Member Info for Chickenlegs

Starbright it's looking more likely that any cost to Omi will be in the future if it ever gets to mine or sold etc. Obviously a big if and a lot further down the road. So yes a material cost, but a theoretical cost that may or may not be there.

The costs for Omi needs are for keeping the lights on, paying for licences and for exploration. They will look a lot better prospect for an investment case if they have direct 100pc control. It is quite frankly a wonderful walk up target for a junior such as Omi. Every junior has this issue, so maybe people should invest in a producers instead of an explorers.

I don't think people should get hung up on giving away a certain percentage of the future royalties. It might never get there. Omi need to get moving in the here and now. It's been 18 months of nothing at Anza. Far too long for the company's flagship project.

We live by the law of the jungle and Omi are unfortunately bottom of that. It's more high risk down here the chances of gains and losses can be substantial.

Can a leopard change it's spots? Is a big question to ask. Clearly this board of directors, Omi's track record has been nothing short of diabolical during this hiatus in which there has been very little for shareholders to shout about, with a cash burn that is unsustainable.

Newmont's take over is having significant effects in the mining space. Part of what Brad said is true (that Newmont's focus has changed and Anza doesn't stack up for them anymore). Greatland gold holders are also feeling the effects of the shift in Newmont's strategy and cost saving drive after their take over. Does not mean the potential is not there.

Of course there many hurdles to jump through to go from where Anza is currently to being a producing mine.....and there are many questions left unanswered such as the strategy, focus and finance.

My belief is Anza will be coming back to Omi, the market will react well to that fact, that's a given. No-one knows the timeline on this. Could be tomorrow, could be a week, month or a year. If the board of directors manage to do that (get Anza back) after all the spends and data collection so far, they have done marvellously well.

Like I keep saying market don't care for these webinars, they have been overused with very little benefit. It's just made the company look amateur. It's not about the journey, it's about the destination. Market perception will change very quickly if we start to get official notifications on the state of play of Anza. Anything positive people will jump back in.

The choice is obvious. People either believe them or they don't. Don't believe then people should sell and take the loss if they are underwater. If you believe, keep adding while you can when everyone is fed up.

I have been frustrated like the best of them but I have faith that an advantageous resolution can be found here for Omi and that is all that matters to me.

Funding, direction, strategy are all extremely important but those questions are not for the here and now. All that matters to Omi is getting that project back in its hands.

And if this is achieved, the horns and trumpets will be blowing, sentiment will flip. Might even see a substantial director buy (for once lol).

It's a binary play though currently they get Anza back or they don't. Do you feel lucky? I do :)

Info is out there bhargav. Clearly having a potential resource is different than having a defined resource. All I am highlighting is Anza has potential that is all and it's a source that gives some kind of estimate to Anza riches. Still they have to prove to market they are capable. I know it doesn't suit the 1.5p narrative however :)

In 2018 in an official market update for Miranda mining (for the adjoining Oribella project to the Anza land package) Joseph Hebert had Anza earmarked as a resource of 1.6 to 2.3MT at 3.2 to 3.7g/t. Of course not a resource estimate by any means but I just wonder where this figures came from.

See figure 2 of this update

https://www.sec.gov/Archives/edgar/data/942149/000113717118000078/newsrelease.htm

Food for thought.

Tasty price for the believers in the house.

Are Orosur getting their house in order before PDAC and releasing a sustained attack of news flow for its shade holders? It's been quite the ride, many unhappy with the raise and lack of interaction with the market from the management team. Are things on the cusp of changing? The portfolio has been described as a goody bag. Just how good a portfolio is it? Will other companies be like a child in a sweet shop, licking their lips at the prospect of say El pantano?

I will bhargav. I'm sure there are a few working hard to get price down currently waiting to jump on.

I do agree in parts that it suits the agenda to keep shard price low for investment/ PDAC, getting Anza back etc. Brad showcasing his stable of projects etc etc but I think even 1p is a bit of a push for the share price. If it gets there at 2m mcap I'll be trying to add every spare coin I have as I am sure few others will be also. Eventually they will have to come to market with news and create a bit of a stir. It will come.

They could be goody bags but how can we tell when we are update starved. Hungry shareholders all skin and bone.

Or alternatively they are telling the truth and they get Anza back 100pc in the next few weeks/months.

Nope holding far too many drum sticks and UFO's in that goody bag for it to be a director buy surely. Bit random for it to happen when one of the chiefs is in London right enough. Maybe just a punter excited by the fire that Orosur are going to bring at PDAC this year... portfolio to die for, experienced staff, plenty contacts in Nigeria...companies will be trampling over themselves to visit the booth :).

Fat transaction just surfaced....

Breaktwister no offence taken at all, this board needs objectivity. Opinions may differ and that's a good thing. At this point everyone has been tied in enough knots that they beg for the saga to be over. 100pc direct control achieves that. We all want it soon and we want it to be official. I think they will get it. The million dollar question is when? I've been in long enough now that it is the only thing that matters.

My interpretation is different of course. I feel the majors done enough for 51pc. But what I don't understand is the huge delay....official notice should have been given not verbal and it should have been dealt with a year ago. As I have always said it's all very murky. Anyhow looking forward to the next few months, but like I said the market have had enough of sound bites, they are looking for proper official actions from Orosur. Clearly had enough of jam tomorrow webinars and "progressing" jibes.

Have you ever brought this grievance to Orosur breaktwister?

Seems a few souls are jumping overboard

Sounds good flagstaff but most of the market are very weary. Once bitten twice shy etc.

Basically what shouldn't have happened was this stalemate should never have been allowed to happen. It is quite clearly a joke.

I'm not deramping nor am I trading. Hand on heart, I just want this company to actually behave in a fashion that is truly for their shareholders, and not out for themselves......i think every holder has a right to question the timeframe of this will they/ won't they saga.

The interpretations on this board of "the agreement" are pretty vast however everyone can agree, if the majors don't want to move to phase 2 then bye senoritas they should be gone at either 51pc or 0pc. For me I think they spent enough to gain 51pc others think the majors should be walking with nothing. I'm not an expert though.

What is evident, it seems that it's only a "verbal" acknowledgement from Newmont that they are going to walk away? Can anybody actually tell me that Newmont in writing have stated this? I don't think this has been RNS'd. Very murky.....

Love for the price to rise and for the Orosur team to keep the market updated, informed and excited for once.