Member Info for hunniford

Well one point to note the traded volumes are at 151M + today. We haven't seen that for quite some time!!

This was on Claire Bay's LinkedIn.............

We're delighted to report that results for the first two drill holes in the maiden programme at our Mbe hashtag#gold hashtag#exploration project in hashtag#Cameroon have confirmed a discovery.

The intersections reported today for hole MBDD002 have confirmed gold mineralisation to more than 200m below surface and include several closely-spaced zones (up to 17.30m wide) of plus 1g/t Au material, correlating well with the results from the nearest trenching results, located 40m along strike to the north. These zones are surrounded by a lower grade (approximately 0.60g/t Au) envelope which cumulatively extends over a width of 75m.

Results for the next two holes are anticipated before the end of the month, and the fully funded programme still has over 5,000m left to drill.

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Hopefully they can get that other rig down to Mbe once Bibs is complete, last 2 holes being drilled and that way we can speed up the results. Bibs took an incredibly long time to drill (or perhaps it just seemed that way).

Yeah just have to wait and see how this all shakes out. Early days but at least we have some gold, hopefully as the drill program expands we keep finding gold right across the drill area.

Well at least we are another week closer to some Mbe results!! Next is month 2 of Q1. Safe travel to anyone from the biz going down to CPT. I hope you have a productive conference and have some promising news to share with us eager shareholders when you return!!

Fingers crossed Mbe lives up to it's billing and the results come good. Have a good weekend folks!!

Not sure if BCM can do Senala isn't there a joint venture meant to be getting penned with Mangem at some point?

Agree HRY nothing screams invest in us, more than some cracking results from a maiden drill campaign. Particularly as one of the investment plays could likely be to drum up support for exploration in the other Central licenses.

I often wonder would BCM be interested in taking on further exploration of more of the central licenses if the results at Mbe come back really positive. It would actually simplify things if they did!!

Well I did say I wanted a couple of RNS this week, not quite what I was expecting!! But it's news.

Not sure I understand this point in the RNS...........

· Approval for a change of substance at Wapouzé, from gold to limestone, was given in September 2023 but exploration work has been on hold pending this critical renewal.

It would see odd to wait almost 2 years to then obtain an extension for 2 years?

Anyhow hopefully this can be pushed out to an 3rd party agent or someone experienced to deal with as I think it would be a distraction on what we are really all here for which is gold!!

Sure a royalty would be great but history dictates that these things seem to take a very long time to come through to Oriole. Fingers crossed the next RNS is related to drilling with (praying emoji) amazing drill results!!

I'm anticipating 1 or possibly 2 RNS announcements for drill results between now and Monday, aligning with the start of the mining conference in Cape Town.

Given the significant costs involved—flying the team to CPT, accommodations, and the expense of exhibiting—it would seem like a major missed opportunity not to have fresh drill results ready for discussion.

This is especially true for Mbe, where samples have been in the lab for weeks now. With so much attention and expectation riding on Mbe as the potential flagship license in Oriole’s portfolio, releasing updates now could be a key moment for investor confidence and broader interest.

So let's see what happens, fingers crossed......The tension is mounting!!

This company is currently in the Cheyne–Stoking phase of life, a common feature sadly found in many of the residents of Hospices before they shuffle off their proverbial mortal coil !!

Of course no doubt AZ will have engineered immortal life for himself!!

Anyone fancy a road trip out to Mbe if the drill results are great? Looks like Sam's flavour is the place to eat & Hotel Falaise is the place to say!!

On a serious note amazing to see the activity going on there, nice fine Schiehallion. hopefully in 5 years time Mbe will be a bustling new gold frontier and Oriole will be at the centre of this!!

Just wondering how much gold is sitting in the ground there. Hopefully, not too much longer to wait and find out an for the initial results!!!

It’s important to remember that we’re just days—at most, a few weeks—away from getting results at Mbé. While the current share price can be frustrating, I see it as a short-term annoyance. I know it’s tied to the money we earn from Lanstead, but in the very short term, I try to view it as irrelevant.

Investing in junior miners is inherently risky. Anyone expecting guaranteed returns may be setting themselves up for disappointment. It’s easy to overcommit to a single share—I’m probably guilty of this myself—but there are reasons I remain optimistic about my investment in ORR.

Key Factors Supporting Confidence

Knowledgeable Leadership: Our leadership team includes experts in geology, and their excitement about Mbé and its potential was evident at the AGM.

Imminent Results: We’ll soon get insights from the first four scissor-cut holes. If the results are as promising as I hope, many of the current concerns may fade away.

JV Partner Commitment: BCM, our joint venture partner, has committed $8 million to exploration. They carefully selected Bibimi and Mbé, which speaks volumes about the potential of these sites v current valuations.

The Bigger Picture

There’s been a lot of talk about the current share price. While raising valid concerns is fair, I think negativity on the boards can sometimes deter new investors. Imagine part owning a café and standing outside telling people not to come in because the owners are getting paid too much —it’s counterproductive. The AGM would be a great place for discussions on those points or indeed directly emailing the team, I believe they are fairly responsive.

That said, I don’t believe in ramping shares unrealistically either. We’re here because of the potential in Central Cameroon, and that potential could be transformative but it is also risky, hence Risk v Reward!!

Bibimi (or “Bibs”) may not be spectacular, but with the latest drilling campaign, we’re set to bolster the JORC and it very much could be a profitable project in excess of the current MCAP. Legally structuring Bibs for exploitation would also be a significant milestone for Cameroon, showing it’s open for business. On top of this, promising results from Mbé could really set things in motion.

Upcoming Opportunities

There’s also a mining conference in Cape Town soon, and I believe representatives from the company usually attend. Positive news from both sites would give us a strong story to share at the event—a great platform to showcase our progress and attract new investors or buyers!!!

Patience, folks. We’ve come this far; it’s not much longer until we learn our fate. Here’s to hoping the next few weeks bring exciting news!

If anyone is considering selling now I believe you either have to not believe in Mbe which is fair enough because if it is pants the SP will fall further, or you believe in Mbe and the expertise, experience and intuition of the BOD and want to rol

Ahead of the first Mbe drill results, I'm reminded of a question that was asked at the AGM, which I have dug out with the answer provided. Let's just hope skilled Geology and good old fashioned intuition pay off over at Mbe it is now 4 weeks since the last RNS.

Q: How bullish are you on MBE? Could it be 4 or 5 million ounces?

A: David mentioned he has seen many grassroots exploration projects grow to multi-million ounces. Particularly when looking at a gold corridor, the potential for other similar or better opportunities is there. BCM has a consultant geologist with over 50 years’ of experience who mentioned that not every geologist gets to see an exploration region with such potential. Obviously, as a company, we have to be conservative with what is possibly out there, but this is certainly promising.

NB that should say "we will know" since this Bboard at the minute is still very civil and cordial, compared with something like TRP.

Yes ideally if we could get that Turkish Royalty sold by Sept and for a decent price that may support TopCo for another 1 - 2 years without us having to do a another raise, that would be really good for the share price, that is if we can get interest back into this company. Ultimately we know we are going in the right direction when the d*ckh*ads arrive en masse and start noising up the BB. :o)

It looks like there was a few ‘sells’ this morning but I can confirm they are all buys.

Hey Kutzz did Santa spring you a few more ORR tokens ??

:o)

Actually I made a slight SNAFU holes drilled between 11 June 2024 and 28 November 2024: 25 weeks was 46, not 49 which brings the average down to 1.72 holes per week. I haven't counted the data from Nov - Jan due to Christmas & NY for obvious reasons. However, it only moves things slightly and with contingency the finish time should be around the same time.

I agree with the sentiment—this update might have been influenced by some "forum pressure," but I’m okay with that! Ideally, I’d love to see updates on a regular cadence, even if there’s no major news to share. For example, a monthly update could provide insights into how things are progressing in the field. While some people might argue that such updates aren’t always newsworthy, I believe open communication channels are far better than silence. As shareholders, it can sometimes feel like we’re in the dark about what’s happening, and that doesn’t do justice to the hard work being put in.

That said, I’m very grateful for this latest update and appreciate everyone’s ongoing efforts. Thanks to Schiehallion for breaking things down @ Bibs—I was finding it challenging to wrap my head around the progress. From the various RNS provided, here’s a timeline of progress at Bibs:

25 March 2024: RNS advised that 7,060 meters of drilling is planned across 62 holes.

11 June 2024: RNS confirms drilling has commenced.

17 July 2024: RNS confirms 10 holes drilled and 1,244 meters completed.

12 September 2024: RNS confirms 22 holes drilled and 2,814 meters completed.

14 October 2024: RNS confirms 31 holes drilled and 3,741 meters completed.

28 November 2024: RNS confirms 43 holes drilled and 5,024 meters completed.

14 January 2025: RNS confirms 49 holes drilled and 5,856 meters completed.

Now, let’s crunch some numbers:

Remaining holes to drill: 13.

Weeks between 11 June 2024 and 28 November 2024: 25 weeks (inclusive).

Holes drilled in this period: 49.

Average drilling rate: 1.96 holes per week.

Using this average, the estimated timeline for completion is as follows:

Time to complete remaining holes: ~7 weeks.

Completion date with contingency (9 weeks): Week commencing 17 March 2025.

Estimated final results (1 month later): Likely by 17 April 2025 (based on sometimes often Thursday RNS releases).

These are, of course, estimates, but they provide a guide of where we stand. Thanks again to everyone for the updates and all the effort going into this project. The transparency is appreciated!

Now the question is do i buy some more???? The current price is way below last director buys!!!

I was hoping there would news this week either from Bibs or Mbe.

Bibs was meant to be finished in Q4 2024 according to an RNS in Oct then in Nov we had an RNS to say finishing in Q1 2025 does anyone know why that was did they add extra holes?

I may have missed the explanation around this.

HNY! Folks, been laying low in Thailand with the family!! Still here actually but bored with daily drinking and beating the missus at pool!!

Looking at the share price one could be forgiven into believing 2024 was a pretty crappy year. That said & on the flip side.

- Drilling almost complete at Bibimi

- Exploitation licence applied for at Bibs and will likely see approval once drilling and results completed.

- Maidan drill campaign underway at Mbé

- Other value sitting locked up in Senegal

- Gold mineralisation identified at Gambouko

We also had a brokers note in Oct 2024 which put huge weight on Mbé being the company maker, the MCAP at that time was £13m we are now sitting under £10m

Insiders in the company bought at .33p and above. As others have said January has been a good month for Orr historically. Hopefully the leadership can conjure some more healthy RNS to help boost the SP.

Even though the results at Bibs aren’t exactly bonanza I think it could be a good standalone project but perhaps more importantly when the exploitation licence comes through this kind of green lights commercial gold mining in Cameroon. This probably shouldn’t be underestimated because of where the current MCAP is but also for the significance. This action also has the potential to vicariously boost the value of some of the under explored licences the company holds. All of this means there is a lot to strategically play for with a good plan of action.

Hopefully our leadership team can provide more insight into this via RNS and other formal comms going into 2025.

Unfortunately Oriole has fallen out of love with many including some folks on the various bulletin boards. Fingers crossed some decent early results come out of Mbé and all is forgiven such is the nature of these things.

Best of luck all and here’s to a really great & prosperous 2025!!