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Seems the so called long term holder (2) must be pleased the sp has crashed.
Ultimately it just means we are building towards another rally.
Anza prospect still relevant 100% control inbound
Afternoon, good to see some of the long term posters still around - I have appreciated all the comments from Bar, See-in and Chick - there is no problem with differing views - it is healthy and respecting each is important - you guys have all kept me advised with info on this share. Still hoping to make a few bob but its a way back up for me - elephant country!!
"Our two resident derampers will be forced to bid up the price if they want to buy back in!"
How sad from one of the bunch of hooligan up here!!
Fdiscounted raise for small change. Not saying full ownership won’t happen and expect it to but likely slower than expected which will probably leave around $600 m in bank imo and need to raise fairly imminently after. Just depends how much momentum it has generated by then ??
Good luck all
Here we are sub 4p so my buy territory now. And spread closed up. Lots to be proved here imo but sub 4 p worth risk.
Jackbal. Glad you kept to your aim of letting go at over 5 p. The chance to rebuy now available. The cash here will be $1 m soon enough so very little drilling will be done before a cash call. I think as usual some of the more fanciful share price predictions may fail to materialise but sub 4 p - 6 p has to be easily fo able which is ok. One step at a time with this outfit I think is wise. They Havnt actually achieved anything yet except a highly end
Warrants can potentially generate £750k minus fees, so around £700k maybe. In sterling.
Will the warrants not generate another $500k for OMI and so boost the coffers?
Hi All
Fairly new to this share but wanted to check if there was a whatsapp group or Telegram group for OMI investors?
Thanks
Sir Bradley George sounds impressive. He needs good support
from friends with deep pockets who can afford to finance OMI.
Next Euro Lottery. 130 Mill . Good Luck.
I may add that was over something like 26k metres....
To further add to this discussion, I am the only one in attendance who has actually met Sir Bradley George.
And at the formal table, I showed him respect.
Its not personal with him either. But that doesn't mean I won't express my views as I see it in the process.
I am happy with that bhargav agree to disagree. Like I said there are points that i agree with and your knowledge is extremely strong on Omi. More positive though as it finally looks like they are turning the corner, il be much happier when I see the red dot saying that the transaction is complete. Premium will of course be paid for that. I do have complete confidence in this completing though and have confidence that the Pepas drills will come up with the goods.
Historical drills at Apta the first 71 holes
35% came up with greater than 10g/t.
50.7% were over 5g/t.
18.3% were over 20g/t
12.7% were over 30g/t
8.5% were over 50g/t
5.6% were over 70g/t
2.8% were over 100g/t
That's mad stats and that's not including other results and other drilling that was conducted after.
That's Ok Chicken...lets move on. I know its not personal. In fact, I don't take it personal with anyone up here.
I've never personally met anyone up here so why should it be any personal?
In fact, I've attended 4 AGMs in person and none of you showed up.
I agree to disagree, that's fine.
Maybe one day when we shall meet up somewhere, you will know me better and we can discuss the rest.
I would certainly like to meet Dr too, nice chap.
Cheers.
Bhargav. It makes no odds to me if you buy, sell ramp, deramp. You were asked if you sold, which I may add you questioned myself and others at various points the same question and you took it thick and left the telegram group. No one asked you to go, nor were you herded out. You just took it thick plain and simple and left. You might not agree with that, but that is what happened. As I've said I may not agree with your strategy but I do in principle agree with some things you say and other things I don't agree with. I have no beef with you personally and if I were ever in London I definitely would have a few drinks and a chat etc, likewise if you were ever in my neck of the woods, I would certainly offer you the same hospitality. Challenge? I don't really get that, or the law references.
Thank you Dr. I respect that view. Placing is strategic, though my concern is heavy as after 17 mil VIP holders will flog their shares, they will still have a bite at warrants and it was rather premature placing.
They're already drumming up for the next show in July, and likely a placement soon after, although they may try to raise some finance on Tsx and hopefully away from TPI on reasobable terms I hope.
So the vicious cycle shall continue.
Goody bag is now sitting on top shelves of local convenient stores no one is talking about.
BoD has nothing to loose. Salary will keep coming, shareholders will continue to get hammered under their regime where most joe publi can't cast their votes.
This current situation reminds me, when Sotolo (my senior for whom I've the most high respect) was saying a few wise words which most of us use to take it in negative light. I was wrong and wish I would have listened to him more often.
Well, he's still here after 20 years, and hopefully I may stay for next 5 years.
I remember a number of people here including yourself were so happy with Brazil deal and could wait to see some results, I was saying all these time that its waste of space, only dressed up to fill some news gaps shouls we have continued with the Phase 2. Anyway, now we know.
Zaps 100k holding is still higher than our show case directors Tom and Nick who owns fat zero.
Lets see what next 3-4 months brings to the table. And you'll find my views as I see it.
Jackbal, the reason I’m positive now unlike before is due to a release of the restraint of the majors. They kept a lid on things, prevented a lot of sampling, assays and whatever they could coming out into public knowledge. That will now be behind us and looking at other company’s in Colombia such as Collective, then Orosur should / could / hopefully will become a total different company no longer under totalitarian rule. In regards to Brazil, that was initially brought on board when Anza was the sole project on Orosurs books, in theory brought onboard in case something like the care and maintenance happened. Brad is far from smelling of roses, but he now has a chance to change that without anyone in his way. The placing was, in my opinion, to keep a lid on the share price until Anza resolve and for the director buys. Once the new comes and the directors buy then we should see lift off. In regards to Bhargav, many of his points are indeed valid, he’s been here longer than most and knows the company inside out. Though the company is going through a change and no one knows how it will come out the other side, only the board I suppose. From this market cap I see big upside this year. Drilling was begin immediately once the RNS drops and from conversations with Brad I wouldn’t rule out some sort of financing for Anza to be announced in the near term. Time will tell.
Thank you Jackbal, at least one or two knows how it is like up here.
Chicken- if you haven't read my previous posts, please let me re-itrate.
You haven't called me out for anything, rather your mis-intrepretaions and false accusations.
My open challenge still remain, I've offered you my word that I didn't sell any, but was pointing out the placement
overhang will continue to dent SP and its BoD's strategy which is working up against.
If you wish to face my challenge in person (if you ever come to London) or by law, I'm happy to take it prove you blatantly wrong.
Alternatively, please gently move on as I'm not going to take any non sense as you may know.
Thank you.
Easy to spot the narrative of traders v investors… plugging negatives v holding from low levels for what we already know is in the bag ie plentiful high grade gold and opportunity in the gold bull run.
Short term traders on the whole fritter profits away and proceed to shout down obvious holds in order to get a second third fourth bight of the cherry after jumping around losing profits gained.
My strategy works for long term growth. Don’t get shaken out on the whims of hasty headless chicken traders
Don’t fall for the bs. The guy is a trader pure and simple. I’ve long thought that. He even admitted recently that he was posting negatively whilst buying the shares. You can’t get more blatant than this. In any case why would you listen to someone who is posting 7p or even 20p predictions one minute and then 1.8p the next? Doesn’t make any sense. Also posting his negative rants in tandem with doormat?
So the rest of us have a right and good reason to call out the bs aswell.
Anyway I’m not all that fussed by their constant deramping because I have no doubts personally that the deal will get done and so happy to accumulate at these levels in the run up to the RNS landing next month. All imo and GLA
"The lads heading out of the El Pantano gold project in Argentina after a short, sharp campaign before the winter recess. They will now head to warmer climes in Colombia. One key objective for the last few weeks at El Pantano was to complete the Environmental Report that is required as part of the permitting process to allow us to drill. This is now done and we anticipate having this permit after winter, giving us two high quality gold projects to have a crack at". Brad George twitter
Jackbal nothing wrong with working and average, it is how people do that I think had irked quite a few posters. Usually quite clear when the average working is happening also. It is everyone's right to have an opinion positive and negative. Bhargav got called out for some thing which he didn't like. I respect bhargav's knowledge in Omi and some things personally I agree with on the surface, however constant critique of a share that you want to see do well doesn't make sense, whilst ramping all the time doesn't make sense either. I'll leave it at that. Your right c&m has been terrible for Omi, dragged on far too long. Brazil in hindsight seems that was the wrong move, at the time people questioned it, I myself though that it could be a good move as Omi were a one trick pony. Omi going if alone though for instance would make them very open for M&A activity if Anza was on the books. Argentina and Nigeria clearly just are the better picks for diversification. They also didn't seem to do much there apart from sample. Would be interesting to see how much it cost in total though.
Zapsnsap also sold out in 5’s like I suggested I would.
Very low levels of market intelligence on show when people say “if your negative just sell and move on”
Smarter to work a better average and sell at a price you can stomach.
Just because I thought snd still do that Bwad the gimp is unfit to be responsible for PI money didn’t stop me buying more at 2.2 and using that to reduce loses.
The one thing they can’t afford is delays after 15 months C&M.
The drill budget is already ridiculously small for Colombian rugged terrain and each months delay eats into it.
The dropping of Brazil just highlights more money wasted.
Bhragav gets it but you all don’t like the truth.
Ramping Brad up like a bunch of sycophantic cheerleaders with Stockholm syndrome.
The “free hits” = lies
“Keeping powder dry for Colombia” is not smart management born of choice. Its the result of previous bad decision making.
I’ll F off now but the imbalance is ridiculous
Your not meant to support a stock like your favourite team or a family member out of love.
Your supposed to analyse critically.
Just ridiculous how he sold 9% of equity at lows after wasting money in Brazil when many of us not just myself said it was a bad strategy at the time.
Good luck everyone but Bharghav has a right to say it how he sees it.
The way I look at it for the risk is we get it back get drilling get good results and I can't see why we wouldn't be back at previous levels unless I'm missing something the previous dilution wasn't that big think someone said 9 percent?. But there is always risk you pay take the chance, doesn't work sell up move on try the next one we're all here trying to make money at the end off the day.
smokey i'm sure he is trying his best if he's talking rubbish and doesn't turn out to well his rep will be further tarnished and he doesn't want that , even though he's picking up his salary, can only bull**** so much before before even him would get fired and replaced , hopefully it will all pan out ok.gla
Cash balance is healthy for now, but more will obviously be required for exploration at Anza, though once that’s starts it will be more than welcome. Maybe the recent placing was done at a discount and at that current time to prevent the share price getting ahead of its self, therefore allowing the directors to buy at a low price as we all know they cannot buy until the deal is done. As for the 17m placement shares I don’t see too many sells flying through now, I’ve been able to get a quote to sell 1m plus now for about a week, so it’s not like it’s hard to sell. Brazil now off the books as we expected. If it stays around this level or lowers I’ll certainly be adding to my ever growing pot. Good to here camp is getting ready for the rigs and drilling, I don’t think there’s any chance of the deal not happening, after all Newmont are our biggest share holder and it’s in there best interest for Orosur to prove up Anza. The RNS could for all we know, include some way of financing Anza. Taken from the March RNS ‘Further details of the Transaction remain commercially confidential and will be disclosed if and when the Transaction is completed.’