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Bhargav, the share price, or the buyers and sellers who make it, has been behaving pretty rationally imho. None of us know how good or bad the news on drilling will be but we know it was promised for Easter just before it, but now three weeks later Peru delays are putting it off. First it is not great that Brad promises and then doesn't deliver, as the situation in Peru was clear before Easter, second Covid is getting even worse in Peru which will probably delay results longer, thirdly why should hot money hang around waiting, so with no crystal ball and a wait rationally more people sell. I am hanging on only because my buying price is a fair bit lower, which is probably silly. Of course I may be confounded by some imminent brilliant drilling figures, I do hope so, but I don't and never have really trusted what the board tell us ever since Salazar pulled the wool over my eyes on rising costs, so my metrics said profits were arriving when they didn't. Oh so hoping you are right Bhargav but a pure gamble tiny for Newmont Agnico, big for us
Yes Bhargav.
Perhaps you are also now on the way to another 100 bagger, as am I
still holding. :-)
WEBBS - What bhargav said - Ha Ha you loser ; )
AEM/NEM liked what they saw and gave a green signal to expand the drill plan of Apta from 2400 mts to 10,000 mts which is proactively moving on without delay...that's adding an average of 2000 mts worth of drilling work a month
Plus, collecting samples lease wide (suggests forward thinking action plan is parallel work in process ), only last of application grant is remained and procedure of it as strategically planned since last is in place...
Assay of 3 drilled holes from last of 2400mts (completed and submitted on time before end of Feb'21).
This suggests, by now, the back log of further assays drilled for initial 7k plan could be worth 3000 mts of 3 rigs and 500 mts of 4th rig which went in action in Mid march...so, approx, 3500 mts.
Subject to the delay and how the lab is clearing this back log....plenty of news is pending for sure and it could come out like 'London bus'...you wait for one over 30 mins...and you get 3 in a row the next minute!
SP has seen, rather months in waiting and huge correction...further downfall of this magnitude is highly unlikely.
On the contrary, any news may propel any day and the odds of intense bounce back is highly likely...imo.
AEM/ NEM are pouring millions and for months without shying away to maintain their 'earn-in rights intact'!
Yes, Sp can behave irrational for months and I've seen it at number of places, like GGP (seen my first ever 100 fold return in entire career)...........50p, barely 100mcap, would be still cheap as chips and I'll continue to add a few till that level and more.
under 20p is not even break even for NEM...........bargain base for any.
GLA.
Lol yeah I bet the lth portfolio looks amazing right now lol
It's covid preventing news and this is happening across the industry so it's not OMIs fault.
Traders keep trading and have fun, but it will be us long term holders that will have the last laugh.
It's only a matter of time before Newmont puts it's hand in it's pocket and when it does..........
: )
doubtful
*They aren’t saying
They aren’t seeing assays will be in June, they’re saying delays will (should) be reduced next quarter. Until then I expect they will continue to work through what they have in their delayed condition, and maybe we will get our results soon. The traders have sold up, so I think most of those still here have pretty sticky hands which should limit any fall.
June this will be back to 5.5p at this rate if nothing till then.
They also say apart from APTA drilling work has commenced on regional mapping and sampling across the wider lease holding.
Large program of BLEG sampling has started too
They just tweeted this
"Orosur Mining
@OrosurMining
·
54s
A considerable volume of samples remains at the laboratory of ALS in Peru, which has experienced substantial delays in turnaround times due to Covid related staff shortages. it is anticipated that assay delays will be reduced in the next quarter.
#OMI #Orosur #Gold #mining"
Just to add, I think we could get a bunch of results together sometime in June. In the scheme of things, its not too long to wait imho.
I think the best thing we can do is let them get on with the drilling. I'd rather wait for the results rather than push them to release incomplete assays too soon. Who knows, they could be drilling in Charrascala or Guimarala but don't want to make a big song and dance about it. All we know they added an additional rig and expanded the drilling by a further 7,000m.
Thats good enough for me.
You couldn't sell even if you wanted to
Everyone so desperate for results as they know this will keep dropping everyday. Best hope they are outstanding not like last time.
Hi Chicken legs, what makes you feel map 80 was never part of the drilling schedule?
I do not sell because I have held nearly 20 years, I am not a trader, and FOMO, if results are good, however I am worried after last lot if they are bad.
I don't see why you fear this set of results Sotolo. Pretty clearly defined via previous drilling what to target. Although the price dropped considerably and lost momentum it was still enough to bring in the extra drill. Now ask yourself why this was done if the results were so poor? Newmont and Agnico to me have seen something that merits this introduction and something that's enough for them to accelerate the drilling program and gain a better understanding of what they are dealing with. I might be wrong but I don't think mmap 80 was ever part of the schedule. Obviously I am just speculating as to what made them decide to bring the extra drill in. Until we get confirmation from the lab what we have I think all we can do is speculate and make educated guesses as to why that was.
Optimism Sotolo, I like it! If you are dreading the results so much why not liquidate you holding until afterwards?
the next RNS could be anytime but I am not exactly looking forward to it when the lats one resulted in the shares halving, lets just hope the next one is better!
Surely can’t be far away now, I expected last week to be honest.
agreed cant be too much longer....I've added another 70k today
Around easter is what Brad said, we're well past that so really any time imo...maybe a week...then again most of my time predictions have been wrong sadly. Either way it has been quite a while since the last results so even with covid delays, can't be much longer imo. Low volume and not many posts today and a couple filtered posts in green...and i guess i know who that is.
Good Afternoon All What’s people’s thoughts on when we could expect the results RNS obviously we have delays in the Lab but do we feel they could be imminent or a month away just like to hear people’s thoughts on it cheers Gla