Member Info for hunniford

Any thoughts on a cheeky little post Cameroon trip RNS to discuss soil samples, drill samples. Or realistically are we going to have to wait until the build up towards the AGM to digest some of this stuff. Only 24 working days until the end of Q2!

News could be fairly close at hand!

There are open and closed periods, probably by next week it will be closed as it is AGM month but WTFDIK

All the other senior team have equity that they paid for via their own money or salary sacrifice!

If MR buys the SP will probably go up 5 - 10 pips! so easily a return on money but we want him to see the long game through like all of us LTHs here!!

Really nice video, But nothing shows more support than a CEO who believes in the project and buys into the company!

There are some questions to be asked :o) most of them from Kutzz!!

All LTH's should have their voting resolutions in this morning. I got mine via II & IG. BTW anyone planning to attend the AGM in London on 24 June? I'm hoping to make an appearance, if I'm in the UK that week.

Good to see this news flow, this one has been a long time coming. News flow on the Cameroonian assets could really help propel the share price up from here. I know what I'm having for doner tonight, erm I mean dinner!

From LinkedIn:

Oriole is greatly looking forward to attending the CIMEC Convention in #Cameroon next week, where the team will meet with key stakeholders in the #mining sector and government officials to discuss #ORR's leading role in establishing Cameroon as an important #gold producer with significant growth potential.

https://www.linkedin.com/posts/cimec-convention-b04872309_the-transition-from-geological-potential-activity-7196125357140312064-l4I_?utm_source=share&utm_medium=member_desktop

Let's hope they can get some traction over there or even better release some positive news about the current drill program currently underway!!

Sounds like that Consortium of Artisanal Cameroonian miners is almost ready to make their move and take that big stake in Oriole. As is Marty quietly advancing his position in ORR, Directors buy RNS incoming perhaps??? :o)

Guys I love the gentle pressure on the CEO to dip his hand in his pocket, it's a subtle as a h00ker walking her client to the ATM!! But all is fair in love and investing and I'm pretty certain if a "directors deal" RNS came out with a a few million shares squirrelled to our beloved leader Marty in a cash sale we would be back in the forties and Marty would be quids in!!

GOHF if the results are good (fingers crossed) I agree we can expect to see people take profits and we can expect Lanstead to drop a few. However, I think good results could be the trigger to bring people back into this share. We still do not see the volume that companies like GGP PREM etc see. A great set of drilling results, presented to us via installments could be the catalyst we need. I definitely think this is way under value for the news flow due to come.

I would still love to see a vote of confidence from the new CEO though!!!

indeed. we have news to come. the great thing about this company is, the make or break of it is in the dirt. so for the first two licences, the mapping has been done and the drilling and exploration starts. if the results come back shizen then it's a case of thank you very much for your money dear investors but welcome to aim........

result's come back decent > awesome then......... ca ching!!! 0.75 incoming even with the lanstead drip.

if the result's come back **** "well we still have a few licences to explore in cameroon and of course all eyes on senegal!!

could probably make back an average of about .25 in that scenario so is the risk worth the gamble?

i reckon so but then wtfdik have a good weekend weekend folks!!

Take aways from interview.

1. Has experience in mining engineering open pit mining etc.

2. Had a role in business development

3. Also had a role in the city working with brokers should help with connections.

Oriole doesn't have the resources to go and prosect new licenses or territory. So we need to focus on the current assets and legacy assets.

Going forward.....

1. Develop the relationship with BCM and keep that on track.

2. Try and get some kind of progress on Senegal that provides value to the company

3. Seek out other investment partners, so get the Biz Dev hat on and get out there and sell the potential of ORR

4. Sort out the legacy backlog, for example Turkey has been going to court for about 5+ years.

Also as everyone has said I'd love to see a token buy into the company to make a statement / gesture!

Best of luck in the new role. Look forward to the AGM and seeing what has been achieved and the plan going forward in just under 60 days!!

Aye that’s true. But then many folks were critical of Tim here. So they are getting what they wanted, a change of leadership. The chair is probably the largest single shareholder. If Tim has multiple work conflicts then perhaps someone new has more time to work on this. The key has to be out there winning new JV partners. This could be helped by stellar drill results this quarter.

Business as usual……

Although a token buy at any level from the new CEO would be a huge vote of confidence!

I don't see why this has to go down. It's not exactly an extremely complicated company. We have assets in Cameroon & Senegal that need priority focus, then we have some other legacy stuff to mop up. Tim is sticking around 30 days to handover. Tim has 41M shares, so if he hangs on to them (he exercised options in Jan) he can earn significant value out of this investment.

We don't have the resources to go and prospect for new territory, so going forward it is about bringing in JVs to Central Cameroon to date we have only had BCM. So there is a lot of potential out there and perhaps fresh eyes can do this.

Of course another leadership buy in deal like Eileen's would send the SP off to the races. Not sure when our closed and open periods are but I think now is a good time since we are 2 months away from the AGM!!

Some new blood onboard could be good. As H5O said we believe the deal with BCM came via the Chair's former relationship. So ultimately the current status quo doesn't change.

1. We have exploration ongoing in Bibimi & Mbe this continues regardless

2. We have Senegal which is still unfinished so perhaps new CEO can bring a fresh perspective.

3. We have a central licence package crying out for more JV's ditto for new CEO

4. We have legacy assets (Turkey etc) that we have been waiting years to settle out.

Finally since the new CEO has no skin in the game it would be great to see him making a token buy, particularly at the level the current share price is. Nothing demonstrates confidence more than when a leader in the company puts their own money into the role and doesn't just take a pay cheque!!

All in all I think this new change could be good for the business.

Tim thank you or your service!!

I agree with Kutzz here. Whilst it would be good to see Lanstead issue a TR1 it won't have much bearing on the long term. NB the only way to try and force a TR1 would be to keep emailing the FCA and ask them to investigate. Not much more the company can do, they have reminded Lanstead who seem to think they are playing by the rules.

Maybe Lanstead haven't sold (seriously doubt it) or perhaps they issue an order to their broker to sell x million shares over x number of weeks and when that order is complete then they will notify, while that order is open they don't notify even if they drop a % number in the interim until the order is closed, who knows. It seems to work for them though, we are likely not the first group complaining about this.

Regardless, need to look on the brightside, if there was no Lanstead deal last year there would likely have been no BCM deal. It seems BCM were not put off by Lanstead and they went ahead and signed. For BCM it was probably a relief to see the TopCo funded.

For those feeling frisky take this as an opportunity to top up at these incredible low prices. For the rest of us let's be patient and see what's coming. We have an AGM in exactly 2 months. If I was a betting chappie I'd suspect we see a Lanstead issued TR1 on or before the AGM. The timing also takes us to the end of Q2 so hopefully some additional decent news flow to showcase and talk about at the AGM.

One point to note we could also see a bit of left field news which could kick up the share price out of the blue, such as news on Senegal or another JV partner coming onboard for one or some of the Central licenses in Cameroon. If that happens the share price could motor and then everyone starts buying as it rises up then gets annoyed again when the SP falls back. So I would say if you are sitting on the fence and seriously thinking about buying now is a good time to consider it!! But then What do i know!!!

@ H5O - I hope they are teaching them how to dig and run a wash plant!!!

We await next news RNS. I don't think long term PIs would be selling so have to assume Lanstead kicking a few more out.

Interesting thing from the Lanstead RNS is the company will be receiving monthly payments. So... the insiders in the company will roughly know how much is being sold based on the payments they receive and a quick calc of the average SP in the month. Text from the RNS.............

"The £1,767,000 gross proceeds of the Lanstead Subscription will be pledged to Lanstead by the Company pursuant to a Sharing Agreement with Lanstead. The Sharing Agreement, details of which are set out below, entitles the Company to receive back those proceeds on a pro rata monthly basis over a period of 24 months, subject to adjustment upwards or downwards each month depending on the Company's share price at the time relative to the Benchmark Price of 0.2533 pence per share. The monthly settlement amounts for the Sharing Agreement are structured to commence approximately six weeks following Admission.

@Troaj I'm an electronics kind of guy so let's hope your alarms are good!!

Orr are often fond of a Monday morning RNS so maybe they have something decent in store for us next week. Otherwise it is just a case of waiting and seeing what comes next. BOD with significant skin in the game will be as keen as some of us LTHS to see us moving into .5 territory, shouldn't take too much to get us there but then most likely Lanstead will be back. The mystery surrounding the Lanstead holdings continues and adds a certain amount of drama to the story!!

I still have some Sir Jimmy Saville memorabilia, not sure how much that would fetch. Now then , now then!!