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It's all down the the less inspiring and less confident bod's who have failed to increase the share price (apart from the pump n dump) which has been on a downward spiral for over a year and this was before any negative news hitting the market
Impeco, You are a teacher and got caught on AIM where
PRO traders gain and dreamers go down the drain. Typical
and unacceptable.
Hi, Mamba
Thanks for posting this email. It makes a lot of sense.
Best wishes
Mamba-
Brad has further confirmed today:
"The terms of the JV give our partners the right of editorial oversight on our announcements which is why they are so bloody uninformative. We want to say everything but they want to say nothing- and as its their money, generally they win"
I see, please ask him, is that reason why all four directors owns very little here?
At this rate, our volume this morning is competing with our primary peers of TSXV.
Gl.
We haven’t heard from Argus for a while. Not many buys so far this morning.
I do feel the sp has been battered down to hell and with so much negativity and 'blood on the floor', this is actually the time to buy/top up. The sp can quickly move back up in a big way as we previouly used to see here in the early days. That time is virtually here again imo. Phase 2 so close now
Yes Dr apart from the obvious they've been mapping extensively the region and have now sent geologists down to the south so focus will remain on the north for the time being drill wise I'd imagine before moving to the south afterwards. We are in phase 1 which is basically out with the drills at Apta a fact finding phase and drawing a picture of the greater land area. If the majors activate phase 2 which I believe they will, then we will see the drills pick up (clearly they'll be at 51pc holding) which in itself should indicate they like what they are finding. Its kind of funny that when we are on the cusp of an interesting phase which promises to be what everybody invested originally for, holders sentiment is in the bin with what seems like most looking for an exit. Funny world. I'm excited personally :)
Coolmax-
That's is good question. Bod certainly needs to do lot more to attract buyers and win confidence of current and would be investors. Today's interest shows what we are reduced to in current times.
What Brad said to Mamba he’s said numerous times in other interviews… Take it you haven’t watched them. I’ve had plenty of email correspondence with it’s the very least he should be doing, I’m shocked others haven’t email him who having been crying there woes on here. Nice slide show, plenty of positives and RNSed again today. Are the tides finally about to turn? Once the JV partners actually own part of Anza, currently it is 100% owned by OMI, that’s when the drill phase will start, makes sense then they should spend proper money.
Indeed bhargav as you indicated previously, it would seem July to September will be more positive for us as regards newsflow and i do anticipate some good drilling results in July. Phase 2 is where we will rerally benefit imo. So despite all the negativity in the sp and lack of news over the previous many months, there should be a fundamental change that will be good for us shareholders. And yes directors buying a significant amount of shares would be a strong sign of support and with a dirt cheap price it makes big sense for Brad and the other directors.
Anybody that actually knows anything about Anza and the dynamics with orosur and majors would know that Apta was only drilled as it was the easiest and safest to do through covid. I actually think they have went further there than was ever planned there. Much has been made about the news flow and what we as orosur shareholders are getting wind of. Previous RNS' have stated that it runs deep and that and supports the thesis of high sulphides epithermal deposit and they are finding evidence of this in the north. It's difficult to explore and can often lead to companies barking up the wrong tree and spending vast amounts of money. These type of deposits are predominantly occur in younger poorly eroded magmatic arcs (e.g., Andes of South America). Most high sulphidation systems are characterised by gold grades in the 1-3.5 g/t range, some display remarkably higher gold grades and usually higher copper grades deeper (sound familiar with Apta? Field mapping of alteration mineralogies and alteration zones is critical. Similarly, early field recognition of rock textures and identification of fluid plumbing systems may vector towards higher grade ores, careful mapping of breccias can be of critical importance in targeting drill testing. What do you think these boys have been doing?
Vicjain- It seems, they will now relax some tight control as they get their bite on 51%, compare to 0%, in phase 2.
Early signs of that is, next assay results are due in Sept, yet our Bod has confirmed to announce some of it in July. We will have to wait and see.
Now that the price sensitive is out in public domain. I would like to see hefty Directors purchase to contribute their vote of confidence on what's going to come in coming weeks and months (drill phase)!
Where's all the buyers?
Thanks for the update Mambamentality....i think since Newmont/Agnico took over with the drilling etc, newsflow has been very limited and i guess this is why Brad has been very limited as to what he can say. That said Newmont/Agnico are clearly here for a massive payday. They want ultimate control of news flow and clearly know what they have here. With drilling news in July, i sense big positive news very soon. The sp has been battered down due to uncertainty and lack of solid project news. That is due to change to our benefit over the coming weeks/months
Mambamentality just because you post a lot doesn’t mean you have more integrity. From my experience on these boards it is the opposite
If Brad had not clarified the situation we would have many people saying that APTA was out of the picture. which would have caused a big drop of share price without a real reason. I see that Beanfield only has one previous post here and one in EUA and he is questioning my integrity.
Gare- I disagree, he should spend time to reply and at times needs to speak to some investors (which you dubbed as posters) as much as he has to focus on the job.
Some of the "Posters" here represents over 80% on investors camp!
Only.
Beanfield. Not only Brad replied to my email but I actually wrote to him at 6:11 am and he replied at 6:45 am. I guess that says a lot about Brad. I never spoke to him but he always replied to all my emails.
When I saw the slides this morning I knew it meant no drilling to resource at this time as Brad had in previous emails confirmed that was the case. I also knew that during the presentation they could not make any material information known. Dropping APTA clearly required an RNS. But, I also saw in the chat that there was uncertainty as to the meaning which clearly could have been used to drop the share price.
Brad has further confirmed today:
"The terms of the JV give our partners the right of editorial oversight on our announcements which is why they are so bloody uninformative. We want to say everything but they want to say nothing- and as its their money, generally they win"
bhargav You have given more concern that the CEO continues to waste his time emailing and calling full time posters of this board. Perhaps he should focus on getting the job done
Beanfield-
I disagree, as much as I've my reservations (disagreement) against him. He does find time to reply, often for selective questions.
I had one hour phone call conversation with him, for what was supposed to last for 10 mins.
So, you better try email him first and check.
I believe, it's genuine reply from Brad to Mamba. And I've no doubts on that.
What a load of BS. I don’t even believe Brad wasted his time to explain this obvious drivel
Without context
Nice email for clarification which there was no doubt. People often get caught up in the daily grind of share price performance but there were plenty positives in that slideshow, some of it harder to understand with context. A few highlights "evidence of carbonate veins in North" tickled my fancy. If you look at the rock samples there is an nice pocket of over 1.5g/t of gold samples at Pepas. Looks like homework has been done there. Guess where they have been drilling since at least mid April with shorter rigs, where which the deeper rig joined in May sometime..Pepas. As stated it's taken this project 10 years to get a drill other than Apta. We should be excited as investors if phase 2 is actioned. This has been dubbed as the "drill phase". On a side note expect a Brazil RNS shortly as exploration is a out to start/ stream sampling July.
That's what myself and Chicken have briefly summed up before.
The best part of the presentation is Phase 2 is drilling phase. With Apta proven and barely scratched the surface, other areas may produce interesting results and it seems that newsflow negotiation is agreed to be at the pace to suit junior explorer ( our audience) as we progress into July onwards.
Positive signs imo.
Lets see.
I receive an email from Brad George clarifying the slide which I reproduce:
"The dangers of not having the context. It important you understand how big companies think and what the word “resource” means.
“Resource” is a controlled word in the mining space, and means that an ore body has been defined (tonnes and grade) to one of the international standards - JORC or 43-101 for example. It is simply a rubber stamp compliance issue that would allow us to publicly talk about the numbers, but it in general requires lots of drilling.
If it were just Orosur, and our money, and if APTA were all we had, we might have drilled it resource standard as a “resource” is the primary way that a junior company is valued. But its not our money and APTA is just the tip of the iceberg.
The likes of Agnico and Newmont have no interest in “Resource” conversion as they are valued differently by the market. Not only do they already have tens of millions of ounces in Resources, but as large, long lived producers, they are valued by the market on an earnings multiple basis. So for them, defining a resource at APTA is of no benefit.
Their interest is in knowing the size potential of the larger Anza project. They need to determine if the whole camp has the potential to host the +5 million ounces that companies of this size require. Only then, would they come back and do the Resource drilling. Moving a deposit to Resource status is necessary eventually, but its a slow, boring, laborious and expensive process. We and Agnico/Newmont have our own internal 3D models of APTA and as such we know what is there, but to make it compliant wth 43-101 and so to allow us to talk about it, would require millions of dollars of infill drilling. The majors feel this money and drill metres are best spent on making new discoveries rather than simply rubber stamping the discovery they already have.
This is absolutely the correct decision.
APTA hasn’t gone away, its just that converting it to a Resource is probably least value adding thing we could do when there are so many other exciting opportunities to be drilled".