Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Anyone know if Brad has actually bought in yet?
I think once he has he will start to work to increase the SP rather than decrease by not releasing drilling has started or drill results. I dont think he has has huge window to make his move.
There was little mention of a drill plan other than almost a repeat drill of the same area, with the other prospects being more attractive but would require some form of road access being built to get to them, not a huge job with the right tools, and obviously applying for permits early 2021 to get cracking next year.
Brad did say he wasnt looking for new prospects further a field and wanted to concentrate on Anza, so a very similar game plan to GGP with a very similar JV deal in place.
I guess the fact that two majors are putting 30m into the project should allow us to be excited, and our valuation of around 20p is baseline for what is already known, with some good drill results we will see huge daily gains as seen with the 80% per day due to our very small market cap.. Looking forward to those days coming back..
I feel the project itself is really exciting, its only a month or two before we get drill results and I feel thats Brads window to take a position. la Cejita looks absolutely huge and if that hits its massive.
In the interim its a matter of what OMI is valued at, a known resource of 250,00-360,000 oz of gold found. multiply that by $200 per in ground oz equals $50m for lower estimate. Carnt see us going much lower than we are now, with huge potential upside with surrounding proven up mines being 10m oz deposits plus. I hope I get to retire at the end of 2021, come on Brad.
I do feel Brad didnt want the share price to go up, and would prefer it to drop so he can buy in!! That would explain a certain lack of shouting about drills starting etc!! Once he does buy in I hope he cranks up his enthusiasm button to full..
I'm not sure Brad is the most inspiring guy to watch, but he seems quite grounded. He should have mentioned drilling started in rns but hey its started with the second on site and due to start in a few days. The magnetic target of one area of Anza was massive, but they are not drilling there yet.
They also had a really great interview posted where Gervais Heddle gave a full and exciting view of where he saw the company going, where it was at and he was very enthusiastic that it was powering forwards with lots of news to come. Thats what we need from Brad, he needs to listen to that interview. Hopefully he has.
I think Greatland had an RNS indirectly from Newmont, or Newcrest, I get mixed up, saying that their valuation of 40% of the Haveroin project was valued at over 7bn. Was a valuation from a bank, sorry its vague but that pretty much puts greatlands valuation of 30% a lot higher than 1bn, plus results on scally wag and a few other joint ventures with Newcrest.
Nice to see your in this one aswell. Do we know who bought in the placing? I just wonder if previously the MM's didnt have enough shares to go round with so few available, maybe they have some now and are collecting as many as possible before we get news. It does seem as tho they have wanted to keep this low and even Brad not releasing news drilling had started has kept this low. Perhaps all part of the deal in the placing?
Its getting even cheaper, this happened just before ggp gold went parabolic, I had seen it fall from 1.9p to 1.6p and thought I'll de risk and sell some so I'm comfortable and then the next day it started to march higher and continued to where it is still on a march!! The MM's are testing our resolve!
Considering this hit 45p a few weeks ago with news, good news, we should be back, and a sustained good news getting to much higher levels. I guess we are getting in at the very beginning of the journey between the two majors and OMI.