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Buritica 11m oz is Anza’s little brother which is why Newmont sold its stake there to concentrate on Anza which is big enough to share with another leading major Agnico who just happens to know the middle cauca belt.
Prolific middle cauca belt as stated by Royal road who own 7 gold projects surrounding Anza where Agnico have now increased their stake from 9.43% to 19.9% after which they then went on to do the 50/50 deal with Newmont at Anza.
Read between the lines we are investing in a 50/50 JV of two world leading gold producers cheaply through OMI who will not be diluted and are receiving cash payments from the two majors.
A quarter of fully funded Anza is free for OMI with no expense to you or I.
Expecting the mms are collecting all the loose leaves they can to fill instis orders so I’m in for the ride in all directions along with Newmont and Agnico.
Buy the dips if you can.
OMI a different class
Fully funded by 2 leading majors no placing no dilution free carried and cash payments to boot.
Dream deal safety net here and standby for the next cash payment to OMI and advanced drilling news it is about to begin.
Majors are hungry for Anza and OMI is sitting pretty. Daily movements are penny pinching rainbow chasers dilly dallying about being pulled from pillow to post and taking their eye off the ball of the real deal all other stock holders dream of.
The problem with slicing is when do you do it, at 10p, 15p, 20p, 20p, 30p? If you'd done that you'd be out of the money. Also OMI is relatively illiquid and is often very hard to buy back. If you only have a small holding you might get away with it, but for anyone with lots of shares you're taking a real gamble. From a fundamental perspective OMI looks such a good investment I don't want to lose any of my shares. Why risk it for a few percent when the upside is so huge already? ATB
Cancelled
Google price dropped to 24p for a second.......my heart has settled back to normal
24p???
Did that just happen wth
And still NT !
Scale in scale in. Newmont hold 18.23%
No placing no dilution to your holdings complements of majors.
Aim would not be Aim without these movements, it's a day traders paradise, happens at times with every single share. Fundamentals have not changed, just short term trading and stake building, less experienced PI's losing their chance of being in something big to fear and inpatients, while the pro's build their position.
Second support did the trick. Too much value not to hold
And that fund is mainly to prepare to re-log and prepare the advanced drilling plan...in other words, get other sites ready to roar before the 3 which are ready for long near the Agnico's current operations and they've visited several times to kick off the project from the DAY1 with the multiple rigs drilling the pre-determined high grade Gold targets....in other words, this fund is predominantly to prepare this and the next stop forward...Hence, AGNICO,...for the fast track result.
Anyone, who thinks the result could be indifferent needs visit a brain surgeon in my opinion after two MASTERS of the game, had their due diligence and agreed to pace the project.....
I've done a lot of roof top announcements for months..........and happy to discuss this again on the same thread with my
neck on the block and hard money on the thin line.. :)
DYOR
GLA.
Think he’s sin binned...
Been NT for the last 10 mins...ridiculous
It is pretty obvious this was going to have a huge pullback and personally I think with this share you would of been stupid not to top slice, it was all getting too much for me glad I did got a lot smaller holding and can buy back more when the drop is over aim is so predictable.
It is funny we haven’t seen degsy for a while was enjoying his comments.
should be a shake on TSX too
If you stick to fundamental value - shakers by MMs won't shake.
Has been demonstrated time and again on AIMS, and again here
Initial funding of approximately $650k was received by Minera Anzá on October 2, 2020 from Agnico to restart the exploration program. This funding is to be directed solely to fund exploration on the Anzá Project for the 12 month period starting September 7, 2020 and is the first contribution of the required US$4m of expenditure for this 12 month period per the terms of the Exploration Agreement.
Columbo are you Degsy in disguise ?
Too much value not to be taking advantage of shaken loose leaves. Fill those OMI bags as Newmont has with 18.23% major holding.
Mms robbed many today sad to see :(
I’ve added more and more
Reminds me of ggp part 2 will be over 50p by end of this week
219g/t and 176g/t
Grades outshine 11m oz Buritica
Ah so this is why the majors are paying 100% and free carrying Omi plus cash payments. Boom p7
https://www.orosur.ca/files/FINAL-June-2020-Corp-Presentation-25_june_2020.pdf
Check Anza massive gold grades here Page 7
https://www.orosur.ca/files/FINAL-June-2020-Corp-Presentation-25_june_2020.pdf