The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It’s 5am Miami (holiday) time and I check my phone 30 minutes ago and couldn’t put it down, just reading the news, reading the comments etc
Thanks Mick, not just a well done to me though but a well done to all shareholders, new and old and of course the BoD for securing a deal
Just digesting the RNS’s but looks incredible and exactly what Oriole is after.
The news flow here in the next 6 months alone will be amazing! So many massive value enhancing opportunities and now the current mcap looks like a steal.
You hear all the time about the next GGP or life changing gains, Oriole could be that for all of us.
I’ll check in later but not sure how much I’ll sleep now.
With funding fully secured, all the pieces can now fall into place here.
Is news due next week?
- News on Senala licence
- project level finance due
- news on site visits in October
All potential catalysts which would be huge for the share price.
This week has certainly put Oriole back on everyone’s Radar and the market has gained an appetite. This could be very promising heading into any significant news coming up.
- to squash any myth on a placing which was written a few posts back. The very reason Oriole took the Lanstead agreement was to dispel any concern over placings moving forward.
Hi Catbert ,
100% agree.
Whether you base performance on SP or Mcap it appears oriole remains stagnant or trending in the wrong direction.
Legalwolf was talking about licence renewals way back in August / September
Coyote - it was meant as slightly tongue in cheek. I’m sure the BoD are genuinely busy but considering their main source of share price growth remains with the retail sector. Inspiring some investor confidence would go a long way.
But agreed, shareholders deserve an explanation, the interview after the Lanstead deal with Tim explaining share price catalysts will not do. It didn’t sound very convincing.
It’s been awfully quiet from management for months, now is the time to hold a conference or investor meet. I doubt they have a huge amount on in the office right now. Shareholders deserve it! I feel they won’t do something like this at the moment because the amount of heat they will get (rightly so)
Morning Catbert ,
“ My suspicion is that the licencing in Cameroon is possibly the issue firstly for project level investors but also for holders. ”
You are potentially correct.
Feb 3rd 2021 - Eastern CLP licenses were awarded in with an initial 3 year exploration timeline and then can be renewed for another 2 years , 3 times.
License renewal is approaching in Feb 2024 for the eastern CLP.
The sun dance issue from what I’ve read, was potential bribes from the Chinese leading the licenses being stripped….
Hi Cekim,
I hope all is good your side!
I’ve thought about it and I’m not too sure. When I think of news, It’s the major share price catalysts not licence renewals or minor releases.
I feel we can only expect that in the form of project funding / JV. The Canadian investment bank is still rattling in around in the background but appears it will follow the same suit as the Turkish legacy assets, still going on but never comes to fruition.. we’re almost midway into Q4 and it still hasn’t come through. Don’t get me wrong, the BoD will be equally frustrated on this despite having to wear a smile on camera.
There is the site visits with parties in October. Be nice to see some PR on these as it might spark some interest.
Senala - other than a potential drill programme I am not expecting much movement until Feb 2024 when the JV agreement is up. Even then, news on the outcome may extend to April / May while decisions are made.
All in all, I’ve sort of given up expecting news “any day” as I’m genuinely not expecting anything major anytime soon. That’s tough, because oriole can manage/survive but nothing can happen until major news flow, the longer it goes on , the worse it gets.
There hasn’t been any majorly significant news flow in H2 - arguably the early stage work at Mbe was very positive but other than that, it is minor updates.
Usually in the past investors have always had something around the corner to wait for, mostly in the form of Assays. As a shareholder this year, it feels completely different. Future remains uncertain and you have to sit, wait and hope management can secure some major funding for oriole. (History doesn’t give me huge faith)
This is all in my opinion so I could be completely wrong.
If they can lock in and confirm Project level financing I think Oriole will rocket back to 0.20’s - 0.30’s ( just to start) and potentially beyond.
News flow would be significant funding, followed by an extensive drill programme @ Mbe and resource expansion @ Bibemi.
Potential sale of Senala.
If you get to the 0.30’s oriole is then receiving £100k + a month from Lanstead.
I know it’s a painful wait and good news is desperately need to bring Oriole out the gutter.
It must / has to be on route.
Whilst I think the company is stuck between a rock and a hard place, posting other companies who have failed under Lanstead and drawing comparisons can only be hugely negative to oriole.
As a rather larger share holder (60m) I can’t see that being productive to the share price.
We can only speculate if Lanstead have sold down their shares and whilst I am frustrated, further speculation on this share agreement will only stunt the share price at the moment which is the last thing this company needs.
I agree that this needs positive news and lots of it.
This quiet period following the Lanstead agreement has been detrimental and also having no deal closed out also raises questions on the real potential of our assets. (Canadian investment financing) it is all rather disappointing. This field season has gone off to a big flop and whilst the BoD will blame PI’s for being negative , it’s hard to see the positives.
It is always the same narrative “ lots going on behind the scenes and talking to a number of interested parties”
Believe it when I see it!
If shareholders have to wait until February for any (potentially) significant news then this is worse than I thought.
I know the time frame creeps from Months to years in Oriole’s case but waiting another 4 months for a potential sale for an unknown sum…. Don’t hold your breath
Given the share price for the Month of October - Oriole will receive £24k from Lanstead..
When that deal was announced, they said they feel the share price will rise with news flow in the coming months. It’s now been 3.. and the SP has fallen from 0.20 to 0.08
Get a bloody move on!
In Feb when Oriole when to the mining event in Cape Town they realised a photo saying “excellent first day, 14 meetings held already”
That sparked some interest and there was a lot of chatter and the share price increased…. funny that….
Potentially those site visits could be linked to those meetings. It’s been a long 8 months since then but Oriole need to lead and motivate PI’s.
Staying silent and “it’s not the loudest ones that are doing the most. TL 2021 quote mentality isn’t working. Maybe switch it up?
At the time they expected the Canadian investment to be secured in Q2 which may have been the reason Eileen invested.
It helped Oriole keep the bank topped up and with project level financing sorted the share price would have been comfortably in the 0.30’s and we would be drilling now. Eileen’s investment would have doubled…. Money for jam…
Oriole still has huge potential and the Lanstead agreement can stand to benefit Oriole.
The only issue is has been significant news flow and lack of, there hasn’t been anything decent since April / May. By decent, I mean anything that will really move the SP.