The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Well put Kutzz. For any new investors it’s worth reading the SP Angel update sent out this week as there is a great map showing the fantastic grades found so far with of course a high of 134/g/t A good reminder to us LTHs too. Noted other high grades at 40.8g/t , 16.2g/t, 64.3 g/t
Page 3:
https://wp-orioleresources-2020.s3.eu-west-2.amazonaws.com/media/2023/11/Oriole-Flash-Note_BCM-Earn-Ins_20.11.2023.pdf
SP Angel summary:
We rerate Oriole as a buy. The combination of a meaningful cash injection and the opportunity for exploration success at the two prospective licence packages is a true major development in the Oriole story. The deal suggests an implied valuation of US$9m for Bibemi and US$10m for Mbe. Gaining BCM as an exploration partner will be transformative for Oriole as they drill out highly prospective targets generated over the past field season. Oriole’s legacy assets, including Senala and Muratdere, reinforce the balance sheet whilst Cameroonian gold development accelerates.
PR machine starting up...
https://wp-orioleresources-2020.s3.eu-west-2.amazonaws.com/media/2023/11/Oriole-Flash-Note_BCM-Earn-Ins_20.11.2023.pdf
I've been commenting on their PR (or lack of for ages). That said with the excellent transformational news dropped yesterday one may argue its a great opportunity to top up again whilst 'still under the radar'.
Something going on again with share price. MMs trying to trigger stop losses for shares....? I did a dummy sell earlier this morning and they'd take 10m off me no problem.
Love this reminder in the RNS about the grades and why I was keeping the faith over the last 6 months haivng been a holder in Oriole for 3 years now:
The Company has signed a HoT with BCM regarding the intention for both parties to enter into an Earn-In Agreement on the Company's 90%-owned Mbe gold licence project in central Cameroon, where Oriole has recently identified high-grade gold mineralisation (up to 134.10 grammes per tonne ('g/t') at surface) within a 3 kilometre-long by 70-metre-wide structural corridor.
We should all email the board.
This deal should have locked Lanstead in to not being able to sell their shares below a certain price and frankly not before a certain date ie. at least a year - 2 years in which time the intimated news flow should have come.
Extremely disappointing and I'm hold 19+million of these.
Where is the news we have been promised.
Yes a few of us are significantly down... I’ve been saying for ages they need to get their PR machine together and knowing what and when to report whilst being spun appropriately. Tim and Bob are not PR guys - hopefully they are specialists in their own respective fields…