George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I can somewhat resonate my view with KA and have bit similar pattern I think. Bought in here at first 11.25p, became a laughing stock for long time :)
Cheapest top up to cost average was at 2p, brought my ave down to 5.75p and now consistently topping up, though my cost average is exponentially climbing up, currently at 12.15p. My most expensive entry here so far is at 40.75p a couple of weeks ago.
I think AAZ is his learning institute and GGP is mine.
And all this will look lot cheap in months to come I believe.
AIMO and experience of course.
Best wishes to all would be traders/ sellers or investors/ buyers whatever is your prerogative.
Best equipment and expertise in the business. We won’t be placing and dangling the carrot to fund new drills as the usual suspect companies do and diluting your company whilst bucket shop make coin. Dangling the JV carrot dream and putting out ramparhon interviews to get placings away. Everything is covered by the best in the business and at no cost to OMI. Next cash payment to OMI should be delivered this week guys. There are gold stocks and there are gold stocks fully funded with actual discoveries the prior is the pump and dump and no safe haven, the latter is the investment case ie OMI with its world top 2% gold discovery as stated by CEO Brad George and the proof is in the pudding with the worlds No1 & No8 gold producers Newmont and Agnico fully funding and committed to the cause.
Buy and sit on your hands and enjoy the show don’t get suckered into the rainbow chasing traders hype as your stand a chance of calling it wrong. IMHO GLA
The fruit on the trees is far from ripe. I bought in at various levels from a touch below 4p right up to the early 40's with another £10k. If you think you have missed the boat - go educate yourself.
I suspect they will complete in the region of 250k metres of drill core sampling +or- a few thousand metres underground sampling prior to a final feasibility document. There will be "proven" g/t's along with "probable" g/t's which will be well educated forecasts as is the norm in this game. What we want is a minimum 8 g/t's+ and the nearer to the ground surface the better for maximum profits per oz vs extraction costs.
What I hope we get is 20+ g/t's average proven sampling at 1 million tonnes, which = a big green light with GO GO GO. You then have a probable extra on top of that which could be another 3-4 times as much as the proven sampling with slightly lower grades per tonne. In any case, the infra is getting constructed at warp speed in that scenario because right now, with everything that's going on in the world, gold will be in high demand and these guys won't want to hang around at the current gold prices. They have deep enough pockets to pull off the fastest feasibility to production time in history fuelled by the current and future price of gold.
From my 2.5 years research on Anza, and 4 years getting clued up on mining since jumping on the AAZ wave in 2016. You'd be the biggest elephant in the room to sell this share off now and an even bigger baboon to think this ship has sailed.
Anything written over a couple of paragraphs by me is generally well researched, well understood and fuelled by just a little Seadog Gin ;-)
Don't be surprised if just after say 30-50000 metres of decent drilling samples that this hits 60p+. This is no pie in the sky once that happens.
Gold Survey of Anza lit up like a Christmas tree it was reported.
Not looked at these grades for a while.
Any new investors should take a look.
Also note the silver grades.
Page 7 and 8 here for Anza gold grades.
https://www.orosur.ca/files/FINAL-June-2020-Corp-Presentation-25_june_2020.pdf
Very fair point NG, although for balance it’s not so much about the meters drilled it’s about the results for the meters drilled. So the real question here is with 24k meters drilled at Havieron we’re the results better, worse or the same, and as you say - what was the market cap. Let me have a look this afternoon.
I’ll see
Newanda plus note Newmont / Agnico are starting from a more advanced position with 24 thousand metres already drilled confirming Anza is a new gold discovery classed in the top 2% worldwide as per CEO statement which was not the case for Newcrest \ GGP at Haverion.
So what cap was GGP at the point Newcrest had drilled 24 thousand metres?
FWIW:
https://www.asktraders.com/analysis/orosur-mining-shares-surged-27-9-today-heres-why/
Sorry MEM - my point being GGP had some decent results and a Mcap of £67
OMI is sat at £47 for arguably being at an equivalent stage in development with a decent set of results under our belt. So maybe there’s another £20-30m to add on to even it up. Which is clearly not to be sniffed at as would take share price to ~42-45p
MEM: possibly, but remember GGP had found "results for the first hole of the current drilling campaign (HAD005), reported on 19 November 2018, returned a combined intercept of 275m at 4.77g/t gold and 0.61% copper, including an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m." which aren't too shabby and what peaked Newcrest interest....
Rob1967: I hope so
Plus, from what I've heard is Agnico is good at News release, so anticipate it more frequent then quarterly, particularly if we see first good results and increase of multiple rigs which is I think the sole aim of bringing Agnico into the equation after NEM have
lost first two crucial years in dealing with other priorities.
Also, in march 20, Gervaise bought shares at 2.77p which has seen 10 fold rise in 6 months. We may or may not see
similar incidence here, but I'm very optimistic.
All ducks are lining up nicely for a "Box office" block buster success imo...to say the least.
The two points below imo will move this along a lot quicker than ggp.
Newanda, great summary.
Two other points which imo will come in to play.
Free float is tiny and getting smaller.
Plenty of investors will be looking for the next ggp.
Agreed, but I think we are starting off with our historical results not really priced in, once the first results arrive, independantly derived, then I think we will catapult, side stepping some of GGP's slower progress, go from step one to step 3 or 4.
Therefore my respectful suggestion is a much quicker M/Cap climb.
When La Cejita results start to arrive, proving up a massive field, then expect the SP to rise massively.
Any additional Rigs, expedited drilling, bigger Budget, all very good signs.
Buy now and just wait for this to takeoff, all during a perfect storm for Gold prices.
Price catalysts:
1) Confirmation of Newmont payment of outstanding money
2) Exploration start date and plan
3) first results from drilling - if good expect significant kick up in share price
4) Once drilling is underway we can possibly expect a continuous flow of results, although Newcrest release drilling results quarterly for Havieron so Newmont may do the same.
5) other catalysts will be the confirmation of gold at the other sites, Jesuitas, La Cejita (which looks huge) etc.
It's worth looking at how the share price for GGP unfolded as an interesting analogue.
22nd May 2019 the share price was 1.68p and the Mcap was £64m and this is the date Newcrest announced the start of their drilling at Havieron.
25th July first Newcrest Havieron results with good results (52m @ 7.0 g/t ) share price hit 2.03 and Mcap hit £78m
Multiple drilling results and then regularly announced, Newcrest commence stage 2 - share price in range of £65 - £80m through period.
Then towards the end of January the share price started to take off, with the first catalyst being the inclusion of Havieron results in Newcrest quarterly exploration report (and this is where having majors releasing news helps)
Jan 30th: share price 3.49p and £134m. By Feb 11th share price 5.35p and Mcap £205m
And then the rest is history as more positive results hit quarter after quarter and the resource started to shape up.
So from drilling commencing and a £64m Mcap in May, to £205m Mcap by 11th Feb = 8.5 months.
We are currently sat at the point at which drilling is about to commence - so the OMI equivalent of GGP's May point. The rise in the share price will be determined by the speed of exploration, how many rigs etc. Newcrest had 6 rigs I think.
But IF we drill quickly AND we get consistently good drilling results AND we get continued commitment from our partners in 8 months time we could very easily be sat at £200m market cap, or £1.25 share price.
Dr, that’s why we are here..
Fat wallet soon Rob also.
Hopefully...lol.
Sorry bhargav, fat fingers.
Enjoy the golf :-))
Rob- it's bhargav and not bharagav...and no...i'm not on whisky as yet..just playing golf with my dogs!
bharagav, you still on the Whiskey, 60p in two years ?
WayneJ,
I've deliberately being conservative at this point for the ones who thinks they've missed the boat?
I'm trying to emphasis that even a 50% rise a year for the next 2yrs is not bad return.
I never broadcasted 20p when we were sitting on 4-5p, otherwise that would have seen as ridiculous or a ramp.
But I AGREE with you, I anticipate atleast 5-10 folds more from this levels, particularly, if we start getting good grade results or bigger finds.
I hope you understand where I'm coming from?
No offence intended in saying this, but if you ain’t seeing the value and potential in OMI then the chance of finding the next potential GGP / NCYT doesn’t look too promising from my point of view. By Christmas we should be substantially higher than where we are now.
Bhargav, your informative posts were partly responsible for my investment here but I have to say minimum 60p in the next 2 years is very, very conservative. Can see us hitting this level by end of November at the latest. Once drilling restarts providing updates are regular which I feel they will be, this could rerate substantially before end of the year.