Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Martin draws on his previous experience to help the company In the new exploitation phase for Oriole.
Bibemi phase 5 drilling and moving towards a resource to mine.
An RNS showing a nice large directors buy is what this needs to steady the ship
Agreed oil player.
I’d also like to see him take a significant stake in Oriole to prove that he is here for the right reasons.
Tim was a geologist at heart and had passion for Cameroon, ultimately wanting to discover a new gold district. You know he was here for the right reasons.
It’s only day 2 of Martin’s appointment but for me, who has significant skin the game. I want to know that his interests align with ours.
I never had concerns that Tim wanted the best for the company and share holders, some difficult times he was at the helm of Oriole but the forecast was starting to look a lot better.
It was clearly a joke coyote however I do hope the best for team, not sure why he decided to move on/step down. I hope he is well and it is nothing health related.
Seems a shame to lose him at such a pivotal and exciting time for the company however I’m sure Tim will still be heavily invested in what happens in Cameroon, not just monetary value but on a personal level as it’s been a huge part of his life the last 6 years.
All the best Tim.
No leaving card but I do think we buy Tim a big box of confetti? About 3bn pieces to be exact….. after all that’s what most the share holders got….
Only joking.
Good luck on the next adventure Tim. Shame you couldn’t lead Oriole into the promise land, I feel this adventure is only just beginning.
It would be nice to see a proactive interview with the new CEO.
I’m sure Eileen and Bob will be steering this ship.
Also be nice if he dips his hand in his pockets, nice and deep and shows all shareholders , much like Eileen , Bob, Tim & Claire had done previously who have taken part in previous raises.
Agreed, it would be nice to see the new CEO invest his own money proving he has skin in the game.
Ultimately he wouldn’t haven’t been employed if his values didn’t align with the rest of the team.
Eileen still has £200k+ of her money invested which is her main interest.
Whilst short term it may rattle the share price. Long term there is enough substance with the two JV’s.
Drilling is happening as we write and results expected end of Q2 (2 months)
I don’t think Oriole intend on doing another subscription agreement. It helped them in a jam when the share price was 0.20 and they didn’t want to raise at penile rates.
The company is in a far better position than it was in August 2023. The fact they signed two $4m JV’s and a 7000m drill programme is underway.
IMM is also a completely different company , who knows what was happening at the time they took the agreement. The only thing Oriole has in common with them is that it used the same company, that has no real bearing on performance.
If the share price sustains a rise, the agreement is a great move. Similar to IMM , Oriole can generate more than the benchmark price. What we need is news and volume , which are hopefully on the way.
The more that Lanstead and negativity are brought up on the forum the less investment this will get.
You may as well post a keep clear sign which is the exact opposite of what we all want?
Technically Lanstead don’t need to suppress the share price. They can sell a fixed amount of shares a month and cover the cost of the monthly payments.
Of course as a business, they want to generate profit but it isn’t in their interest to surpress the share price.
They have a plan no doubt to maximise profit but by holding shares they hedge against a rising share price.
Lanstead don’t have to sell but they do, to cover the costs of the monthly payments.
All in all, there is enough big news inbound to raise this to 1p or more. The drill results at bibemi could be really exceptional and then Mbe is following behind.
$8m invested from BCM into bibemi and Mbe.
Whilst it’s good to discuss Lanstead I feel this last two weeks everyone has been bogged down with this and forgotten the long term value.
Yes. It is a head wind and we could be higher but plenty of news catalysts. In August/September we’re at the half way point of the deal.
Plenty to be excited about; don’t lose sight of the long term with the short term fluctuations.
Enjoy your weekend.
It’s nice to see a bounce off the 0.30.
This just needs volume and buyers.
Plenty of big news on the way. Mostly drill results at Bibemi.
Despite all the negativity around Lanstead. There is plenty to look forward to here.
Oriole is in an extremely good position, with a solid few years of exploration to come. I think naturally , share holders want to hope it’s Lanstead selling because it explains the share price falling.
Why would any PI’s sell at the moment? I’m not sure because most people are probably still underwater or around break even.
Lanstead selling would be the easy and obvious choice but we could be wrong.
Thanks Dilby, Oriole are always good to respond.
I find it almost impossible to believe that Lanstead have sold less than 40m shares (1%) in 4 months.
Especially with all that good news and the fact we are now in Q2.
We shall see
A friend of mine already contacted the FCA about Lanstead a few weeks ago but did not get anywhere with it.
Although we don’t like how the apples taste, there is nothing we can really do about it.
Yes, the share price could be a lot higher but then placing concerns would still be mentioned in dispatches.
Lanstead providing a TR1 would certainly be interesting. If they have sold down a lot then we know the market appetite is still decent it’s just the financing company selling.
2m a day on average would easily get absorbed , it’s Lanstead dumping decent chunks on low volume.
I can’t imagine PI’s are dumping 11m shares @ 0.30
No matter what the BoD do or say to Lanstead, they can’t force a TR1 from them.
It’s only on Lansteads ‘good’ merit that they update the market accordingly.
On average Lanstead would sell around 40m shares per month to cover the payments. This is fixed
If they have sold less of more we do not know but the average is 160m from December to April.
That should require a Tr1 to notify the market because that’s more then 1%….
I guarantee they have shifted a lot more than 160m.
Most likely as H5-0 says. 200m - 300m
If there was nothing to hide, Lanstead would just provide updates on their holding.
Remember they shifted 200m+ in December alone , in just a few weeks.
They’re a business they obviously want to make a profit. If they shift vast sums of shares on big news and the share price spikes then falls lower , the daily average of the VWAP period is still lower then they’ve sold for.
They sell x amount of shares at 0.4. The average over the month is 0.30. They pay oriole for the average and they keep the profit.
According to how Lanstead operate , and how they hold their shares. It is almost impossible to know what their holding is unless they inform the market.
Hawaii 5-0 was right months and months ago when he said they wouldn’t inform us every 1%
It’s inevitable they have sold more than 1% since December.
It doesn’t come as a surprise though does it? A shady loan facility which don’t abide but the rules, who would have thought it….
Doesn’t take away from what Oriole has though. Just means up and down in the interim