Member Info for Minesinthemine

In terms of questions, the ones I most want to ask, they are unlikely to be able to share any answers.

For example, I am going with the route that the results for Cameroon even if not astounding are strong enough to warrant either further exploration by us, and/or also spike interest from Mid-tiers/others. If it's the former, the question of both planning and funding comes into play, i.e.
How much is needed if we decide to go all out to get JORC compliant results?
If we aim for more conclusive results and proof, without JORC, how much is needed so we can attract (hopefully it's actually attract more) mid-tiers etc.. for either partnership or sale of license?
Is it better to invest in the other licenses to reduce risk/gain knowledge on potential in other areas?
Is the plan to JV or sell all licenses as a bundle or invidivually? Have the Cameroon government put any restirictions on the sales or JV/earn ins of the licenses we have? What partners have shown an interest thus far? With TL's experience how long would a sale or JV contract take to close out, best cast, average, worst case...?

On the other hand, if the Bibemi/Wapoze results aren't great, how much funding is needed to target the other licenses we have, and what is the minimum amount of drilling/exploration the team think is needed to get enough data to spark the interest of someone for JV purposes? How far is this covered with the current funds, what additional is needed?

When it comes to Senala, there is lots of excitement, but with Boto focus for IAMGOLD and the option for another 2 years earn in on Senala, (would dilute us to ~ 25%), I am honestly not expecting a big rush from IAMGOLD. I beleive the spend is another $4m to gain another 20%, or would they rather spend that money as part of a buyout offer instead? If I am right at $4m over 2yrs for another 20% that values the resource at $20m. They could not spend the money and simply top up the offer to a level that buy out is more beneficial for all parties?

What I am expecting, is some solid confirmation in the results that should add value to our SP. You heard TL reference Chesser and their scale vs. ours etc.. so would like to think the results from Fare and Madina Bafe in Q3 will allow a good £xm of real value to be in the SP. I need to do the maths myself, if we have XX% of a much larger reserve vs. Chesser then what value would that be?

So basically, for me, 2021 is the year for results confirming we are in the right areas with the right licenses in Cameroon and Senegal to gain attraction of mid-tiers and have a company value to reflect that better qualified potential.

Then 2022 for either JV or sale of licenses or more work to prove the potential to get the mid-tiers interested. At this stage don't know how the latter would be funded. Being positive we may have enough funds to run through to 1H22 with more exploration?

Either way, answers will be coming on the Cameroon assay's shortly with Senegal foll

Hey Kutzz, and all. Still here, sitting patiently for the results.

Still can’t say I’m not disappointed we haven’t had some news already and even some social media noise. I know I get lambasted for it, but ‘throughout Q2’ and ‘14 day turn around’ to me still says we shouldn’t have to wait until the end of Q2, and they should have spent more time choosing the right language in the RNS’s, but now looks highly likely we’ll be pushing end of June. I’m not going to be surprised irrespective of the email shared today that we might push into July, but as long as the results are good I don’t really care.

Hopefully we’ll be shown by the board that they had no time for tweets or nothing RNS’s as they were using the time to create quality presentations and detailed results to explain to the market exactly what we are sitting on.

Maybe they are just waiting for the longest day of the year as we might need all the daylight hours to let it sink in as to what we have.

Based on that positive note I’ll hold my water and keep any niggling voices out of my head until we get something.

The roulette wheel is definitely slowing now and we’re going to see what number it lands on soon! Please just no 0/00s

Hardy I will definitely be sending in questions about their communications strategy(amongst other things) for the pre-recorded session on June 16th, so I don’t just post on the web. As an FYI to all, questions are to be submitted by June 9th. mailto:info@orioleresources.co.uk

I was critical in the past of their comms / mgmt of IAMGOLD but equally praised the team when it appeared that there was increased news flow / media etc and a clear reaction to avoid dejavu.

There is plenty of opportunity to keep up media tweets etc... there was the EMEA mining convention last week. Not a dicky bird. Even a tweet post even to say “Lot’s of exciting sessions etc.... Tweets linking to the increase / Gold pricing forecasts. A tweet reminding investors you now have one week to submit questions for our June 16th presentation etc...

Don’t get me wrong there have been some tweets/media like the link to Chesser’s results in Senegal, but would be good to get more flow and for the RNS’s ensure they are very clear to avoid false expectations. Though maybe that was their intention as I seem to recall a rise post RNS as people bought in expecting results in 2 weeks.

I am also not naive enough to think that results will be July for the 2H stated news flow. I think this will need to be carefully managed as rainy seasons create a news drought. Hence again, better media mgmt is important to ensure you’re not forgotten.

Bottom line, I am invested in ORR based on track record and my belief that the potential in the licenses will be realised. I am not in for a quick buck and see a longer term hold for this full value to be gained.

I am however disappointed in the company comms.

The assays for holes earlier drilled holes were confirmed to be packaged and sent end of March.

The company stated results ‘throughout Q2’. At no point did they ever state that all results were going to be released as a bundle, it was stated as ‘throughout Q2’. Yes they have communicated that there were lab delays, but stated that 14 day turnaround is back now.

I recognise there is time to prep an RNS but I do not think it is unreasonable to assume results for some of the earlier shipped assays to be back by now given the fact they confirmed 14 day turn arounds.

So I stand by what I said. Why mention assay turn arounds are back to 14 days if it has no relevance. They could simply have stated that lab delays have pushed results until the end of Q2.

The expectation of results ‘throughout’ has never been changed. Just that ‘all’ results are expected by end of Q2.

Hence I stand by what I said. Communication balls up. Under promise and over deliver. Why throw in 14 day nonsense if it has no baring.

Patience by investors is the wrong word. Incompetence from the board is.

Why did they even put a schedule on the assays back from the lab??

If they simply had have stated that delays from the lab we significant due but the intent and current outlook was that results would be on track to be issued by the end of Q2 then they would still have had a chance of hitting a self imposed target.

Totally balls up in my opinion. For all my confidence in the results, my confidence in the team is causing my to lose patience. Real junior errors in expectation setting, even my 9 yr old daughter knows to under promise and over deliver.

One thing I am also keen to get more info on, is the 'multi element' analysis of some cores.

It would be good to understand if this is just a punt, which I suspect not, hence what geological markers have they seen to warrant more investigation? I am hopeful this is something to get excited about, rather than a, "oh xxxx there's no gold, let's go and find out if there is anything else there instead".

I see no reason for an RNS related to this, but plenty of reasons for Claire to come out and explain some of what has been discovered to suggest more detailed sampling of the core may be worthwhile.

Either way, I'll settle for Assay's next week, or the week after, or the week after... basically Assay's in June!

I did have a quick scout around Twitter and the web to see if there were any news articles even confirming appointments between parties but found nothing.

Hopefully there were some good conversations had with some opportunities to surprise us in the coming weeks.

Either way, just want to see some assay results.

One step at a time, I just want the assays to confirm the gold.....

Looks like it’s going to be June.

I promise Trojan, I will derisk if we get another spike and I also promise not to moan or mope about if the results aren’t what we are all hoping for. I’d clearly be disappointed(assume an expletive) as based on (my reading of) all the publicly available information and confidence of TL, I am comfortable placing this bet.

It’s easy for other people to spend my money but I do appreciate your sage advice. Rainy season, spikes and potential raises, explorer vs. Miner etc...

The one thing I will say is that for any others on here is that there is no sure thing EVER. I am not simply assuming this is ‘going to the moon’ or any such other ramping stuff. And warn others not to follow my lead or take my investment as a buying single, do your own research. I got severely stung on SXX. I got caught up in the share and the dream of spending all the money I was going to make. Other people on the board talking about what they had invested and me merrily going along with things until one day I had next to nothing left.

Nobody has any idea if I really have 17m shares (I do), whilst I enjoy all the banter on this board and am actually really pleased about how level headed this board appears to be, won’t be swayed by thing this time around.

I have done my own research, understand the risks, and given my age and future earning potential I am happy to play this risk now. In a few years I would not be playing this hand in anywhere near the same scale as my focus would need to shift.

I also know that we will have some fallow news periods coming up due to rainy season and also some potential raises coming once the team review the state of play with the results and plan for 2022. That coupled with it being AIM things may be a bit turbulent, but on the whole confident the SP will be a lot different soon.

If it does all go wrong and all we find is ‘fools gold’ I’ll just need to build up a stake again and have one more crack somewhere else before I switch to a more boring investing profile.

For now though let’s have some fun, hopefully make some decent money and find a big gold pipe in hole 5!

Come on TL and team I want to buy a big gold bar to wave in the face of my Bitcoin heavy mates!!

The Golden Oriole is ready to fly “Please note not all Golden Oriole’s relate to ORR and may just be a flying African bird, not a soaring ORR share price”

The trade isn't showing up in google or on LSE, but was 16:29.

I'm just over 17m..... My target was 10m shares. I've broken all my 'new' rules I put in place from when I lost a load on SXX and am seriously hoping lightening doesn't strike twice on me.

I will definitely trade the ones above my target assuming we have some good news, but am definitely holding onto the majority as I still see this as a longer term play.

And as I have said a few times, I have enough years left to try and hook a big spikey one before I have to change my strategy and if my wife knew I'd biased stuff into one share again I'd be getting the cold shoulder, but still think there is such good opportunity for growth in ORR if we get decent results and get some mid-tiers interested in our licenses.

Kutzz, I'm with you now. Glass half full rather than any thoughts of poor results.

I'd love some 'good' results tomorrow before the BHW as I've just bought another 2m shares, but am confident this is going to come good.

I know we will have a period of less news flow, but still we'll get Senala news from Phase 1 in Q3, so currently feeling good.

Only time will tell, and am happy whether it is announced tomorrow with some good press over the long weekend or like someone else mentioned earlier annouced at the start of a week.

Either way June is going to be a 'fun' month.

Come on Golden Oriole, Fly Fly Fly!

Balls....

Still, we have one more trading day before BHW and before we’re in the final month of Q2.

And who knows, maybe we’d get an Intraday just for fun?

Either way this time round I’m trying keep patient and stem any conspiracy theories that start up in my head.

Results are on the way and we are another day closer to them.

Bridgedogg1, that's the $64m question?

We need the results from Senala to be strong and drive the desire from IAMGOLD to continue investing (Phase 2), which I believe is a further 2 years earn-in for IAMGOLD with another spend of $4m. This gets them 70% and we'd retain 25.5%.
Details are in the RNS - https://www.lse.co.uk/rns/ORR/iamgold-enters-into-option-agreement-on-dalafin-tsq2jci5et0h9cr.html

Or my hope, that they've seen enough and want to accelerate the project, or even make an offer to buy us out.

Either way it's all about Assay results whether we are talking about Cameroon, or your query about the Senegal JV.

Hopefully the IAMGOLD/Senala Phase 1 results won't be too far behind the results from Bibemi.

I don’t know Shanta well enough, but for me it’s not about the SP, it’s about the value of the company.

We are bobbling around £15m with licenses in Cameroon some with drilling completed and a partnership in Senegal. Plus ancillary/shares in other opps such as Djibouti.

There was someone on the board may have been DogStar that said potential doesn’t pay the bills. But we are at the cusp of proving (or disproving) gold mine grade qty in Bibemi and the same in Senegal.

SHG’s market cap is ~10x ours. I am not going to make a comparison as I don’t know what resources they have, but for ORR I am looking at the opportunity to prove mineable qtys in our licenses hopefully significant, and to attract mid-level miners to put in an offer. There will be some bumps along the way and for sure the market might not react the way we hope immediately or the results might not be as good as we’d like. But for sure the board are working on the plan to sell or JV and realise significantly more value for the company than it is currently. The initial sampling is taking place in the other Cameroon licenses too.

I’ve said it before and I’ll say it again.

We are playing roulette. We have bet on multiple numbers, this is still a big gamble, but isn’t just black or red.

Equally Troajan and other more experienced investors warn of emotional ties to companies or investing too much in one and to spread their risk. I am still novice but am young enough to recover from a big loss(again after SXX) and have one or two more attempts at trying to hook a big one before I will change to a much more cautious approach, but still have this as a 1yr+ hold. As once(if) gold is proven the board need realise the value for us.

Good luck all, assays soon and then we take it from there.

Kutzz, I’m still hanging on and trying to be patient. I would really love some news next week. I think all the other simple bits of news I.e. non results related I called out previously have been issued, so now it really is all about waiting for results.

Not impressed with this drifting down though, and back under my average now, but is irrelevant as I am not selling without news and still see this as a longer term hold.

I have access to some more funds next week but not sure it’s too sensible for me to put any more in as it is still a gamble no matter how upbeat TL sounds and I still am above my target. Plus the market reactions to what appears be positive news could still be an odd one.

Anyway, here’s to the last few hours of the weekend before the ride starts up again.

Here’s to a cracking end to May!

https://www.bbc.co.uk/news/uk-england-nottinghamshire-57172934

I don’t believe in anything but facts, however happy to make an exception here. A Golden Oriole in Britain is strong again to live a prosperous life!

I'm very much trying to remain patient. I'd love it if we got an absoultely set of stonking results on the Friday before BH Weekend.

I believe in the recent interview TL stated it takes a couple of days to get an RNS approved by the Nomad etc.. for release.

Hence with their feedback that the lab is back working to 14 days plus the couple of days to sort out the RNS they could still get it out.

They also 'anticipate' they will release the results for all the Bibemi holes by the end of Q2. I wonder as we get closer to the end of June if, the other assay results manage to get pulled by a couple of weeks that they'd just release one big RNS with details of all holes instead of the previously intimated delivery of results 'throughout Q2'.

Either way, my patience is still holding currently, as is the SP.

So I watched the interview. TL is definitely enthused! There was some valid discussion about IAMGOLD and do they really want to identify the true value of Senala, and the agreement does seem biased towards them. I had also clearly misunderstood the drilling in Marina Bafe. It is parallel not sequential, so news from Senala will be big in volume in Q3, hopefully with large volumes of gold confirmed.

What struck me was Tim’s passion for the central Cameroon licenses. It was almost like Bibemi and Wapouze were getting in the way of the progress he wants to see in Central Cameroon. I didn’t see this as a negative I.e. concern over results from the drilling, more that the team want to demonstrate the full value of all the licenses and either JV or sell on to a mid or major.

It was interesting that he said they could expand into mining themselves but would need a market cap of “a couple of hundred million ” to fund it.

I’m really looking at that kind of market cap as potential just from proving out Cameroon and Senegal. Is this too much of an expectation? I listen to the comments from TL and even just from Senala he suggested up to 1.3-1.5p in current value, obviously more depending on results. Given ongoing spend in Cameroon, I personally see no reason why we can’t add similar SP in 2021.

However is low hundreds of million market cap too much wishful thinking from me? What will be the driver to achieve this? I am not in for months, I am thinking 1-3yrs and recognise there will be some more funding reqs or earn ins offered to complete programs.

Basically feeling quite excited in particular with TL’s comment about news over the next 6-12mths.

The next leg on the SP is clearly going to come from Assay news, then Senala and the Central Cameroon licensing. My personal position is to strap in for the next 6 mths. Not sure I am going to sell the shares that reduce back to my target volume, but might take some risk out if there is a big spike without news.

Got excited when I saw the RNSs pop up... thought these were a Friday afternoon result for Hole 2 and 5... Just boring Price Monitoring Extensions...

Still time though...

I’ll defo watch the interview over the weekend Axelrod.

For today, don’t want much other than a small blue day to cap off a great week.

Who knows though, maybe we get a nice Intraday RNS to charge into the weekend.

GLA.