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I’m never sure how accurate the trade tracker is with the spread , especially in the beginning of the morning.
The share price is blue, that’s all I care about.
Anticipating the next JV signed and inked in the next 3 weeks with drill programmes being released. I’m not sure why anyone would sell
@beardozer
Nic slater used to work at Merril head of market making. I feel like I’ve been around here a few years and seen a lot of posts but Prior to Oriole changing broker mid 2022 he used to be a reasonably large shareholder and take part in every placing oriole did. He popped on here a few times etc
He is reasonably active on Twitter and has a decent following and was vocal to the BoD about the Lanstead agreement although Hunniford wrote and excellent post on that earlier.
Despite all that he chose Oriole for his 2024 stock pick.
It’s just another persons opinion so take of it what you will but I think it is fair to say, we recent news and all the news that is to come there is substantial upside for Oriole from here.
Hi Cekim! Good to see ya!
I’d imagine it may be a small amount of profit taking and potential Lanstead selling a few but their holding is a was of hedging against a rising share price so they don’t want to sell too many to soon. Most likely it will be an average throughout the quarter which shouldn’t do much.
Plenty more news to come, Mbe earn in, drill programmes for both licenses, news on Senala (whatever that may be)
2024 stock pick is Oriole , Nic slater has also said that.
As a metric for Senala. There has been £20m spent on the entire license so far which is highly endowed area.
Chesser resources sold their resource for $57m only 10km from Farè.
If Oriole could sell the asset and they retain the 40%
Could fetch a decent amount of cash
A nice positive corporate update.
Very interesting start to the year with the earn ins expected to be signed in Jan (oriole having already received some money from BCM)
oriole will retain a 40% stake in Senala which a possible sale is also being considered.
Let’s go
As well as Senala and confirmation of the Bibemi/Mbe JV (which the market is expecting to drop tomorrow (Tuesday 2nd)
It will be interesting to see if the Canadian investment bank will want to also get involved as the option is still open. That would also further Orioles bias that Cameroon is indeed , a new gold frontier.
A very exciting H1 2024, if all goes well with the JV. Assays to come in Q2.
Along with confirmation of the earn in, I’m expecting to see comprehensive drill plans for Bibemi with 4 prospects which can hopefully deliver 1m Oz.
Then maiden drill programme at Mbe which, geologically looks very optimistic.
Watch this space.
Lanstead sold down another 87.6m shares.
Further explains the sells since the last RNS. We’ve also held at 0.15+ despite another 87.6m shares being sold since the 19th
The rest of PI market and institutional market remains positive for oriole heading into 2024.
News could drop tomorrow or first week of Jan.
Lots of buyers today at 0.157.
@hawaii 5-0
Lanstead do have to report every 1% they sell down. It just depends on the time period they sell them.
Lanstead hadn’t sold any shares up until the last few weeks. This meant they sold a large block within a single disclosure period. Hence announcing now with a 3% drop in their position.
The board are *correct* on their statements about Lanstead having to announce every 1% , just depends on the time period in which they sell them down. (In this case was over a short period)
Holdings in the company , they have sold around 41m shares.
This is the amount they would have to sell each month for 24 months.
This is pretty standard and nothing to concern about.
As myself and Hunniford said a few days ago. Lanstead will have to notify when they sell down. It’s good for transparency and as we can see , has done huge amounts to the share price
From my understanding, Lanstead are an official shareholder as they have all the shares, Bob who helped write the agreement said that Oriole will be notified when Lanstead sell down their shares. Must be every couple of percent.
I’ll believe Bob on this.
We shall see
I’d say Bibemi will hopefully be executed before EOY.
It has the potential that both Earn in - agreements will be signed by the end of December.
“Following execution of the HoT, BCM will, at its own cost, complete a period of due diligence ('Due-Diligence Period') at Mbe, ending no later than 31 January 2024
The Earn-In Agreement is currently being drafted and is expected to be executed before the end of 2023 subject to the satisfaction of certain conditions precedent.”
I find it hard to believe that anyone would be selling now, why would you?