Return of the mack...19 Jun 2022 17:15
What's happening everyone?
I read the latest Bibemi update and it all sounds promising (as always) the identified zone in the PDF shows an area of alteration of 10m, if this is relatively mid to high grade then that is a decent start. 10m @ 6g/t + au would be nice.
Despite the macroeconomic outlook with the worlds markets, I think what's killed the appetite for Oriole at the moment is the BoD's view on dilution however we've all spoken enough of that in the past so my fear is that any good results may get outweighed by the elephant in the room.
Looking at a chart, I can't see how this can get much lower as it's almost at its all time low since the takeover however I'm sure Mr Market will prove me wrong next week.
Either way, Assays and a JORC estimate may give this a boost...... any one care to speculate on the size? I suppose it depends on the next set of results. Anything above 100k oz would be a start.
Hope everyone's well, Crypto has been decimated recently and at least everyone else can feel what its like to be an Oriole investor!
We are seasoned veterans at being in the red.