Member Info for breaktwister

Not sure what your point is then Jerry - you think an RNS should be issued everytime a company approaches OMI to ask for a spinout or JV? That is not how it works at all.

Shocked that Jerryspaniel's ridiculous comment got any likes at all but it has 3 - the trolls are still here then I take it.

Not sure how giving interviews at mining conferences is unprofessional. If they did no conferences and said nothing people would be complaining that they are not marketing the company. Some nonsense comments on here but that one is even more ridiculous than usual.

Tgr, the normal course of events for a drill programme is that results are released in batches. That is why El Pantano was expected in Q1, the December RNS showed the drill core with visible silver. Drills are now turning at Pepas North and APTA so that is three streams of exploration results incoming, plus new aeromag and El Cedro drill prep, plus the PTO paperwork stream to move Pepas toward production. All listed in the recent 43-101. Only El Pantano expected in Q1, not because the company promised it, because it seemed reasonable given drill core was included in the December RNS. It is disappointing but once again, it feels like this point has been beaten to death, the goal was to look for structures that would help them prove the geological estimate, and pinpoint the motherlode within a very large area (20km I believe offhand). Perhaps it was best not to release a complex geological model in the horrible market we have had in Q1, not just for OMI, many juniors took a 50% hit due to the macro environment.

The question is have they found enough at El Pantano that the "substantial minerialisation" can be pinpointed in respect of high grade (economical deposit) precious metals? It is this assessment that must surely be documented and released in the very near future.

So not "assumptions with no rationale" at all, the projected newsflow is based on what the company is doing at present.

The El Pantano story must be one of complex geology with no banger holes in Phase 1. If they don't have enough, or don't wish, to do a JV right now, it may be parked until they get Pepas revenue, given the costs at El Pantano. I think it is smart to prioritise drilling on APTA where they can guarantee market-friendly results, and then release an full update on all activity at the end of April.

Answered my own question partially, 21st March drilling started again at APTA.

Are we back to the quick turnaround assays at Anza does anyone know? I know Pepas was fast, but they have been drilling Pepas North for some weeks right, and have they started again on APTA? I wonder why Brad has not tweeted about onsite operations there like he normally would.

5% down on AIM when PMs were ripping all day shows you what a joke these markets are. 20p will be breached here tomorrow and that will be the end of the teens. I hope everyone remembers that E1 was screaming at 16.5p "no, its only worth 11p".

Disappointing weakness today given the PM rally. El Pantano modelling or whatever they are doing must be nearly ready but it would be nice to get an update on that, drilling started in November I believe.

I blocked E1 on the first day he appeared on this board. He had no clue what he was talking about, banging on about costs to build a mine, then when he was corrected proceeded to argue about the matter. People who refuse to learn when the are wrong are a complete waste of time. He had an opportunity to buy in here at 16.5p, instead he passed while spending an inordinate amount of time posting about the stock - very odd behaviour and evidence of somebody with delusions of grandieur that are at present being shattered, while they scream "but I know best" and doing so publicly which would be embarrasing for most normal people. Glad I blocked.

A welcome sight this morning after weeks of selling at insane prices. Perhaps the market is finally waking up to the fact that neither war or peace is bearish for gold when the USD is being printed to oblivion either way.

On the strength this morning, maybe somebody knows something about El Pantano?

Stockscapital, if you think Don Durrett has caused the market to move down, with his incorrect analysis of "no longer a development play", what action should a rational investor take?

Genuine question.

Yes, the sooner Pepas goes to production the better. Hardly a mind-blowing concept.

And please stop replying to the post of OMI "crashing" on TSX - that has been exposed as MM nonsense on next to no selling.

Ok Kanute, they should down tools to save cash. *facepalm*

Kanuat, you are not wrong, but that is junior mining. How do you think they all fund drilling programs? Most then have the hurdle of massive CAPEX requirements, which thankfully OMI does not have.

While cash burn is a constant problem in junior mining, the most immediate problem is a 60% drop in shareprice with seemingly no bottom. I wonder why all the cheque-wavers that Brad and Louis told us about do not simply buy shares when they are on sale?

Sorry in meetings at present, just wanted to clarify that my previous comment about cash running out in "early 2027" was a complete guess. I haven't done any maths, I think they had a $4m plan for 2026, I have no idea what they have in the bank today, but it must be $10m+. It is more important that the money is used to unlock Anza, supporting the shareprice while Pepas moves to production.

Bulk sample has already been discussed and it is not something that is approved in Colombia. Brad discussed it in one of the webinars as I had raised the question.

Kanaut, there is absolutely nothing the company can do to bring forward cash generation. They are fully at the whims of the Colombia approvals process. You should research that if you want to get an idea of the timeframes. THe good news is that no actual mine build means this approvals process will be as quick as it possibly can be.

Will they run out of cash before Pepa's goes to production? Yes, quite likely at some point in early 2027, UNLESS they decide to JV something. However, share price should be much higher then if Apta MRE plans stay on track.

****, it was just an x post exactly as i quoted below. i corrected him but he didn't respond. let them make their mistakes, massive opportunity for those who can see how this will play out.

1) progressing towards massive cashflow from pepas in the near term.

2) new holes from apta to top weekly global leaderboards progressing to mre this year, market will realise that the pepas mre overreaction was dumb.

3) el pantano - have they enough data to do a jv? i do not like expense of drilling there, and it seems neither does brad. let's see what they have.

Stockscapital - his incorrect assessment caused a lot of small investors to offload their 2-5k share holdings, and you claim that is what "moved the market"?

Laughable, have a look at the TSX trade history, this was a MM dump in line with the whole sector. A sea of red in juniors yesterday.

Https://x.com/DonDurrett/status/2034895092230889948

He gave a list of his top twenty stocks with upside potential. Somebody suggested Orosur should be on this list. He replied:

"No chance. A bit disappointing at PDAC. It's turned into a drill story instead of a development play".

Fine, he is entitled to pick his own top twenty, nobody can argue with that, totally his choice. But he makes a factual mistake in claiming "not a development play", the same mistake as the market in thinking that the "small" Pepas MRE means no economical path to production. And what did he expect at PDAC? OMI are progressing Pepas to production, they are in the process of necessary paperwork and approvals, just because they are also drilling other targets does not negate that fact. "not a development play" is a massive mistake that the market will be forced to face in the near future when OMI confirm PTO approval to progress to production, and the full economics on that.

Currently arguing with a deramper on the CEO site, a brand new account created to FUD OMI, probably one of the fools from this board.