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Legalwolf - your guess is a good as mine. Everyone has remained rather patient this year. The whole outlook on oriole was transform after that series of RNS’s in April.
We go back to waiting for more news to come but this SP suffers for what ever reason.
Correct me if I’m wrong.
Wet season ends September time which will allow the 2023/2024 drilling programme to begin. Oriole will be collating the information and developing the specific programme now.
Bibemi - 500k Oz gold @ Bakkasi zone one
CLP - virgin drill program at Mbe which as we know, could be next level.
Senala - Free carry.
This also means in order to hit the ground running they need financing sorted before that happens.
Bob mentioned back in Feb/March after the mining conference in Cape Town that they are working on a number of initiatives to fund the company. Whilst that is true as the Canadian Bank is hopefully finalising the $1m for the CLP that still leaves the deficit.
I’m sure now Eileen has considerable stake in the game they will be exhausting all options.
Come on ORR. You know that for what ever reason oriole suffers in the market despite and abundance of good news in April. That effect has clearly worn off.
Time to deliver again in the form of major funding
For sure. They said it would be completed in Q3 and there is no reason to assume otherwise which covers the eastern CLP.
A while ago if I’m not mistaken they said they were looking at partners or funding for Bibemi as this is the only part of the program that requires money at the moment.
We might see news flow on this front in the coming weeks.
Canadian bank investment was purely for gold on the eastern CLP licenses.
A lithium programme would run alongside but would require completely different funding.
Orioles main focus is not lithium so from reading that, they are happy to farm it out.
@hunniford.
You love a G&T! Glad to hear you well mate, enjoy the down time. A good RNS or two would be most welcome.
In the meantime, Golf and the Open. I managed to shoot a 76 yesterday in breezy conditions. Surprised myself to be fair
@kelly
Nice mate! Not a bad time to top up.
It’s been significantly quiet recently. This part of the year Q2 into Q3 was always going to be. Minimal news flow unless it’s external from elephant oil or EIA which can’t be relied up.
Confirmation of Canadian bank funding would provide a boost.
I’m sure the BoD are working hard in the background, no only to acquire more funding but to find infill drill targets at Bibemi which ties into funding as well.
Sit back, enjoy the summer and any parabolic news is welcome to come