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Zapsnsap also sold out in 5’s like I suggested I would.
Very low levels of market intelligence on show when people say “if your negative just sell and move on”
Smarter to work a better average and sell at a price you can stomach.
Just because I thought snd still do that Bwad the gimp is unfit to be responsible for PI money didn’t stop me buying more at 2.2 and using that to reduce loses.
The one thing they can’t afford is delays after 15 months C&M.
The drill budget is already ridiculously small for Colombian rugged terrain and each months delay eats into it.
The dropping of Brazil just highlights more money wasted.
Bhragav gets it but you all don’t like the truth.
Ramping Brad up like a bunch of sycophantic cheerleaders with Stockholm syndrome.
The “free hits” = lies
“Keeping powder dry for Colombia” is not smart management born of choice. Its the result of previous bad decision making.
I’ll F off now but the imbalance is ridiculous
Your not meant to support a stock like your favourite team or a family member out of love.
Your supposed to analyse critically.
Just ridiculous how he sold 9% of equity at lows after wasting money in Brazil when many of us not just myself said it was a bad strategy at the time.
Good luck everyone but Bharghav has a right to say it how he sees it.
The way I look at it for the risk is we get it back get drilling get good results and I can't see why we wouldn't be back at previous levels unless I'm missing something the previous dilution wasn't that big think someone said 9 percent?. But there is always risk you pay take the chance, doesn't work sell up move on try the next one we're all here trying to make money at the end off the day.
smokey i'm sure he is trying his best if he's talking rubbish and doesn't turn out to well his rep will be further tarnished and he doesn't want that , even though he's picking up his salary, can only bull**** so much before before even him would get fired and replaced , hopefully it will all pan out ok.gla
Cash balance is healthy for now, but more will obviously be required for exploration at Anza, though once that’s starts it will be more than welcome. Maybe the recent placing was done at a discount and at that current time to prevent the share price getting ahead of its self, therefore allowing the directors to buy at a low price as we all know they cannot buy until the deal is done. As for the 17m placement shares I don’t see too many sells flying through now, I’ve been able to get a quote to sell 1m plus now for about a week, so it’s not like it’s hard to sell. Brazil now off the books as we expected. If it stays around this level or lowers I’ll certainly be adding to my ever growing pot. Good to here camp is getting ready for the rigs and drilling, I don’t think there’s any chance of the deal not happening, after all Newmont are our biggest share holder and it’s in there best interest for Orosur to prove up Anza. The RNS could for all we know, include some way of financing Anza. Taken from the March RNS ‘Further details of the Transaction remain commercially confidential and will be disclosed if and when the Transaction is completed.’
That's the risk to take smokey1. One could argue that they said they would look to get 100pc control back. They got scoffed at then. They are on the cusp of that, LOI went in and officially updated market of that. Easy thing to do would be to sell if you didn't believe. Even the less optimistic, or ones who don't believe in the company at all are still here. Of course could invest when the official update comes through instead if less risk averse. Or of course if you think it'd a failure to sell out completely. We are all adults at end of day. Everyone has to make their own decision. No one could hold ones hand.
We only have his word that everything is going on in the background at anza . His word hasn't been that good lately?
Apparently the team are at Anza setting up camp, infrastructure etc which doesn't come across as a company that seems to be worrying about timelines or it falling through . I'm not entirely sure that's the case (a delay) and as a few have pointed out expectations were that it most likely come together in May. I do think the credibility would be shot if they over stepped that timeline end of May but as always could be a possibility. They do have form previously for missing deadlines. Perhaps being more cautious in the previous RNS was more warranted. I do agree bhargav that there will be director buys soon, perhaps at 5p as you suggest. I think that has to be a given. Of course that cannot happen until all cards are on the table. I don't think anyone can be too disappointed, end of day nothing to be disappointed about realistically. The market know that too. Like I said it's a weird one. Brazil off books is a plus, as pointed out finance was decent too. A lot too look forward too still.
Zap-
Not often I get to see any upfront view like you just did.
And you've been here for 6 years.
Most here are just following a pied piper which they cannot have enough of.
Even the pirated copy of Sherlock Holmes is concerned of my energy. And clueless forensic officer of late!!
Placing to VIP holders will going to hurt for months ahead...and there will be another one after that.
A solid double bottom is at 1.8p which it didn't materialise, and I hope it doesn't.
BoD have cleverly plotted the unwarranted placement so that they can make pretentious buys in next month or so. I suspect around 5p mark.
I can't comment on your 400k, as it's your prerogative.
But appreciate your post, unlike most mugs out here.
Gl.
Thanx zap for your honesty and what you think, I don't mind if peeps speak up with honesty and what they truly feel, that's natural and normal, hope you will come back in sooner or later zap, which I'm sure you will at some stage as the prize here is too big to miss.
I have an interest of 100,000 shares (small, I know - but i sold out 400000 recently). I have 2 comments to make about the RNS for whatever its worth:
1. The cash position is healthy and ironically this annoyed me as we did that ridiculous placing for peanuts- no need for it. I am sure we would be closer to 7-8p if we did not have it. If Brad was invested heavily, he would not have done it.
2. The delay (because it is a delay) was expected. In the interview he insinuated should be done by end April. Drilling in May. He did say that this could slip ...... so then why say should be done end of April. I appreciate that he is just "trying to be helpful" but he has told us too many porkies in the past. if he was ever sure about anything, he would have put his money where his mouth is.
The point here is that there is a rocky ride ahead. hold on to your hats. This will come good but nothing that comes out of Brad's mouth related to operations is worth anything. He might be an amazing geologist. i dont know. I sold out because i knew timelines would slip. My guess is that we will drill in July after signing end June. pure guess. GLA. great LTH who deserve the best.
Folks - just take it as another opportunity to acquire cheap shares and build your stake here - that's what I did today and will continue to do so at these lower levels. It will better allow you to trade the weeks and months ahead. All the signs here are pointing towards big news landing here next month. I mean they have given up the Tin JV - so what more evidence do we need of the direction of travel.
Watch out for the MM games here as well. They need/want shares. Those late sells were in fact buys. I know that because one of them was mine. As soon as I put it in, the price went up again and I couldn't get the same price on my next chunk. Maybe they don't want us to see the buyers that are accumulating at lower levels, in case we decide to do the same.
Let the chart be your guide - it is looking quite constructive right now (large base forming and potential double bottom into news anyone?). I'm certainly an accumulator at these levels. All imo and GLA
What a pair of clowns, day after day spuing out complete garbage and as for bhargav who supposedly is a big holder here why run a company down when you have so much invested here, makes no sense, unless ofcourse he's sold out and wants back in cheep, either way I don't trust one word they say, one of a kind maybe the same bloke, they both talk the same sh$t, if your not happy pls sell at the first opportunity as I think most on here are sick and tired of the constant insults at Brad, the bod and enyone else who supports omi, rant over, get I life and move on, aim is not for you and of gla genuine holders.
Hi, Chicken, Sharetrader and Legal
Thanks for some sensible posts. I don't understand the motivation of bhargav and leematt in trashing the company; looks more like a personal vendetta than a paid hit-job. But they have enough energy and commitment to dominate the chatboard, which is unfortunate and off-putting to potential investors.
Had worse days have to say. Every day that passes brings official news and updates from the company closer. I personally haven't even blinked. The optimistic view was that a Colombia update would land end of April. To be honest, we are still a week away from that still. Very hard to predict exactly when something of this nature will go through. Perhaps Brad has been a bit too positive in the last RNS, but if someone want to be in for that news and the upcoming drill then it is going to be hard to time. Pretty much any day from now is going to be fair game from now, the company don't have any control over the matter. It seems that MMS will take big holdings through out the day and any significant buying pressure will move this quick. No one has a crystal ball of when we will get an update, but trust that the company are looking to get everything in place so that when it comes, they can start. Remember Newmont will not be hard to deal with, they are Omi's biggest shareholder. Tricky one for bulls and bears but judging by the action today, I didn't get the impression that there was a massive exodus.
Ok I apologise..for the clueless ST- 50p next!!
Trust in Brad's creditability🏆. That's the medal for you.
Bharmatt, Leegav the current situation is totally out of Brad's control. To actually try and apportion blame at this time sums up you and your alter egos desperation to try and sustain your attack on Brad under any circumstances. It's not only become highly tedious but destroyed any credibility you had left. I suspect you can't help but continue on this farcical crusade but it's about time you sought some professional help whilst you still can.
🥱🥱🥱😴
It's Ok another five years should go real quick...!
....as we know certain things are not in our poor BoDs control. So it is understandable.
Oh - and the bid has gone up as well!
Utter nonsense from the de-ramping loonies. I can't buy more than £1k at the moment without the bid going back up, whereas MM are willing to take £25k inside the spread!
Sadly Aquis is pointing to:
Share Price: 3.80Bid: 3.40Ask: 4.20Change: -0.80 (-17.39%)
No wonder, what next?
Leegav Bharmatt I think most of us have had enough of your shenanigans even more so.
Well....euphoria dried once a couple of VIP shares holders exited with some help from MMs...another month...and so many elite holders....don't know where this will end up....can they still raise the bid for the more knowledgable investors here?
Share price falling apart.
Surely Brad our fearless CEO knows one can inform the market with a negative RNS and expect little reaction.
Especially from a company like Orosur who lets face it have delivered bad news via RNS more times than iv had a chicken vindaloo on a friday night.
Well at least Brad and Orosur management have not been so drastically affected with todays share price decline.
Of the $2,500,000 (yes $2.5m) they have collected in wages, the management including Brad collectively own just $50k woth of shares. Paltry and pathetic.
The average Joe blogg public member who strives and works damn hard must think if management in the know have f* all ownership of the company - they what confidence sould those NOT in the know have to invest with??
On top of that Orosur was once a 300p company and decline to a paltry 2p - a company pi**ed away.
Im staying well away...... cant trust the management deliver titbit of positive news to rope in the suckers and then crash the share.
Todays delay is just the start of a freefall i reckon.
The market has had enough of Orosurs false promises and shenanigans!
*************orosur_mining