Member Info for hunniford

Pretty solid interview, explaining what's going on. This is still a risk but the upside reward could be very much worth it. Been a long old road to get here. But by year end we could have resources finalized on 2 great projects and an exploitation license in place for one of those!!

Great to see the news on Bibimi come out we knew it was coming. Look forward to hearing more details about next plans from the company insiders. I wonder how much BCM have spent to date earning in? From reading the RNS there is obviously real potential to get this resource over 500K oz.

Let's hope they can get the exploitation licence through and this really becomes a mine in waiting. This would be a massive boost for the company and the country of Cameroon as a whole! IT would also stand us in good stead over at Mbe too!!

Slowly the puzzle pieces are slotting into place.

Now that the dust has settled after the recent RNS, it’s fair to say this was some of the best news we’ve had all year — a real step in the right direction. While the company still carries the weight of its past, there’s a real opportunity here to shift the narrative and bring some much-needed positivity back.

Frustrations on these boards are understandable, but this could be the start of a turnaround. The road to redemption might just look like this:

1. A long-overdue updated Bibemi MRE

2. Followed closely by the exploitation licence

And with a bit of luck (and geology), we’ll keep seeing strong drill results out of Mbe to build real momentum.

Exciting times could be ahead — let’s not lose sight of that.

Here we go.........

https://www.proactiveinvestors.co.uk/companies/news/1071041/oriole-resources-reports-major-gold-intersections-as-mbe-drilling-delivers-best-results-yet-1071041.html

Great results from the drill. Things are starting to take shape, alas we have a lot of work to do on the PR front to get things back on track. If anyone is known on other boards should do a bit of cross ramping to get the word out there. We are still at a bargain price here. Way below the price we got to before BCM even drilled a hole. Hopefully there was some interest at the mining conference last week.

I don't know much about how funds work but I believe some act very cautiously on what they buy. However, all this needs is a few interested high net worth individuals or families to throw some money into this and build a sizeable position. They could see great returns in a fairly short time period. Something many of us weary LTHs would love to see too.

Yes indeed current MCAP is a challenge but with some decent results, an exploitation licence in place and some new investment coming in or even a Royalty or a JV in Senegal and things could turn around pretty quickly.

I try to take a balanced view but I think it is very difficult to disagree with some of the points H5O makes here. I have only been invested in this company since 2020. I sold some towards the end of 2021 at a loss and somewhat disillusioned with the weekly /monthly drop off of the share price. In April 2023 I started investing again after the Chair did her valiant 195K subscription. Since i figured "wow an insider is willing to invest their own money into this at that level" it is likely a good signal!!

From my perspective, there have indeed been a lot of words and the truth of the matter is the share price is the real REALITY CHECK.

I think a lot will be forgiven if Mbe turns out to be a multi million oz resource as it should start to open doors for the other central licenses especially if the geology hints that there could be some overflow.

For what it is worth, I don't think the bod are sitting back scratching their ar*ses and waiting for the investments to come to them. However, I agree with others I don't think they win the PR battle. For instance imagine a scenario where Marty's rolodex is spinning like a ferret's wheel and he's having about 5 - 10 calls per week with potential investors, JV partners, HNI's or industry fixers, yet the shareholders are pretty much in the dark, so they continue to slate the business (since this is one of the few avenues they have) on public forums which ultimately isn't a great thing since it puts of other potential investors, yet is totally understandable!

The classic example being Indaba in CPT one could almost be forgiven for thinking "What goes on tour................."

Typically I'm not one for the advocation of spending money! However, I think the BOD should consider looking at bringing on some additional (dare i say it) younger talent possibly in the form of advisory board members to help with sales & marketing and helping to grow further presence in the industry that may be a little different from the current leadership's experience. I'm not suggesting bringing onboard influencers from TOWIE or even Bonny Blue although word has it the latter is very familiar with the drilling side of the business!!

Possibly there are folks in the city or in other sectors of mining who have experience with attracting investors, who could work hand in glove to support Martin. I'm not suggesting Martin has to do all this himself because it should be a team effort and everyone can do with a bit of help and a fresh perspective from time to time.

Thanks for sharing Yankee - not sure what our BOD can do for comment on this as it is not really in their remit to comment on what other companies are doing. Hopefully, though they are pulling together some decent news for ORR.

Volume of shares traded today 2,301,077 last time it was this low was Christmas eve and that was a half day!! I think even Lanstead didn't bother today! It's clear we have work to do hopefully next news flow soon!!

Tony is the man., only problem is we need subtitles to understand what he says. However, I wouldn't like to meet Tony's wife down a dark alleyway, I reckon that lady is probably pretty handy with her fists!!

I don't doubt the BOD are working hard on this behind the scenes, I know for one there have been a lot of shenanigans to get things like the exploitation licence and JV paperwork over the line. Between the team current and former, they own a decent wedge of the business which is good to see and they have a long term approach.

Of course many of us LTH would query how long should long term be, having been in here for quite some time and not seen the gains we expect.

Ironically tomorrow marks Martin's one year anniversary in the biz. So congrats Martin maybe they will get you a cake!! Or some decent core results!!

Perhaps a time to pause for thought on what has been achieved in this last year but then also a dose of reality considering where the SP currently sits.

Hopefully the Cameroon govt get a wriggle on when the Bibs MRE comes and get the exploitation license signed off.

Has anyone got Parker Schnabel's email address?? Perhaps he wants to do a Gold Rush series on Cameroon!!!

We’re expecting some news shortly, including:

Bibemi MRE update – this should be pretty close.

Mbe – next set of drill results and a drilling update.

Senegal JV.

Bibemi exploitation licence.

Mbe – additional drill results.

Lanstead bowing out of ORR with a whimper and a fart!

Mbe – final drill results.

Mbe resource estimate.

Is it all doable before the end of 2025?

One thing noticeably missing is any new investment news since BCM. I’m sure the team is working hard to source new investors, and that may become easier if Mbe proves to be a decent-sized project. I think we have to take Martin, the CEO, at his word when he defended his position in the recent Q&A. To paraphrase, he believes he’s "the right man for the job," based on his experience — and, more importantly, his City connections and long-standing interactions with investors throughout his career.

So, no pressure then, Martin!

The AGM is exactly 8 weeks away — a great chance for shareholders to meet the leadership team and ask direct questions about their investment. I’d definitely recommend attending if you can make it without major travel issues.

Isn't this in the hands of the govt for approval? The problem with govts is that they work to their own timetables. When you meet them they are all smiles and "yes we want to get this moving" then they revert back to whatever else steaming pile is sitting on their desk and your stuff gets assimilated into the pile!! The joys of dealing with foreign govts!! Actually the UK govt ain't much better on some things, so C'est La Vie!!

@beardozer, given we are a junior explorer who often needs funds to do exploration work, how do you think we could buy back shares? I mean Lanstead still have a chunk to dump onto the market and as I understand it we won't need to raise funds for a period but then at some point we probably will again, hopefully we've locked in enough value at Mbe, Bibs & Senala by then to pad out any further raise but yeah not sure how the biz could be in a position to do buy backs at this stage.

How would you like to see it working?

Yeah i wondered what all the 2 share trades were, I thought maybe Lucky Abby was building another position in the company!! According to my electronic friend here are some possibilities.........

Algorithmic Trading: Automated systems breaking orders into tiny trades to minimize market impact.

Market-Making: Small trades by market makers maintaining liquidity in low-volume stocks.

VWAP Strategies: Algorithms executing micro-trades to achieve a desired average execution price.

Market Signaling: Tiny trades used to test market depth or subtly signal trading intentions.

Regulatory Compliance: Small, repetitive trades monitored to prevent market manipulation activities.

Volume is a little lower today. I think everyone is waiting on the next news before getting another leg into this share. Could be a risky strategy, when it moves it will move fast, news could drop about Bibs any day over the next few weeks. More drilling to come at Mbe, it would be great if the drill found a few nice pockets over the course of the targeted zone!!

The business could quickly be on an upward trajectory from here. We have been down low before and bounced back, last time it was the BCM JV news that got us moving. With Lanstead almost finished and if we can get some assets adding cash to the balance sheet we could see a nice re-rate. Certainly this is what the insiders are expecting / hoping for.

If we can finish phase 1 drilling at Mbe with a fairly decent campaign and fingers crossed it hints at being over 1M+ Oz it would be hard for the wider market to ignore ORR.

Olly not to hijack the thread but I have quite a bit of TRP 🤦‍♂️

I just don’t post over there as I don’t feel I can offer much value over and above the echo chamber on LSE. One thing for sure is that TRP isn’t a boring hold and if something happens it could come soon. That said I’ve only been adding over the last 6 - 8 months. So I am a bit of a novice compared to the other much longer term holders who have seen the hype and misery for much longer. But maybe just maybe JA can get it together??? 😀

Best of luck with the sovereigns that could have be an astute move with where gold is these days !!! But I don’t know anything about sovereigns.

Olly there are a couple of ways to look at things. I don't think anyone from the company has explicitly told anyone to invest in the business. However, do they want folks to invest yes of course. The message they conveyed yesterday .. it is their belief the business is currently really undervalued. One could also argue... well they would say this, because it is their job. I can't argue with anyone there. However, I also believe the company is undervalued given the assets we hold but then someone could also argue..I would say this because of the amount of confetti I hold here!!

I am curious Olly, how many shares do you think Martin should own as CEO? Genuine question.

I think 14M is a fair amount for someone who hasn't yet been in the job a year. There is no requirement stating if you take a job as CEO of an AIM Co that you must invest a good chunk of your salary in the same business. Perhaps Martin has a highly diversified portfolio of which ORR is one of many stocks he holds, who knows? His personal portfolio is just that, personal!

On the buying shares point. Perhaps Eileen spoiled us with the amount she bought. I'm grateful to see someone in leadership buy that many shares, it kind of keeps me sane, knowing someone has a few more than I have (in the same boat mentality) Plus it's good to know the Chair is a long term holder. Of course I'd also love to see more buys from insiders purely for selfish reasons. Although when they do buy it doesn't really shift the needle either. When you add up all the shares the insiders own plus the ex CEO it is a decent amount, currently almost 8% of the company based on total voting rights of 3,895,872,338 (last released Jan 24) so hopefully we all get to see some stellar returns if they can get this company back into the "loved" column.

Martin did raise a good point yesterday when quizzed on Alexander - that exploration mining is risky but the rewards can also be exceptional. There is no doubt the territory we are exploring in Cameroon comes with risk, it certainly isn't Australia. So until this gets over the line with hopefully some kind of excellent deal that risk for us will always remain.

Yeah Loot I didn't agree with the question that was directed to Martin (or perhaps how it was directed) but to be fair he didn't dodge it when he could have and the answer he gave was satisfactory for me, perhaps a good reminder that this is the exploration business and nothing is guaranteed. So perhaps we can draw a line under it for now. Folks also have the AGM if they want to take a particular point up in person. They usually hang around after and speak with the shareholders.

The volume traded today was 40M so apart from April 10th the highest volume traded for quite some time.