Member Info for adamsmithfreethi

As said before I have lost money in JLP and as much as I want to do please explain why?

WHY?

Because it's amazing what a competent management team can achieve. Yes really!!!

After much consideration I've decided to keep my small and becoming ever smaller stake just so I can attend the GM (whenever that is!) and vote against EVERTHING.

Time's up Leon

Clearly not in MTLs case.

Checkout SRB for their Brazilian full processing license. All the stuff you mentioned has happened and more! And yet after over 3 years still no full permit. Luckily they have an exploration license which they've doubled and with an ore sorter effectively doubled again and they've done brilliantly in being able to truck it to their existing processing plant.

What what a farago!!! Hence why I was so relieved today.

Granted DB is good at promising only those things he can be certain of like geology, mine construction etc but in my experience of holding other junior goldies I know just how difficult it can be to get all the permissions for any given development. This is particularly the case the devolved and somewhat chaotic democracies such as in the Philippines

I my book permission was never a "given". Now it has been given (spot the pun - ha ha) I personally think that this is a big step. Mr Market will catch up in due course...

Couldn't agree with you more Lth. Can't decide whether the lack of movement is some dastardly plot by MMs to shake a few more share from the tree or IIs still taking a conservative, show us the gold attitude before plunging in at higher prices.

What seems to be clear is that RIs are not panicking and selling out in an large numbers.

The stand-off will be resolved soon perhaps by the first drilling results. I don't think from memory these will be very deep and given Runruno has its own lab we should get something back in the next 3-4 weeks. I would have thought.

I believe it was formerly a zinc mine not a gold mine. That's at least what I was told at the AGM. The zinc grade was so high they simply dug it up and put it on a boat. No processing required...

Correct. I own the A shares. It seems they will be buying out 3 for every 4 in existence. What happens to the shares not tendered is anyone's guess.

I will be voting against.

As a former CNR shareholder let add something to the debate about tolling. One reason CNR didn't toll was that pretty much their only option was Calibre who, once the bidding process was revealed, were clearly intent on putting the squeeze on CNR in the hope of buying them for a song. Clearly, this is not the case with OMI.

Secondly, in terms of how quickly a mine can be exploited using only exploration and evaluation licenses I suggest people interested should have a look at how SRB did it. Another shareholding of mine. Admittedly SRB undertook an internal tolling exercise but the logistics involved would the the same as that for an external agreement minus of course getting agreement with a 3rd party processor.

i've looked at this share and mentally put it into a bucket called avoid. why? because companies in the avoid bucket share similar characteristics. they are all very very optimistic doing a whole variety of stuff that somehow never advances beyond the bull**** stage and just when it looks like the scales are about to fall from credulous investors eyes they rush out a new initiative to divert and distract.

today's announcement together with yet further dilution on the enormous no of share in issue fits the bill nicely.....

As I get older less and less impresses me. But this most certainly did. The announcement was a least 3 months earlier than I thought it would be so congratulations to Steve and his team!!!

Scuttled or wrecked? There's a subtle difference, particularly to the bloke insuring the vessel.

Spot on ID78. OMI the Lassonde curve will be drastically curtailed.

I think it's almost unique right now and it's on our doorstep in terms of accessing management.

I seingrid. Yes it looks like we are following each other around...

I also bought more MTL yesterday. It was a monster holding yesterday and no it is ridiculous!

As far as OMI is concerned comparing it to CNR I think has limited value. Firstly, yes I was a CNR shareholder (my entire MTL holding except for yesterday came from converting CNR shares). I wend to many CNR AGMs and have been to one OMI AGM. To say that comparing OMI management with that of CNR is like chalk and cheese is a massive understatement! Also the situation in Nic was different from that in Columbia. CNR really only had one option Calibre had them over a barrel. OMI has choices.

So in summary I expect Brad to push for extraction and processing soon into 2026 baring unforeseen circumstances. The last thing Brad wants to do is go cap in hand to the institutions giving away near free options just for paltry amounts. He has skin in the game to.

So expect OMI to be generating cash BEFORE MTL does so in Nic.

Happy to make a small bet on that!

Fair point. Let's see if the pattern is repeated this time around or whether it pops as it has with OMI today.

News in the RNS such as the plant has been safely shipped as is on its way, drills turning at Dupax and another monster cash gathering quarter could cause such as price move.

Let's see

Earliest NEXT week

I think someone mentioned that the 2nd hand kit is due to ship in the next 3 days? If so then I'm sure DB would want to included news of this in the RNS. Add to that and no one want to post an RNS on a Friday (unless it's bad news of course) so expect an RNS earliest week.

I was "tricked" into buying yesterday to add to my already monstrous holding. I've said in the past trading this stock is a mug's game but given the precipitous drop in the price BEFORE the RNS I think I spotted an opportunity.

We'll see...

Couldn't agree more with your post except that why restrict yourself to 40k per year? It depends on what Brad sees the deposit as. A mineable deposit to be exploited over a period of time or a bonanza to be taken out of the ground asap and then used to fund exploration of rest of the company's extensive acreage and then have enough in the kitty to part fund (with debt too) processing facilities as and where required. There is plenty of processing facility around Pepas and the ore looks amenable to bog standard extraction so why stick to one processor if doing so would restrict output.

Pretty much all juniors get slaughtered when they go back to the market and ask for finance. That is big boy money payback day and where we small retail investors having taken all the risks up front get diluted to b8ggery.

Monetising this high grade orebody gives us and almost unique opportunity to escape this trap. Bard knows this. Bhargiv and Johnston et al know this. Time for Joe the retail investor to wise up too!

gosh what a genius you know me better than i know myself.

i bow down to your all knowing magic eye.

presumptuous ****

Good god man. I wouldn't trust me further than you can throw me, we won't be very far.

Investing is a lonely business particularly on anonymous platforms such as these.

We're competing against each other as well as the big boys.

Agreed peterp. This board and many others are full of people playing games. Either for themselves or on behalf of others.

Until they post clips of the trades they claim to have so magnificently achieved, believe nothing!

As the Don says (and for once he is right!!!) and I'm paraphrasing - trust nobody!