Member Info for WonkeyDonkey

I see gold is maintaining its highs on the back of all this uncertainty in the banking sector…

The doom laden prophecy will be fulfilled if everyone just keeps wingeing about it.

How about a little positivity? As has been said, they’ve delivered on everything, in a tough market (covid and Ukraine war, global economic melt down) and have been mega successful in a brand new country. I’d say they’ve done a fantastic job so far, even more so considering how bad the last couple of years have been.

Love to see what we’d all do if they just shoved off somewhere else and left the company!

Patience.

If you don’t know the timelines, you shouldn’t be in the sector.

Jemgee your obviously new to this sector.

Read the Iamgold release.

I guess there will be a lot of discussion on opportunities created by this news.

Great opportunity!

CBax, absolutely right. DYOR.

The previous ramp was based on zero news, they now have a JORC resource though, and it seems that is catching peoples attention so an orderly queue might be forming.

Daft selling at this price, someone trying to manipulate sp possibly?

Did anybody take them up on their offer of a face to face?

Viera, have you tried speaking to the Board? There’s a couple on here who have, they emailed them through the website I think?
Worth a try,

Did you buy any at the discounted price after the raise, when the price dropped? Even cheaper than in the raise… just sayin!

Directors taking another haircut on salary in lieu of shares: another 6 months on top of the 4 months they’ve already done so far this year.

https://polaris.brighterir.com/public/oriole_resources/news/regulatory_news/story/xz0gvor

Guess thats good as more of the cash raised will be spent in Cameroon.

Did you go to the AGM Hawaii?

A lot of people in pain as all of AIM is down hugely, so even with a spread of high risk explorer / miners stocks there is pain aplenty.

Sadly a good few came in on rampers advice and bought at top of the market, they’re suffering more than most.

There’s been many opportunities to average down and do some profit taking on the way through, I’m sure wise heads have made money in this despite the dropping sp

Who knows what the future will bring, Cameroon is a bold move but doesn’t it seem to be paying off? I guess it’ll come down to how the markets react when they finally shake off this malaise.

No point selling at this price

Hawaii I think you’re wrong about the presentations, ORR we’re out and about in public through 2019 and in the covid they had several zoom meets and interviews on a fairly wide variety of forums.

Might do well to get the facts straight as it undermines your story.

Yes, the raise was a pita, but if they needed cash, they got cash. Rather that than go bust.
And they’ve been taking massive reduced salaries through the summer, CEO took 100% as shares for past few months and remainder took 50% (have to check the RNS to confirm) - the point is that this does not look like lifestylers. Seems they are keen on Cameroon and committed to it. Just been hit with a sh*tty market and a huge bunch of profit taking day traders.

Nice!

Nothing but upside, now.

Jackbal, I’m not sure you understand how the exploration and mining world works.

Previous management sold off Turkish mine assets and the money vanished into the failed attempts to get an acquisition away and the requisition. Massive payouts to previous management, just look at Engelbrechts salary in the annual reports!

Oriole sold Tembo to get some cash and got castigated for it because they didn’t have a crystal ball to predict a company which had been non trading for nearly a decade would come back to life following Barrick merger with Randgold.

They’ve brought in a pile of cash through RD credits, hundreds of thousands that’s never been done before.

I can’t think they’ve not sold any assets because they didn’t want to.

As for investment across companies, that depends on geography, stage of projects, strategic goals of companies and investors. There are many, many African juniors who might want to do deals before a Philippine mine operator would.

It’s a complex world and there’s a lot of good companies struggling now, which is why we live in a world of opportunities!!!

Just look at Thor, ECR, Katoro Gold, Phoenix Copper, Cora - all down just like oriole despite production or advanced projects. It’s the market, it’s the economy.

I think there’s a lot to be gained from some prudent investment across a portfolio of stocks that’s currently trading below obvious value.

Just don’t get caught by the AIM a pump and dump crew…

I’m interested to hear how people think the company should fund its activities, if not from a raise?

It’s the junior market, it’s kind of what they do at this stage, until they prove up an asset they can sell on.

Personally I’d like to see some cash coming in from assets sales, but absent that, the company needs to continue to function and the management and board have been fairly good at doing salary sacrifice through covid and more recently to keep the cash available for work.

Jackal, you say ‘month’. Singular.

The RNS says ‘months’. Plural

Someone posting here was trying to make a big deal of the ‘month’

Just want to manage expectations, too many pumpers and dumpers in these BB’s and all with their own agendas - accuracy matters if you’re trying to influence a share price.

Looks like beardozer cut the quote short…

Jackbal, not sure where you got that quote from. This is the actual RNS (from the Oriole / Stock exchange site)

"Consequently, the 2022/23 field season is relatively inexpensive and the fund raise announced today reflects that. As has been widely reported, the global economic conditions are extremely poor, and to be able to successfully complete a fundraise in these market conditions emphasises the demonstrable progress we are making in building market confidence in our assets, as a result of our ongoing work programmes. The raise, which was completed without the overhang of warrants, provides the funds we need to deliver meaningful progress at our exploration projects over the coming months and we look forward to keeping the market updated on that progress."

I’ve followed these guys nearly 20 years and they have never delivered anything. No new targets, no new ground, no real ‘testing’ of their ideas. Hopeless.
What happened to the Turkish company coming on board and solving all the problems????