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I have sent Brad an email, asking for further info on the due diligence procedure. The reason this matters, is that it affects the time-frame; if lawyers and accountants are involved, delays are likely. If it's just Brad and Louis going through accounts and documents, then much less so.
I also asked, if he himself will be supervising the drilling at Pepas.
This is the week to position yourself ahead of the next update imho. Next Monday is the 22nd of April so there is a small possibility news could drop next week. If not, in the next 2/3 weeks. Not long to wait.
Bought a grand's worth just before the close. I had to do it NT but the deal went through at 4.8p fortunately.
Doing my bit to mop the sub 5p stock.
Unbelievable....no trade since 3.18pm
Being quoted just under 5p now for £2.5k. It's inching towards 5p. Will MM raise the bid now?
True....NT even for small amounts although spread is showing 4.60-4.80p.
4.9p to buy even small amounts now. If this carries on, we should be trading in the 5s very shortly.
Not much selling now. MM want your shares, as you can sell large amounts to them inside the spread. Clearly prepping for the big news to land here in 2 - 4 week's time. It's a case of keeping hold of your golden tickets and adding in the 4s whilst the opportunity is still there imho. GLA
All will go through legal teams
Please feel free to ping the clown and let us know what he responds to you....if you've a time?
Thank you.
I don't fully understand this due diligence. Is it only a matter of going through accounts and documents (presumably in Spanish), or does it also require meetings with representatives of MMA? And are lawyers and accountants involved? Or can Brad and Louis do it by themselves?
Also, do we know if Brad is in Colombia, or elsewhere?
Not a big activity today, but it appears that astute investors are snatching up a few tickets before Chicken's forecast touches new heights :)
Yes Legalwolf. I imagine some will want the security of the contracts signed before committing more funds or entering the fray. Owning 100pc of Anza will have to increase the mcap here. No doubt about it. A sensible figure is probably around 7p to 10p in my mind. Much higher than today's share price. Drilling results however will be the real driver to push the share price and the company are vocal about doing that quickly. Previous results at Pepas pushed it near 300pc if I remember correctly. Tickled 20p so I don't think this figure should be completely ruled out in a few months. Especially as gold is booming and the geopolitical situations popping up all across the globe. These are quite frankly mysterious times.
4 .75
5. 45
Absolutely right - there will be a LOT of people/money that won't commit itself until the deal is concluded and this is de-risked in that sense. So expect another move up when the RNS lands.
The rise at the moment is a tentative one as with Brad no one believes it till they see it. Just look at what happened when we all thought Phase 2 was a done deal and then we end up on C&M not long after. So this deal is not certain by any means until the dotted line has been signed. Then we will see interest grow even more and a decent rise.
I'm not sure why anybody here thinks that the share price will climb massively, upon confirmation that OMI has regained 100% of ANZA.
The share price has climbed 100% since BG announced this was happening. Drilling and assay results will elevate the share price. A JV agreement would certainly be good for immediate gains.
Same here Akrigas, i know i can make good money at any of these prices, i have a holding i'm happy with, but a little set aside if it drops a smidge, just for the buzz of snatching some a little cheaper :)
Nice to see a balanced optimism returning to this omi bb , I for one can't wait for the morning bell tomorrow and have some extras just incase it slips a bit early doors as I'm sure others have been raiding their sofas and mattresses to top up if necessary, my average now just under 7p so I expect this by mid week without news, if not then the following week, so no worries there but defo heading north even with traders and profit takers taking their cut, as I'm looking longer term 10p, 20p or even 30p or more who knows but the raging bull is out and chicken is on the bull so I'm quietly optimistic now, as are many here, so let's see what the next few weeks brings but sure glad I'm in and not out and some spare change on any slips let's see gla.
7p incl placing overhang is reasonable expectations before the news in a few weeks or before?
Without the placing that's where we could've been today or 8-10p.
I think we go 7p on or around confirmation and then the Pepas drill takes us into double figures. A lot of money will only commit itself on confirmation and pay the premium for taking that risk out. I'm sure some of us already in will also add more when we get the RNS.
What confirmation does is that it opens up the possibility in people's minds and expectations of this going on a run towards 20p, and then 40p, during the course of the next 12 months, because that is what it has done in the past, and when it moves, it moves quick, and basically just fuels itself. All imo and GLA
Not long now till the end of the month. Brad stated in the RNS that everything could be sorted by as soon as the end of April. Do we think we will see a rise into the news and the whoosh if good news or do we think people are waiting for confirmation then they will pile in. My average is just under 10p so I’ll be adding when funds allow as I’m sure we’ll be over this price in the next couple of months. Glah
BG seems to have got his mojo back. Purring away now.