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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
Gold is absolutely flying.
Which can only be a good thing for anyone operating in the section from top to bottom.
Lots of block sells this afternoon. That’s okay, it’s been a decent rise these last few weeks.
Still waiting for a Lanstead TR1 which seems impossible. Only when they deem it necessary to update us.
7000m of drilling underway.
Hold for gold
A shame that such low volume causes such big drops in share price, with so much potential the SP remains suppressed.
Who knows if it’s Lanstead, the wider market or just Oriole in general.
Just got to wait for results to be due.
Since Q1-2021, the Company has completed four phases of diamond drilling at the Project for a total of 6,685.40m in 54 holes.
During the next field season Oriole will be drilling more than the last 4 phases combined. 3 months before the wet season starts so they are getting cracking soon.
We have a significant amount of results on the way, plus soil sampling and trenching at Mbe , hopefully followed up by a drill programme towards the back end of 2024.
This share has some seriously significant potential.
With Cameroon being greenfield exploration , the risk reward ratio is greater than that of a normal junior explorer. Oriole are bustin’ down the door in Cameroon.
£100mcap is achievable which puts the share price around 3p
Time to load up.
Perfect update.
7000m of drilling happening in the next few months. Testing two more areas which have been supported by the geophysics survey.
This is exactly why we’re invested here. The drill bit is turning and Oriole and BCM have worked together to identify the best opportunities to increase the MRE.
Who knows what other grades and intersections they can find. Each phase that has happened , the results have been stronger and stronger.
The resource is estimated at 400oz so far. I don’t see why this can’t get to 1m oz + on good results. Oriole then receive a $1m cash bonus.
Let’s hope we drill out some gold pipes.
Exciting times to be invested here.
If we get exceptional results this will be the share people reference in a few years. GGP, EEE, ORR
Tim urged investors “to stick with it, as this is the start of a real growth story…” we’re “hanging in there” (3 years) and it’s time “to be rewarded”
Come on TimBob.
Come on Eileen.
Also come on to the MM’s for f**king the SP on the daily.
It seems like it was move up the last two on minimal buys and just like that, taken back down 10% on minimal sells.
Low volume kills the share price and the MM’s don’t seem to keep this fair.
Lots going on behind the scenes but all quiet on the surface. As Hunniford said, kills SP sentiment week to week but should ultimately pay off.
Enjoyed those two blue days while they lasted. Normal service resumed until we get decent news.
Evening Beardozer .
I agree, I said to the Mrs this would dip between the JV’s being signed and drilling and I was right, didn’t expect it to be this far down.
Long story short, I said I was going to stick around for the drilling at Bibemi and ultimately I’d like to be around for Mbe drilling.
Given the results I posted yesterday, we know there is high grade and good intersections. I don’t see why bibemi can’t get to 1m oz.
It’s just the interim which the SP dropping that is frustrating however we have to wait for the results as that’s where the real gain is made.
Look at empire metals, GGP, (I know people will say you can’t draw comparisons , to those people I say go away, I’m using it as an example)
The share price did multiples of good results. That could happen here going off the phase 4 results and now they understand the geology better. Should be able to locate more.
We wait for bibemi Assays and whatever happens in the meantime , is up to the universe.
Just look at the last set of results from Bibemi -
BBDD034 extension
o 2.00m grading 39.42 g/t Au from 160.00m including 1.00m grading 75.36 g/t Au
BBDD050
o 4.30m grading 3.33 g/t Au from 53.30m
o 5.50m grading 1.80 g/t Au from 66.00m
o 14.80m grading 4.27 g/t Au from 104.30m including 5.00m grading 10.22 g/t Au
o 7.70m grading 2.74 g/t Au from 132.10m
o 1.00m grading 17.01 g/t Au from 141.80m
o 9.60m grading 1.11 g/t Au from 148.70m
BBDD052
o 3.00m grading 1.17 g/t Au from 41.70m
o 8.00m grading 1.06 g/t Au from 65.30m
BBDD053
o 3.00m grading 12.30 g/t Au from 58.00m
BBDD054
o 1.00m grading 6.52 g/t Au from 37.00m
There is evidently high grades and good intersections at Bibemi. Who knows how many metres and what the drill plan looks like, I honestly thought we would have had an RNS by now, going off what used to happen in the past.
"So what has happened to the Canadian investors" - it said in the Mbe RNS that had been cancelled because the BCM deal went ahead or words to that effect.
"What about the cement deal" - Who cares about the cement, it was merely fluff to try and bring in investment.
"What about early gold production as telegraphed (remember they were supposedly talking to parties) "- BCM is a gold miner and have the contacts/resources. Tim spoke about this in a proactive interview but many steps need to take place first.
What about new JV's - We shall see....
"What about the prospective sale of Senala (I fear Managem Group are more focussed on the nearby Boto project) so it looks like a stalemate dressed up as forming a JV company." - Agreed, disappointing outcome for such a prospective region.
"Elephant Oil, forget it" - Side show now, shame they never got listed
"Muratdere well who knows, the royalty might be worth £1m to £2m but nothing EVER happens in Turkey" - Again shame, but as you said it is Turkey and at the time was more fluff.
Eileen has been the golden goose here. Invested £200k and organised the BCM deal as it was most likely her contacts so thank you Eileen.
It is easy to get frustrated with the SP and the company, I feel it right now. I thought all this was behind Oriole but it's a lesson to learn with investing.
I’m back, couldn’t keep away.
Cekim, it’s been red every week for the last 7 weeks so it’s probably a secure bet.
Elon musk/ lucky abigale should do a spreadbet on it …. 🥱
Regretting my decision to not sell at 0.50 and now I’m back in red figures. Wild swing for the account. Could have got out and fancied my chances in crypto. At least that goes up and down , this seems to mostly go down.
It appears they will be drilling now (once those drill pads are ready) then they examine the core and send samples off to the lab. I predict results will come back in June. Last set of results took just over 2 months from drilling to results RNS.
Anyway, as said before. Volume here is low and it really needs news, but you just have to grit your teeth, go back to what we’re used to doing (bag holding) and hope they can deliver.
The mcap is worth less than what’s in orioles bank and the 2 JV’s it’s mind boggling but here we are.
I agree Hawaii 5-0. Lanstead need to be pushed to give an update on their holding. This decline from 0.40 - 0.26 , I don’t believe is due to PI’s. The position the company finds themselves in, with BCM, $8m in exploration , $1.5m in signature payments and Cameroon in general. This is one of the more secure gambles on AIM, yes there will be profit taking but this drop seems excessive. We have fallen to a baseline pre- Mbe signing which in my opinion is absurd.
On paper , Lanstead to sell 1.8m shares a day and that would easily be absorbed, in reality they dump months worth of shares in a small time, at the end of the day it’s their business model to make money but it’s at the expense of companies growth.
That being said, we do find ourselves in the situation where Lanstead have been dumping shares. The same thing happened in November 2023 - end of year. If we saw a TR1 I think we would be surprised at how much they have shifted since December. Most likely , in the last few weeks.
I haven’t really posted as much recently, mostly because I’ve feel quietly confident with Oriole and this is the best position they are in since I have invested. I can actually say with truth that I don’t need to monitor the share price / company activity daily because I think this easily reaches 2p with the right drilling results from Bibemi and Mbe
1 month ago I was up £150,000 on paper and now I’m back to around my break even. It’s annoying to see 6 figures profit evaporate in the space of a few weeks despite where the company is at, but because I remain with a lot of faith I am switching off.
Drilling at Bibemi is about to get underway and results won’t be due until end of Q2 maybe into Q3.
Mbe trenching should be starting soon but again, results will be a few months away.
Any other JV news that may surprise us is welcome to come but I won’t be checking daily, Lanstead are not going anywhere and I feel this daily/weekly short term misfortune will continue because of it.
Forget what the company are doing on a daily basis and wait for the big news to come, and it will.
I’m sure when I check in a few months - 6 months time I will be pleasantly surprised but right now, I’m over checking so frequently.
I have a few friends who also hold big positions so I’m sure I will hear via them what the crack is, but personally I don’t care to check until drilling results.
If this is still low by April 6th, I’ll dump my years ISA allowances for cheap shares.
See ya’ll at 1p.
Be nice to get a…
“Bibemi exploration update - Cameroon”
Drill bit is turning, we have intercepted huge intersections of mineralisation…
Results anticipated end of Q2 / Q3
Check out this drill programme picture and buy more shares etc.
That’s what I’m hoping for soon.
Wet season in June. 3 months till get many holes in the ground and develop the resource to 500m oz - 1m oz