Member Info for hunniford

Flashback to a question asked at the AGM a couple of months back..........

Q: How bullish are you on MBE? Could it be 4 or 5 million ounces?

A: David mentioned he has seen many grassroots exploration projects grow to multi-million ounces. Particularly when looking at a gold corridor, the potential for other similar or better opportunities is there. BCM has a consultant geologist with over 50 years’ of experience who mentioned that not every geologist gets to see an exploration region with such potential. Obviously, as a company, we have to be conservative with what is possibly out there, but this is certainly promising.

Yeah ORR were delayed drilling plus they then have to send the samples outside of the country for analysis as there is no lab in country that can do work.

I agree. This is summer so a quiet period anyhow. Also a bit of turmoil in the markets this week didn’t help overall. People may have pulled out money to buy eleswhere.

a risky strategy, I held RR. And did this and got stuck in another share. Kicking myself for that now.

In some ways the daily SP is irrelevant if you plan to be long in this. It suck’s if you are a trader but then this really isn’t a “traders share” at least not at the moment.

The only way we make money out of this is if the licences yield decent results. Bibimi seems promising and Mbe has early indications of being bigger.

Helluva a gamble this but the Chair of the company is betting her own cash on it. If the share price continues to drift I may have to get the cheque book out again. I don’t really want to add more to my holding as I feel I probably have too many as it is from a risk management perspective but in the lower twenty’s it would be very compelling.

Remember when BCM came onboard we hit the .5s and now some of their joint work with us in Cameroon will be reported. So hopefully it’s a busy autumn.

BCM ain’t investing in this company and on these specific licences to lose money. For us LTHs neither are we.

Hopefully good things are just around the corner and we get the real traction we need.

Chooo choo chooo - hopefully the train is loaded up and ready to leave the station. All aboard !!!

I think it’s fairly irrelevant when the volumes are low. It’s just algorithms playing around for the most part. This needs good results and volume !!

That said I always get the feeling that one day this will just get sold of lock stock Job lot or at least the good bits!!

Either way everyone in at these levels that holds should make some decent coin !!

Yeah I’m glad we didn’t RNS any drill results today would have been lost in the Sh1 t show that is the markets today!!

One year on from when Lanstead dropped. Quite controversial when it dropped. In some ways it helped bring my average down but it also introduced a lot more confetti. I think the BOD at the time did what was within their capability in a frosty global market scenario.

Sometimes you have to amputate a few frost bitten toes to save the rest of the body and finish the expedition!!

Only 12 / 13 months after to go. We have had a fair few RNS since the Lanstead announcement dropped last year, hopefully, with major site activity ongoing we get some happy feel good news that draws in the herd and pushes up the SP!!

Agree Kutzz let us not forget. We were heading for a rubbish deal on these licenses with the Canadian investment option. The company then did a deal with BCM who are willing to stump up $8m which represents a significant portion of our current MCAP. All of us shareholders think this i s undervalued plus the insiders, well I guess we would wouldn't we. Hopefully as the drill results start to come through it will tell the story of what is going on here.

To date this has mostly been funded by eager PIs, as others have said it would be great to see a couple of institutions take some small stakes. I suspect they have certain thresholds that need to be met, hopefully decent drill results can stary to convince all.

@Paddboy take a look at BCM investments and what they do. Can never say never. Since they are already invested in MBE & Bibimi it’s not beyond the realms of possibility. I wouldn’t expect any further investment in both thise licences until the main drill exercises are complete in both!!

https://www.bcmgh.com/about-us/bcm-investments/#:~:text=BCM%20Investments%20Limited%20acquired%20the,is%20around%20USD%2080%20million.

@bear I don’t think Orr will buy back shares. They are an exploration company. So not sure how buying back shares would benefit the company. It would be better to put any money into new exploration across their Cameroon licences to try and attract investors. Alternatively if Bibimi results are decent then money would be better used getting an mine off the ground

Let's gear up for some cracking drill results prior to end of Sept!!

Fair points, so eventually a higher gold price well help us, at the moment it doesn't seem to make a huge difference we are trending down while we wait on news but that is probably a number of factors, such as people getting bored, Lanstead and no general news. At least the ORR leadership made a statement and bought in at .33 and above so in some way anyone buying now below .32 is getting a bargain, when you think of the assets we hold!!

They said at the AGM there are times they would like to buy and can't, so anyhow anyone buying now below .32 is buying at less than the Chair bought recently, in some ways I feel that is a bargain price!!

Sean, I’m curious how do you think the current or future gold price getting up to maybe $3k could impact this SP for us / ORR?

That’s a genuine question btw! The way I see it is ORR is an exploration company, so while a rising gold price is great, in order for us all to be driving Ferraris we need sh**t loads of the yellow stuff to be in the ground on our licences . I feel the macro price is slightly irrelevant if we find ourselves sitting in a literal gold mine(s)!!!

Just curious !

Once July is out of the way then we hit our Lanstead anniversary month. One year down one to go. That also gets us mid way into the quarter. The longer we go without news the more consolidated the news flow could be. I some ways I’m glad news isn’t coming right now. The old “Sell in May” lingo !!

One thing this share suffers is decent volume, a conveyor belt of good news could be awesome for the volume. Remember a penny only gives us a market cap of less than 40M which if you concatenate Senegal > Bibimi > Mbe for starters doesn’t seem beyond the realms of fantasy!

Chuck in another JV by year end on a Central licences and Santa’s sack could certainly be bloated, giving Mrs Claus the White Christmas she’s been hankering for !!

Money well spent Kelly’s :o) hopefully it doubles in price in a matter of weeks!!

Yeah i think it would take a while. Ultimately they are doing the right thing and getting themselves out there. Like HRY says if there was any interest, particulalrly if it was someone like BCM, then they would probably want to do site visits and a whole bunch of due diligence. So it could be pretty long tail to hear anything back. I'm just glad they re getting out there. They also sponsored that event, so hopefully more PR and leveraging Martin's City experience and connections!!

Additionally like they said at the AGM there are alot of players in Cameroon, doing nothing at the moment just watching to see what Oriole finds, so good results at Bibimi & Mbe and we could see much more activity FOMO etc!

Yeah I think .6 could be a base with another JV being announced and some decent drill results out of Bibimi then if trench results are promising out of Mbe we could be sitting very nicely!! Good luck all.

Sorry, I missed this and it was asked here is the Q&A

Q: What is the geopolitical situation in Cameroon like? Do you feel it is a stable, safe country? Are there any issues with militant groups like Boko Haram?

A: During a recent trip, everyone felt very safe. There was an upgrade from the foreign office about safety in the country, which surprised the team. Generally, the problematic areas are on the borders and possibly in the Far North, around Lake Chad.

No worries guys we are all on this journey together. Sometimes we squabble a bit but like the leadership of the company I think we are all aligned and want to see this do well.

NB my consultancy fee is 0.025 of your share holding when this gets hoovered up by a major !! 😂

Three letters

M B E (MONSTER BURIED in EARTH)

Plus with my connections at the palace I will also be recommending Eileen & Martin for the name sake award if they guide us to a Major Acquisition !! 😀

Q: Any interest in adding to the senior leadership team?

A: Not at the moment. As a small team and company, we don’t want to incur unnecessary leadership costs. Eileen mentioned they pay fees conservatively, but in an ideal world, there is one non-Exec person she would love to bring onto the team. So, maybe watch this space in the future.