Member Info for YankeeDoodler

NovicePensioner - One has to wonder why he left…

Cekim - Lanstead delivered well as the company pushed out news flow from the deal he did with BCM. (Seems that the news flow has stopped, despite the funded programmes at Bibemi and Mbe)

NovicePensioner;

Buy now.

Why?

It is an absolute bargain.

It practically can’t go lower (value of incoming funds from BCM is equivalent to market cap).

It’s sitting at the level it was when Chair bought in £200k worth.

It has huge upside swing potential from a number of different assets;

Bibemi

Mbe

Senala

Wapouze

Muratdere

CLP ground

It has ongoing, fully funded programmes, courtesy of BCM investment of $millions…

Gold is continuing to stabilise above $3,000 with no sign it can’t go higher.

It is only a few months away from close down of the Lanstead agreement.

AGM coming up in a couple of months…

Absolutely the time to buy.

Infill drilling, not extensional drilling.

Are they drilling along strike, outside of the existing pit shells?

Are they testing any of the other targets along strike or in the parallel shear systems?

Expanding the MRE at Bibemi based on new drill data is key.

I believe we are expecting results from the last programme soon?

Grade is king.

Dropping the cut off grade below 0.3G/t to increase resources seems disingenuous. What is the cost of operations (in g/t terms)?

Seemingly so, yes.

Coyote2000,

Cora has an MRE in excess of 1 m Oz and a completed DFS.

They’re a ways ahead of ORR, though admittedly in a tough jurisdiction.

I wouldn’t say they were comparable.

That is a LOT of artisanal activity.

Is there any gold left?!!!

Godofhellfire

They need to step up their exploration game. Namely the pace. They have separate funding for two separate areas and they have their own cash for their own licences.

Yet they seem to be unable to run concurrent programmes.

As has been noted, salaries and GandA costs are a burden on any Junior, so running exploration programmes in parallel rather than in series would see appropriate.

Have they ever done anything at two place at once?

Seems like a lack of capacity in the exploration group.

HawaiiFiveOh

Chesser delivered a resource.

That was the difference.

Analysts assume a value for ounces in the ground (between $10 and $25 per ounce usually).

An MRE could help sp.

500,000 ounces @ $20 = market cap of $10,000,000

Has Martin built any mines before?

Glad I got in at the bottom!

Is it time to resurrect this old dinosaur and if it is who will be coming in to fund it

Lanstead is not a death spiral, but it does keep a brake on a bit I think.

The company need news - the trenching and drilling have been ongoing for weeks if not months and it is long overdue an update even if it is just some photos and detail of meters drilled or dug.

Would be nice to see the Directors support - the company is well placed and they seem to have cleared any news with the latest RNS, so a good time to buy for them.

Nice interview, some sensible long term vision.

Is this new news?

https://polaris.brighterir.com/public/oriole_resources/news/regulatory_news/story/w166ger

The Projects

The Bibemi (202 km2) and Wapouzé (181km2) licences, held by BEIG3's wholly-owned subsidiary Reservoir Minerals (BVI) Cameroon, are located in north Cameroon. The Bibemi licence has a renewal date of April 2019 and renewal of the Wapouzé licence until 2020 is under application.

Surface exploration (predominantly stream sediment, soil, rock and trench sampling) on the Bibemi project to date has focused on the central Bakassi area of the licence where gold is predominantly hosted in quartz veins which can be discontinuous and irregular. Three parallel mineralised trends were identified on the licence by former operator Reservoir Minerals Inc. ('Reservoir'), over a strike distance of c.20km. During its due diligence, Stratex noted that 7,744 trench samples were assayed for gold and the best results previously reported by Reservoir included 14m @ 1.00g/t Au to 6.2m @ 8.05g/t Au (Reservoir announcement dated 18 November 2014).