Member Info for AnnaRobinson

Added again as talking myself into it

if we just had Pepas to come (excluding any further growth) the cashflows and Free cash yield would comfortably warrant more than a price 200% greater than these levels.

Added, I didn't think we would get the chance here.

Goldies are cheap if they trading c.20% Free cash flow yield, OMI is currently around 81%! (if you assume the production profile, that falls to high 60s if you assume full capex is equity).

Major upside ultimately.

Yep, hopefully over 24p again very shortly. It's N/T to buy right now

ZEUS - "Based on our modelling, we estimate annual free cash flow of in excess of $10m, which will be kept in the Amapá JV to fund studies into the larger restart project; the DFS and early site works, thereby shielding shareholders from further dilution, in our view"

So wouldn't be surprised to see the price climb again quickly now

Already dropped significantly from 27p

will fly back up on first blue, whole market will be watching

This was included in the 9th Sept rns:

"Drilling is currently being undertaken at the Pepas prospect in the northern extent of the Anzá Project (pre-acquisition) over 10km north of the central base camp at APTA. In parallel, mapping and sampling is being undertaken over the El Cedro porphyry system in the south of the project area."

We should be flying right now, we were challenging 27p a couple of days ago.

Canada up 9.5%.

Hopefully no one got flushed today.

Can i ask which of your platform providers give you a live quote above the ask or below the bid when the quantity is really large? Let's say you have 1m shares and wanted a live quote right now, who would provide that to you instantly? most of the online brokers will only quote you live within the current spread. Thanks.

Its one of the largest draws indeed and largely because it also fully underpins the current valuation. I would be very interested if anyone can name a gold miner with such an immense free cash yield (for a decade+ LOM) for the tiniest of capex requirements.

And with regards to the exploration, that is indeed blue sky. Any further discoveries would result in the most explosive of moves.

Good to see it's tough to buy again on 25p

This would be dirt cheap if gold was at $3,000.

At $3,852 we are looking at very material upside from these levels.

Make the most of it before there's far greater competition for stock.

£65m/£70m in FCF each year could be conservative MM.

OMI is incredibly cheap still.

This market cap remains daft, cash from ops (at a future Pepas operation) would equate to today's market cap. You cannot find that metric anywhere else in the gold space, certainly not everything I have scanned anyway.

If the shares were double this level I would be a buyer.

Because OMI has Pepas (a cashcow) on the horizon.

Gold miners are cheap if they trading on a 20% FCFY, OMI is currently around 70% (if you assume production) based on knowns. For every month that goes by, expect this material disconnect to close as that metric won't last. Every effort should be made by the company to prioritise accelerating these cashflows. From there, they can build out something super special by way of self funding exploration (4 assets), buy other producers and return cash to shareholders.

Given these sensitivities, any discoveries (in the meantime) are likely to cause major vertical moves in the share price.

Exactly.

a 20% free cash flow yield for a gold miner is almost a slam dunk buy (depending leverage ratios of course) so at 35% on 50p (i'm factoring in $14m capex needs) is quite frankly absurd.

The shares are still very much on sale.

At spot gold we are looking at likely looking at a 70% FCFY for Pepas (pre expansion)

At double the sp that would revert to 35% FCFY. I am then going to factor in additional shares (no debt) for the capex and that drops 4-5bps.

You will be lucky to find anything ungeared and with such significant upside (on exploration) for 30%+

Those metrics (and I consider the free cashflow one the most important!) attests to how incredibly cheap this is. Once we move beyond these levels, expect a sharpish move higher.

Hi everyone, added to my long positions here.

i was an early buyer in EEE and SRB and see this actually eclipsing those trajectory's.

What makes me so confident is that we have a producing asset ahead that makes our market cap already look silly. I expect us to find a lot lot more in due course so can see this trading maybe in the £2-£3 range further down the line.