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I'm missing the confident 2, 5, 7, 9, 19....trades today. Maybe AI bots are hiding behind them and paving the way for BoD to their next spin of webs!
Goody bag is still up for sale.
And market knows this....so somberrrrrrrrrrrring. Zero credibility!!
I personally think one of the main issues is that the trust has now been lost between Omi and us as shareholders. Only people benefiting from the situation are the people getting their wage. People can keep comparing Omi to other sites and companies but fact is now no one trusts Brad and what he says is all fiction and things he says just kept getting swept under the carpet. Let’s remind ourselves of the assey results that were delayed over Covid. Never to be seen or heard about again. The results that were so good they had to be sent of to be retested. Never to be heard of again. The list goes on. I know people are trying to be confident about what might happen but it’s just guessing. Let’s wait for Brad to spin the next line
Seingred makes a valid point re finance but the problem is Anza is technically not in Orosur's hands 100pc so I think it's a bit early to be talking "they don't have a JV partner to fund it" etc. Like Dr says there, I am sure they have had discussions with other companies. Perhaps no company will touch it also, of course that's a possibility. None of us know.
It's an ideal "shovel ready" plot with 30 Million already spent on it. It has also just had to two biggest miners in the world exploring it. Newmont's priorities changed, Agnico? Seemed to want to cut a better deal but Brad doesn't want to? So either Brad does want to go it alone, Agnico aren't really interested, Brad is trying to put pressure on Agnico for better terms of the have another company lined up?
It will need more finance to prove it up. I know much was made that it has to be a major with deep pockets but I think a company who are in the producing/ exploration game, perhaps with mines with short duration, no cash burn, making money but wondering where to go next will be looking at Anza. Especially if they are Colombian/ South American based.
Orosur's are on a new journey and they haven't jumped through the 1st hoop. It's the end of an old era and the beginning of a new one. Much has been made of the raise and the discount but I think folks are more annoyed at the timing more than anything as they out foxed us on that.
Same old story for a few days now....can't sell more than £400 (16000 shares) in the open market.
I wonder how long it will take to flush 34 million of AI bot trades??
Scammers at its bet.
I’d say no, neither are good comparisons. What asserts has CNR got... La India has a resource of... They are way ahead of here. Outcrop, are they even on the AIM market? Orosur are basically starting Brad new exploration solo on Anza, something they’ve never done before. Obviously the majors have spent 30m plus on exploration, which hasnt given out too much to the public which was there intention all along. A hell of a lot of field work, sampling has taken place with 150 staff on site at one point that’s where, in my opinion, a lot of the 30m went. The sampling on previous thought untouched sites the market as never seen, even in care and maintenance they had a few Geos still on site. The majors released as little as possible during there time here. The data is now in Orosurs hand, the secrecy will be long gone. I agree there will be dilutive along the way which is expected with exploration at this stage. Here’s hoping the board find someone to help with finance if Anza is deemed attractive enough. For all we know the board could already be in talks? Most of it is guesswork at the minute. The cost of Anza coming back will be nothing up front and payment years down the line, Brad has reiterated this is the last few webinars. I agree finance is the main factor here.
Dr, yes we agree that the j/v avoided the need to dilute . Well not quite. However, very little of value enhancement was achieved during this time and now the confetti printing has started and will continue. This placing shows how little they can raise and the astronomical cost. 25% discount and a full warrant share per heavily discounted share just reflects the weakness of Omi position. $500 k will achieve naff all and there will be another raise this year. It still remains to be seen what costs will come with divorce. Would agree that collective and Omi are totally different beasts , one with respected bod that can attract the finance needed at no discount to prove up multi m oz resource. Peeps here talk about multi m oz resource as if you can do it on a shoe string. I just cannot see how this bod raise the needed finance and the recent placing us pretty good evedence of that.
I have never seen a placing at Cnr with such a discount or a full warrant attached. That is a company that is a reasonable comparison as far as I am concerned.
Outcrops recent placing doesn’t appear to have a discount either. Still not a decent comparison?
I find the majority of the AIM market do placements at discounts. To be fair to the Orosur board to dilute 9% in three years... You’ll have hard on finding many if any on the AIM market with any less dilution in that amount of time. Still only, and I do say only again, comparison to a hell of a lot of other AIM companies Approx 220m shares in issue. We just need to see the board lead from the font now the noose of the majors is not around there necks. They have no scapegoat, no excuses, nothing left now. Regular director buys should be expected if they believe in Anza as they have always expected the market to. Seinngred I know you’ve shot people down for comparisons with other companies and I will do so with yours and Collective. They are a total different beast,I wish my money invested here had been put there instead. I’ve been following them closely and very much like how they operate.i know Brad obviously has as well, let’s hope he takes this on board and carry’s it forward.
Here is collective recent 18 m placement to do 40 k m drilling. No discount and a half warrant per share
https://markets.ft.com/data/announce/detail?dockey=600-202403040900CANADANWCANADAPR_C8874-1
25% and a whole warrant is giveaway and only equalled by hopeless cases like alien.
Dr I’ve just been reading all these years and just trying to average down as when but watched the price keep falling trapping me in. just kind of excepted that one day it may come good if we still have the jv partners after care and maintenance but when that changed. My mood changed and started to open my eyes to the fact this share is a total joke. I prob will have to take another chunk to get out but not until we have a partner. I’m not telling people not to buy I hope they do I’m just frustrated by the whole situation like most. Hearing the same comments over and over becomes repetitive.
We are all waiting for this famous rns and until then it’s just guessing everyday. It’s all been said and no point repeating everything.
Hi, Dr
Thanks for the reply.
Yes Imp, but in our current situation, with nothing really happening Orosur were never going to raise at zero discount. Maybe deep in to drilling if Anza proves to be as tasty as we all think then they may get financing like that. Though this is AIM, 25% discount is almost the norm. HE1 recently did a raise at 30%, Alien Metals last one at 29% for instance. The different is if they raise on TSXV the max discount is 25%. Hopefully they find a funding partner of some sort to progress Anza.
Dr R I can assure you I will be selling, most probably with a loss. Just don’t want to sell out of sheer frustration close to low (I did actually buy around 2.2 already and still hold it). As we’ve discussed before exits are a dish best served cold.
I hope I haven’t offended anyone here too much. My beef is with squarely Brad and Louis and any company where the bod are trying to leverage an asset for their own personal gains above the SP.
They need to significantly up their game to even appear a tiny bit credible.
How much has been spent on Brazil?
Don’t tell me….500k ish? Lol
Dr R....
I think people are going to be surprised when Anza is handed over even the most bearish. I hope Johnstoneo can get his money back. They'd probably be better adding now and getting that average down so they could escape, especially if as they say they are in high teens.... even the sensible posters, ones who have been consistent say at this level are saying it is a good punt.
Perhaps that is not an option though for them.
The problem is not issuing new shares as such; it is doing so at a 25% discount. Other companies (e.g, GMET) are able to do a fund-raise at zero discount, which then leaves the share price unchanged, everyone happy, and the management with money to carry on drilling.
The problem here is that the reputation of the company is so poor, or the tribulations of the company are so great, that the managers can only raise money at an alarming discount. And of course, things are aggravated by their refusal to put their own money in.
Well when the main asset has been sat in care and maintenance for 12 month with no exploration and it’s looking like that’s going to change fairly soon then why wouldn’t you be fairly positive. It’s no coincidence Johnstoneo that you’ve turned up out of the blue, apparently held here for years but have never posted throughout yet your now constantly on here posting all day. Maybe just me thinking it suspicious.
It doesn't baffles me, in contrast it's silly to suggest to anyone here to bail when they hold so many shares for so long..
AI bots are not adding at super discounted price despite of their master's are claiming to get 100% back and to drill Pepas in May. That suggest, placement has been manipulated.
I tried to sell 100k this morning and now, and I couldn't...so selling large amount in open market is duped too.
Yes I hold way to many shares and if I could bail like everyone I would but over the last couple of years I’ve just come to realise that this share is just a joke and I struggle with the people just defending Omi and talking of amazing recovery within a short time period.
The money will run out, you could say that about any company, anyone, anything. They’ve got enough in the bank for a years worth of salary, they’ve got the £500k ish from the placement for the immediate drilling of Pepas once Anza resolve comes, they’ve got the warrants at 4.45p... Do you hold a large amount Johnstoneo? Not seeing any sells, not sure why the doom and gloom merchants aren’t bailing when they are so bearish? Sounds to me they are just trying to get the share price down to buy. If so many opportunities to make quick money elsewhere, if I had zero confidence here I’d have no hesitation at taking a loss. Baffles me at times.
Hope so johnstoneo then we can all get on with our lives. I wish we could all just sell now. Rubbish company hi
Jack Al has hit the nail on the head. Enthusiasm drains as weeks go by and no talk to dreaming about directors buying will make a difference.
No comms and no deal says it all. The money will run out we all know this.
I voted for 50p....but it didn't count!!
I bet you he does buy another small amount. Won’t change perceptions but allows him to pretend he’s now doing “right thing”.
Who gives a toss now anyway. This pantomime has been fully recognised for what it is.
Things would need to change a lot more dramatically than ceo buying few grands worth for any credibility to return. Important stuff like a new partner, money to build a model, catalyst's happening on time and not being spread over such a long period enthusiasm has drained (again).
To change the perception of this stock being a gravy train they would need to buy proper amounts of stock and they won’t because they gave themselves loads a free bet options where the profit from upside and have no downside as they can simply let them expire or cancel them.
I really really hope this has one more spike in it.
Best change to create value for money is sell on a spike and put the money elsewhere. Preferably a company that values its share price above it’s directors perks and comforts.
They’ll buy once Anza is back in there hands, it’ll be in there interest somewhat to get the price up and sell there story.
He’s hardly going to buy shares with his own money when he can get the company (more accurately its shareholders) to give them to him for free via the ruse of calling it “compensation”. In his mind he’ll view this only as fair recompense for his efforts…
Agree Jack...potential warrants will be flipped for shares, so a tall wall of 34 mil turnaround.
Currently I can't sell more than 20,000 (£400) shares if I wish to.
LTHs are caged, trapped, and duped in here for long.
AI bot placement holders don't do emotions!