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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.’
That's the risk to take smokey1. One could argue that they said they would look to get 100pc control back. They got scoffed at then. They are on the cusp of that, LOI went in and officially updated market of that. Easy thing to do would be to sell if you didn't believe. Even the less optimistic, or ones who don't believe in the company at all are still here. Of course could invest when the official update comes through instead if less risk averse. Or of course if you think it'd a failure to sell out completely. We are all adults at end of day. Everyone has to make their own decision. No one could hold ones hand.
We only have his word that everything is going on in the background at anza . His word hasn't been that good lately?
Apparently the team are at Anza setting up camp, infrastructure etc which doesn't come across as a company that seems to be worrying about timelines or it falling through . I'm not entirely sure that's the case (a delay) and as a few have pointed out expectations were that it most likely come together in May. I do think the credibility would be shot if they over stepped that timeline end of May but as always could be a possibility. They do have form previously for missing deadlines. Perhaps being more cautious in the previous RNS was more warranted. I do agree bhargav that there will be director buys soon, perhaps at 5p as you suggest. I think that has to be a given. Of course that cannot happen until all cards are on the table. I don't think anyone can be too disappointed, end of day nothing to be disappointed about realistically. The market know that too. Like I said it's a weird one. Brazil off books is a plus, as pointed out finance was decent too. A lot too look forward too still.
Zap-
Not often I get to see any upfront view like you just did.
And you've been here for 6 years.
Most here are just following a pied piper which they cannot have enough of.
Even the pirated copy of Sherlock Holmes is concerned of my energy. And clueless forensic officer of late!!
Placing to VIP holders will going to hurt for months ahead...and there will be another one after that.
A solid double bottom is at 1.8p which it didn't materialise, and I hope it doesn't.
BoD have cleverly plotted the unwarranted placement so that they can make pretentious buys in next month or so. I suspect around 5p mark.
I can't comment on your 400k, as it's your prerogative.
But appreciate your post, unlike most mugs out here.
Gl.
Thanx zap for your honesty and what you think, I don't mind if peeps speak up with honesty and what they truly feel, that's natural and normal, hope you will come back in sooner or later zap, which I'm sure you will at some stage as the prize here is too big to miss.
I have an interest of 100,000 shares (small, I know - but i sold out 400000 recently). I have 2 comments to make about the RNS for whatever its worth:
1. The cash position is healthy and ironically this annoyed me as we did that ridiculous placing for peanuts- no need for it. I am sure we would be closer to 7-8p if we did not have it. If Brad was invested heavily, he would not have done it.
2. The delay (because it is a delay) was expected. In the interview he insinuated should be done by end April. Drilling in May. He did say that this could slip ...... so then why say should be done end of April. I appreciate that he is just "trying to be helpful" but he has told us too many porkies in the past. if he was ever sure about anything, he would have put his money where his mouth is.
The point here is that there is a rocky ride ahead. hold on to your hats. This will come good but nothing that comes out of Brad's mouth related to operations is worth anything. He might be an amazing geologist. i dont know. I sold out because i knew timelines would slip. My guess is that we will drill in July after signing end June. pure guess. GLA. great LTH who deserve the best.
Folks - just take it as another opportunity to acquire cheap shares and build your stake here - that's what I did today and will continue to do so at these lower levels. It will better allow you to trade the weeks and months ahead. All the signs here are pointing towards big news landing here next month. I mean they have given up the Tin JV - so what more evidence do we need of the direction of travel.
Watch out for the MM games here as well. They need/want shares. Those late sells were in fact buys. I know that because one of them was mine. As soon as I put it in, the price went up again and I couldn't get the same price on my next chunk. Maybe they don't want us to see the buyers that are accumulating at lower levels, in case we decide to do the same.
Let the chart be your guide - it is looking quite constructive right now (large base forming and potential double bottom into news anyone?). I'm certainly an accumulator at these levels. All imo and GLA
What a pair of clowns, day after day spuing out complete garbage and as for bhargav who supposedly is a big holder here why run a company down when you have so much invested here, makes no sense, unless ofcourse he's sold out and wants back in cheep, either way I don't trust one word they say, one of a kind maybe the same bloke, they both talk the same sh$t, if your not happy pls sell at the first opportunity as I think most on here are sick and tired of the constant insults at Brad, the bod and enyone else who supports omi, rant over, get I life and move on, aim is not for you and of gla genuine holders.
Hi, Chicken, Sharetrader and Legal
Thanks for some sensible posts. I don't understand the motivation of bhargav and leematt in trashing the company; looks more like a personal vendetta than a paid hit-job. But they have enough energy and commitment to dominate the chatboard, which is unfortunate and off-putting to potential investors.
Had worse days have to say. Every day that passes brings official news and updates from the company closer. I personally haven't even blinked. The optimistic view was that a Colombia update would land end of April. To be honest, we are still a week away from that still. Very hard to predict exactly when something of this nature will go through. Perhaps Brad has been a bit too positive in the last RNS, but if someone want to be in for that news and the upcoming drill then it is going to be hard to time. Pretty much any day from now is going to be fair game from now, the company don't have any control over the matter. It seems that MMS will take big holdings through out the day and any significant buying pressure will move this quick. No one has a crystal ball of when we will get an update, but trust that the company are looking to get everything in place so that when it comes, they can start. Remember Newmont will not be hard to deal with, they are Omi's biggest shareholder. Tricky one for bulls and bears but judging by the action today, I didn't get the impression that there was a massive exodus.
Ok I apologise..for the clueless ST- 50p next!!
Trust in Brad's creditability🏆. That's the medal for you.
Bharmatt, Leegav the current situation is totally out of Brad's control. To actually try and apportion blame at this time sums up you and your alter egos desperation to try and sustain your attack on Brad under any circumstances. It's not only become highly tedious but destroyed any credibility you had left. I suspect you can't help but continue on this farcical crusade but it's about time you sought some professional help whilst you still can.