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I noticed the toad popped up too. No doubt trying to save us from ourselves. A lot of us are putting Tuesday in our diaries I think. I say it before someone gets in there. WOULDNT WANT TO BE OUT OF THIS ONE OVER THE WEEKEND.
I agree Imp, I’ve no doubts it’ll be here within a week or so. To be fair the previous RNS before the last one, they said they were just aiming for end April. ‘Thereafter, the Company is planning to recommence drilling at Pepas and commence further exploration in other areas of the Project.’ The other areas of the project, that’s what I’m eager to see after hearing about the sampling from the south and beyond.
I see the infamous toad is back with more sin, he's desperately hard to get back in, 6 p mate 4 starters, imbecile .
Not donkeys, but ponies.
I wouldn't worry too much about it. We are still in May and not at the end of May. Furthermore, the whole OMI team is in Columbia, seemingly preparing the drill programme. If anything was wrong, they wouldn't be tweeting in the way they are, especially riding on donkeys, or talking about drilling contractors. It's all pointing to resolution of the deal and the drilling programme to me. More a case of exactly when, not if. If we don't get an update by 10 June latest, I might begin to wonder. All imo and GLA
Costs, lawyers, majors paying… All irrelevant to me, they said by end of May in the last RNS which is already a month later than the original one said. More delays now are unacceptable.
Those Colombian lawyers may be charging by the hour. The sooner this is over and done with, the better.
The price is neither here or there at the moment. I'm just pleased we are holding at this level. Possibly see some movement tomorrow going into the Bank Holiday as you could easily get caught out on a Tuesday RNS. I'm fully stocked a couple of months back as its the second time round for me. Its now a big hold. Lets hope the Bod has got it in the bag.
I'm not buying or selling today, and SP is in RED for now, Aquis is leaning (often incorrectly) for 4p as it stands, whatever one makes out of it.
The price today may not be the same as tomorrow. What are we talking about the price of today’s SP for. If your confident the price will go up when the rns comes then stay in, if not sell out. There is no point in worrying about a few percent here nor there.
We are all just waiting and nothing any of us can do. Over to you Brad
Just got another small amount of 25k @ 4.76 to take my holding to a round number, bit OCD but it looks nicer when it's a round number. I'm done now, will just sit tight and be patient.
Just judging by my the dummy trades i've been doing. The buys are in the 4.70s or 4.80p on the joke amounts. Sells are 4.51-4.56 dependent on the size of the trade. That was the same around the time of the buys down as sells aswell... Nor am I here to convince anyone, just stating facts of the price of trades i've tested.
All buys?? And yet we're in Red??? Lol.
Anyway, Its not my business to convince anyone.
Ambitious Aquis is trying for 4p....but it oftens reverses quick.
Hope BoD isn't cooking on sensible gas.
Come on buyers, cheap as chips
A few 100k trades today, i reckon the early ones are buys as I did a few dummy sells around that time and it was around 4.56p. Can sell upto 800k currently at 4.51p so they're happy to take them. I wouldn't be surprised to see the MMs run this down abit to accumulate knowing that news is close.
I'm sure we will get an update by the end of the first week in June at latest. OMI are savvy enough to keep feeding us with tweets in the meantime to indicate that things are progressing.
We are in a non-contractual period whereby MMA have agreed to pay for minimal run costs until the exit is finalised. You are correct Karl, this would not extend to new drilling. If OMI is ready to start drilling immediately then they should do the exit deal asap as the market does not like overhang of old agreements. Lets exit asap and hopefully prospective new JV partners are already knocking at the door, and why wouldn't they be with gold at all time highs.
Good point Break.In that case, it is in omi's interest to delay the signing as long as feasibly possible. Once they start actual drilling though they will need to sign over i would have thought
I guess MMA paid for the donkeys as part of the sale agreement, while their execs get to travel by heli :)
Impec, until pen is put to paper on the purchase of MMA, they continue to paying for all Anza costs ( licence and camp costs). We have a high cash burnrate as it is with directors salaries plus costs into other projects. My fear was that, once the MMA sale is signed-off that we need to move very quickly to progress Pepas in preparation for another raise or JV before OMI burn-out of cash. Given the various tweets/pics of activity onsite my fears are alleviated somewhat.
My point being the higher costs for Anza camp/personel do not kick in until after MMA exit/sale agreement signing.
Let’s all keep positive we know the news is coming. Filter any toads that try to dishearten us. We are all here for increase in SP.
We all know, for K-Syndrome kid...life is a joke!
I agree impec this time round Brad needs to prove himself otherwise all second chances given to him would be lost. Let’s see if he can still to the time line he has told us.
Hi, Karl
I don't agree with you on this, because another delay will cost us money. Holding the licences is expensive (twenty times as much as in Argentina, according to Brad); and we have an unknown number of personnel on site, who would then be doing nothing for the duration of the delay.
There's also the reputational factor to consider; another delay might not be Brad's fault, but it looks bad, and brings back memories of all the previous delays we have suffered.
Lets not get too hung up about end May. If it rolls into june so be it. omi are not good with timelines. Whats another month lol after waiting so long.