Member Info for hunniford

Yes. Agreed this looks like it can pay its way which is pretty decent as an appetiser based on what Mbé is looking like. People keep saying. mbé could be the company maker so to have this license pay it’s way and make some cash is pretty decent!! Now let’s get the licence in place to prove Cameroon is open for biz!!!

Yes. From what I’m reading looks like Bibs can pay its way and make the company some cash. Nothing spectacular but I think behind the scenes this gives us proof there is gold in Cameroon and potentially a nice project to get things moving. So as things go, pretty decent, now up to the Cameroon govt to get that licence approved !!!

Nobody lives forever., except perhaps the Highlander! From what I have read Cameroon is committed to exploiting its natural resources driven by the current president & prime minister. I have also read the current president seems to rule by proxy and spend most of his time living abroad. If he were to pass or become incapacitated I suspect it would take some time to filter through and there would be the inevitable power struggle to see who takes over.

There is nothing to suggest any new leadership wouldn’t wish to continue opening up the country’s natural resources, since it is a well trodden path to redevelopment. Use the natural resources first earn revenue in taxes. Exploit outside expertise and get help building infrastructure. This is one of the reasons China is all over Africa building roads etc. Then use this springboard to diversify their economy with other revenue streams such as tourism business etc.

Cameroon is a 60% Christian country so I don’t believe there are issue with extremists coming to power. There is also very strong influence from Britain & France in the country. No doubt their to look after the interests of some of the large oil companies with interests in assets there.

That said even the Taliban recognise the huge resources they are sitting on and are out their pitching for outside investment into Afghanistan.

With respect to Cameroon, sometimes change is a good thing and it can help to accelerate things along!!

We will just have to wait and see, just like we will have to wait and see what Oriole can uncover in the ground. It does not detract from the fact that as things currently stand ORR is still a massively undervalued company, according to the Leadership of the business and a few industry analysts…. Plus the thoughts of some of us VERY patient PIs !! 😀

Good to see the SP holding strong on the correct side of the 30s shouldn't take that much to get us into the 40s. We are waiting in anticipation of news, volumes a little lower today but not to sound like a broken record the BOD of ORR believe we are massively undervalued.

Just checking my ii trading account and the Morningstar research tab suggests a current fair value for ORR would be 1.0138p that suggests a huge upside from where we are now, almost 65% discounted from their fair value estimation!!

Then we had a brokers note suggesting outlining the potential this company could have! We could end up finishing the calendar year very strong here!!!

Ha I worked my way up to an RNS today D'oh!

Logic was 1 month almost since last one, plus they did a few Bibs RNS on Thursdays. Silly me!! Aw well, one day closer to news and I genuinely get the feel there is more interest forming in this company. Plus I'm sure the Cameroon mining ministers were not in London just to see ORR so any publicity for the country must also be good.

Gold prices staying much higher should help our cause and finally as folks say time for some much needed love in the junior mining sector. Out of all the AIM juniors I think this one has the most potential:

1. Already undervalued

2. JVs in place and drilling ongoing with more to come

3. Potential company builder asset sitting waiting to be drilled

4. Company funded well into 2025 and hopefully longer

5. Other non core assets to hopefully realize value

6. Leadership with significant skin in the game, including their own personal cash just like us PIs

Hopefully we get to put the pain of the last few years behind us, right across the sector!!!

What's not to like...........

Question is, could we be looking at a 07:07 Thursday morning drilling RNS???

Thursday could be drill RNS day!! The company has history with producing Bibimi RNS releases related to exploration!!

 

Can't believe I've got myself so bored I'm down to speculating on which day / date an RNS will come  🥱

 

Interestingly I have had a few quid tied up in TRP for several months with nothing going on but that LSE board over there is now going bonkers. I guess that will be another indication over here when we know things are starting to make us money, when all the lunatics arrive and start posting on here, ramping de-ramping and all nonsense in between !! So in some ways enjoy the peace here while it lasts 🤣 calm before the storm and all that !!!

For what it is worth on 13 June 2024 CEO Martin Rosser acquired shares @ 0.354 pence per share. Also on 05 June 2024 Eileen Carr, the Company's Non-Executive Chair, acquired shares @ 0.33 per share.

If I do a dummy buy today (since my wife would kill me if I bought anymore of these) I can get 1M shares for .338p so right about where the leadership bought recently. I expect they want to make a GOOD return on their investment and will be doing everything they can to push that return along!!

So without "ramping" things too much, the current SP could represent a good entry point for anyone still wishing to buy for the first time or top up more. A little patience may also be required!! Of course only if you believe in what the leadership of the biz are doing and do your own research on the company.....

Since, with full disclosure I have a decent sized holding in ORR and I am therefore moderately biased!!!!!

From the information Lanstead & ORR have shared, as Kutzz says they seem to be exactly on track with sells for the 24 month period. Remember Lanstead "own" shares but they are not a typical "shareholder per say" like us Pis or the insiders of the company. Their modus operandi is to sell everything off in the 24 month period. I'm sure they have the option to hold shares if they want to but they are a business designed to sell down shares.

Our aspirations are for the SP to go higher, after all that's why we hold. Our risk appetite allows us to take it on the chin when the SP dips on good news or perhaps not........For example my belief is we had someone sell off last week after the trenching results. I don't think the increase in volume on the RNS day was down to Lanstead. The evidence to date doesn't suggest they sell in daily bulks of shares. In some ways I think that makes sense for the following reasons....

1. I think it provides some stability - even though we may not like it.

2. It is probably risk mitigation so they don't get caught out with too many or too few shares

3. They don't sell with emotion, rather they just sell as a function.

Others have calculated an average of 2M per trading day over the 24 months and the numbers seem to suggest this is where we are today. 2M shares traded by Lanstead per day should not really move the needle. However, on some days it probably does, I don't think we can blame Lanstead for this. We just need more interest and higher volumes traded per day. So far in Oct we seem to be trending better than Sept with volume but we definitely need higher volumes, I'm hoping for a good drilling RNS this week or next and some decent continual news flow into the end of the year.

We talk about this often, BUT the company needed money back in mid 2023 otherwise it was at risk of going bust by year end. I also doubt BCM would have invested in the two licences without the TopCo being solvent. Although this is just my opinion. At least we are funded until Sept 2025. Hopefully, we can get the SP higher through a combination of good news, more interest and perhaps some institutional interest looking for good AIM shares to buy. Thanks to the BCM deal we also have the opportunity for success based payments. So it would also be good to get a couple of those in by the end of the Lanstead period and perhaps an agreement on Senegal. Added to this it would also be great to sign up some new JV partners for the other licences Bibimi & Mbe could potentially help with that.

Mbe is where this could all get very very interesting! As the broker note last week stated - Potential Company maker so hopefully we don't have too many delays getting the drill rig over there and drilling during the dry season!!

Obviously brokers have their own agendas but that said it’s immensely encouraging to see what they are saying. I kind of believe the geologists more than the brokers. Being an ORR shareholder is not an easy task sometimes, particularly when the SP goes red after supposedly good news.

The leadership of ORR have reiterated Mbé is the one that they are really excited about.

So not a bad little RNS to go into the weekend with. Food for thought and Kutzz’s GCSE Maths calculations!! Which paint an interesting perspective!!

Have an ORR free weekend folks and perhaps we return for some drilling RNS next week!! 😀

Cheeky little 11:30 RNS just came out. .....

Oriole Resources PLC

('Oriole Resources' or 'Oriole' or 'the Company')

SP Angel Analyst Coverage

Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West and Central Africa, announces that its broker, SP Angel, has released analyst coverage following the Company's recent updates in relation to the Mbe gold licence in Cameroon. The coverage is available to view on the Company's website at

https://orioleresources.com/investors/analyst-coverage/.

** ENDS **

Keeping on the volume front, yesterday was 30M so interest in this share, technically, on average, is double that of last month so far!! I pray I don't jinx things....Hopefully this continues and the interest increases more. It would be great to get some additional RNS news next week!!

Catbert I have no idea what to make of it, other than I guess big volume day Monday seems to be have been mostly down and sells. Fairly average day Tuesday (compared with most of Sept) then back to large volumes yesterday with a slight upward swing? Maybe we reversed the craziness of Monday???

I'd love for it to be some insiders being allowed to buy again but I suspect that won't be the case with drill news pending :o)

Cheers for sharing Kutzz good to see the PR wheel turning out there.

Just looking at volumes, almost 88M yesterday which I believe you have to go back to the end of January 2024 to see a day with a higher volume. Hopefully we can get the momentum moving in this. The BOD think (therefore so do I) this is still really undervalued.

So probably not great for traders but for those looking for an investment and have a bit of patience this could be a good entry point as part of a well balanced portfolio !!

- Drill results still to come for Bibimi,

- Maiden drill program to be announced at Mbe.

- JV in Senegal on a sweet spot license still to be decided

- News on exploitation license in Bibimi

What else do we have to come?

Obviously nothing is a certainty in life and this comes with some risk but risk often can = reward!! Good to see the leadership (existing & former) own almost 10% of the company * (this point warrants fact checking)

Yeah GOHF I figured that’s why the CEO was in Cameroon. Both ORR and the Cameroonian Govt are in a partnership which involves trust and getting things done. ORR are one of the few companies actually doing anything in country.

For their part the Cameroon govt need to show that they are serious about foreign investment operating in their mining sector. Best way to do that is get the exploitation licence signed and then help remove any obstacles to shifting pay dirt.

I suspect finalisation of the exploitation licence could need to wait on completion and publication of all the Bibs drill results. That would make sense I guess.

Also as much as I would love to see 1M + ozs at Bibs. Just getting a viable mine up and running could be very beneficial for ORR and Cameroon!

1. Proof of concept done.

2. Support of the govt demonstrated, goodwill on both sides.

3. Lots of other explorable licences under ORR ready for further Jvs

The other thing the ORR team said at the AGM is that they are investing in local talent and training folks in country this is all a very positive and a well trodden path to take with developing industries in countries who want to develop their natural resources!!

Morning all!

So, I’ve been on the move for a couple of days and thought I would let the dust settle after what can only be described as "Wacky Monday!!" Just a few observations I had. If you take a peek at the historical volumes for September (ignoring Monday 30 Sept, the average September trading volume, (I’m lazy, so I just asked Catbert’s homie, ChatGPT) sits around 15.6 million shares. This link has the trading volumes..........

https://uk.finance.yahoo.com/quote/ORR.L/history/?period1=1696230360&period2=1727852760

On Monday, trading volume hit a 51.5 million! That’s a 36 million share difference on the Sept daily average. Now, I know a few folks are pointing fingers at Lanstead (and, they could be right), but based on their admittedly limited RNS output, it seems like they’re sticking to their well-practiced playbook of about 2 million shares per day. I mean, they’re pretty much on the dot in this 24-month selling cycle, ALMOST as accurate as a Rolex Delboy & Rodney would sell you!!.

So my hunch: someone might’ve just dumped their entire stash, probably 20-25 million shares, then Lanstead tossed in their daily 2 million, and the rest? Pure market movement some more sells and buys!!

Honestly, people sell for all sorts of reasons. For me? Monday was just another day in the market. I was almost happy to see the volume but would have preferred lots of buys. Plus we didn’t get some Nuclear RNS; in fact, it was quite the opposite! What's not to like about the RNS on Monday??

But, you know how it goes—good news often gets sold into. For the LTHs, there was a lot to love in Monday’s RNS. The leadership at ORR, including Tim, the former CEO, have always been super excited about the potential Mbe, can bring. That hasn't changed. Now we have plans to step into the field and get an extensive drill program moving with our partners BCM, who were keen enough to join with ORR in Dec / Jan this year after doing their own research too. 🥳

There is still work to do but I believe if the team can get the Bibimi exploration license done and dusted and turn that resource into shifting some pay dirt then this would prove the concept that commercial mining is a go in Cameroon. This would in turn would likely add value to all the other licenses ORR has in the 'roon including Mbe.

Just last week the ORR CEO was snapped in Cameroon, looking a bit like The Man from Del Monte (okay, maybe that’s a bit of an exaggeration, but you get the gist).

But just like this old ad from the 90s https://www.youtube.com/watch?v=F9IxMtVnhR8

This is why I have put my chips on the ORR team—they know gold, and the results from the ground seem to be backing things up more and more. They have also put some of their own money into this project too, skin in the game should never be underestimated. So instead of golden orange juice, let’s get bullish about real gold (the kind you can actually mine)!

When the Man from ORR - "He says

From LinkedIn which also has some pictures….

#ORR CEO, Martin Rosser, was recently invited by the Cameroon government to the official opening of negotiations for a mining convention. Attended by senior government officials & dignitaries, the event provided an opportunity to discuss the Bibemi exploitation licence application.

During the event, Martin spoke with important officials, including His Excellency Professor Fuh Calistus Gentry, Minister - Ministry of Mines, Industry & Technological Development. #ORR is delighted to see the strong support that #mining has from the Cameroon government.

On balance, given where we are in the deal with Lanstead, I think they have been pretty fair with their selling and kept it on schedule. I know a lot of people like the idea of Lanstead being bought out but at the end of the day when that happens then it likely spells time for the next fund raise. So from my perspective I'd like to see some decent news from the business, Bibimi drilling, Mbe trenching and Maiden drill results at MBE (plus another JV or two announced) before Lanstead is done selling since hopefully that should give the company more cash in the bank from higher sell prices.

The 2M per trading day volume is sizeable for this company at the moment but negligible compared to some other AIM PM stocks GGP PREM etc, not sure how we get the momentum back?? I guess rounding off the year with 1M Oz at Bibs would be a pretty compelling story, particularly at current gold prices and IF Mbe is slated to be much bigger than Bibs!!

H5 I definitely respect the new management and had the pleasure of meeting him at the AGM but on the current timeline he hasn’t had a chance everything that’s going on now is from Tim, Bob, Eileen.

Perhaps Tim wasn’t a salesman, Martin could be and we need to give him the runway to work. But for ORR in Cameroon I believe that comes down to Tim & Claire. Happy to be corrected.

H5O - I don’t get your beef with Lanstead. They serve a purpose. No one was touching this biz before that deal. One could say that was down to the leadership not selling the biz etc etc. Bit given the information we don’t know. Regardless, the Lanstead deal kept this business afloat. Plus for those wishing the deal to be done and finished, that could mean the company has to raise more funds. So be careful what you wish for !!