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I have a large network of junior mining investors on twitter, built over many years, and none of them have heard of Orosur or Anza. Most days there are 0 trades on TSX Canada. The potential for this to explode from a mcap of £8m is like nothing I have seen before.
MMA spend $20m on Anza but jumped around from target to target without fully defining any resource estimate. They were looking to answer whether it is a 10m+ monster. However, Newmont also walked from Buritica which turned out to be over 10m oz so we cannot read too much into their exit. There is still a chance that Anza is a 10m+ beast and Newmont just decided to focus elsewhere as part of their strategy.
Even at 5m oz with 100% ownership that is a $500m valuation. Insane potential here but it will be a journey with necessary dilution to progress.
We now need a plan to move towards formal resource definition, drilling is all well and good, but it is the 43-101 and PEA that is sorely needed to wake the market up.
Newmont have walked away from several world class gold funds.The problem is funding.We need a JV
Aren't Newmont also going to walk away from Havieron?
I've never trusted Newmont. They walked away from Greatland Gold in January 2018, and then stabbed us in the back with the care and maintenance agreement.
Brad probably feels he has to keep on the right side of them, because they own 14% of the shares; but in my view, the sooner they leave the tent, the better. Preferably with Captain Oates' last words, "I am just going outside, I may be some time."
Orosur are getting Anza back after it has had in excess of $30m spent on it, they’ll have drill targets in numerous areas. I cannot wait until a rig is in the south for the first time ever. This area has high expectation. Brad spoke of a possibility in the terms Newmont being able to buy there way back in should Anza prove a monster. At the end of the day they’ll get royalties and a cash payment should Anza become a mine. And as others say, they also own around 15% of Orosur so they are far from fully walking away from the project.
Well if there are clauses that MMA can buy back in that will make a new JV problematic. We are giving them more than enough with the $15m plus 1.5% royalty.
Yep DrR nice 1 I like it, good informative posts as always, as a few others too, it would seem that the worm is turning in the right direction at long last, we shall see ofcourse, but it's been a hard slog over the last couple of years here but maybe just maybe it could well be payback time now, looking at the charts and some chunky buys and other date it would suggest we may well be on the right track again , fingers crossed, glad to be in now, next week should be fun,the week after even more unti we reach the promised land yehaaa have a good weekend and gla.
I added 79k today. That’s me done. I’m fully loaded ready for the inevitable rise. Abit risky buying before confirmation but that’s were the bigger gains are seen. I’ve done substantial buying mainly in the 2s, some in the 3s and smaller amounts in the 4s. A few bits I heard from the horses mouth have now come to fruition, if rest falls into place it should be a good year. Substantial director buys will 100% follow the Anza return. What price they may is another story but the delay RNS could have been intentional to make sure they ain’t paying a premium. I reckon they’ll be happy paying around here and upto 5-6p. Have a good bank holiday all.
Nice buy Dr. I took some more last Friday. For folks like us, we have just kept building our respective stacks at all price points over the last few years. The irony is we are at the same price as we were at this time last month, with arguably more chance of a positive RNS landing. If we follow the same pattern, which there is a good chance, I expect interest will start to heat up again shortly. Sense things have died down a bit but interest is slowly building, a few clever buys this week....I feel this wave could be stronger than last month's quite easily.
I agree that the next few weeks will see the anticipation and momentum build here. There, I've also added at these levels. It would have been rude not to. By the time we get drilling in Pepas, or see the results, gold will have finished consolidating and have commenced its next move up. So a perfect storm scenario hopefully for OMI holders.
DrR - am I right in thinking that you are often in email comms with BG?
Chicken yes same price as last month but also lower price than when Newmont bought its stake at 5p some 5 years ago or so. Also think that gold will hit towards 3,000 this year and double that in a few years time. Golds atm was 2,448 silver will blast through 30 dollars by year end.
All looking very good as predicted for gold. Some of the exploration companies valued at peanut prices but in 2011 1m or 2m resource was valued at between 50 to 100m per 1m ounces in some parts of the world, whereas currently lots of these now valued at 5dollars an ounce instead of 50 to 100. only a matter of time when thinks heat up goldies and silver companies will explode and thats why Seingred buying even though hes been very careful.
He knows theres good money to be made by spreading the risk.
We have all had a good opportunity to buy in cheap and other miners too.
Looks like derampers gone on holiday break atm but Im sure they will be back.
Where have all the neg heads gone,
I can't hear them,
Where have all the brhagarvs gone,
I can't see them,
Where have all the doomsayers gone,
far far away
far far away,
This time next month Rodney,
this time next month,
Yehaaa gla.
Yes, we are sailing towards the perfect storm, let’s hope Brad keeps us going in the right direction. Legalwolf, had a couple of phone calls, the most recent end of Feb and I do have regularish email contact with him and have done for years. Though I’d advise any substantial shareholder with an interest here to have contact with Brad, at the end of the day that’s what he’s there for.
Let’s not wind the negative posters up and let them move on. We do not need them reading posts and having an opportunity to bring the tone down for some cheap and pointless chat. Keeping it positive will bring the sp up and roll on 6p and above within a few weeks
John I don't think the SP will be influenced by a little bickering on a chat forum. If that is the case then we are Indeed in trouble. Many of these doomsayers are very fickle and jump on the mood elevator if what's fashionable at that moment. I'm confident that as we begin our journey to recovery then these posters will fall away only to return when we hit our next future set of obstacles.
Anza news could land anytime in May folks. Do we expect Pepas drilling will be covered in the same RNS?
From what I know Wolf yes. I think things are more or less in place to commence drilling so the RNS should reflect that.
Yep let’s all say boooom in unison that should do the trick lol £1 by chrimbo again.
Akri, dunno but clearly a few ./.heads about.
Brad likes a Tuesday rns 😂😂. Maybe tomorrow.
Gold on the rise again
Looking very tasty right now, finger licking good as chicken might say, all the ducks lining up to up nicely, wolfy as positive as ever(but realistically so) beging to sound like animal farm but who cares as this does look like the real deal now, just need that rns to land to confirm 100% ownership back to omi, as I think there are many waiting to buy more, only problem is that when it lands we may have to pay a lot more, this is why peeps have started add in early, as they say the early bird catches the worm, just ask Dr R he'll tell you, hope you had a good b holiday and gla.