Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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.
The market hasn’t been great the junior exploration sector however there has also been some poor management calls over the years so it is a combination of both.
Again, I’m not going to drag the BoD over the coals (again) for things they said / did over the last few years as you can’t change the past so we only need to look forward.
I’m intrigued why you don’t want to invest at this low price considering you spend so much time here?
The facts….
It depends on what facts you’re looking at.
Coyote has been posting facts.
Hawaii , legal wolf, myself, we’ve been posting facts.
Some *facts* are easier on the eye than others but you choose to ignore that bad ones.
Fact - Oriole had £190k in the bank June 30
Fact - they received £30k from Lanstead in September at 0.11/12
Fact - the share price at 0.8 will give them £24k a month
Fact - they have no money to do anything at the moment , it all relies on external investment.
Fact - they issued 30% of the company to Lanstead
this company is in a bad way and everyone can see it, market plays a part and yes all companies are down. GGP perhaps one of the legends of AIM is trading at 6p
Oriole need project level financing - Fact it’s taken 5 - 6 months for that not to come through yet.
I’m almost with Lambinator.
It is what it is right now, which isn’t great.
It is purely up to the BoD to bring something in, I can’t imagine many PI’s are going to be throwing money at this.
I’m not expecting any share price rise until exceptionally good news flow.
Magnum PI, isn’t the drawer below the bin? Haha
Just need the infamous project level funding to materialise or a sale of an asset and oriole is back on track.
Once that happens the Lanstead agreement can benefit oriole how it was originally intended.
The BoD seemed confident in their news flow over the coming months (dated 1st August)
Will any of that be this side of Christmas?
Of course we have no choice but to wait however Orioles fiscal situation dictates timeline and lack of.
Everyone is aware of the potential of oriole but I’d say investors remain sceptical of how it’s achieved.
If you want positive sentiment , it’s up to management to provide the fundamentals to allow that.
Case in point - April / May this year.
All we can do is wait for financing news. It’s taken 6 months this far so who knows when it will happen
Having spoken to management recently I retract my reason speculation on cash. The company can manage for the foreseeable.
Also any project level finance companies are used to the feast or famine culture that surrounds junior minors so that should have no bearing on potential investment.
If anyone has a risk for appetite now is the perfect time to top up their holding, I’m already too exposed in this otherwise I would be.
They are also hosting several parties in Cameroon this October so potential news flow on that.
It’s not the balls to the wall maiden drill programme we expected this October but hopefully it gets underway soon.
Kelly -
Administration expenses mean that the bank balance must be close to 0?
The Lanstead agreement isn’t fulfilling its duty at the moment.
This is what I’m saying, I don’t know how Oriole make it into 2024 at this rate?
This isn’t noise. Alarm bells should be ringing for investors , I know I’m certainly very concerned after reading that.
As always, it all sounds very positive.
My only concern is the very near term.
· The cash balance of the Group as at 30 June 2023 was £0.19 million
. £30k top up in September.
. Subtract July / August / September company costs and I am not sure where that leaves the bank balance at the moment.
Any thoughts?
Other than . It’s just noise