Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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
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.