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Tight volume is always the case here, how much one can flog varies each day as it comes, rarely you can flog it all in one go. It is the same with buying too. Unless, you pick up the phone and deal with it.
MEDELLÍN, Colombia — Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), a South American-focused gold developer and explorer, is delighted to announce the appointment of Brad George, 54, as Non-Executive Director of the Company with immediate effect.
Mr. George is a geoscientist by profession, with over 30 years’ experience in global mineral exploration, development and financing. In particular, Mr. George has a long history in South America, having managed, assessed, and financed projects and companies in a range of countries across the continent. Currently Brad is focused on managing gold and base metals exploration projects in West Africa, and therefore offers broad and specialized skills in mineral exploration across the developing world.
In addition, Mr. George spent several years as a rated mining analyst in London, focusing on AIM listed miners and thus has a sound understanding of capital markets and financial management of exploration, feasibility and development programs.
Mr. George is resident in Perth, Western Australia, is a member of the Australian Institute of Geoscientists, and is a JORC Competent Person for the reporting of mineral exploration results.
Ignacio Salazar, CEO of Orosur, commented:
“We are very pleased to announce the appointment of Brad to the Orosur Board and we are excited that he has chosen to join us, as we advance the Anzá Project in Colombia with Newmont and complete the process in Uruguay whilst progressing other opportunities in South America. Brad has a proven track record of mining excellence in technical, capital markets and general management areas. Brad’s significant experience in gold exploration and development will be of great benefit. We now look forward to working with him as we continue to advance the growth plans of the Company.”
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (“MAR”). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Ryan Cohen, VP Corporate Development of the Company (responsible for arranging release of this announcement on behalf of the Company) on: +1 (778) 373-0100.
According to our Ceo in last AGM meeting, that's not a concern as so much of drilling in the same regions has gone in for years, incl ours to produce the figures we've presented before we sold this contract to NM. It is purely, NM-Goldcorp merger and their inexperience in Colombia to approve the Anza project is the crucial hurdle we're waiting on to clear.
Hope, the Chinese takeover of CG (which also had NM interest) along with the Corona crisis is enough for them to accelerate their gears up.
Ahhh..that's very positive of you to say that!! Rinse and repeat is nothing new year. It's been going on for months now without Anza project approval and Directors interests for any share purchase. Something, I hoped to get to the bottom of it.
No news means, MMs have to play to get some interest to earn their living. And sadly, we are at mercy of this external forces and reduced to this levels.
Hope, not for long, particularly in given times for months ahead. Let's see, if it breaks 2p range, my instinct is, it would to favour some people we're not aware of. News of approval is the only key I'm waiting for to top up lot more.
Agree Bhargav...being a gold play the sp should be moving up, not be at the lowest pretty much ever...very poor performance form OMI board regarding creating shareholder value. However now with Ignacio and another board member going, hopefully things will start to move forward soon. But at these price levels, OMI has to be a screaming buy...just have to wait for some positive drilling news to get things moving now. The market will re value OMI then imo.
We live in times of unprecedented uncertainty, and everywhere I look, GOLD is screaming the headlines through this Covid crisis which may lead to domino effect from physical lockdown, to economy lockdown to financial lockdown. These days we should be, on the contrary in booming demand...it is never a good idea to predict bottoms, many thought the same at 9p, 6p, 5.4p, 3p.
I hope the tide to turn soon. But, what we have reduced to is just unacceptable.
Just checked NEX. now called Aquis and saw that 606k sell....makes the sp recovery even better i guess from that sell. Has to be someone selling at a loss. The wait here has been very tortuous but i guess we are closer to a result than ever. 1.5 to 2p seems a good point to buy whilst we wait for further developments in time. I previously thought the 3p mark approx was the lowest it could go to so the present price is just unbelievable
Yep, large trades are showing on Nex. I wish I got in here at a much lower sp.. although I'm not sure we've reached the bottom yet. I thought 3p was the bottom a few months ago. Will continue to hold/wait until we receive the right news.
Very quiet on here nowadays....drop early on and good recovery...wonder if the early 100k sells were stop losses....buys outweighing sells now...seems we are in a lull until we get some more news...was stuck in GGP as all looked bad a couple of years ago so sold out out at around 1p....should have had more patience with hindsight...will stick here as the Anza area is very promising...won't make the same mistake as i did with GGP...at some point this will come good so good to build up a holding at these very low levels as it will come good eventually imo. May take a few months so expecting the sp to do not a lot till then except tread water at these very low levels
I’m considering starting a collection for our current CEO Ignacio for recognition on the work he has carried out over the last few years and his patience in answering the constant emails from Bhargav :)