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It is the lowest spread I've seen for a while. It is staggering the mcap is at 9m for Anza plus the other plays. We just need that positive info and we are off. I also think it is possible that we may not know until first two weeks of June. We will see but holding firm now.
Mackey, that’s what I’m expecting, the agreement will land in early June. I agree though, they shouldn’t really be giving out dates.
gold nearing $2400 again. on its next leg up. two more trading days of this week left then it’s game on. i believe we’ll see the rns next week. it’ll be a pleasure to hold here once drilling starts, if they can delivery assays every few weeks as they have stated. sky is the limit once financing is sorted, i’m sure they’ll have been busy on that front. it’s been a long old wait since september 2022 that’s for sure. omi at its most recent peak when exploration was underway on anza achieved a market cap of £85m ish, share price 45p. ten fold from here. gold price then was around $1700. the gold price today is 40% higher. years of extensive field work has been on undertaken on anza since then, which the bod are now privy to. $30m plus has been spent. the bod now have that in there ****nal and the keys to 100% ownership. good times ahead. this will move quick with the low amount of shares in issue. remember there’s only been 2 placings in just over 3 years, this is far from your usual tin pot aim listed stock. best of luck to all.
Great post Dr, isn't it crazy that when you take all those things into account, we sit here at 9m M Cap. The market wants something concrete, once that happens, along with the expected high grade drill results coming in, then OMI will be firmly on the radar of many. The stock will move quickly, especially with the few shares available, not to mention if there are large director buys coming . For me this is primed, and this quiet period is a great opportunity to accumulate before Orosur becomes a very different beast, rising into the gold bull run
Source investing.com
"Gold prices steadied in Asian trade on Thursday after clocking strong overnight gains as some soft inflation data pulled the dollar to one-month lows and pushed up expectations of interest rate cuts.
The yellow metal was now back in sight of record highs hit in May, as traders increased bets that the Federal Reserve will begin cutting rates by as soon as September. The dollar fell sharply on Wednesday on this notion, which in turn benefited broader metal prices.
Spot gold rose 0.1% to $2,388.84 an ounce, while gold futures expiring in June steadied at $2,393.50 an ounce by 23:43 ET (03:43 GMT).
Gold surges as CPI eases, rate cut bets increase /h2
Gold prices were sitting on an over 1% bounce from Wednesday after data showed U.S. consumer price index inflation eased in April from March, while core CPI also fell from the prior month.
The readings, which were followed by softer-than-expected retail sales data, pushed up hopes that inflation will ease in the coming months, giving the Fed more confidence to begin trimming rates.
The CME Fedwatch tool showed traders pricing in a greater chance of a 25 basis point cut in September, at nearly 54%.
High rates push up the opportunity cost of investing in gold and other precious metals, given that they offer no direct yield. The yellow metal may also benefit from increased safe haven demand if the U.S. economy cools further this year.
Still, a slew of Fed officials warned over the past week that the central bank needed more confidence that inflation was going down. Inflation also remained comfortably above the Fed’s 2% annual target.
Other precious metals also advanced. Platinum futures rose 0.5% to $1,081.90 an ounce, while silver futures rose 0.2% to $29.797 an ounce.
Copper prices sit at 2-year high on China hopes /h2
Among industrial metals, copper prices pushed higher on Thursday and remained at over two-year peaks amid persistent optimism over more fiscal stimulus in China, as well as increased support for the property market.
Three-month copper futures on the London Metal Exchange rose 1% to $10,375.0 a ton, while one-month copper futures rose 1.4% to $4.9915 a pound. Both contracts were close to highs seen in April 2022.
Beijing said it will begin a massive, 1 trillion yuan ($138 billion) bond issuance this week, while several major cities also relaxed restrictions on home buying to support the property market.
Chinese industrial production and retail sales data, due Friday, is now awaited for more cues on the world’s biggest copper importer".
Remember Anza isn't just about gold. It is seen as a type of VMS deposit which as a class, represent a significant source of the world's copper, zinc, lead, gold and silver ores, with cobalt, tin, barium, sulfur, selenium, manganese, cadmium, indium, bismuth, tellurium, gallium and germanium as co-or by-products.
Great posts Dr R and Chicken. The excitement is starting to build and gold/commodities are doing really well. Yes, every chance of getting that golden RNS next week. Sub 4.5p is gone me thinks, and we've cleared a lot of sellers already higher up from the previous rise. Therefore, as you say with the small free float, this could move very quickly in the coming weeks and months. Hold for gold as they say. GLA
Get ready for launch.
Tempted to have another nibble even tho bases are fully loaded
For those on the fence thinking about buying, don’t just take our word for it, maybe also take a look at the charts. Barchart.com for one…100% Buy
Bid and Ask have both gone up today. Are we gearing up for a Friday pre RNS frenzy?
I'm also very tempted to have another nibble. Head tells me it's the right thing to do but like many others I've been bitten on the backside and kicked in the nuts by this share. Nothing with OMI is ever quite as it seems, but maybe just maybe we are about to turn a very big corner here. This has to come good with such an asset as Anza, so why not now?
I wouldn't leave it too long to buy. It looks like the Ask is ticking up every few buys. Maybe the herd can be heard in the distance and will arrive in anticipation of the RNS landing next week. Tomorrow could be one of those Friday 'you wouldn't want to be out of this over the weekend' days. All imo and GLA
Who else will be here 6.59 tomorrow waiting?