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Well said coyote !
In addition - This continuous Lanstead chat is tedious.
The agreement can benefit us - yes, a slightly steeper uphill push but it may mean more money & no raises until September 2025+
Let’s focus on the exploration and put the Lanstead chat to bed
Agreed HRY.
Rumour mill…. A broken clock is right twice a day.
The new CEO isn’t putting £2m into Oriole however I do think he should dip his hand in his pocket and buy shares. That is positive sentiment for the company.
If he was eyeing up oriole for a while as he said in his recent interview , then he should have no issues investing here.
We know everyone gets a little anxious when news is inbound, especially 7000m worth.
A little company PR with some drill cores would be nice , maybe a little update but regardless news is on the way.
It’s was close to 3 months between drilling and results (give or take a week) for Phase 1, 2 & 3
Albeit this program is a lot larger than all of those, in fact. This Phase 5 program is larger than the entire 1 - 4 phases put together.
This should really highlight the mineral deposit ready for drilling.
I’d expect the first batch of results to be around the end of June / early July.
Only 6 weeks to load up prior to what may be the single largest share price drive in Oriole’s company history
It’s been almost 2 months since March 25th when they release an update on the phase 5 Bibemi drilling program.
I’m surprised we haven’t seen any pictures on their Twitter which they are usually inclined to put up.
Nice big sections of mineralisation is what we want to see..
Orioles in a uniquely interesting position at the moment.
It’s incredibly quiet here, despite the fact Oriole is currently in the middle of their 7000m drilling campaign.
I feel like this is a sleeping giant , suddenly they’ll drop an RNS around July with these assays and catch everyone off guard.
4000m of infill DD drilling at Bibemi and then 3000m testing two new areas and yet the board and volume is extremely low.
It’s been almost 2 years since we received phase 4 drilling assays. (The last set of results) Prior to the maiden programme at the bibemi , the board was alive with excitement.
Oriole is in the verge of reaching a significant resource , potentially 1m oz in a new gold district and it’s eerily quiet here.
I’m excited at the thought of 7000m worth of gold results coming our way….
In his interview he said he has been eyeing oriole up for a while, his skills are helpful in the exploitation phase for Oriole and that they potentially unlocking a new gold province for Cameroon.
That being said, why would he not buy in at this level? I think that alone would make the share price rise back to high 0.30’s /0.40
Salary, yes he gets paid but if he really thinks this will go the distance why wouldn’t he buy in.
The incentive for the company to do really well is far greater if you have money on the line, not just a monthly salary.
I don’t believe in him getting gifted shares which is good, share holders would have probably moaned at that.
Let’s wait for a directors buy RNS.
Actions speak louder then words.
Let’s not forget there is currently a 7000m drilling programme underway at bibemi. Which already has an estimated resource of 400k ounces @ 2 g/t.
There doing resource expansion drilling and then testing two different targets NE and SW.
There is Oriole and BCM working together on this.
A lot of invested because we want to see what’s in the ground and there is a significant drilling programme underway and we’re about to get results. I’d imagine they will post pictures on Twitter and a bibemi update showing mineralisation and drill cores. (Gold pipe time) This excludes Mbe which has huge potential.
It’s easy to get bogged down in the day to day but if once again, oriole can uncover big intersections of high grade gold. Then we’re knocking on the door of 1m oz’s IMO.
That puts the mcap around £50m / 1.5p
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.