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Another assay results tomorrow before investor webinar on Wednesday, that is Mr George's usual RNS modus operandi.
AGEOS, I have spent a lot of time this afternoon going through your posts on OMI, I am indeed humbled by your knowledge and regarding this project pre Brad George. I am a very factual person but I am not very good with politics. I wish more posters on here were as erudite as yourself and you are the teacher I wish I could of had at school.
Yes Chickenlegs, the other two targets at Anza came out of the blue so in my mind I think this consolidates things there.
What can we take from last weeks news:-
Good results which were worth waiting for with a pre-planned presentation to co-incidently go with the assay results. Brad saying only one rig at Apta with still more results to come from Peru. LOI with a Tin explorer Meridian Mining which will eat into funds.
Is Brad confident that Newmont and Agnico will provide the next round of funding on September 7 and that's why he is pressing ahead with this or is he going to do a raise before September 7 to make sure they have funds available if Newmont/Agnico don't proceed. Maybe both will happen but he will say he had to do a raise to make sure and to progress other options. He also say's they believe they have a rough resource size for the Apta drilling target but that's a secret. I personally think a raise is inevitable from the way he has conducted things in the past year and his body language towards the end of the LSE interview (31-32:08 mins) and the way he stresses things will not happen quickly . Educated comments are appreciated as I am an LTH from when Newmont first bought in with a substantial sum invested here.
He's certainly played it well for his ii friends, especially since Nick von Schirnding arrived. Raise imminent.
Brad up to his. ex broker tricks again, the tin exploration runs could have been incorporated in yesterday's assay results runs but perfectly planned after last night's presentation. Firmly believe that there will be an equity raise before Newmont/Agnico payment in September as this has now been set up perfectly for this. Personally not happy with the way Brad has played this as I am a lth but lots of news to come and still feel confident this will come good for the pi's.
Raise before September payment methinks.
Jordan Belfort and Stratton Oakmont
What was the scam?
Stratton Oakmont followed the traditional "boiler room" model of using high-pressure sales techniques to sell shares (which Stratton owned) in dubious companies to investors.
In many cases, Stratton would lure its clients in by allowing them to make a profit on their initial trade. It would also promise them a large allocation of shares in an initial public offering, only to later claim that the shares were only available at a much higher aftermarket price (created in part by phoney trades). Shortly after all the shares had been sold, the price would quickly collapse.
What happened next?
Stratton Oakmont was in trouble with the authorities almost from its founding in 1989, but it was not until 1996 that it was finally shut down. Even then it would take three more years for Belfort to be indicted for securities fraud and money laundering. Despite admitting to manipulating the stock of 34 companies, Belfort escaped with only a two-year jail sentence thanks to his decision to co-operate with the authorities (co-founder Danny Porush would get four years).
Belfort was also required to pay $110m in restitution. The Wolf of Wall Street, a book by Belfort based on his experiences, became a bestseller and was turned into a hit movie, but less than $12m has been recovered from the fraudster, mainly from the initial liquidation of his estate. The 1,513 people who were defrauded by Belfort have only received a fraction of the money that they lost.
In my opinion Mr George has worked very well with his extremely poor communication to walk this down to allow Institutional investors to get in since Nick von Schirning appeared on the scene.
My first post for a while, in my opinion Brad has done well to walk this down for the Institutional Investors to now get on board at around the placing price which was done before Nick von Schirnding joined the board, after all he must have seen each drill result before they were sent off for analysis and after all he is a geologist and former broker ! This is from my post on 19th March " The next thing to watch out for is a directors buy from Brad which will light the blue touch paper." hold on tight.
Mr George has played the cards rather well up until now, time for him to throw the PI's another fish.
Hi Rob1967, following up on my last post, today's RNS is the signal I was on about.
If I was Vale CEO I would be looking at re-acquiring Vermelho.
Hang on people, post Easter things will change here only another week to go.
Wow, I don't usually reply to people like EdSelby but what exactly would you do if you were running this company, apart from getting TWO seperate billion pound companies on board as strategic partners in this fledgling project. I most probably know what you will say and that's why you are going green like this company and the rest of the World is.
Nearly the end of the tax year and then when the new ISA allowances kick in at the start of April everything is primed, lower SP, new drill results, fourth rig drilling. Brad has been in this game for years, playing his hand well.
Hi Rob, remember that Brad and Gervaise are based in Perth and most probably play golf together and will definitely move in the same mining circles. The next thing to watch out for is a directors buy from Brad which will light the blue touch paper.
This is playing out just the way Brad has planned in my opinion. The raise brought about a fall in share price to let work colleagues in and other investors. Then ONE good assay was released which raised the price showing the potential here. Then a new director, Nick von Schirnding came aboard and we had an LSE presentation from Brad and we awaited news about the other assays which were released all at once which brought the price back down. Very strange in my opinion. Yesterday we had the Investor and analyst call. This is definitely following the same path as GGP last year and at the same time of year. I truly believe that after the next few weeks this will start to rocket due to many aspects. Please look at my older posts and you will see how I have called this.
Brad is playing his hand here just as I thought, this will start flying after Easter. I have absolutely no doubts about that.
Sorry 18th March not 15th.