget the Muratdere copper project in Turkey where ORR have a material NSR which could be sold, it has been forever and an age since Oriole commented on this project, what is going on etc. This NSR could be worth £2m or even more given the rise in commodity prices.

What about Elephant Oil, well news from them this week has been material, they have signed production sharing agreements in the Côte d'Ivoire and there has been drilling activity by majors near to their Namibia licences.

https://x.com/edithbrou/status/1818687049559347387

https://connectionivoirienne.net/2024/08/01/onshore-la-cote-divoire-et-le-groupe-americain-elephant-oil-signent-trois-contrats-de-partage-de-production/

What is going on in Senegal, again nothing from ORR, some update should be made, has there been local activity by other parties, more discoveries or corporate activity for example, what is happening re the JV partnership etc.

The above are examples where the company could comment even via a Reach RNS, all are material drivers of value outside the Cameroon.

Oriole management have always tried to promote like a major or mid cap, that does not work on AIM, so come on BOD lets be having some updates on investments/projects outside of Cameroon.

Pity the souls who paid 4p/5p for the shares only 1 week ago, a placing to raise just £250k at 2.7p announced today.

It looks like the project sale process has gone into the long grass.

I noticed Mark Sale was proudly boasting about a re-rate last week on X, well what trust can anyone have in this BOD when they are so happy to dilute at heavy discounts as soon as you see any rise in the share price.

Some might use the words 'lifestyle company' it certainly looks that way, the CEO trousering £250k holding just 700,000 shares, trust here has to be an issue moving forward.

The business model has not been proven, without a material project sale (£1m+) more dilution seems inevitable, the shares are now a rolling short IMO.

Stock is 'at best' once again on a number of platforms, it would appear any potential overhang has cleared, the shares look well poised for another run up therefore.

Remember folks were paying .14p a few days go.

Yes it seems that way, for sure RRR's stake in Elephant Oli has been totally discounted due to inactivity re the IPO however things seem to be moving once again.

RRR has 362,318 in EO, one of the largest shareholders.

Côte d'Ivoire and Elephant Oil relaunch onshore oil exploration with new strategic partnerships

https://x.com/ElephantOil/status/1818645613103206528

Interesting the shares are now 'at best' only on the buy side, seems they are seeking sellers.

The SP hit .145p on the bid yesterday !

Looks like a phase 2 bounce could be on soon, not so easy to buy size currently, one for traders with the outside possibility of some corporate event that could deliver sustainable value and a possible multi bag opportunity.

Not for widows or orphans !

Oh the nonsense of AIM, one of the most followed and PI favourite PREM announced yesterday, probably by mistake at a GM, their operating costs at it's Zulu lithium plant have been and are currently running at $3m a month, they have failed to deliver any lithium to Canmax (who paid them $35m up front, money all gone) and had to call an emergency meeting to issue a further 4 billion shares to the existing 32 billion in issue, they are riddled with debt, despite the recent fall in their share price they are still valued at £15m !

Makes a nonsense of RRR's situation, current m/cap £2.85m !

The recent volume kick and SP action shows what could happen IF material news is released by RRR, Lenigas has been hinting for quite a while RRR is worth watching, let alone his 10 bagger suggestion.

The shares are option money currently, no wonder punters are active.

Speculation on the other BB that a project sale may be in the offing with David Lenigas being an insider re RRR.

It would make perfect sense if RRR divested projects, something is driving this volume, the market cap remains under £3m which is very low.

Link to meeting

https://x.com/Share_Talk/status/1818002856089206796

This hit 2.7p on 4th June and was looking to go higher before the somewhat farcical £100k 'institutional placing' at 1.9p on the 12th, that said the directors all bought in at 1.8p late May, it is very rare that directors throw money around without purpose.

My bet is some material news is not far away which could drive a strong re-rate, this time last year the shares traded at 6p.

The destressed seller has offer the shrewd an opportunity to get in at basement levels.

Hard to believe around this time last year the shares were trading at 6p, there has not been much dilution since either, at current levels the price is a gift entry point.

There are a number of catalysts ahead, offtake partner, JV partner + the letter of intent from the US bank concerning a $3.5m financing, the news-flow has also been very positive recently.

Making money on AIM is all about timing your buys, it's hard to get any GROC around offer price now, even at 1.5p/1.6p it is a great opportunity, recent director buys at 1.8p also.

Doubled my holding here today with 3 buys, the shares are very well supported from a chart perspective around current levels.

I also believe unexpected news could be forthcoming which could be material, corporate action either in Cameroon or Senegal cannot be ruled out in the near term.

DYOR etc

One suspects the three recipients who took 2.4m shares to settle invoices are dumping them, I can see no other reason for the share price weakness, directors recently bought at 1.8p, that was followed by a institutional placing at 1.9p in early June and ALBA took £70k's worth at 1.8p also.

Market cap now only £1.9m

Looks like a bounce is coming, the RSI has fallen from overbought to neutral in quick time with strong support around current levels, the run to 1.05p on Tuesday from .70p shows what is possible, something for the shorters to bear in mind !!

Traders will start to take positions IMO.