Member Info for hunniford

Yep. I do not foresee any raises in 2025 but we can get more details at the AGM. If we can get a success payment for a good MRE at Mbé that could really keep us away from the raises for quite some time. This will be the current goal, time will tell!!

Hey Tom, good point on timing — it's the eternal question when it comes to investing, especially on AIM.

From my perspective, we’re sitting at a low point in both market cap and share price. Could it go lower? Possibly — who knows. But one thing I’d recommend is reaching out to the Board and seeing if you can attend the AGM. It’s a good opportunity to ask any pertinent questions directly, and they should respond to the best of their permitted knowledge.

One topic I hope to raise at the AGM is whether, when the company needs to raise funds in the future, the Board would consider engaging with shareholders first. For example, ORR has nearly 5,000 followers on LinkedIn. If they needed to raise £1.5 million, that’s just 150 people contributing £10k each.

Viewed like that, it's not entirely unrealistic — a kind of "GoFundMe"-style raise among shareholders. With the right coordination, attractive terms, and Board support, something like this could work and remove the need for arrangements like Lanstead that have arguably weighed on the share price.

Personally, if I had funds available, I’d be very interested in supporting a raise structured in this way — especially if the Board backed it.

I honestly think we are looking at a minimum of 2M Oz at Mbe!!

If this turns out to be true, then buckle your seatbelt Dorothy because Kansas is going bye bye!!!

Nice one Kutzz.. You’ll have some interesting questions no doubt! Plus I can happily do a G&T chaser!!

🎉 So folks… it’s officially June. The summer we ordered hasn’t quite arrived — I got absolutely drenched in good ol’ Londinium yesterday — but let’s hope the forecast over at Oriole is looking a whole lot brighter for the rest of the month. 🌦️☀️

Now, June also means AGM season, and if you’re a shareholder, this one’s a must. Seriously — if you can make it, go. It’s one of the rare chances to sit face-to-face with the leadership team — no smoke, no mirrors, and certainly no glass wall. Last year, they were open, honest, and generous with their time.

💬 This is your chance to ask questions directly — not behind a keyboard, not filtered through forum noise — you to them, live and unfiltered.

And let’s be honest, there are some big questions on the table this year:

1. 🇸🇳 Senala – Deal or no deal?

2. 💰 Exploitation licences – Where are they?

3. ⛏️ Artisanal miners – How much of our gold have they wandered off with?

4. 🪙 Mbé – Is this the birth of a 2Moz+ monster?

5. 🗺️ Central licences – Are we drilling or just daydreaming?

6. 📈 Investments – What’s the spend, what’s the plan?

7. 🫥 Lanstead Sayonara? – And who’s the Son of Lanstead 👀

So, who’s going? I know not everyone can make it, but if you’re sitting on a chunky holding — 100M+ shares — then get yourself there and let your voice be heard. This is your company too.

🍻 And if nothing else, there’s a solid pint waiting just round the corner at The Horniman to wash down whatever’s said.

So — who’s in?

I think if they had any sense they would be following our RNS drill results and working to that. Not sure if the scientific work from Shie can confirm if the artisans follows where we drill i suspect they have picked dry anything we unearthed during the trenching work that was done at Mbe.

I wonder how much gold the artisans can actually get when you see the drill results we have, it isn't exactly huge grade territory, so I imagine they have to shift and sift a lot of dirt to get any gold, they are also hampered (allegedly) from using heavy machinery. I assume our explore team keeps an eye on that. Obviously they are making something otherwise would not be there.

Well I guess if the Artisans are there in droves that obviously means we are onto a winner at Mbe. As i understand it there are restrictions on how they can excavate the soil. No heavy machinery etc. Still the sooner we can get the drilling finished, the MRE defined and an exploitation license there the better.

Not sure what use ORR UK management would be traipsing out there to show presence, it takes the best part of 24hr to get there and then looks like all the argy bargy went down in French. That's why we have an in country manager with skin in the game!!

Yeah i imagine those artisans get the RNS for the drill results too. If i was them I'd be around that latest hole trying to dig down and get what's there!!

Got a transcript Schie ? My French isn't that strong these days but looks like there was a little bit of unhappiness about ORR on the ground?

This company has a habit of catching people out. I think we needed a few people to sell to reset the clock and therefore catch a few people out. It happened just before BCM many sold out and then up we went.

Interesting in the presentation where Martin mentioned Barack are spending $22m to look for (publicly disclosed) 2M OZ, we have a decent licence there. It does perplex me how little that has been properly explored given some of the grades but I know IAMG weren't the best partner.

The other way to look at it with Barack spending $22m looking for 2m oz in Senegal if we can do 2m+ at Mbe alone surely some of the bigger players will really take interest.

Hopefully the Cameroon govt do their part and really make mining attractive in country!!

Cekim I can tell you all the ORR folks read these posts. I know that for sure.

I'm getting 23 to buy so i think they are sells since below 23 but yeah who knows, this has always been a tough share to figure out. I guess some folks have made decent COIN trading it.

I think everything ultimately comes down to demand. If a business puts itself up for sale and there’s no buyer interest, then no one is going to pay over the odds — it's just basic market dynamics. For example, if we were shareholders in a company making acquisitions, we’d expect our management to secure the best deals at the lowest possible prices to maximise shareholder value.

With that in mind, I don't think a realistic buyout scenario is on the table until Mbe is sufficiently drilled and we have a solid Mineral Resource Estimate — ideally 2.5Moz+. That kind of scale starts to move the needle and gets suitors paying attention.

The best outcome for shareholders would be multiple interested parties — a genuine bidding war. That should be the goal here. What we find in the ground is only part of the story. We also need strong PR, broader exposure, and market recognition so that everyone knows what Oriole Resources is sitting on. Hopefully, the Bibemi exploitation licence helps trigger more interest and credibility.

And once Lanstead finishes up, we may enter a bit of a golden window — potentially the right time to accumulate while the wider market is still catching on.

Ah thanks how do i find that can you share a link please? Tried searching but couldn't see anything.

Not much chatter on here?

The ORR “truth machine” has been out there probing and only gone and found a whopper!! 😀

This shows there is gold ripping all the way through this! Mbé is really shaping up to be something else!!

We are definitely due a re-rate what more do the masses want at current MCAP. With Lanstead out in 3.5 months and only selling 2M a day should easily be absorbed of the herd arrive.

Cone on ORR lets ’ave It !!!!!

Crikey that’s an interesting RNS for Mbé

Still digesting it !!! 😀

I think the person needs to do their own research. What kind of return are they looking for? This (and indeed most of Aim) is like gambling. There are many risks, including not finding the required gold, the geography of Cameroon, the govt of Cameroon etc etc the list goes on. If they want a safe return over time I'd put it in an S&P tracker. However, if they want a punt that could yield several multiples in 2 - 3 years Oriole could be the place to be.

The share price hs not performed to all of our expectations but the Chair of the business has invested personally and heavily. So take from that what you will.

I was wondering would we see more Director buys given the low share price and recent news

I don't think i have seen that many chat messages in one day on LSE for ORR since the pump & dump days, even though most of the messages today were drivel. Be great to see interest in this company steadily grow. Once the wackos and rampers start arriving en masse we will know we have turned the corner!!