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Oriole are in Cape Town next week:
https://x.com/orioleresources/status/1751932106391834742?s=46&t=_nigBHAcmev43MbB6y2J5w
Thank you Kutzz. No where near your holding at a guess but I have averaged down from 1.41 to now 0.19. Had to buy millions of shares to do it but like you LTHs will hopefully be rewarded for our loyalty and investment. Something Tim reported on one of his recent interviews. Keep up your great posts Kutzz. A number of us have kept the faith in some dark times when the SP was down at 0.08. Lots of exciting news due in February and throughout 2024. Great to see the BOD are keeping us regularly updated now and getting the positive news out there, something we were banging on about for ages.
Am I right in thinking the Elephant IPO should land at some point this year too which ORR have a holding in. Does anyone recall how much a holding ORR have? From what I can see the IPO may be first half of 2024.
What's not to like. Load up.
"At Mbe, the originally identified 12 km-long gold-in-soils anomaly has delivered several zones of significant surface gold mineralisation in vein sets grading up to 134 g/t Au.
“We expect the current period of due diligence by BCM will show further support for this area when results are received from their sampling programme later this month.
Https://x.com/orioleresources/status/1748240314270093778?s=46&t=_nigBHAcmev43MbB6y2J5w
Post investor meet yesterday I think the following question and Tim’s answer certainly concentrates the mind:
Q13: What happened with the Canadian bank investment? Has that been closed after signing with BCM?
The Canadian bank had initially indicated that they were looking for a million dollars at 10% ownership and that was on 5 licences . BCM have come in on 1 licence and we're now looking at discussing with the Canadian bank whether or not they want to do something on the other 4 licences. Obviously there's a proximity play here now. Mbe is now US$5m investment - a million cash and 4 million in the ground exploration - for 50% so that values that one single licence at more than the Canadian bank's complete valuation on the 5 licences. So we're still in discussion with the bank on whether or not they want to change their offer.
Polio - suggest you click on this link and look at the recent November report and you’ll see the grades, background etc. lots going on and big news anticipated to come end of this month and first quarter 2024:
https://orioleresources.com/investors/analyst-coverage/