Member Info for PaulieM

Particularly this:
After the positive comments on results achieved during the year, I must address our share price. When I joined the Company in February 2022, the share price was 0.34p, it is now in the region of 0.14p despite the excellent results noted above. Part can be blamed on the economic uncertainty of the markets and the gold price, and it is true that most small cap gold companies are experiencing tough times. However, it is obvious that the market continues to price in further equity raises which has compounded these other factors and led to a considerable negative effect on our share price. As a personal investor at 0.34p, 0.30p, 0.18p and 0.12p, I recognise the pain and can understand the frustration of many of our investors especially those who regularly contribute to the share chat platforms. Having read the recent contributions I can offer long term and short term shareholders the following observation, in over 30 years in the resource sector, I can truly say that I have never met such a hard-working, diligent and competent team as that at Oriole and whilst I too dislike dilution unfortunately, equity raises are often part of the funding requirement of a junior company. However, we are doing our utmost to seek value elsewhere in order to minimise the requirement for equity and I would ask for your continued patience as we endeavour to seek value within our asset portfolio in order to achieve a better share price for all.

Good write up in Questor's column today. I'm holding on to mine!

I think you'll find PMI has been tipped today as Telegraph's share tip of the year for 2023!

Really impressive set of results in my opinion. Market may focus on the drop in cash but with a reduced store estate and online working well, its looking great for 2023. I would expect them to hit 1 in 5 by 2023. Which doesn't rhyme unfortunately! Maybe 1 in 4 by 2024?

That's a great summary and warms the ****les of my heart to read after the year we've had so far. Good find!

Interesting for 2 reasons. Firstly I've been a shareholder here for a couple of years and don't understand why the price is where it is. Secondly I was at school/ college with Graeme for 5 years in the '80's so I should perhaps track him down and ask him myself ( we were in the same year and class for a time and I haven't seen him since a school reunion about 14 years ago).

Many thanks Csi_Basel.
Much appreciated.
Mr. D knows what he's doing and I'm happy to hang on to his (Superdry branded) coat tails.
P

Could you cut and paste article? can't see past paywall!

As someone underwater at the moment (by quite a high percentage actually) I'm wondering exactly where we find ourselves on this fabled curve and how much longer before we start to move up the vertical axis; before the end of 2022?

I don't know what the net tangible asset position is on the balance sheet but with around half the current company value at today's share price covered by cash plus an almost 5% dividend announced, this is surely a tad undervalued?!

Maybe the market knows the results won't be as good as we expect. I hope I'm wrong as I've held these all the way up to £4.75ish and now all the way back down again!

.43? Me too! Some way to go yet but the fundamentals haven’t changed for me so will stick with it!

DEOS, you're currently £33K down and reducing by the day. Every penny increase closes the gap by £600. If you can hold for all of 2022, I think the position will reverse. Tempting to sell when you get back to breakeven though!

Please see recommendation in Questor column in Telegraph. I'm not a shareholder but I wish I had bought yesterday!

Mumbo makes a good point; the 5% will set the overall Havieron asset value which currently makes up most of GGP and with a current market cap. of c £600 million, the 5% will need to be valued at no less than £100 million to maintain the current share price. As someone who is heavily underwater with over 300k of these, I want the same outcome on this exercise as everyone else but his point nevertheless is valid!

The list of assets from Bamps raises an interesting point of negotiation. Presumably the current review between GGP and Newcrest involves valuing 5% of the Havieron asset not 5% of GGP. If both parties come to a mutually acceptable conclusion without either party feeling 'done over', the opportunity to work together on future discoveries must be considered, not least the proximity of Telfer as an asset in processing.

There's probably a self help group here somewhere! I started buying at 28p and carried on through this year. I even bought a further tranche just before the Friday close on the day of the recent fundraise (doh!). 335K at an average of 20.5p. looking forward to lifting news soon!

Many thanks all. I started buying again when he did last year and that didn't turn out to be a bad move. Reading the tea leaves I'll stick for longer term growth back up beyond £4.75 and keep holding for better times ahead!

Are you able to post article?

I've experienced lots of updates which have read very well but have produced a fall in sentiment on the opening bell. To my amateur eyes, this looks to be a good update? Under water at present but hoping for a re rate soon. Fundamentals look promising!