Member Info for TheUmber

all good here, exciting times ahead in 2025.

https://www.***************************/filtronic-reports-strong-trading-update-and-upgraded-fy25-forecasts-and-cavendish-upgrade/4121181495

Https://www.mwrf.com/technologies/communications/wireless/cellular/article/55240235/filtronic-how-will-mmwave-tech-impact-tomorrows-telecom-ecosystemechnology-in-the-future-of-telecom

OK, thanks for that, all sounds good. Not so concerned now after yours (Kutzz) and Hunniford's feedback. Cheers.

Thanks for the feedback, always nice to get the opinion of someone with more knowledge of investing in mining than myself.

I was a little surprised when I read the article because from the various bits of amatuer research i've done on Oriole Resources, the company seems to be doing everything right in regards to building up relationships within the country and local community.

I did notice that Oriole posted up on X today and yesterday about some local educational opportunities that they are supporting so I think they must be aware of this article and are trying to put a positive narrative out to show they are supporting the local people.

My concern really was whether there is anything in this article that could blow up in their faces and prevent them getting the required approvals/licenses?

We train engineers in geology and mining, but we fail to create an environment conducive to their employment. It is unacceptable that foreigners, sometimes acting on behalf of local interests, come to enrich themselves on our soil without bringing significant added value to the country. We need a new, more rigorous legal framework to regulate the mining sector, protect our natural resources and promote sustainable development. », he adds.

It should still be noted that in the field, Oriole has recently increased its actions to advance its explorations. The company recently announced a first drilling program at the Mbe site for the 2024/2025 semester, the first of its kind since it has been eyeing this site since 2019. To carry out this program, Oriole acquired of a new drilling rig last week supplied by BCM Group. This equipment, currently being verified, will be used for the first drilling operations. At the same time, the company has strengthened its social and environmental commitments by supporting local educational projects, implementing environmental protection measures, etc.

According to Dr Bareja Youmssi, mining and oil expert, Cameroonian Teacher-Researcher who questions the criteria for awarding mining titles, “in Cameroon, many mining titles are awarded to companies which favor stock market speculation rather than investment on the ground. Oriole Resources appears to be following this trend, in contradiction with the requirements of the mining code which stipulates that a company must have proven technical and financial capabilities to obtain a mining title. ". A criterion which seems to escape this mining company in view of the multiple stock market transactions. This would jeopardize the credibility of the company and the confidence of investors, while delaying the development of the local mining sector.

The expert warns of the risks associated with this approach. He underlines that the sale of 40% of the project to BCM International for a paltry amount of 4 million dollars could be a sign of a desire by Oriole Resources to gradually disengage from the project, by gradually ceding its shares to others actors. “The direct risk is that this project will take time to develop because what will happen very soon is that Oriole Resource will end up selling all its shares in the project and thus completely “farm out” of the project. Oriole Resources has just sold 40% of the project to BCM International which already owns 10% of the project for an amount of 4 million dollars (barely 2.2 billion FCFA which is equivalent to 42kg of gold. This amount is derisory and scandalous; shows that we are dealing with thugs and speculators who came to make money on mining titles in Cameroon and never had the intention of developing projects in Cameroon on their own. websites they declare very positive results on mineralized zones with gold contents ranging from 0.4g/t to 2g/t and resources estimated at several thousand tonnes but sell 40% of the project for an amount which barely makes the value of 42kg of Gold which normally represents just a maximum production of 2 weeks from this mine if it were put into operation… is that serious,” he adds.

A lack of specific skills?

Additionally, Dr Bareja Youmssi is concerned about the relatively low profile of Oriole Resources, a company apparently registered in a tax haven in Cameroon. The fact that Oriole only has significant experience in two countries, Cameroon and Senegal, raises questions about its ability to carry out a major mining project. The absence of solid references in other regions of the world raises fears of a lack of specific skills and a potential underestimation of technical and environmental risks. According to him, this situation reveals certain gaps in the regulations of the Cameroonian mining sector, which does not seem sufficiently demanding in terms of operator selection.

Hi Guys,

I've found this article on the following website, it's written in French so i've used Google translate to convert. Could some you clever buds that are a lot smarter than me and much more knowledgable about Oriole Resources please have a read and feedback.

Is this something to be concerned about from an investor's perspective?

https://ecomatin.net/secteur-minier-laustralienne-oriole-resources-envisage-emettre-1667-millions-dactions-dici-2027-pour-developper-ses-projets-auriferes-au-cameroun

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Mining sector: Australian Oriole Resources plans to issue 166.7 million shares by 2027 to develop its gold projects in Cameroon.

The operation planned in four tranches worries mining experts who suspect the company of increasing stock market speculation, by promising exploration results higher than reality, to raise funds without actually investing in the Cameroonian project for which it holds mining licenses.

Oriole Resources, an Australian mining company active in the Central and Adamaoua regions (Bibemi and Mbe licenses), announced a fundraising through the issue of 166.7 million shares at a rate of 0.33 pence, spread over four tranches until 2027. This operation aims to finance the development of its gold projects in Cameroon. The first tranche, scheduled for November 2024, includes the issuance of 64.7 million options. The following three tranches, amounting to 34 million options each, will be carried out in 2025, 2026 and 2027. In total, the company will have carried out nearly ten fundraising operations over five years to support its activities in Cameroon.

According to the company, this announcement comes as part of a broader restructuring of Oriole Resources' assets in Cameroon. The company recently obtained authorization from the Ministry of Mines to transfer the operating license of Bibemi to its subsidiary OrrCam2 and that of Mbe to its main investment vehicle. Furthermore, Oriole bought the minority stakes of BEIG3 in Bibemi for $39,000 and of Roxane Minerals in Mbe for $100,000, thus increasing its stake in these two licenses to 90%. These operations aim to simplify Oriole's structure and focus its efforts on the development of these two promising gold projects in the country.

Suspicions of speculative financial transactions

However, the recent restructuring operations of Oriole Resources, widely publicized in the financial markets, are causing concern among experts in the mining sector. The latter suspect the company of increasing speculative financial operations, such as share issues and options, in order to raise funds without investing significantly in the exploration and exploitation of Cameroonian deposits.

Https://youtu.be/rFn7tk7LqDI?si=hWtmEllggEV9efWG

Https://www.londonstockexchange.com/news-article/ALBA/retail-offer/16751730

All very positive news, 2025 is looking like it will be another very good year for Filtronic....

"We are in advanced discussions for some further contracts in the space and aerospace and defence market which we hope to provide updates on soon, and have enjoyed some smaller development contract wins in recent months."

As my dear ole mother use to say... a watched pot never boils.

I personally set movement alerts on my stocks and then just try to forget about them, checking in every now and then.

I do appreciate people have money invested and a big gold find would be very exciting but watching every move and waiting for news is no good for the mental health. It will probably be months before we get any real news.

Filtronics arerecruiting for quite a few positions, always a good sign for the future...

https://x.com/DavidDo32551124/status/1844671851546443797

Https://youtu.be/r_oZcEtRqpc?si=ZuUjd6djJvxe-jGF