The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
OMI will have no trouble finding a new JV partner, they just need to complete all paperwork on the agreement with MMA first. I am happy at Brad using remaining cash on Pepas, share price should climb which places us in a great negotiation position with any new JV partner.
First it was NT to buy for £10k and above
Now NT to buy for £5k!!!
Carter, MMA was not "for sale" to anyone else. The deal is part and parcel of exiting an Exploration Agreement between OMI and MMA from 2018 that the parties were no longer happy with.
There are wins for both sides in this deal, and all to look forward to now for OMI.
They are buying 100% of Anza by Aquiring MMA for $1. Terms dictate they’ll pay the previous partners Newmont and Agnico royalties and up to $15m once Anza becomes a mine. That in itself shows confidence in my opinion, as they’ve spent $30m on exploration already. Wayne’s also spent money here and had some huge intercepts including 40.5m @ 14.1g/t AU.
https://www.mining.com/web/waymar-intersects-40-5-meters-grading-14-1-gt-gold-at-anza/
They specialise in the area holding licenses adjacent to Anza.
Well Agnico eagle are still here. No4 producer worldwide.
John, a partnership will come of that i'm sure but what Brad intends to do first is add value by proving up a second resource at Anza, namely Pepas which could turn out to be bigger than Apta which it is reckoned has 2m oz's (not been proved up yet though).
Carters, omi have 100% of the Anza project back whereas before they only had 50% - that in itself has to be value accretive. In addition, there is no up front cost to omi of regaining full control from Agnico and Newmont. Not for 7-10 years at least.
It was a great deal imho. Well done Brad and Louis.
This in theory could go crazy if we get a sniff of a partnership now we know it’s defo coming back. A partnership hint from Omi could come any day really and then we are of to the races for sure. 5p will be hit defo next week. Ive taken 45k s worth of shares in the last week so happy with what is happening and progress. Others just need to take the leap of faith now.
That may be the case. I am wondering why someone else didn't come forward to buy out MMA and take it forward. That is better than them taking back full control surely. It's a valid question.
Watch the interview. Newmonts overheads are so large they need 15moz guaranteed early doors if they don’t see it they step aside. Their exploration techniques are frustrating. In nutshell.
Newmont maintains its 29m holding though.
There were a number of options. One was for MMA to sell its stake to someone else under the same JV terms. Surely that was the best option yet they are pushing for the option of taking back full control. Why?
We don't know that yet. Agnico may still be interested and also there may be others waiting in the wings. We will find out at the end of April. Exciting times. There's also the Chinese sniffing about in the area, so it's all to play for.
Why did no other gold majors want to come in and replace the old JV partners if the Anza project is so good? Gold at record prices yet no other interested parties? I don't believe they want to go it alone with all the costs that lay ahead.
Johnstoneo, nice buys, timed them well by the looks. I’ve enough of these for now and like I said, I added in the 2s whilst everyone waited for the inevitable rise. Gold now over $2230 and rising. With only 220m shares in issue, I personally believe this opportunity to get a part of Anza for a mere £6m market cap is up there with the best current offerings on the AIM market. 4s broken now this could fly to 5s.
Had a rummage down the back of the sofa and managed to get another 75k this morning. Would get more but alas that’s my limit for now. Once we get Easter over with and into April we will see things moving up I think. The last 12 months has been tough, many days with no trades whatsoever. Will be fun when the drills start turning again, especially when you have skin in the game. With renewed interest in the sector I wouldn’t be surprised if we had a couple of interested partners sniffing about. Brad has disappointed many for quite some time but maybe he might pull a rabbit out of the hat yet?
Don't know....but highly unlikely anyone from our poor Bod for sure.
Who’s going to push us onto the 4p mark? Dr, chicken , bhargav?
I think where we should be is around 5. Soon as people feel confident again they will start putting money back into Omi like they did 2018/2019 when the sp went up so quick you couldn’t buy enough of them. It was NT for days. Fingers crossed for those days again
Nice confidant buys John. You will be handsomely rewarded on a 6-12 month view imho. Don't worry too much about the daily fluctuations if the long term trend is up.
What we want to see is higher highs as we move up into fresh price territory and on the pull backs we don't want to see lower lows, but rather, higher lows.
There’s my buys 9.01 for those that doubt. Bring it on
I just need one elephant chicken to be at anza. One elephant would suggest it’s an elephant country. Get your match boxes out lads.
Dr Rem that does show confidence £72500.00 is not a random punt.
This was 4.50 on tuesday morning no reason for this not to move up nicely now.
We may test 5p today some nice buys going through.
Johnstoneo you are my hero. I'll sacrifice 100 elephants in your honour :D folks going to jump back in now they see it moving as nobody wants to be out for the news of the century.
Johnstoneo you are my hero. I'll sacrifice 100 elephants in your honour :D folks going to jump back in now they see it moving as nobody wants to be out for the news of the century.