We would love to hear your thoughts about our site and services, please take our survey here.
Just having a look at the BCM website.
Some of the projects and companies they have been involved with are well known.
- Newmont
-Anglogold
- IAMGOLD
They have been involved in multiple projects in Africa
- Loulo mine in Mali which is a huge deposit.
They have a huge list of contacts through West Africa and run many successful JV’s and mining operations.
Producing $180m of revenue per year.
They tend to undertake successful, money making opportunities. Clearly they see something promising with Oriole and this is a chance for them to get their foot in the door early in Cameroon.
The next news will be for confirmation + signing of the JV which is due to be completed before the end of the year once it is all drafted.
I’d prefer to keep the bigger stake in the license than give it to the Canadian bank.
At the time we were incredibly worried when that didn’t come through but it’s funny how the cards fall, it turned out for best with a vastly better deal for oriole.
It would also be exciting to see the drill programmes for Bibemi and Mbe and how much they will take on in Q1-Q2
Oriole tend to be aggressive in exploration and prove assets quickly.
Bibemi has $4m exploration budget with success based bonuses. With minimal drilling Oriole believe they can define the JORC resource at bakassi zone 1 to 500k Oz
That’s 1 of 4 zones..
Mbe has $4m exploration budget with success based bonuses.
Senala - $2m is being spent on drilling before Feb 2024.
Not many juniors have $10m worth of drilling over 3 licenses.
If the agreements get signed before EoY then we can expect a very heavy news period throughout 2024.
I’ve seen a few posts on Twitter and occasional posts here referencing Lanstead.
In reality , if they did choose to sell shares a month to fund payments it would only be 41m.
Think about the volume traded in the last three days. Probably 500m?
The Lanstead deal will only benefit as this share price moves north
Just sat in the airport waiting to fly home and I was thinking.
The BoD seem confident they can achieve 1m + Oz at Bibemi.
What could that be worth? Chesser resources sold a similar size resource for £50m? In time we could be looking at pence for the share price.
That wouldn’t include Mbe if that turns out to be good or Senala.
It’s still early days but I don’t see why Oriole can’t reasonably get to £50m - £100m mcap with the right results
I’d also like to add that a £10m+ mcap unlocks the purse strings for institutional investors and HNW
Which means the share price should move exponentially. The higher is gets to that £10m mcap the more the big money starts to flow in.
Also, the more money that comes in under the landstead agreement
Take profit…. What’s that?
I’m here for the big bucks.
The share price will rise and fall but I feel over the coming months - year. This will rise with continued news flow on multiple fronts.
If market sentiment returns to this sector then it is even better for Oriole.
As Tim mentioned in the interview , securing a deal like this whilst the sector is struggling is only testament to Orioles campaign in Cameroon.
BCM also have a very impressive history.
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.