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That is also speculative but a possibility and quite a strong one. Regardless. Depends what your timeframe is? No one is saying Omi is going to be next big major or turn from an explorer to producer tomorrow. Hardly stating to anyone to buy now and hold for 10 years lol. What most are saying is the rest of this year is going to be massive for Omi. It's been pounded into a pulp that there is going to be loads of triggers to stoke the fire and push on the share price. Pepas results will be a "gimme". The last good ones propelled this to 20p. Long term the other areas will be the company maker. That is if they can access the kind of funds that will add the zeros to the mcap. Near term if you want a few Gucci bags for your collection, then you can add now and let the magic happen. I don't have a crystal ball. Logic tells me that it will be much higher than today on 100pc and those drill results. I also do believe Omi/ Anza could be a takeout target if on our own. Will the majors let it slip through their fingers completely? Tough to call that. A lot more positives than negatives near term. Verdict strong but for 2024.
Sorry my fat fingers posted. My point is I just had a feeling that a JV or funding model might just land at same time as the 100pc update. Of course can wait for that security but you'll be paying through the nose for that kind of comfort.
Seingred. My collective example was merely meaning that Omi will be vocal about what they'll do and report assays regularly (like collective). That was missing when majors were funding, effectively gagged. That helped nobody, certainly not the Orosur shareholders. News was slow, ponderous and at times kept back or hidden from us.
Seingred the deal will complete, Newmont are our major shareholder. It actually remains to be seen just how this 100pc will look. "Commercially Sensitive Information".
Seingred, the majors here at first was good, they were funding full exploration and also paying Orosur for the privilege but obviously had a percentage ownership. Orosur getting 100% of Anza back is the beginning of the journey almost like starting from scratch but with a huge advantage of all the information gathered over the previous few years. Orosur aren’t collective, far from it at the minute but they have a clean slate now to build up a good reputation and sell the story of Anza. They’ll get financing at some point, though that’ll come after some drilling at Pepas. If Pepas proves to be as good as everyone thinks it is, 150m @ 3g/t from surface on the first hole…. Hopefully we’ll see the South drilled by year end and have a clearer view of funding. Yes, early exploration is we’re you usually see massive share price increase like we saw 4p-45p in 13 days last time with the Pepas results. It seems somewhat coincidental that we now sit at 4p again and Pepas is about to be drilled. Here’s hoping…..
L wolf. Yes agree with comments re other explorers etc. this best deal possible in circs but quite amusing that the ramp cheerleaders of the 2 majors making this worth a packet are now the cheerleaders that getting free of the majors is so excellent.
Anyhow if/when this completes it still remains to be seen how significant exploration will be funded. I have added last week and this to take advantage of any short term rise but bearing in mind the sell the news scenario . I will look to trade some here and get de risked asap. Keeping average below 4 p.
Has to be said that the early phase in exploration is generally the most productive share price wise but rns spikes will be there to take advantage of. Longterm sitting on your hands is folly imv .
Chicken, Omi are not collective and do not have the bod credibility for large cash raises for the ammount of drilling needed to prove 2 m oz plus oz. Still a lot to prove imv but happy to ride any spikes, assess as we go and most importantly get cash out. Not interested in 10 years time, cash is generally made in fairly short timeframes imv
Good luck all.
Now's not the time to delve once again into the mishaps of the past. They have been discussed exhaustively on here and happen all of the time on AIM. Go on the bb for other juniors and you will read similar laments about their BOD. On AIM, you have to spot the opportunity and take it when the going is good. Right now, the going is very good. There might come a time, once again, when it is not good. So you just have to decide whether you are going to swing trade the highs and lows, or stick with the stock through its ups and downs. If the latter, then you have to accept the trials and tribulations that will come with that strategy, as there will be LOTS of them regardless of which junior. In fact, how many have invested in a junior where it has all gone smoothly, and every decision of the BOD has been well received? I can't think of one.
BG has pulled off a blinder here in that he's secured 100% ownership and control of a potentially world class gold project that has had £30 million spent on it. He has done this for zero upfront consideration. And everyone now has the opportunity to make some serious cash again. Ironically, this opportunity would NOT have presented itself had everything gone smoothly with MMA.
So don't get distracted by noise about the past, and focus on the opportunity ahead of you in these coming weeks. All imo and GLA
Up to now Brad has far from smelt of roses, the voting scandal, lack of director purchases, constantly missing timescales. But all along I’ve always stated that this was due to the stranglehold of the majors. The main criticism throughout has been timescales but how was he suppose to call them correctly when every thing. He said had to go through Newmont, Agnico, Turner Pope… I’m sure he said previously it would take over two weeks just for them to check the RNSs over. Everyone has at some point shown frustration here as the share price has been decimated so it’s a bit unfair calling Bhargav out, after all he’s been here longer than most, including Brad. Now Brad has a clean slate, it’s all on him. No excuses, no scapegoats. Best of the luck to him.
Impy- My view on our BoD still remain as I've expressed in the past. No changes.
We are all here for ANZA....and that's enough to bury any difference if it's been developed in the interests of shareholders.
I've been here long before our current BoD.
I'm here for Anza, not any BoD with fountain of excuses
If course, they will change some of their ways to deal with us moving forward and win some trust of the market participants.
Please do not quote my name again, as that will only cause more distress up here, and number of other LTHs don't deserve that.
Thank you.
Some of us are now having to eat our words about Brad. It's only eight days since I called for his resignation. I hang my head in shame. Bhargav's position is equally bad; he denounced Brad and Louis as clowns, repeatedly.
Just for the record, my present view is that Brad is a brilliant CEO, who has hitherto been kept in chains firstly by Covid, and then by the contract with MMA. We now see Brad unchained; though not I hope doing a striptease, which was suggested by either Dr or Chicken, though I now forget which.
I hope the next raise is at a much smaller discount than the last one. This should be possible, if it's done after some decent drilling results.
It's the discount that hammers the share price, not the raise in itself. I've seen companies where the share price hasn't moved at all after a fund-raise.
Raises are going to come of course. But if it's going in the ground and we see drills then happy days. Market are not pricing in historical, world class assays for here or the thousands of metres already drilled but when assays are released to the market, the market clucks like a junky on crack (clearly when they are good).
Potential price targets are pretty insane, and by god the share price is still cheap. People were paying 40p just a few short years ago, and since then Anza is potentially more attractive. Certainly more data, more areas, more potential gold. Orosur itself is not a one trick pony anymore either.
The only thing missing is the JV? One could argue though having majors on board has been a curse rather than a blessing. As we can see, the company has a voice again, they are taking a leaf out of the Collective mining approach and I've got to say, I really really like it. I also like the approach going to be taken at Pepas, it's nimble and the promise of assays on the regular is going to be extremely exciting.
Aim needs a junior mining darling after this bear market. Orosur is primed to possibly be it. Talks were it's the next Greatland. Clearly not Australia but Mid Cauca Belt is prolific. Petro is a goner and Colombia currently far too reliant on the mining sector to cut its nose off to spite it's face.
More often than not results are good here. Deposits in this area tend to be mammoth multiple meterage 3g+. Their is some historical data that i have read which makes for interesting reading. It's all there if you research hard enough. A
The 1st set of Pepas drills were world class. Can't help it if Agnico attacked the body wrong. Something Brad said on the down low at the time. I have to add as well that although mineral resource estimate etc are not in place but there was definitely guidance/ literature saying that Anza probably had in the region of 2.7m Oz, but that was quite a long time ago and based on a lot less sampling data they had at the time.
Since then a wealth of sampling has taken place, and new areas have also been added. Pepas being one of them. I would imagine the potential would be a lot bigger now. 2.7m Oz is probably really conservative for the whole Gold District.
28Jac, yes it seems to be the Canadian company way of putting AU equivalent feather than the true AU, it dresses it up better especially when the results aren’t too cracking. Not sure Brad would need to go down that route but with the silver and Zinc we’ve been seeing it could potentially make excellent results look outstanding. El roble and el cedro, Guiaramala and Charrascala from the old names? These are south of Apta and I know Agnico / Newmont set up a camp down there on the strength of the sampling results and were to be the next to be drilled. We should see their field work first hand soon and I’d imagine see a drill rig down there in the next twelve months. Waymar did drill down that area and had 14.7m @ 40.3G/t, 48.2 @ 2.5g/t, 17.5m @ 5.2g/t. Also bear in mind, La virginceta was the area with initially brought Newmont here. Thought to be a huge porphyry system and the origin of all of Anza. From the tweet ‘ Ultimately, as a junior miner we are utterly dependent upon the market’s preparedness to fund us – and at the moment, that is at a low ebb. We need somehow to differentiate ourselves from the dross.’ I think that speaks highly of getting the share price up. Raises will come but if they’re used adequately they’ll be done at an ever increasing share price.
Mediman (or any others) - I know it is completely conjuncture but do you have a personal opinion on when I raise might be likely?
Are we talking a few months?
Got in on the retrace earlier in the week but agree that things look so much more positive now. I just want to invest more haha. GLA
Absolutely there will be island girl, we are a junior miner.
But at the right time, when the sp has been taken higher, at the right time to get it (different ways to access funding) and its adds clear value and gos into the ground it's all good.
I dont see raises here just to keep lights on or fund another conference trip, that's when constant raises are bad and there are many companies raising and not moving forward.
Theres got to be a placing at some point to cover all the projects.No problem with that as long as it gets us where we want to be.Hopefully a JV will be sorted if drill results are good
It's actually a cracking little tweet, really sets out a time line of regular news flow, this is different now.
Drilling at Pepas with shallow targets and quick assay turn around. Same sort of time start ground work at El Roble and El Cedro which will take a couple of months and come back with likely updates filling the gap after Pepas set of results.
And then all the other projects and unknowns!
In my opinion only, this is a different animal now, being planned out news flow wise with much thought to support a sustained re-rate.
Also worth noting that the Colombian government has Anza pegged as a deposit with strategic importance. They know it's big.
Dealing with a different Orosur now. It's now a junior with a balanced portfolio and voice. Potentially another good deposit in Argentina, right next a few major mines.....positioned nicely for EV revolution in Nigeria and Brazil. Lost a lot of credibility from the market, stuck on limbo and actually probably through no fault of their own but I think it's clear for everyone to see that Anza is the jewel in the crown and it's a new beginning. Nice plug for the more fancied areas as well. Apta and Pepas were never really what Anza was about, they are merely bonus'. Gold District was the quote.
Not as relevant but it shows Omi have a voice again....
https://twitter.com/OrosurM/status/1773525040866509032?t=dX4Ab-ld5lzGzWdqr14l-g&s=19
It’s worth reminding ourselves of the details for that world class hole at PEPAS (150.9 meters at 3 g/t Au) from SURFACE………the grade value is the true gold grade and not an Au Eq value like many explorers will quote in their news releases to take account for the other secondary metals present in the ore to boost up their headline numbers.
https://www.lse.co.uk/rns/colombia-update-z5hovnbi6igb45h.html
The starting from SURFACE is a very important aspect not only for the future potential method for the mining, but even more importantly at this early stage it means that when OMI start poking more holes into the ground at PEPAS in just a few months time they should know within a relatively short drilling depth whether they are hitting good pay dirt and if yes to carry on drilling that particular hole to sufficient depth to capture the full intercept, but if not successful then to abort that hole quickly and move on to their next planned hole. This is the efficient approach a nimble junior explorer will look to take that saves time/Money and also promotes to get the drill results turned around most expediently to support regular news flow to the market.
Now that's a nice Tweet to read. It's like over night OMI has become a completely different beast. The talk is very bullish, and inclusive of very short drill time lines, that if successful (i have great faith in Brad's abilities to find what we need) will add considerably to our valuation, again firming up what is believed to be (and begun showing in drill results to date) an Elephant country discovery, and most importantly, really putting us on the map as a buy out target. Sitting at a little over 9m MC, this has to be about as good an investment opportunity as will ever present itself