The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
cekim, obvs someone whos trying to keep the price low to cover their short!
Bridgogg1, it wasn't Orioles deal - It was a Stratex deal prior to current management. For what its worth, any incoming funds from old assets over which they have no control would be most welcome.
But do feel free to keep bagging ORR, as you're clearly short!
That might catch some of the shorters / dumpers out!
So they’ve done absolutely nothing since they sacked off the management and board last September…
Except spend €1.2m.
Not sure what on…
“Coiled spring”…?
More like something else that’s often coiled…
Zero movement since they sacked off the management and Board at the AGM, Anderson’s cronies haven’t got a clue.
All that’s happened is investor money has been spent and share price has dropped.
Jackbal, might be easier to get a response if you just write to him as others on here have done. Think the website has a ‘contact’ page (most do)? Not sure they read the BB’s, too much negativity lol !
https://polaris.brighterir.com/public/oriole_resources/news/regulatory_news/story/rm3079x
News out on Bibemi - looks positive
Thanks Troajan,
Some of the ORR results from Bibemi have multi gramm and multi meter hits, lets hope they find more.
Troajan, hasnt ORR had wider and higher grade intercepts than ECR... Whats the buzz on ECR, why is this better?
Alans55, that's exactly my position too - cannot understand why people sell at this level when the obvious thing would seem to be hang in for the assets to deliver.
Lots of negative posts, maybe we should do a poll?
1. Who bought in during the pumped price hike in early 2021?
2. Who is a longer term Stratex shareholder?
3. Who has bought in because they feel the Cameroon targets have opportunity to deliver?
4. Who bought in because they feel Senegal has the opportunity to deliver?
I'll start:
3 & 4
Research note out from Shard… seems bullish.
https://wp-orioleresources-2020.s3.eu-west-2.amazonaws.com/media/2022/05/Shard-Capital-ORR-18-05-2022-Fare-option-R.pdf
Troajan, I think what they mean is how they structure their ownership.
They’ve already started spending the next lot of cash ($4m to go over 2 years), so it doesn’t look like they’re walking away!
Troajan, exactly my point. Good news, more free carried exploration, opportunity to expand footprints, nearology to the recent Chesser resource - all fairly positive if you ask me.
AveryB, I don’t think that’s a pattern - block sales happen all the time. Look at the last 12 months and there’s no predictor.
Kutzz, have you tried reaching out to management? I thought I’d read that someone had got a reply from them previously, was that you or was it another board I’m thinking of?
No idea why people would be selling into positive news like todays announcement.
Godofhellfire, who is ‘they’?
Do the chartists have any clue what the company is doing and what the likely re-rate trigger points are?
I’m always suspicious of charts which are in no way linked to the sector, commodity or stage of asset…
It’s AIM.
It’s early stage.
It’s high risk.
It’s a numbers game - find a team who know what they are about, one that have the best ground and a large package which maximises the chance of success by bringing in the most targets (central Cameroon perhaps?).
Understand the timelines.
Understand that juniors need funds to operate and spot those who have a record of fiscal discipline.
All the above seem to align, opportunities abound and it’s a game of patience.
DYOR.
Warrant exercise price was 0.68p I believe.
SP will rise if short-termers stop selling in to every piece of news. That is why is in the doldrums surely?
Bonanza seems to be an industry term for grades over 1 Oz, so it’s just the usual ‘accuracy’ which they have. They explain that in the RNS.