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Agree, Gold and Gold shares have potential to grow in current to further 2 years or so the way Covid have impacted the economy to this date.
Look at GGP, it's unstoppable...on a few good drill results...
Newmont entered at 5.40p and have spend lot more, so there break even is lot more.
Newmont to spend 'minimum' 4m USD this year...clock has started.
Enjoy the potential climb over 2 yrs, I won't speculate the SP at this stage...as it could shoot up ridiculously high from this level...
Watch the space.
GL.
Omi tsx has a good day yesterday. Onwards and upwards hopefully.
I can’t believe it’s only sat 1p over what newmont bought in for, crazy and they have to spend $4 million a year now. We still got Brexit to look forward too yet golds going a lot higher in my opinion.
Webbs- Glad to see big buys are coming in, £20k approx is huge one I've seen after a while and closing £3k on the Nex.
Trend is set, and it is UP as expected. MMs are controlling it well to see it is gradually moves up in trend and wise fully avoid any frantic parabolic rise over a spread in weeks rather days.
I believe this will continue to march on like this....before the BIG push we've all been been waiting for long.
And soon :)
GL.
Oldandwiser:
I've raised the same concern/ query earlier at the AGM'19, and in May'20 via email to our ex-Ceo:
And what he said was:
"We have a permitting strategy. Meaning, these issues can be and are actively managed by the team. We believe permitting is going according to plan and as soon as we have some material news, we will report that. Anyway, I take the point and will ask the team to expand more in the quarterly reports on these matters. "
His counter question in principle was also:
"Do you think- Newmont is so unprofessional that they didn’t do any Due diligence on the status of the permits and the environmental elements beforehand? "
Recent RNS on 3rd Sept 2020 confirmed- in which our current Ceo reiterates the importance of NEWMONT with us in his closing remark:
Brad George, CEO of Orosur, commented:
“We have long valued Newmont as both partner and major shareholder, and we are delighted
with their decision to continue to work with us on the Anzá Project”
So, as a genuine INVESTOR here with over 1 Million shares in my portfolio, I do understand your concern.
Hope it helps.
And as someone said earlier on this BB: I also leave it up to YOU to draw your own conclusions.
Good luck to you for whatever you think of it and decide to do or not with it.
"
Newmont are committed and funding the way. I back this aspect for OMI free carry.
Olderandwiser:
Re: Forest protection order. Click on AGEOS to access historic posts; scroll down to bottom of page one. Click on page 3 and scroll down to 26 May 2020 13.48 for details of the TDF order as at that date, including the official published sources. Related permitting issues are detailed in other posts, as are assessments of the Au potential of APTA and ANZA on page 8.
I leave you to draw your own conclusions.
And the gold grades Gazump those of GGP.
Newmont already operate in the area.
Is there any truth to the forest protection order issue, preventing drilling by Newmont? What is the current environmental/permitting situation?
Webbs- I won't seek for any dips to add more any at this stage, as we all know the Sp has been suppressed for 2 years and it is now poised to bounce back beyond 13p. These are last days in 6s and on any day we're to consolidate well over due range here. 15p would be just a base level for reversal period coming, imo.
Looking too buy more on any drops. This should be higher then this really with newmont paying up. Please keep this share on the download degsy don’t want the price spiking before I am fully locked and loaded.