Member Info for MisterPositive

This could do 100-200% when news comes and wider market piles in and still be cheap.

VAST and KOD crowd would get another chance soon to DOUBLE / TREBLE their money here may be more.

At circa £4m MCap upside here is MASSIVE.

Trying to accumulate a few before Gold & Lithium update AND Cameroon JV news.

0.20 should soon be history.

Barclays are fine mostly.

exact same thing happened yesterday afternoon Then it shot up to 0.18 real quick.

No quote on Barclays for even £100 !!!!

For last 5 mins....

Someone is hoovering these on the cheap.

Cannot get even quote for £100 on Barclays ?

same like yesterday before it motored ahead.

Can see this pushing into high 0.20s or higher soon ahead of news.

Management clearly thinks price should be lot higher given the maiden JORC from Bibemi in Cameroon reported so far from just one zone. This JORC expected to get lot lot bigger as they work through other 3 zones all about 1 km apart forming part of a much large Gold deposit. Results should be with us soon.

Central Cameroon is even more exciting with the presence of LITHIUM also which they stumbled across as a very pleasant surprise.

We also got JORC from Senala which probably needs to be revised higher since the last report few years ago.

Management think MCap should be approx 10 x higher. Even if we take just half of that, it would still be 5x bags from here to around 0.85-0.88

Shows you just how OVERSOLD this is.

Just did a small Top up.

Went to add few more and goes NT to buy.

Cannot even get quote for £100 on Barclays!!!

What is going on here ????

Bit of buying pressure and this could 0.20 pretty quick.

Seems to be ticking up nicely. Happy with 4% daily rise before fireworks. Not long to wait now.

Company Management said they have had lot of interest in Cameroon.

I am also thinking Chinese player looking to JV for both Gold and Lithium for the Cameroon licence due to its sheer size.

On SENALA, expecting an update after they have had their talk with Managem.

Smart investors accumulating on the quiet before it breaks out.

Oriole looking at +1m Gold ounces at Bibemi so far, which is likely to increase to Multi-million ounces deposit.

Using $17/oz average as per SP Angel, that would be $17m alone !!!!

MCap of £4m is just insane.

We not even added anything for Gold from the massive Central Cameroon licence where work is underway. Massive area of 70km x 15km

Nothing attributed to Lithium which should soon become more prominent.

Results due soon should kick start things again.

No wonder Company Board is frustrated coz they clearly think MCap should be 10x current MCap.
No surprise they taking Shares in lieu of salaries.

Wider Market will very soon catch up here.

I am pretty sure LP is on its way. All recent events project strong indication of that. Exactly what date none of us know. Hoping for Monday RNS though or sometime during next week. But it should come before Velociraptor-1 spud.

In November 2022, the Company reported that anomalous geochemical data from its soil sampling programmes had identified lithium-in-soil anomalism at the Ndom licence, each extending over a c.9 km strike length, associated with units mapped regionally as porphyritic granitoid;

· In the same month, the Company secured the Gamboukou licence, immediately to the south of Ndom on the basis of it having similar lithium-prospective geology;  

Lithium upside also looks highly attractive.
...."each extending over a c.9 km strike length"...

Update due on both Gold and Lithium which could lead to JV deal in my view. Company already said there is lot of interest for our Cameroon licence.

HRY35
Thanks for the Proactive interview weblink. I had missed that one.

Very interesting observations:

(1) Company thinks current MCap of only £4m does NOT even remotely reflect true value and should be atleast 10x of current MCap.

(2) £1.4m receivable from Turkey legacy assets close to realisation.

(3) Bibemi currently on track for +1m ounces of Gold.

(4) Discovered Lithium now on top of Gold within Central License package - Cameroon.

"Considering early and late-stage exploration and development companies in the area, market valuation multiples range significantly from as low as $3-4/oz MII (Total Resource) for marginal projects to $36-184/oz for higher grade deposits with an average of $17/oz for our selected sample of names.

• Given traditionally strong competition for robust projects with attractive economic potential in West Africa, we have highlighted various recent
transactions in the region. These display valuation multiples ranging between
$17/oz-$355/oz, with a wide disparity owing to differencesin jurisdictions and project stage.

Rising gold prices, coinciding with strong balance sheets for majors operating in the region, provide an opportunity for multiple expansion going forward, which we believe should support Oriole’s efforts as they continue to add ounces to their resources and develop earlier stage exploration
efforts in the CLP.

• Ultimately, Oriole Resources offers investors a portfolio of highly prospective, early-stage assets with significant room for value creation. By providing a fast tracked JORC MRE at Bakassi Zone 1, the team has highlighted their ability to
generate greenfield discoveries in under-explored jurisdictions such as Cameroon."

Very interesting piece above by SP Angel. Oriole Resources seems MASSIVELY UNDERVALUED. From here on the Upside is just phenomenal.

ORR been unloved for past 2 years since Feb 2021 just like KOD which was stuck around 0.10 - 0.12 price bracket for a while. Look at KOD now at 0.80 and over +£135m MCap. Price exploded since they did that deal. KOD got 16.8 billion shares in issue.

ORR looks set to go same way giving you massive returns with Upside from not just Gold but also Lithium from newly discovered Gold province in Cameroon.

£100m MCap would not be unrealistic at all.

Tim is ex- Barrick Gold. So there must be some sort of discussions been going on in the background either with Barrick or another Gold player since ORR issued that RNS that they looking for JV partner at asset level in Cameroon.
Speculation at this stage but significant jump in trading volumes this week suggests news could be very close.

IMHO, DYOR

Astro999

May be have a look at ORR if you into Gold and Lithium.

Annoying we had 6p within sight when it hit 5.90

I thought we going to crack it today. Would have been nice to close on the high today. Another crack at 6p on Monday then.

Volumes been ticking up nicely this week.

A very healthy downtrend "Reversal". Buyers starting to get back in ahead of JV deal i think. Been way OVERSOLD anyways. Most folks look for that turning point before getting back in.

MCap of only £4m is shocking given the assets ORR have in both Senala and Cameroon with initial JORC resource from Bibemi already announced for only a portion of that license. We looking at potentially much bigger Multi-million ounces deposit.

With Gold in an Uptrend M&A deals are picking up with lot of the Gold companies doing JV deals with Explorers with initial discoveries already confirmed and trying to get in on the cheap.

Prime entry point ahead of well overdue re-rate.
Can see this in 20s next week going by current momentum which should gain traction in coming days and weeks.

Todays volume over 82m is about 6.30 times daily avg of around 13m. That speaks volumes.

Looking forward to strong price appreciation next week given that we rising from a very low MCap.

All we need now is a JV deal with Barrick or another Gold player just like Tembo deal and this will re-rate Massively.

Its coming...

https://coinpriceforecast.com/gold

Gold price stood at $2,052.30 per troy ounce

04/14/2023, Friday, 4:15 am CT.

According to the latest long-term forecast, Gold price will hit $2,500 by the end of 2024 and then $3,000 by the middle of 2027. Gold will rise to $3,500 within the year of 2030 and $4,000 in 2031.