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Lonely, I have no idea why you take offense at my posts. They seem fairly Benign to me.
Anyway, after reading your reply a few times it does actually seem like you have some reasonable questions.
"OMI will become a Newmont subsidiary and taken off the market, in other words those invested will be f-ed with unrecoverable money".
IMO, OMI will never become a subsidiary of Newmont and the only way they will be taken off market is if Newmont buy them out. If all goes according to plan OMI will end up with a 20 - 25% share in a fully operational Newmont mine. Personally I believe Newmont will buyout OMI before first production but under stock exchange rules they will need to pay a fair price. What that price is will depend on how far through the development process we are but IMO itwill be multiples of today's valuation.
"If according Thomas post 8 years for Omi to show real potential value , how does he see the company surviving all that time without generating rising profits, or where should they come from if till now that’s the value it’s stuck at, below not even 10p but it struggles to pass 5p". IMO with Newmont covering all Anza costs through to production OMI will only need to raise relatively small amounts, if any at all, to cover any other GandA costs. Personally I am not bothered if they raise small amounts as the project progresses. There's plenty of running room.
"It was pretty much f@@@ed before Newmont deal so be real what sp do you expect next year this time, will there still be Orosur 4 years from now?".
You're right it was pretty f@@@ed before the Newmont deal. However that had nothing to do with Anza. It was f@@@ed because of Uruguay situation. That's now resolved so no issues with OMI as a going concern from now on. Regarding the SP I have no real interest in SP other tham how it effects MCAP. I also don't like predicting short term valuations. What I will say is that in the success case I expect this to eventually realise a valuation of £95m to £125m. So excluding the effect of dilution over the years an SP at today's share issue off 80p to 102p. I don't think we will see that due to some small dilution along the way but as for next year, 4 years or 8 years pick a number between 4 and 102.
"What if Newmont say they seen enough and leave..."
IMO The SP will plummet, OMI will need to find another partner and will probably raise more substantial sums to keep the lights on until they do.
"8yrs do you know what stretch of time you are talking about unless you expect Omi to go up like Bitcoin, I am not impressed and would never invest for that long or advice anyone to do so".
I really do not understand the question here but sure but if you think 8 years is too long then fair enough. Bitcoin? WTF. Your not impressed? So what it's not my intention to impress you or anybody else. You wouldn't advise anyone to invest for 8 years? Thank God your not giving anyone investment advice.
The fact that OMI state they are in discussions with Corantioquia “to reduce the area affecting the ANZA project” implies that although the conservation designation “allows mining activity to co-exist under special controls and requirements” the company must view this as potentially limiting. As such, investors are entitled to be informed of the outcome and its implications, and with the October 2019 end to the current extension of temporary forest protection imminent, a conclusion or further extension is due soon.
I note, there is no reference to this issue in the MD & A (Management Discussion & Analysis) for the 3 months ended August 31st 2019 filed on SEDAR Oct 15th 2019.
In anticipation of any accusations of 'negativity' in response to this post, I would remind those concerned that on 12.10.2018 I posted a very detailed quantitative analysis of the APTA prospect and calculated an indicated resource based on currently available core-log data as c500,000oz Au, a calculation which was subsequently and independently confirmed by the Miranda Gold Corp (now Outcrop Gold) reference to it as a “plus 0.5m oz Au discovery”, as posted 18.12.2018. That remains the 'bottom-line' indicated resource but, as several of my subsequent posts underline, with considerable additional potential.
As previously posted on 18.09.2019, the OMI latest Annual Information Form, for the year ended 31.05.2019, submitted to SEDAR on 03.09.2019, confirms that parts of the ANZA region are subject to an ongoing environmental assessment for possible designation as protected TDF “tropical Dry Forest” and page 17 of the Report also confirms that OMI “is in advanced discussions with Corantioqua, the environmental authority for the Department of Antioquia, together with neighbour mining players in order to agree a new delimitation of the TDF which reduces the area affecting the ANZA project”.
In the absence of any further information from OMI regarding this issue, the following may be of interest to those wishing to monitor its progress and assess its significance. All of this information is in the public domain via Corantioquia.
The area proposed for environmental protection is the most southerly of two regions bordering the Cauca river designated as “Bosque Seco Tropical area 11” as listed under “Declaratorias 2017”. To the west of the river the area constitutes the eastern third of the administrative municipality of Anza and extends south into the NE corner of Betulia municipality and north into Santa Fe de Antioquia. Its extent on the eastern side of the Cauca river is not relevant to OMI's interests.
When superimposed onto the map which defines OMI's current and anticipated mining concessions the effect is to include within the proposed forest conservation area:
A. c80% of the 3903 hectare LHO-08011 contract application area, including almost all of the 'Jesuitas' target.
B. c50% of the 6219 hectare ICQ-080035X contract application area, including the eastern 25% of the 'La Cejita' target & radiometric anomaly.
C. All of the c3000 hectare, NE portion of the T13635011 current mining concession contract area between 'La Cejita' and the Cauca river.
All other current mining concession contract areas, including the APTA prospect and the Charrascala and Guaimarala targets appear to be west of and therefore outside the proposed forest conservation area.
to be continued
Well it doesn't seem to reflect that, if anything slightly worrying the constant decline but agree excellent entry / top up / average down price but could it go lower still and into the 2's is the question??
Hopefully won’t be too much longer before Newmont pull the trigger and the sp begins to reflect true potential of this. What an entry point at this level. My feeling with timescales was news by December so fingers crossed. Think this will catch a few off guard when it goes!
Agree ezlee87. With Anza in a great location it is just a matter of time for things to get started there for us, with good results very likely imo. A bit of positive news from Newmont would really wake up the sp here.
It's really disappointing how slow its taking here, but what gives me some hope is seeing that Buritica is progressing. Would love to see activity pick up at Anza.
Sloth- What do you mean by closed? I looked into to buy/ sell this afternoon and it was Ok to do large transactions both ways.
Maybe because OMI will become Newmont subsidiary and taken off the market, in other words those invested will be f-ed with unrecoverable money. If according Thomas post 8 years for Omi to show real potential value , how does he see the company surviving all that time without generating rising profits, or where should they come from if till now that’s the value it’s stuck at, below not even 10p but it struggles to pass 5p. It was pretty much f@@@ed before Newmont deal so be real what sp do you expect next year this time, will there still be Orosur 4 years from now? What if Newmont say they seen enough and leave... 8yrs do you know what stretch of time you are talking about unless you expect Omi to go up like Bitcoin, I am not impressed and would never invest for that long or advice anyone to do so.
Why is it closed on this share today? I have tried at different times during the day but it comes up closed for buying or selling shares.
Would be interesting to hear other people opinion of when we will realise full value from OMI.
What's your take noob, lonely?
I recon phase 1 will take the 4 years advertised for further exploration and resource definition.
I cannot see how it takes 4 years to progress from phase 1 to complete the pre-feasibility study. So more like 2 years for phase 2.
Phase 3, the feasibility study should take 1 to 2 years.
So IMO total time to FID by Newmont 7 to 8 years.
Out of interest Major - how did you come to the conclusion that it would be up to 8 years to see true value?
RNS just pretty much says what we know already. At least there are no funding issues. Sp still being dragged down. Been going down for a while now so a bounce must be due imo. When some good news does drop, which it will do at some point imo, then the sp will move back up very quickly as usual imo.
Unlike yesterday I can buy/ sell big numbers without issue, although my yesterdays purchase is still not listed.
Todays RNS is yet another 'buying more time tactics' and one can see it wasn't well received by the market players.
Ceo said the 'tsx approval should be very quick' after the court agreement and yet there is no news...and I don't
expect his reply to my e-mail.
Money we would receive from NM in Nov is adequate to cover the additional cost of 10mil shares. But we may not benefit from it.
Lonely? I can see why!
Thanks for the advice I will continue to plough any spare cash into my long shot stocks, OMI included.
FYI take a look at Newmonts last to annual reports and you'll see Anza is in there as one their highlighted exploration opportunities.fair enough it did get a bigger write up last year but definately still on the radar.
IMO there plenty going forward for new investors who buy in at these prices. I think this will be a slow burner but upon success it's got 10 bagger written all over it.
Why negative Thomas, you joking ? Maybe because some of us invested here when the sp was 70p + , that was back in 2011-12. Luckily I managed to exit at 50p but then watched it collapse all the way to 2p. Any other company would go bust and it’s probably and only thanks to Newmont deal it did not. They now play it like predator with its prey and Ignacio just a mascot to deliver the news positive or negative. There is absolutely nothing going forward about this not even mention on Newmont website they are involved here, so go ahead buy and hold for 8yrs maybe one day with another credit crunch you will get lucky...
Why so negative Webb's? How long did you expect to hold here?
Sure you can make some quick bucks on the peaks and troughs but this is not a get rich quick company.
IMO we can all get rich slow but it takes time to develop mining projects. I reckon we won't see full value here for another 8 years or so
So only another 3-4 year wait then and then 10 million share delicious anytime sounds great to me where do I sign. Lol
Nicely on track for Newmont
Link to this news-
Major shareholders list has remain unchanged so far of this month.
The successful sale of assets locally in Uruguay and internationally in cooperation with broker Savona is a key component to optimizing the outcome with creditors. The Company is in the process of issuing the 10 million common shares in Orosur which is subject to the approval of the Toronto Stock Exchange.
Orosur Mining Orosur Mining Inc. - First Quarter 2020 Results
UK Regulatory (RNS & others)
Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM:OMI), a South American-focused gold developer and explorer announces its unaudited results for the first quarter ended August 31, 2019 ("Q1 2020" or the "Quarter").
-- In August 2019, Orosur received the second of four half-yearly US$500k cash payments from Newmont Goldcorp ("Newmont") as part of the previously announced Exploration Agreement with Venture Option for the Anzá project in Colombia (the "Exploration Agreement").
-- Newmont has paid US$310k of the US$1 million minimum work commitment for the first year of the Exploration Agreement (ended September 2019) and must meet the shortfall in cash to Orosur by November 7, 2019, in order to maintain its Phase 1 earn-in right.
-- In Uruguay, as announced on September 17, 2019, the Court has approved the payment plan agreement between the Company's wholly owned subsidiary, Loryser SA ("Loryser") and Loryser's creditors (the "Creditors Agreement"). The ratification by the Court means that the Creditors Agreement is legally binding on all creditors and that the intervenor's control over Loryser has ceased.
-- The Creditors Agreement provides that the net proceeds from the sale of Loryser's assets in Uruguay, together with the issuance of 10 million common shares in Orosur, shall fully satisfy all amounts owed by Loryser to its creditors, as well as provide funds for Loryser to conduct this process and manage the orderly closure of its operations. The Creditors Agreement requires Loryser to manage and complete the sale and payment process within two years, starting from the date of the ratification by the Court.
-- The Company has a cash balance of US$548k at August 31, 2019 (May 31, 2019 - US$512k million).
Outlook and Strategy
During the year ended May 31, 2018, the board adopted an ambitious strategic plan to restructure its business, and recapitalize and transform the Company by advancing the Anzá project in Colombia, as well as finding a fair solution in Uruguay for all stakeholders and reducing its activities in Chile. The strategy remains unchanged and on course.
In Colombia, the first two years of the Exploration Agreement (commencing in September 2018) have relatively low minimum work commitments (US$1 million per year). The minimum work commitment increases in years 3 and 4, to US$4 million per year. In order to maintain the Phase 1 earn-in right, there are two additional semi-annual $500k cash payments due to be paid by Newmont to Orosur (in March and September 2020), in addition to the payment of $690k to cover the shortfall of minimum work commitments of Year 1 mentioned above.
In Uruguay, with the Creditors Agreement finally approved by the Court in September 2019, Loryser already started its implementation. The
Strange my buy is neither showing here or on Nex-
Stock Name OROSUR MINING INC COM NPV
Order Type Market
I didn’t buy any, just tested if I could trade.