Member Info for hunniford

I guess the point I’m making is that because of the gifted shares we may aswell use today as a reference point to say Lanstead are done. We will see no further Lanstead RNS (not that we saw too many over the 2 years)

The 80m + no longer has a bearing to ORR if the last payment isn’t due to ORR this month then those shares are likely sold. Lanstead are now a regular holder like us although they will no doubt sell to zero. Unless they too think the company is materially undervalued 🤣

They were gifted 80m + shares which works out at about 2.15 % ergo…. What they need to sell for Oriole is probably now factored in or pretty much done for this months payment being the last. They are probably cranking through their 80m so may not follow as rigid a selling pattern. So in short we may never exactly know when they are out. Other than to expect it between now and the next few weeks. Any how glad to see the back of that constant Chinese water torture drip drip drip drip.

I sold it at 400 mid july and bought back in at 312 this week, perhaps a tad too early it hit 299 the very next day. I'm ok with that price, unless BTC crashes i think we will be back up to around 400 before next results. I learned the hard way not to hold during the run up to results. I did that in Feb i had a target of 300 to sell, on results day it was rising, I knew the results would be decent so i hung in there. Problem is the rise was priced in for the results. Then the results came after hours and it tanked. Then Mr. T did his Tariff thing and we went from 299 > 155 in the space of a month. I just had to ride it out but it was an eye opener for the rollercoaster of a stock!!

This share has made me some incredible money from being patient which isn't easy I've had the following lucky trades......

$47.5 > $106

$75 > $165

$122 > $250

$200 > $300

$275 > $400

I'd be very happy to see between 400 & 425 in the next few weeks. 425 by Sept 26 would be fantastic!!

Volume was 3.28M today wonder if everyone is holding back. The leadership should make a big deal about Lanstead being out. Maybe we can have an Oriole Prime day where once we know they are Kaput ! everyone buys a chunk of stock to help boost the price !!!

However, I’m guessing they won’t since despite the really unpopular sentiment with Shareholders many insiders still think it was a great deal.

Well my current shareholding which has been strangled from the highs of the 0.4s by 50% thinks a little differently. Come on leadership let’s capitalise on Lanstead being Net Zero and let’s move on from that historical period. Get the PR machine moving this is a great opportunity to acknowledge something the shareholders really don’t like as being done and dusted !!!!

So when do we get the news ????

Volume was 3.28M today wonder if everyone is holding back. The leadership should make a big deal about Lanstead being out. Maybe we can have an Oriole Prime day where once we know they are Kaput ! everyone buys a chunk of stock to help boost the price !!!

However, I’m guessing they won’t since despite the really unpopular sentiment with Shareholders many insiders still think it was a great deal.

Well my current shareholding which has been strangled from the highs of the 0.4 by 50% thinks a little differently. Come on leadership let’s capitalise on Lanstead being Net Zero and let’s move on from that historical period. Get the PR machine moving this is a great opportunity to acknowledge something the shareholders really don’t like as being done and dusted !!!!

So when do we get the news ????

At least you understand this is a gamble, so nothing ventured nothing gained. The Chair of the company must like a gamble too given how much she has invested but then perhaps a little bit of insider knowledge and industry experience gives her the gut feel that this will be a gamble that pays off. Still a risk though!

It won't be fast but I get the feeling we should be able to get into the 30s before or by September.

@yankee BOD comms is always a topic of sometimes what more can they do. There isn't a huge amount to talk about at the moment.

Exploitation - in GOVT hands

Mbe drilling ongoing next RNS a week or two away hopefully but perhaps longer

I suppose they could say we had a positive meeting with 2 HNWIs this week / last week and lets wait and see if they invest.......

None of this is going to super move the needle. However, it may make some of us feel better.

I know I do push them on Senala but then i suppose if you have a reluctant partner who isn't in a rush and may not return your calls how much can you push things there.

One obviously hopes the Rolladex is spinning and these kind of attract investor calls and meetings are taking place every week.

Well - here's the thing we know this negative sentiment is encouraging people to sell. They are piping up on here to confirm. So for those who are LTH's and are slagging the company off you are kind of shooting yourself in the foot as the SP will descend more therefore, counter to what you want.

In an ideal scenario we'd be out there saying Oriole is woefully, crazily undervalued and in six months time the SP could be at least double from here.

Why do I say that, well........................

Big pro longed seller practically out, maiden drill program extended but coming to an end, next drill targets identified, Govt being pushed to fast track exploitation licence!! No immediate need for dilution & raises, possibly if the Stars align for 18 - 24 months. Insiders in the company with almost 8% Skin in game!!!!

I think people need to take stock of what is going on here. Ultimately the only thing that will get this business over 1p is if Mbe isn't a complete flop. We are still very early into a drilling program. Too early to make those kind of determinations yet. Everything else is a bit of a side show. That said getting the Bibimi exploitation license will be a boost to the business and hopefully the SP because of what it signifies rather than what Bibimi can deliver.

As other posters have said the smart money will come here when it becomes too good to turn down!

Of course i want to see new investment and legacy projects put to bed AND adding value but anyone thinking this gets over 1p without good results at Mbe is delusional!! Mbe still has months of drilling ahead so there is no quick fix here regardless of how much it gets debated on here!!!

I would suggest smart money be waiting on later Mbe results, but that doesn't mean folks cant make money from where the current SP is. After all no immediate raises required and a possible bonus payment looming over Mbe probably in a year or so could keep things going longer without raises.

Hi everyone, perhaps not the results folks were looking for but we still are seeing gold presented in EVERY drilling result. If we can keep this up whilst the drill program is extended and continue to do this. This remains open in all directions so to me that presents some additional hope!!

This company really hinges on Mbe if we get drill results that are still decent or at least hitting gold then we should be good. Lanstead riding off into the sunset and a bit of good sentiment I think .3 could be taken out next week.

Yeah that's a bit naughty but then Lanstead play a bit differently! So if I ever go over the threshold I'll play the same games!!

So drilling RNS for Mbé next week? Last results 24 June. So possibly Tuesday or Wednesday?

Nice one on the buying folks follow the BOD bye bye Lanstead let’s pick it all off this could be an unbelievable price to be in at Mbé drilling updates soon perhaps early next week since the BOF times a buy outside news. Another decent drill and sentiment could drive this!

Well I did mention last week that I don't think the Directors buys would move the needle much, seems that's the case. However, perhaps let's be grateful that they have added to their holdings in the open market. It's a statement of intent, there is nothing written in stone that says they had to do that.

The smartest investors have diversified portfolios and don't put all their eggs in one basket (NB I'm not putting myself in the category of smart) I'm sure these guys have other investments other than ORR!

However, if BTC manages to hit $20K soon and COIN gets over $400 I will definitely add some more ORR to my portfolio even though I'm way overweight on it but with the current MCAP it's really hard to ignore this!

Hopefully next drill results keep the trend going, Mbe very much is the company maker here and what the chips are sitting on. A bonus payment on Mbe by year end (if possible) would be another great statement of intent!!

This has risen nicely I got in at 299 got a target of about 400

I think from memory most of the holes were upto 200m and the scissor holes went to 290 but would need to confirm that.

Remember the drill only goes down to 200m there are many African mines that have continued to find gold beyond 200M

Well looks from the RNS just released we can see some of the BOD have bought at this - hopefully bargain price to be very much repaid later when this re-rates..

Cheers BOD.

Lanstead got 83.7M shares as a welcome gift too, wonder what they are going to do with those? I really can't see Lanstead being a LTH of ORR and sitting on those shares waiting for growth but I could be wrong, wonder what their user name would be if they jumped on here?

Putting last week aside, it was great to see so many people engaged in the debate (including Saturday posts = hardcore) and sharing a range of opinions. It’s important to have differing viewpoints — otherwise, the LSE board just becomes an echo chamber. While I don’t agree with everything that’s said (and I’m sure not everyone agrees with me either), it’s healthy discussion.

Worth noting, the leadership do read these posts, so we should be mindful of that when writing — everyone has feelings. I’ll say it again: they’re all passionate about ORR and genuinely want it to succeed.

On the share buying point, it was interesting to see the warrants reduced; in fact, it’s now actually cheaper to buy in the open market. I’m glad the board all have skin in the game — ultimately, how much they choose to buy is a personal choice. Salary-wise, I want to see them compensated fairly to stay motivated, but at the same time, I also want to see clear results. Perhaps "Rosser & Smeeton" have an adequate holding of shares already; after all, this is still a high-risk play. In some sense, it’s gambling — big risk, hopefully big reward. Today’s RNS goes some way toward chipping away at the de-risk iceberg! Perhaps I’m the clown for holding over 100M shares, though I do take some comfort from Eileen’s holding!

However, our flagship asset, Mbe, still looks on track to deliver what we need — that’s probably where the real needle move will come in time. As mentioned last week, it would be great to see the board close out some of the old milestones, as it would give us some closure and show progress outside of exploration!

While it’s frustrating to see the share price at this level, the flip side is it could be an opportunity for those looking to top up. I have a few other shares in play, and if they yield some extra coin over the next few weeks, I’d be very tempted to add a few more million here at this level.

Another gamble — on whether the SP rises after Lanstead, or eventually after bagging over 2M oz at Mbe!