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Was supposed to be a thumbs up. But came out as ?? Lol
Good stuff Degsy, ??
I’ll can’t see past 20+ mate .
It’s going to go again
Enjoy your evening
Anza gold grades to date. Page 7
https://www.orosur.ca/files/FINAL-June-2020-Corp-Presentation-25_june_2020.pdf
As results came in for ggp investors started to take it serious after years of it doing nothing. They are solid now with a £760m cap. The point at which Newcrest started with ggp was behind where Newmont and Agnico are starting off from with Omi Anza.
As newcrest started to prove up the cap started to respond north. Ggp had placing etc and results continued to flow in.
Anza already has amazing gold historic drill results which put it on the map leading to the 2 majors taking it on giving OMI a free carry ending with 25%
Yesterday’s news secured OMI and totally derisked it for holders particularly at this level.
What people tend to forget is it is the market cap to keep an eye on not the actually sp number.
Inexperienced investors at a glance of ggp and omi sp’a would not realise omi is actually circa 50 times cheaper.
So what was GGP’s cap when they started to get a glimpse of success in the ground to the level OMI already has?
Over a fairly short period since newcrest started showing signs of success ggp cap slowly but surely took off. With there being over 3.8bn shares in issue their sp tends to be a bit sluggish which is not the case with OMI 160m shares and only 48% free float so although we have had big rises for 2 days the market cap is not really taking off in the same manner it would when comparing to ggp. Ie you get more bang for your buck in your PF with omi.
Anza obviously has great gold grades which has drawn Newmont and Agnico in so as they are heavyweight producers what is the minimum gold that would draw them in to commit as they have; 5m, 10m oz each? Well they have 75% split between them but 100% of costs and omi has 25% basically for free plus getting cash injections.
Forget the percentage rises look at the market cap and consider why the 2 Gold Majors have stepped in to fast track Anza and then look at the high gold grades and consider how much gold would they want to make it worth their while because they are now fully committed and OMI is seriously derisked.
I expect a meteoric rise here in market cap as ggp has seen.
Nice one Essex. Looking good here for tomorrow. Further growth likely as proving and drilling upscales. Should continue to have legs.
£75m M/Cap = 48p
Quite achievable
Without a doubt mate .
GL
EM
Evening all,
What is expected tomorrow another rise?
Been in for two years and thank the man above its paying off. YEEHAA
Degsy, GGP reached 2.55p in January 2019 giving them an £83.8M market cap, which equates to a 52.34p for OMI. How does the outlook for OMI's Anza investment compare with how things looked for GGP's Havieron investment back in January 2019 when much less had been done I wonder? Expectations of £100Ms short term are pie in the sky at this stage, but a move to the £50-75M market cap range is surely feasible is it not as exploration with two gold majors on board cranks up a gear and with gold much higher than it was back then?
No mate , OMI is my only share .
Once NCYT paid out , I took time out and then researched and purchased a tonne here , average now is 7.79pps
This will continue for a few days at 40% a day IMO.
Hope your well fella
There’s enough money to go around o was lucky as bought into GGP a few years back sold millions at 2p after 5 bagger.
Was gutted but sold more at 10 p a good sum made but could have been nearly a millionaire.
GGP has great legs in expecting the share price there too double in holding for long term there now.
OMI are only just beginning hopefully multi bag with such a low market cap.
So I’m keeping both options open still have a regular subscription into GGP .
GLA
Nice top up essex. Running dual pots?
I suppose there is always fear of money coming out of the old gold darling ggp, into the new one orosur.
GGP has a majors back up too with upside potential for sure. But, it has rallied from 1.5p to 27p in recent months. OMI have a lot of catching up to do. Today is a great sign that it has outperformed GGP, both in % gain and turnover volume.
If I were you, I would keep topping up here instead at this stage.
GL.
Theres a reason why ggps mcap is 750 million . As we know nothing goes up in a straight line experiance shows slice free float stock and invest in another multibagger like ggp
Yesterday it dipped too...looking forward to an easy 20p+ plus tomorrow. which is in my opinion just a starting point without any news considering where we were two years ago, uruguay settlement and Gold uptrend..!
GL.
You can top slice or you can buy the dips. I know which I'm doing
Those researched are lock and loading expecting pounds not pence. At 100p ps the cap is only 160m. Compare to ggp £760m cap
Dipped in at bell yesterday now sliced giving a free float here and adding to my ggp stock. Both going up happy days
Prior to yesterday’s news OMI was in limbo. Now OMI is in free confirmed free carry by 2 world leading gold producers.
Gold grades are top notch. They will not be interested in small resources I reckon they are looking to capitalise on 5m oz a piece. Free carry for OMI what’s not to like with a £25m cap.
For Transparency - purchased a further 58601 shares.
nm