Member Info for hunniford

I think one thing we need to bear in mind is that the bulk of this RNS points to historical activities (up to Dec 2020)

Since then (only a few weeks ago) the company has announced it is acquiring a viable business called Trade Flow, which would have meant a significant amount of due diligence about SYME's & TF's current state of operation and forward looking potential, which would have been carried out by legal teams from both companies.

This will also require regulatory approval so whilst I don't think the deal is completely final yet, I don't think the comms would have been advanced if the DD did not stack up. For me this acquisition is the best barometer of SYME's ability to keep going.

Put yourselves in the position of the team / Board of TradeFlow would you really surrender or sell your company to something that was about to go belly up?

@ Jack & Hardy it is a sad reality of what will come if we miss the end of the month. The BOD have evolved their communications to the market from an RNS 12 April which stated "results throughout Q2" to a recent investor presentation where we were chastised like school children for being to eager and "misinterpreting" by the headmaster who then stated he had always meant results by the end of Q2.

So like I say if he puts so much emphasis on that then I'm sure they will stick to what they have forecasted and this won't be an issue. However, if they don't then don't be surprise if this takes a dive until the next pent up anticipation of results unless they just drop out of the blue a couple of days into June.

@Kutzz nice little double digit rise at the end of last week whilst I shirked off to the mountains with no internet!

Looks like they are leaving it right to the wire let's hope they have got their Shizzle together any miss of deadline will really dent confidence in this stock and BOD. In big Tim we trust!

Yeah I get the feeling the punp crew will arrive soon. Technically this should be safe up to about 1.2 or 1.4 with the Senegal piece look what Chesser is worth vs ORR. Only issue is we have a slow dance partner in IAMG currently on a $4m spend needing to increase that to $8m to get 70% so thats another year of drilling but also results due out in H2.

No surprise that there was no RNS today. Pack up and come back Monday, though think they will walk it to the last day.

Yeah it's a though call, I took 1.2m three weeks ago at .88 and thought that was a good price and then we rolled 2 weeks with no news and then boom results say not happy and down we went. At todays prices that would be almost 2M shares.

If the market doesn't like the next assays we probably aren't going to go up eh? Even though people saying this is the ar5e hole level now!

Yup I need to "bag" to break even, what a way to get my first "bag" not how I envisaged it but at the moment "id be eggstatic to "bag" and make zero money. Could be worse I guess "multi bagging" to break even would be more annoying.

@Kutzz eggsactly Friday tomorrow so when the market re-opens it will be the 28th. In my eggsperieicne that doesn't leave a lot of time for a lot of Assays. Seems like the BOD are putting all of their eggs in one basket!

Q: How much is anything worth ANS: whatever anyone is willing to pay.

MCAP £9m all assets minus (non core W Africa assets) Senegal & Cameroon according to Bob worth £8m

IAMG spending £4m in Senegal

Cameroon licences acquired and lodged ownership of Bibemi going to 90%

Why oh why did I not just stumble across this share now :o)

Good spot and essentially the maiden drilling programme now needs to map out that area and work out where the best concentrations of gold is likely to be that would support a commercial open pit mining operation. Essentially it would be impossible to have the entire 20KM yielding all commercial gold. I mean it would be great as a share holder but that doesn't happen. Let's hope there is a decent consolidation of gold that can be mapped out and easily mined and we can get out of this naughty price range.

Lets hope the Assay results are a bit like this........

https://twitter.com/justinscasey/status/1407372606655848449?s=20

Results out all resolutions passed, voting quite light. Am thinking Kutzz must not have voted looking at the numbers.

Five working days for 3 sets of RNS. One assumes all rolled up now and dropped this day next week?

MTM I get the feeling the AGM will just be about business, resolutions getting passed and vote results. Don't think there is any Q&A they got that out of the way before the revealed the first drill results (cheeky).

That said they posted on Social media pictures of a strategy meeting (NB which seemed to be minus Claire). I would expect a strategy meeting to happen once they have all the results. So read from that what you will. After all why strategize on results that haven't come in yet. In that scenario my strategy would be to wait on the results!!

So we can either expect all results as promised by end of Q2 and then some kind of strategy update.

I wrote to Crux investors today and suggested they do another no nonsense ORR interview to get ORR pinned down on the value and their newly thought out strategy.

I think it would have been tough to renegotiate the JV with IAMG . Ultimately IAMG are the right partner for that area given their spend going in and let's face it the under spend was fairly negligible @ $172,000 out of 3 yrs. I think renegotiating would have been time consuming and costly in legal fees. Lots of mitigating factors COVID etc, look at the delay in our Assays. SO it probably would have left a bad taste with the partner.

I think the reporting of the ISSUE was badly handled by ORR. Supposedly IAMG report every month with ORR on progress for the JV. Well if you are getting a progress report every month then this underspend should be visible and logged as a risk in terms of not finishing the work and dealt with in advance. ORR seemed to wait until it became an ISSUE and then had to deal with it after the fact which wasn't great. Ultimately the best they wanted in Senegal was to force the hand of IAMG a bit and go do their own drilling, however with Cameroon being the love child at this time can they really afford to do excavation work in multiple places. At least I was pleased to see concurrent drilling undertaken in Senegal by IAMG.

The JV will be interesting as IAMG can earn up to 71% so that is a decent Royalty for ORR if they get a working resource going there. I definitely wonder what will happen with FARE currently there is no option to split the licence so IAMG may have to develop that or leave it sitting for a while. Smart thing would be to negotiate with the GOVT and split the licence to sell FARE off if IAMG didn't want to develop it as it is not trackable to BOTO. Possible option to add a bit more value. That said if the grades are good IAMG might wish to hold onto it just depends on how big their outlay is at BOTO. Production costs a heck of a lot to get going.

@pixar it did look like they posted a picture of a mass grave.

However i Can see TL still laughing in that picture from the side view so I am openly optimistic!

Dudes, in this day and age this probably isn't appropriate but I ain't seen any fat ladies warming up their tonsils. So don't get yourselves too down yet.

Keep in mind the non core non West African assets have an estimate on them of around £8m. They are owed around $1m in the Turkish courts.

Senegal is in a fantastic area. IAMG spending like mofos down there $60M ear marked for this year. So you bet that ORR JV is on their mind and in their plans.

Cameroon still results to come from the first drilling programme. Ok first results didn't look as good as somewhere like Djibouti but still there is plenty in here to at least get your money back (or most of it). As long as you can afford the patience money wise and mentally.

Anyone would think this was a total train wreck, it ain't there yet. TL and team always come across as genuine in their quest to try and get share holder value. True I saw someone posting about warrants etc on ADVN but deep down I think the ORR BOD want to see value for all. After all we all take pride in what we do when we are working eh?

Even Kutzz takes pride in his Thus G&Ts on his Quarterdeck.

Let's see what tomorrow brings and the last of the maiden drilling results as they come!

@Pixar that's quite funny, I was thinking the same the other day, could this be ripe for a takeover. The way of the world and all of that. Knowing my luck it would go through at around 1p. However to be fair. I don't think the BOD would let that happen, we know speculatively Senegal should have us around 1.4p when they put that resource on it at least. Then the other assets even if Cameroon was a right off. But Cameroon has gold so it has to have some value even if Bonanza grades aren't coming out of the ground "yet" there is still a "district" sized set of licences to look over. After all the world is running out of virgin ground to prospect over! Djibouti also @12% I think that could be turned into something decent.

The ORR guys were posting on Linkedin today, they posted a pitcure of their strategy , it did make me laugh I was going to caption it. If anyone has linkedin here is the link I don't know how to share prictures....

https://www.linkedin.com/company/oriole-resources-plc/posts/?feedView=all

My caption was going to be "Right how do we break this next batch of news" or Tim saying "Bob, can you do the next Crux interview"

@Kutzz was thinking the same, I need this to "bag" from here to break even. I was hoping for it to bag when i started investing, just not like this!

I'll go for rock since hopefully rock contains mineralisation which leads to gold.

I thought they would have got something out before the AGM but there we go. AGM tomorrow to see what they say e looking for a big sales pitch. Was looking at the assets in Djibouti (PANDORRA, HESDABA, ASSALEYTA) Oriole has a 12% interest in the company there. Looks like there could be some potential on that ground too. I note from their website it needs updated as results talk about 2020 updates and COVID delays so I'd like to see a bit more information coming out of there.

Lol Galaxy 001, what's with that dude.

It's like "tomorrow there will be rain" (the rain doesn't come) "clouds are forming"

Well today is the longest day, in some ways it feels that way. We have 8 trading days until the end of the month, an AGM to squeeze in and 3 sets of results supposedly to come if there is no slippage! Fun times, let's hope what comes is of good commercial value.

So as guessed, no results RNS today. Forget about the SP today and go have a nice weekend. 42oC where I am at the moment so heading out of town to a pool resort and will work from there.

Big week next week I'm expecting results on Monday or at least before the AGM on Wednesday. AGM may reveal a bit more on strategy and realising value from some of those legacy assets.