We would love to hear your thoughts about our site and services, please take our survey here.
We must be under the radar as there is no ‘I told you so’ or what the ‘the f##k are you talking about. I might be wrong but this isn’t the charts/news I usually follow but god it’s a breath of fresh air. Good luck and no one can complain that we all haven’t expressed our thoughts on other boards and most aren’t listening!
I actually believe this company is at the beginning of the 21st century gold rush!
Wed, 3rd Feb 2021 07:00
RNS Number : 7822N
Oriole Resources PLC
03 February 2021
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Award of New Licences Significantly Expands Footprint in Cameroon
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is delighted to report that it has, through its 90%-owned subsidiary Oriole Cameroon SARL, been awarded five new licences in Central Cameroon (the 'Licences'). The Licences, together with a further three new licences granted to Oriole's partner Reservoir Minerals Cameroon Sarl, a subsidiary of Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques SARL ('BEIG3'), represent a contiguous, district-scale land package covering 3,592km2 of highly prospective geological terrane. An initial programme of desktop remote sensing and regional-scale stream sediment sampling will commence during H1-2021 to identify targets for follow-up.
The licences have significantly expanded the Company's operational base in Cameroon, complementing the more advanced exploration programmes currently ongoing at the Bibemi and Wapouzé projects.
Highlights
· Oriole receives approval for five new exploration licences via its 90%-owned subsidiary, Oriole Cameroon SARL;
· BEIG3 and its associate Roxane Minerals Limited will have a collective 10% free-carried interest in each of the Oriole Cameroon Sarl Licences up until the definition of a minimum Measured and Indicated resource of 50,000 ounces of gold; thereafter, funding will be pro-rata on a contribute or dilute basis;
· Three further licences granted to Reservoir Minerals Cameroon Sarl, a wholly-owned subsidiary of Oriole's partner in Cameroon, BEIG3. BEIG3 will have a 10% free-carried interest in each of these three licences up until the definition of a minimum Measured and Indicated resource of 50,000 ounces of gold with Oriole having the remaining beneficial interest; thereafter, funding will be pro-rata on a contribute or dilute basis;
· The combined, contiguous licence package covers a total 3,592km2 gold-prospective terrane in central Cameroon:
· The licences have an initial three-year term of a possible total nine years tenure;
· An initial programme of desktop remote sensing work and regional-scale stream sediment sampling will be commenced during H1-2021 to identify targets for follow-up programmes.
Oriole Resources CEO, Tim Livesey, said: "As first movers in Cameroon, and with further advanced exploration ongoing at our Bibemi and Wapouzé projects in the north of the country, we are extremely pleased to have received formal approval for these additional new licences in central Cameroon.
"Based on our in-house prospectivity analysis in 2019, this district-scale grassroots licence package was identified as having significant potential to host orogenic-type gold mineralisation. Key geologica
A board should be about info not that Bitcoin is up or down. I’m an Argo believer and I am firmly on the side that PW is one of the best CEOs I've seen better info on a fag packet, so surely a board is greater than the share is up or down? It’s better than it was but I’ll give another few weeks! Good luck to you all.
It’s all about Bitcoin and then being the best in the mining space. We will be! but if you can’t stand 20-40 drops then you haven’t researched this asset class, yes asset not currency, it’s like crypto gold but with a bit more spice. It’s the cycles you should research not the hrly movement. I haven’t missed missed this board. BTW KR1 is more of opportunity without the noise!
Now this is company share price has found a base, only news flow will push it forward. I understand the directors keeping their shares is a great sign but it’s positive news we need and then maybe I would agree with the share price predictions on this board.
I will say the though this board have enough experience to surprise!
With other listings I have seen anything between 3-8 weeks. It all depends on the amount of paperwork etc. So we should hopefully receive two bounces in the share price, the first with the intention to add to liquidity on another exchange and then when actual shares being more easily accessible!
https://twitter.com/financefunky/status/1353698410986090496?s=21
Can only help. He has a reasonable following.
https://coinmarketcap.com/alexandria/article/crypto-staking-guide-2021#toc-what-is-crypto-staking-
In believe the RNS answers your question!
Have a watch he’s sees dot at 45 shortly.
https://youtu.be/Y8t2I4kloxc
The BOD need to put out their intentions on the staking as I firmly believe this determines the future of the share price. Reinvest for growth which is my preferred option or an income operator which would hopefully close the NAV gap, this could push into a premium on the sp. The board can’t sit on the fence as the market will push them in a certain direction or request a plan once the company is more visible. Food for thought! Good luck all.